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You are here: Home / Blog / Average Sales Price Continues to Rise On Redding Homes

Average Sales Price Continues to Rise On Redding Homes

September 16, 2012 By Chris Parsons Leave a Comment

Shasta County Home Sales August 2012
July’s average sales price for homes in Redding was $198,625. That number rose for the forth consecutive month to $199,166. With Shasta County housing inventory staying low we continue to see multiple offers on listings and offers over the asking price regularly.

From local appraiser Robert Sprenkel “The average sales price/SF continues to tick upwards in all age brackets. While most of the market is active with low inventory, the custom market appears to be soft. There are 43 active listings in Redding with an asking price of $550K+. There is only one pending sale in Redding with a list price over $550K.”

Shasta County Housing Stats For August 2012

Statsistic 12-Aug 11-Aug % Chg 2012 YTD 2011 YTD % Chg
Absorption Rate 6.9 9.52 -27.52 7.09 9.96 -28.82
Average List Price $260,090.2 $257,317.8 1.08 $236,349.1 $239,204.7 -1.19
Median List Price $190,000 $189,000 0.53 $179,500 $179,900 -0.22
Average Sale Price $184,168.4 $180,536.7 2.01 $177,755.9 $181,898.2 -2.28
Median Sale Price $165,500 $158,000 4.75 $158,650 $152,750 3.86
Average DOM 108 124 -12.9 117 133 -12.03
Median DOM 88 97 -9.28 87 101 -13.86

Redding Housing Stats For August 2012

Statistic 12-Aug 11-Aug % Chg 2012 YTD 2011 YTD % Chg
Absorption Rate 5.94 7.79 -23.75 6.16 8.38 -26.49
Average List Price $267,914.7 $252,446.3 6.13 $240,782.3 $240,332.6 0.19
Median List Price $202,800 $196,900 3 $189,000 $189,900 -0.47
Average Sale Price $197,611 $193,462.7 2.14 $194,068.1 $194,448.6 -0.2
Median Sale Price $175,000 $173,056 1.12 $169,000 $166,750 1.35
Average DOM 106 123 -13.82 111 126 -11.9
Median DOM 86 99 -13.13 83 100 -17

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