Category Archives: Market trends

Move to affordable Redding California

There is an acute housing shortage in parts of California:

Massive housing shortage
Consequently, prices are up across the state.
Statewide Feb 2016

Statewide Median Home Price in California are hovering at around $446,000. Meanwhile in lovely Redding California, the median price is about  half that of the rest of the state, coming in at at $218,915 in March 2016.
Mar 2016 Market Summary

Half-off housing.

As if housing alone wasn’t reason enough to move your family or business  to beautiful Redding California.River-in-Redding640

We know Redding very well. 

Our broker Erin was born and raised here. We can help you find that perfect home in our great region. Search all the Redding area homes for sale  at the link, or call The Address Realty today:

Call or text (530) 356 4500

Source: National Association of Realtors, California Association of Realtors, and the Shasta MLS. Information is deemed to be reliable, but is not guaranteed. © 2016 MLS and FBS. Prepared by Skip Murphy on Tuesday, April 12, 2016 7:47 AM.

November home sales trend lower in Redding

Home sales in Redding and the greater Shasta region were off pace in November. That’s a typical pattern. And home sales often get slower yet in the period between Thanksgiving and New Years. Just like the chill in the weather.
Nov 2015 Sales ChartBelow, the numbers behind the chart. Only 148 homes sold last month in the area roughly defined as from Shingletown to Whiskeytown, and from Lake California to Lakehead. So inventory is up.
Nov 2015 Numbers

We definitely feel it. That said, we often remind sellers that you don’t know where or when your buyer will arrive. The Redding area home market flow is random enough that you may be equally likely to sell any time of year, despite the seasonality cycles.

Just a reminder that we list homes for 1%. Listing services start at $495. We are a different business model than other brokerages around here. We offer no-compromise home sales services, while letting sellers keep more of their money. We have a great track record of success, and real testimonials from real people. Who do you know that needs to sell their home in the Redding area?

Redding area home sales strong in August

Although August home sales remained historically strong, it looks like Shasta MLS sales may have peaked in July this year.
Aug 2015 Sales Chart

 

We continue to be very busy at The Address Realty. But it looks like as a whole, sales are down about 40 homes from last month.Aug 2015 Sales numbers

 

We often see a seasonal cycle in Shasta County and Redding home sales. With cooler Autumn approaching, it cools sales a bit. That said, you never know where your buyer will come from in out marketplace. And if you need to sell, the Fall can be a great time since inventory often falls with the season, and buyers have fewer homes to choose from.

Information is deemed to be reliable, but is not guaranteed. © 2015 MLS and FBS. Prepared by Skip Murphy on Saturday, September 12, 2015 9:00 AM.

July statistical data for Redding area home sales

Here’s a few more charts we like to study every month to get a sense of our local Redding area home sales marketplace. Interesting to note the steady decline in Days on Market (lower left). Things are selling fast.

July2015SalesGraphs

Always interesting to see the Median Sale Price. At over $225K it’s up 5% over July 2014. Average Price was well up too. 12%. The Redding/Shasta housing market is running hot. Click on the image to slightly enlarge.July2015SalesStatistics

Information is deemed to be reliable, but is not guaranteed. © 2015 MLS and FBS. Prepared by Skip Murphy on Wednesday, August 19, 2015 9:22 AM.

Hot hot home sales in Redding for July

It wasn’t just the high weather temperatures turning up the heat for our Redding and Shasta region in July. Home sales continued at an accelerated pace.
July2015SalesChart

 

Inventory continues to be low. Seen below, 268 homes sold in July 2015. The most for a single month in the last 2 years. July2015SalesNumbersAs usual, you may see different numbers posted elsewhere. We use sales reported in the area consisting roughly from Shingletown to Whiskeytown, and from Lake California to Lakehead. We were very busy too! Word is spreading that we list homes in the MLS for just 1%, with high quality services.

 

Summer market trends for Redding area home sales

Here are some of the charts we use to plan ahead here at The Address Realty.

Sold price versus List price is up around 96%. If you list your home for $100, chances are you’ll sell it for $96. (If you list your home for $100, chances are we’ll buy it from you, btw)

Jun2015Trends

Days on Market is down. Things are moving quickly in the Redding and Shasta region homes market.

Below, we see the Median Sale Price of homes in the Redding and Shasta area are up. We’re wondering if that trend will continue if interest rates continue to climb from record lows.

Jun2015Statistics

Below, the usual bell shaped curve on prices of sold homes. Of interest is the high end. Sales of more expensive homes are up this month over last year.Jun2015PricesReminder: We list homes for sale in the MLS for 1%. Listings start at just $495. We are a local, full service brokerage offering the highest quality real estate services. The Address Realty.

Information is deemed to be reliable, but is not guaranteed. © 2015 MLS and FBS. Prepared by Skip Murphy on Thursday, July 16, 2015 7:01 AM.

ReddingBirdsEye

June was another hot month for Redding area home sales

January and February sure started slow. But every month since has seen very strong home sales in the Redding area market. Finding sufficient inventory can be a challenge.
Jun2015ChartThe numbers below show the results. 237 homes sold last month in the area consisting roughly form Shingletown to whiskeytown, and from Lake California to Lakehead. We were very busy as well. Word is spreading that we list homes in the MLS for 1% with high quality services.

Jun2015NumbersGood news for sellers. Next post, we look at the various trendlines. Information is deemed to be reliable, but is not guaranteed. © 2015 MLS and FBS. Prepared by Skip Murphy on Wednesday, July 15, 2015 8:21 AM.

Redding area median home sale price goes up again

Year over year, the median home sale price in the Redding area is up 9+%. Good news for sellers.
May2015Summary

Below, we see list prices have trended upward, yet demand remains strong.May2015Trends

Supply and demand. We could use more supply. Who do you know that’s thinking of selling?

Good timing. We offer 100% full service with a 1% brokerage fee. Listings start at $495. We have a proven track record of Redding area home sales. Do the math.

Strong sales continue for Redding area homes in May

May 2015 was another hot month for Redding home sales. The 3rd month in a row.
MAy2015Chart

 

Below, the numbers behind the chart. 239 homes sold in May. Another vibrant month for Shasta and Redding home sellers.May2015Numbers

 

Again, you may see different monthly numbers posted elsewhere. These are the statistics from a forecasting report we run here at The Address Realty of sales in our market area. A region extending roughly from Shingletown to Whiskeytown, and from Lake California to Lakehead.

Let us know if you are interested in participating in our currently hot Redding are home sales market by selling your home. We’ve had great success with our 100% service at 1% listing fee program. Call for more details at no obligation. (530) 356 4500. Do the math.

Redding area April home sales trends

Busy busy busy, here at The Address Realty in Redding. Here’s a follow up to the last post. Regular readers will recognize these monthly charts we like to follow.

April 2015 Sales trendsOf note, the Listing Prices are trending up. As is the Sold to List Ratio. And Days on Market are trending down. All of it consistent with what we are feeling out here where the rubber meets the road. Busy busy busy!

April 2015 Sales trends2

And check out the current Median Sale Price of $222,500. That’s up over 11% since the same period last year. Good news for sellers.

Information is deemed to be reliable, but is not guaranteed. © 2015 MLS and FBS. Prepared by Skip Murphy on Thursday, May 21, 2015 7:10 AM.