New associate! Realtor Penny Failor joins The Address Realty

Posted on May 18, 2012 by Skip@RHB

Having lived 40 years in Shasta County, and having worked 23 years as a local real estate agent, Realtor Penny Failor has the depth of experience that few can match. She now brings her expertise and great reputation for honesty and ethics to our firm. We are pleased to announce that Penny is the newest agent to join our growing brokerage.
Penny is married to longtime small business owner Ralph, and has 4 kids and 11(!) grandkids. Wow! Penny has developed relationships with some banks and mortgage lenders, and frequently lists foreclosed properties for sale. She also brings her accumulation of knowledge concerning the complete range of residential home sales in the Greater Redding area. Please help us congratulate her on the move, and be sure to call her with all your real estate needs. pennfal@aol.com or mobile (530) 209 6086. Thanks Penny, and welcome!

New listing! 3480 Nathan Drive Anderson CA 96007 On a pond

Posted on May 17, 2012 by Skip@RHB

Realtor Jessica Downer of the The Address Realty is representing the seller of this lovely Anderson home. It’s a 2006 built 1586 sqft 3/2 overlooking a big pond with a walking trail just outside the backdoor. It’s just $189,900.
Jessica did a brief video tour. Take a look!

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If you have any questions or if you’d like to see it, you can contact Jessica directly:
Jessica Dormer
The Address Realty
Office Phone – (530) 351-8432
jessidormer@gmail.com

http://theaddressrealty.com/jessicadormer/

DRE License # 01776548

21609 Bella Flores Palo Cedro 96073 ’05 5242 sqft 5/4 on 10 acres $1.195M

Posted on May 15, 2012 by Skip@RHB

Attention newly-minted Facebook IPO zillionaires! Here’s a fabulous Country Style luxury home from the Golden Age of real estate, right about 2005. It’s a beauty. Look at these excellent photographs.
Representing the seller is Realtor Gloria Speigle of Coldwell Banker. She writes of it:

“Wonderful large family home in Palo Cedro. Country French farmhouse estate. Very private setting with usable,gated and fenced 10 acres. Separately fenced pool and horse areas. Large drive thru RV garage/barn/workshop with attached 1 bedroom 1 bath guest house. The outdoor patio is like another large room overlooking the beautifully landscaped backyard and pool. VIEWS Lassen, Shasta and Bally”

There are more and larger images of this spectacular Northstate Luxury Home at the link. We’d love to show it, whether or not you have recently come in to money from a tech IPO.

Call or Text (530) 255 4070

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Brief Mortgage Fraud video via C.A.R.

Posted on May 14, 2012 by Skip@RHB

Hopefully, everyone knows what to avoid already. But if not, here is a short informative PSA.

2177 Cadjew Redding ’05 2198 sqft 4/2 Auction bidding starts at $69,000

Posted on May 10, 2012 by Skip@RHB

This lovely Coughlin Development home near Lema Ranch will be auctioned off on Monday May 14.

The home is currently rented, and has tenants. DO NOT DISTURB! Thus, it will not be open before the auction to view inside.

The 3 car garage is 644 sqft according to records. We have images of the interior from a prior listing we can show you. It has (had?) a beautiful tile kitchen with oak cabinets. Coughlin built really nice homes. We can represent you, or even just advise you about the purchase at no cost to you. Call for more details or more info.
Call or Text (530) 255 4070

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Native plants for landscaping

Posted on May 9, 2012 by Skip@RHB

Okay, so this is Poison Oak, growing up the house at the foundation.
Note: Do not use native plants for landscaping that have names that begin with “Poison.”

Local housing market graphs for April

Posted on May 7, 2012 by Skip@RHB

We like to look at local home sales every month. Here’s April results.
Again we see inventory is down over the last 24 months. The bars reflect Days of Inventory, or how long it would take to completely sell out if no new homes come on the market.
Above, the numbers behind the chart. Sales were slightly off for the month. Again, we think this is because there are buyers out there with no homes to buy. Currently the local Shasta MLS is filled with homes outside our traditional marketing area, like Alturas, Weed, and Weaverville. If you want to live in or near Redding, chances are you are not shopping that far outside the area. Accordingly, the numbers seen here are only the immediate area near Redding, and exclude outlying areas. You may see different numbers elsewhere, but this is what we use to try to be more accurate to local sales.

Here is a different set of charts from what we have shown here before. This set reveals some important general trends.
I put red arrows on some important points. List Prices are trending up. Days on Market is trending down. Most importantly, Sold to List Ratio is practically exponential. That shows that homes are selling much closer to list price than before. No more lowball offers if you want to be successful in this market.

If you’ve been thinking of selling, this is the best market in years for buyer demand. We do an awesome job of real estate marketing, using online video and the latest mobile technology to get your property seen. Call or Text (530) 255 4070

Is the “shadow inventory” of local REO homes being sold to hedge funds?

Posted on May 3, 2012 by Skip@RHB

For the last few years, we real estate agents were being told by government and banking interests to expect a wave of foreclosures on the market. We know there have been a great many foreclosure and pre-foreclosure homes in any neighborhood around here. Yet, here in the Spring of 2012, we are suffering with some of the lowest level of housing inventory for sale we’ve seen in years. What happened to the so called shadow inventory?
A possible clue came in the form of a recent phone call I took.
“Mr. Murphy, we represent an investor group looking to buy a pool of 585 REO homes. 4 of them are in the Redding area. We’d like you to go out and look them over, and let us know what you think they are worth in today’s market. In return, if we decide to go ahead with the purchase, we will use your services if we decide to market the properties in your area.” The caller said they represented a group of investors with a Very Hedge Fund sounding name I’d never heard of.
So I do a free, drive by appraisal, on the flimsy chance that I may get some business out of it. As always, it’s relatively easy to get a real estate agent to work for nothing. It’s common. We are a hopeful bunch.
I never got any call about those properties after that. I’ve spoken with other agents who have experience with “pool” buyers, too. Were those homes bought and quietly rented out? I don’t know, and as I understand it, Hedge Funds are only minimally regulated. All I know for sure is that we have way fewer local homes for sale than we’ve had in years, and it’s a real problem for buyers in certain market segments. Notably at about $150K level. What happened to the shadow inventory wave? We’re still waiting…

Realtor Angelo Passidakis comes to The Address Realty

Posted on April 30, 2012 by Skip@RHB

Please join everyone at The Address Realty in welcoming our newest associate, Angelo Passidakis!

Broker Erin Murphy and Realtor Angelo Passidakis

“My name is Angelo and I sell Real Estate in and around Redding California. I have been a Realtor for many, many years and I really truly enjoy helping people buy and sell homes.”
Angelo was born in Greece, but he and his family immigrated to the US many years ago when he was just 11 years old. He has some interesting stories about his life! He served our country honorably in the military during the Korean Conflict. Angelo has worked several careers, usually in business for himself. As a successful Realtor in Sonoma County before moving to Shasta County years ago, he really enjoys helping people buy and sell real estate. Work is especially gratifying.

When he’s not working, you can often find him gardening in his back yard in Redding. Angelo makes his own wine and cures his own olives for relaxation and fun. For him and his wife Hope, nothing is better than sharing good food and good wine with friends and family. His son also lives in Redding, so he and Hope can enjoy being near the grandkids. Angelo’s daughter also lives in California. Angelo really likes being part of the community here. He says, “This is a great place to live! I am grateful for the opportunity to live and work in this great country. It is my most fond desire to give back to others in return for the great gifts that have been granted to me. I’d like to help you too! Let me know if I can be of service to you in Real Estate.”

Those of you who know Angelo, and who have worked with him, know that these are the things that are important to him:

Client Service
The Best Tools
Highest Ethical Standards

These are his priorities. Enhanced now, with even more abilities at our new brokerage.

Thanks for reading. Please know that Angelo’s business is based on referrals from clients, friends, and acquaintances. “I genuinely appreciate your business, and expect to offer nothing less than the best service available!”

Angelo Passidakis.

“Call me today and I can set you up with a special account to search and save your favorite listings on the MLS. Receive emails of new listings on your saved searches. Call today, I can help you.”

Call Angelo at (530) 604 2005

Is low inventory the new housing crisis?

Posted on April 29, 2012 by Skip@RHB

Home sales are trending up. Low inventory is rapidly becoming the newest obstacle to the recovering housing market in the Redding area. See more from California Association of Realtors Economist Leslie Appleton Young;

What about the “Shadow Inventory” everyone’s been talking about for the last couple years? We think we know where it went. More to follow…

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Author Archives: Skip@RHB