Home sales in Redding and Shasta County jumped quit a bit from last month. This is pretty typical for November and December. In November there were a total of 161 homes sold in Shasta County, and in December we had 196 homes sold. That is quite a jump, however that number is pretty close to December of 2009 which had a 200 homes sold in Shasta County.
We have been noticing a definite pickup in buyer traffic to the websites and more sign calls. Hopefully this trend will continue through the winter.
In the city of Redding there were a total of 114 home sold and an average sales price of $202,599. That is down from the average sales price of $231,624 in December 2009.
The average sales price for all homes in Shasta County for the month of December 2010 was $196,749, this is also down from last year’s average price of $208,158.
Inventory continues to drop as well, as of today there are 1,276 homes on the market. This time last month we were hovering around the 1,350 mark. The drop in inventory is normal for this time of year, however we have not been below 1,300 homes for quit some time.
Now that the holidays are over we expect that inventory will stay steady and probably creep up a bit. There were a total of 215 home listings that were posted to the Shasta County MLS in December. That is the same number as November .
Foreclosures continue to be a big percentage of the sales in the Redding area. According to a report from Foreclosure Radar, there are 732 homes that have been foreclosed, some are on the market and some are in the process of coming on the market. The other interesting number in the report is the homes scheduled for foreclosure sale, there are 457 homes scheduled for sale. The Scheduled for Sale inventory indicates those properties that have had a Notice of Trustee Sale filed, but have not yet been sold or had the sale canceled.