Top 10 most expensive homes for sale around Redding

We’re sitting by the phone today, waiting for newly minted Facebook zillionaires to call. Here’s a look at the 10 most expensive homes for sale in the Shasta MLS today.


#10 1892 Crestmont Redding 96002 $1.895M

1892 Crestmont Redding 96002 luxury homes for sale in redding

“Truly remarkable home on the ”Bluffs” Breathtaking views of the Sacramento River, Sundial Bridge, surrounding mountains & city lights. 6500sqft of living area in the main house + 1300sqft in the guest quarters. Total of 5 bedrooms & 8 bathrooms. 5 HVAC systems & 4 gas fireplaces. Spend your summer enjoying the infinity pool w/spa & extensive patio areas. End of street location w/gated entry.”

So writes Josh Barker of Re/Max Town and Country, the agent representing the seller. We can represent your interests on this one.


#9 142 Peninsula Lake Almanor 96137 $2M

142 Peninsula Lake Almanor 96137 luxury homes in lake almanor

“There are two homes on this 1.02 acre lot on Lake Almanor. MAIN HOME: 3300+ SF built in 2005, 2 bedrooms, 3 bathrooms and an unfinished 3rd bedroom. 32′x13′ Sunroom with (3) 10′x10′ viewing windows, private boat dock, 2 car garage. GUEST (VACATION HOME): This home easily rents out for $2500 per week. This is a 1144 SF 3/2 fully furnished, lake views and private dock. Be sure to view photos!”

Says John Loveless of Results Real Estate, who is representing the seller’s interests. We’d be happy to show it to you.


#8 42367 McArthur Fall River Mills 96028 $2.25M

42367 McArthur Fall River Mills 96028 Luxury homes near Hat Creek

“GREAT HOME ON 1.5 MILES OF FALL RIVER. SECLUDED LOCATION WITH 2 STORY QUALITY HOME AND A FULL RECREATION AREA IN THE BASEMENT. ONE OF THE BEST OF WATER FOWL AND FISHING LOCATIONS ON THE RIVER. FULLY IRRIGATED WITH WATER RIGHTS TO FALL RIVER. STEP OUT YOUR BACK DOOR AND THE RIVER IS AT YOUR FEET. FALL RIVER VALLEY GOLF COURSE A SHORT DRIVE AWAY. SEE PHOTOS FOR GOOGLE WITH APPROX. CORNERS.”

So shouts Bruce “Hoss” Bader of Bader Real Estate. We’d be shouting too. Want to see it? Call or text (530) 255 4070.


#7 14000 Cub Trail Redding 96003 $2.75M

14000 Cub Trail Redding 96003 Luxury homes in shasta county

“A rare find! Exceptional 1200 ac ranch with several newer structures including homes, shops, barns, entertainment barn, equip shed & more….all in excellent condition. Abundance of surface water & several wells. OWC with one-third down.”

So writes the agent representing the seller, Al Swan of Real Living Real Estate Professionals. We’d be happy to arrange a showing.


#5 or 6 (tie) 28368 Ritter Road Fall River Mills 96028 $2.95M

28368 Ritter Fall River Mills 96028

“For the outdoorsman who seeks the ultimate fly-fishing and waterfowl retreat, look no further. This PRIVATE 120 ac. ranch has about 1 mile of river frontage on the Upper Fall River & also offers an array of waterfowl & upland bird hunting on restored wetlands & grasslands designed by the California Waterfowl Assoc. Trout, mallard, wood duck, geese, quail, dove, wild turkey and deer.”

Quotes the agent representing the interests of the seller, Donna Utterback of California Outdoor Properties. We don’t see a photo of the 3800 sqft residence, but we’d be happy to explore it with you in person. Call or text (530) 255 4070.


#5 or 6 (tie) 13499 Twin Lakes Redding 96003 $2.95M

13499 Twin Lakes Redding 96003

“This breathtaking ”Plantation Style” lake front home is on 160 beautiful acres offering total privacy with 2 Bass lakes & 2 ponds. Incredible features thru out, 5 fireplaces, Rhett Butler double staircase, music system & large covered patio. Very private 1200 sqft caretakers home on a lake. Located just 20 minutes north of Redding, this estate includes a basement, elevator & vintners area!”

Says Craig and Carol of Coldwell Banker, the agents representing the seller. We can arrange a showing for you. Call or text (530) 255 4070.


#4 17860 Lake Lakehead 96051 $2.995M

17860 Lake Lakehead 96051 luxury homes on lake shasta

“Direct Lake Access. Only Federal Land between you & Lake Shasta. This home features a rotary lift, 3,000+ sq ft. garage with 18′ roll-up doors, carlisle wood floors, Master Bedroom is on the main living level. Enjoy this Lake home while just a short drive to either skiing at Mt. Shasta or the mall & central Redding. Incredible architecture and quality. Plenty of room for boats and your toys.”

Says Chad Phillips of Venture Property, the agent representing the seller’s interests. Calling Mark Zuckerberg! We would love to show this to you. You can reach us at (530) 255 4070.


#3 18026 OBrien Inlet Lakehead 96051 $3.8M

18026 OBrien Lakehead 96051 luxury homes on lake shasta

“Corporate mountain retreat on 69 forested acres! 4 mountain homes, 4 unique suites, studio and shop. Extensive landscaping, orchards, and organic gardens. More opportunities to build out a county approved Master Plan with 4 more Treehouse Suites, Conference Center, Pool, and Spa. Resort license in effect currently operating as a Bed and Breakfast.”

That’s Aaron Nelson of Venture Properties, representing the seller. Perfect for Facebook corporate brainstorming sessions, isolated from the Bay Area vibe. Call us and we’ll make it so: (530) 255 4070.


#2 4620 Barr Mt Shasta $3.95M

Barr Mt Shasta 96067 luxury homes near Mt Shasta

“Gorgeous Premium Pioneer Log Home with spectacular view of Mt. Shasta and Lake Siskiyou from every room and a 1,700sf deck. This 7,600sf estate has 4 bedrooms, 3.5 baths, and an additional 1,100sf unfinished living area above the 3 car garage. Sits on 55 private acres bordering national forest land(with access to PCT hiking.) All custom finishings, beautiful craftsmanship, top quality!!”

Two exclamation points seem hardly enough from the agent representing the seller, Bill Haedrich of Haedrick & Co. We’d love to show this to you Bono! (Yes, Bono’s Elevation Partners is a Facebook investor). Call (530) 255 4070.


#1 16390 Evergreen Cottonwood 96022 $5.49M

16390 Evergreen Cottonwood 96022

“Stunning private ranch estate on 717.36 acres! Over 5644 sq. ft. in the main home and another 3800+ sq. ft. in the TWO guest homes. 5 bedrooms, 5 baths in the main house and 7 bedrooms and 4 baths in the two guest houses. Main home features OVER THE TOP quality construction and amenities AND the BACKYARD…the pool has THREE levels AND a cave! An entertainer’s dream home and a HUNTER’S PARADISE!”

We could be saving this one for the Winklevoss twins. Buying the most expensive home would deprive it from Mark Zuckerberg, making him “Evergreen” with envy. He may have gotten The Facebook, but you’ll have this cool room full of animal heads. And you can fight over who gets to sit on the Harley. Representing the interests of the seller on this unique estate is Ron White of the Real Estate Group. We’d be happy to arrange a private showing to anyone from Facebook actually. Call or text (530) 255 4070.

That’s the 10. Here’s a link to further information about any of these top 10 luxury homes near Redding. And call or Text (530) 255 4070 to get more information.

Oh and you can “friend” us on Facebook too!

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Government prepares to sell Freddie/Fannie REOs to investors as rentals only

We’d heard this at the Shasta MLS. Here’s an article seeming to confirm it. Right now, Freddie and Fannie clerks hand out REO homes to individual brokerages to sell, in a classic unpublished no-bid contract. Under this idea, they will instead sell the homes to investors in a pool to be used only as rentals, not re-sold. At least not flipped for some period, which we heard was 5 years. It’s all being done very quietly, as usual. Maybe the concept is a good idea, but chances are you won’t be hearing much discussion either way. That’s how things work when it comes to government housing policy. Shh.

“FHFA says prospective investors must agree to keep certain information about the REO and related matters confidential.” Democracy at work. Click on the article for more.

Click on this thumbnail image to view article

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Local home sales median price graph for the decade

Home prices in shasta county californiaThis graph illustrates the trajectory of Shasta County’s median home prices for the last decade. I plotted the data from David Benda’s recent article in the Record Searchlight about the 15% increase in home sales we saw in 2011 in Shasta County. Although sales are up, inventory is down. You would think demand would drive prices up. I can’t predict just when, but it seems likely at some point the current price decline trend will reverse.

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Analysis of Shasta County home sales you won’t see elsewhere.

This is a follow up to yesterday’s post about David Benda’s recent article in the Record Searchlight about our local housing sales. I pulled this data from the Shasta MLS and put it in graphic form to illustrate the trends.Housing inventory in shasta county
For sale now in the Shasta MLS
805 homes are for sale in Shasta County. Inventory is down quite a bit.
91 are bank or govt. owned. (REO)
216 are short sales.
38% of the available inventory is distress sales.

Homes sold in Shasta County
Sold in 2011
2113 homes sold in Shasta County in 2011, up 15% over prior year.
961 were bank or govt. owned, up 30% over prior year.
260 were short sales, an increase of 54% over prior year.
58% of all sales in 2011 were distress sales.
homes sold in shasta county
Sold in 2010
1838 homes in Shasta County in 2010
738 were bank or govt. owned
169 were short sales.
49% of 2010 sales were distress sales.

A few quick observations. Although a large portion of sales last year was bank or government owned (REO), you can see in the top chart, it represents a small proportion of what’s for sale. REOs are in high demand and drive the market. Also of interest is that short sales are numerous in our inventory, but represent a small proportion of actual sales. Although that fraction grew from 9% in 2010 to 12% in 2011, short sales are still very difficult to get done.

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Newspaper calls local housing market bottom.

“Home sales jump in December, reaching highest level in four years

Highest levels in 4 years point to market rebound”

Well, we hope that’s true. It’s a hopeful article about our local housing market, pointing to a 15% rise in home sales, year over year. Yay!

That being said, there are something like 77,000 housing units in Shasta County. Last year, about 250 more homes sold than the year previous (the noted 15% increase). That works out to .003 of the total market. I’m not sure that three one-thousandths of the market is enough for meaningful trend spotting. Although sales were up, prices were down. That seems important.

With something like a quarter of all homes with mortgages owing more than their home can sell for (underwater mortgages), the price trend is still going in the wrong direction. Until that price trend reverses, housing activity will continue to remain depressed.

Then there is the so called shadow inventory. Scattered throughout the county are a number of homes in some state of pre-foreclosure. Some, like the example below, remain in this limbo for extended periods. How many homes are coming, and when will they be put up for sale?

Shadow inventory

This West Redding home has been vacant and awaiting foreclosure since Sept 2010.

Great time to be a buyer though. Low interest rates and low prices. We know there are still more foreclosures coming, although inventory is currently low. You can always see all the local housing inventory without registering at TheAddressRealty.com. And you can always find a full list of distress sale properties that are actually available at ReddingForeclosures.info. Both sites work great on your smartphone or tablet computer.

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The Tiny Home lifestyle

Nobody local seems to want to build tiny homes anymore. The reason is purely economic. Housing is primarily valued on square footage, all else aside. Yet, years ago in Redding, small homes were quite common. How much space do you really need? Here’s a really interesting blog about tiny homes and their owners. A thoughtful group. Check it out:

Tiny homes blog and small homes in redding

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Inman Connect learning opportunity for real estate professionals

We suspect this blog gets read by other Realtors too, so this may be of interest to you guys. This week is Inman Connect. Here’s Erin with Chris Smith, Chief Evangelist for Agent Reboot and Inman News. Chris is a much admired figure in our business. Really dynamic to listen to and watch.
Erin Murphy and Chris Smith
Inman Connect is one of the most important real estate conferences for Realtors who keep up on the latest. You can follow along with attendees commentary on Twitter, using hashtags #agentrb and #icny. It’s incredible really, that you can follow progress of a conference on the other side of the continent in real time. There is an abundance of ideas here for RE professionals. Follow along.
agent reboot and inman connect
Here I am with Brad Inman. Brad is the founder of Inman News which serves as a clearinghouse for the very latest real estate news that help us do better work for our clients. Despite being so influential in real estate, Brad is super nice. Networking like this allows us to bring you the latest and best ideas to the Northstate.
Skip Murphy of The Address Realty and Brad Inman of Inman News and Inman Connect

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Search for homes in Spanish / Busque para casas en Español

So if you can read this, maybe this isn’t of interest at all. But if you know any Spanish speaking homebuyers, the California Association of Realtors has set up a website for home search in Spanish. It’s at:

http://www.sucasa.net/

You can always translate a webpage at:

http://www.freetranslation.com/

Not sure how helpful that is for home search however. Using Google translate and new mobile phone apps we can usually communicate, however slowly, with just about anyone.

Lo podemos ayudar a encontrar una casa en el Redding área de CA no importa lo que idioma que usted hable.

Call or Text (530) 255 4070

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Amazing Desert Castle real estate marketing video

Here’s an over-the-top home with an equally outrageous marketing video. Ready for a rockstar. Crank up the volume.

We love doing real estate videos. See our 662 Joaquin video from a few days ago, which is generating good traffic. It can’t compare to this production however. Desert Castle is in Palm Desert, and has its own website, of course.

Oh, and just how much are they asking for this amazing house? If you have to ask, you can’t afford it. You can afford to watch the video though.

For a look at a more local luxury home on sale, check out today’s Foreclosure Deal of the Day in Stanford Hills. We can get you in that one for a look, and you can imagine it with your own soundtrack.

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