Redding’s biggest story for 2013 is the real estate rebound

This post was published 6 years ago. Please, read this page keeping in mind that this home may have sold by now. You can always check current status by calling or texting (530) 356 4500 The Address Realty DRE # 01710206

We’ve started to see the typical year in review stories that mark the end of the year in the media. For us, the biggest story in Redding and indeed Shasta County has been the dramatic turnaround in real estate values. The change was striking. Multiple offers on homes have become common. Builders have put our tradesman back to work. The financial effects rippled through the local economy like waves in a pond. This quote from Zillow seems accurate:
Zillow2013prediction

“The median home value in Redding is $210,800. Redding home values have gone up 17.8% over the past year and Zillow predicts they will rise 9.9% within the next year. The median list price per square foot in Redding is $151, which is higher than the Redding Metro average of $147. The median price of homes currently listed in Redding is $239,000 while the median price of homes that sold is $216,250. The median rent price in Redding is $860.”

Zillow2013prediction2

We had our best business year ever. We owe it all to you, our loyal clients and readers. Thank you so much for a great year! And we look forward to contributing our share of ripples in the pond for our community in the year(s) to come.

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