One home sold here has a large ripple effect on the local economy.
There’s no question that housing related jobs have a big impact on our local economy. Apparently even including Realtor’s advertising this message (in other media markets, not Redding). Oh well.
The headline this morning in the paper fairly screams it out: We need more homes for sale in the Redding area. We have home buyers, but no homes to sell them.
Everyone is feeling the pinch. If you, or anyone you know is thinking of selling, perhaps wondering when the market would turn in their favor, now is that time.
In view of this situation, Erin and Skip at The Address Realty are running a listing special. Just $495 to list your Redding area home in the local MLS. Sellers can use this plan to save literally thousands of dollars on the listing side of selling a home. We are hoping this spectacular money saving incentive will bring up some inventory we can sell to our buyers. Keep more of your equity on the listing side. We just need your house to sell to our many eager buyers!
This isn’t some out-of-town limited service type listing. We offer all the available sales tools to get top dollar for your home. Here’s a home we sold that closed yesterday in Anderson. It sold at list price of $165,000. The online sales video below was viewed over 650 times. All those buyers will see your house too!
It is so very gratifying to help folks find the home of their dreams. Along the way, you get to know them well, their likes and dislikes. And their kids too. Their hopes and dreams and aspirations. And when it all works out in their favor due to our efforts, the feeling is hard to describe. The end result is HOME. A word rich with all that it implies. We make connections as Realtors, and when a family connects with home, it’s a good feeling.
It’s getting harder and harder to find the good deals. Just so you know.
Today’s RS article about an expensive house flipping seminar brought this local flipped home to mind. Tax records say this home sold for $295K just last month. Now, 2910 Montana Sky in Redding’s Carriage Glen neighborhood is listed for $389,000. Here we see the presumed flipper/sellers romping in their back yard.
You’d be romping too, probably. Representing the seller in this sale is the seller, Will Ramsdell of Keller Williams. He writes:
“Beautiful 3 Bedroom 2 Bath with an office. Granite counter tops and stainless steel appliances. Custom back yard with beach entry pebbletech pool, waterfalls, built-in spa, vollyball court and much more. Entertainers dream home. Regular sale ready for quick close.”
The quicker the better, no doubt. He’s posted many more images of this Carriage Glen home in Redding, treated with the requisite high dynamic range (HDR) image retouching so often seen on luxury homes posted online, at the link.
Care to see it? No swimming allowed. Call or Text (530) 255 4070
Half price when compared to the statewide median price. Our local median price was (edit)$152,000 for the first half of 2012. The average sale price in that period was (edit)$173,480. Meanwhile, across the state, median was $276,040. So, we’re really (edit)55% of statewide price.
The above chart comes to us from the California Association of Realtors. My calculated local median price is from the Shasta MLS Information, prepared by Skip Murphy on Tuesday, July 17, 2012 8:55 AM, and is deemed to be reliable, but is not guaranteed. © 2012 MLS and FBS.
EDIT:Hah. Good thing those figures weren’t guaranteed. Turns out I had some interaction with the Chrome browser that didn’t download all the data. The Actual Median price for homes selling in the first half of 2012 was $152K. And the Actual Average price was $173,480. So now, we are not actually half the statewide median price, but more like 55%. So almost half. I originally wrote that local median price was $113K. Which seemed really low, so good thing I checked again. Sorry for any inconvenience.
Ours is a service business. I like to be there for buyer inspections, and that includes Septic Inspections. Even when it’s 106 f in Shasta County. Maybe a teensy bit hotter in the sun. These are the glamorous real estate agent tasks they fail to mention on TV shows like House Hunters.
Lucky for you, it’s not smellivision, lol. Again, this is a service business. We do what it takes to serve the client interests.
At least I wasn’t doing the digging and pumping. Now, that’s truly a service business…
Here’s an interesting interactive map of real estate related statistical data as it applies to individual Congressional Districts.
The 2nd Congressional District ( us) has almost 300,000 households, with a 64% rate of homeownership. It’s sometimes easy to forget how big this district is, so much more than just Shasta County. As of yesterday, the 2 candidates running to represent this region are Jim Reed and Doug LaMalfa. There is much more real estate related demographic and economic data at the link. Interesting to see how we compare to other places.
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!
View Larger Map
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
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…
Ask the real agricultural landowners what they think about locking away their private property rights until 2036. Ask the county planners what unintended consequences will result from a vote to approve Measure B: “(Russ) Mull calls the measure ironic for a different reason. It preserves the status quo, he said, and most land in Churn Creek Bottom isn’t actual farmland. ‘Probably the future of Churn Creek Bottom under this measure is houses,’ he said. ‘The entire Churn Creek Bottom will be houses.’” Educate yourself. Read this informative Measure B article in today’s Record Searchlight at the link.
So what real estate agent wouldn’t want more houses in the Churn Creek Bottom?
Me.
I have no land in the Churn Creek Bottom. It’s not in my best business interests to take any position at all, since I risk alienating potential clients who may disagree. But I truly believe that this will be a bad law if passed. Bad for the Bottom, bad for all of us. All the land use and development in the county deserves individual consideration of merit. Measure B takes a huge swath of property, and individual property rights, and ties it up for too long. It’s just bad law. Join me, and the Shasta Association of Realtors.
Vote NO on Measure B.