We knew we wanted a green alternative vehicle for our Redding California real estate practice. Another important criteria for our new car purchase was that it be built in the USA. Which had also been true of the Cadillac that preceded it. Here is an interesting time lapse video of the Nissan Leaf as it is manufactured in Smyrna Tennessee:
Wind energy electrical generation in Shasta County. Image 2013 by Skip Murphy
Everyday is education day when you’re in real estate. But Erin and I helped facilitate an event that took place last week at the GAIA Hotel in Anderson that saw 300+ Realtors from all around the northstate gather to learn from the most informative speakers we could find. The event was a big success, and everyone came away with new ideas and information. Here’s a brief video that gives some idea of the event.
Our Broker Erin Rader in her role as Education Committee Chairperson for the Shasta Association of Realtors made many trips to Chico on her own time to help coordinate this complicated event. I think that really demonstrates our commitment to educating Realtors and learning cutting edge skills.
As a Director of the Shasta Association of Realtors, I want to thank all the many, many people who helped bring this event to its successful fruition. Real estate is a lifetime of learning.
Wrapshell Alderson, Erin Rader, and Jane Lee at the Gaia.
We had a residential appraiser, Diane Freibel, and a commercial appraiser, John Ryan at our General Membership meeting today at the Shasta Association of Realtors. It was riveting info.
One really interesting nugget that emerged was that Redding was 18th from the top in housing value appreciation in Q4 of 2012. For years we have been near the bottom 200 or so, but now at 4% we are just behind Sacramento, and ahead of Napa! http://www.fhfa.gov/webfiles/25010/2012Q4HPI.pdf
We recently helped Carol take advantage of her Veteran’s Benefits in the form of a VA loan used to purchase a bank owned foreclosure. This type of sale can be tricky to negotiate, since bank/sellers are seldom willing to do any repairs, while the VA loan requires that the home be brought to high standard of condition. In this case, we were able to help her negotiate with the bank for a complete new HVAC (heating and air conditioning system) paid for by the seller as a condition of purchase. Thanks for using our services, Carol! Enjoy your new cozy home.
Here’s a chart of localized home sales for last month. Numbers down slightly. We don’t have a large market, so it’s hard to see trends month to month because the statistical sample is too small to be significant. Still, we like to look. This is from the set of home sales consisting roughly of Whiskeytown to Shingletown, and Lake California to Lakehead. Low inventory is still having the biggest impact on local sales. We have buyers out looking. But there used to be a lot more to choose from.
Here’s a 2 minute tech tip we recently created for the education committee of Shasta Association of Realtors in Redding. You may want to know this too. Just one of many 2 minute tech tips from our brokerage, The Address Realty.
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
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