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Redding Home Sales – January 2013

Home sales in Redding continue to show strength. There were 106 homes sold in January. That is up from the 93 homes sold in January of last year. The average sales price was $212,259. Inventory has dropped to 565 homes in all of Shasta County. That is lower than we have seen in the last several years.

jan-2013-market-stats

The highest price home sold for $635,000 and the lowest home sold for $39,000.

The average sold price per square foot was $116 that is up from January last year $107.

The average days on market for Redding homes was 113 days.

If you would like more information about the Redding Real Estate market visit our Redding Market Data page.

Redding Homes are Selling Like Hot Cakes!

Not only is inventory dropping (698 homes on the Shasta County MLS), homes are selling faster than they where a year ago. If you are considering selling this is a great time. If you are currently a home buyer you better act fast when you see a home you like. Here is a great info graphic from the California Association of Realtors.

US Home Sales

Interest Rates Have Never Been Better!

The California Association of Realtors put together this great infographic showing the interest rates over the last few decades. With rates currently hovering around 3.5% and prices lower than they have been in the 8 years, its never been a better time to buy.

Home Loan Rates

September Home Sales Show Signs of Steady Improvement

Shasta County Home Sales September 2012

Home sales continue to show signs of our market improving. September’s average sales price for a home in Redding was $194,802. That is up from September 2011 $176,876. Shasta County had 212 homes sold in September.

Shasta County Housing Stats For September 2012

Statistic
Sep-12
Sep-11
% Chg
2012 YTD
2011 YTD
% Chg
Absorption Rate
3.91
6.09
-35.80
4.13
7.02
-41.17
Average List Price
$304,973
$281,020
8.52
$241,760
$237,780
1.67
Median List Price
$215,000
$195,000
10.26
$180,650
$179,900
0.42
Average Sale Price
$202,828
$182,691
11.02
$180,343
$182,002
-0.91
Median Sale Price
$171,000
$167,500
2.09
$159,995
$155,000
3.22
Average DOM
133
110
20.91
119
130
-8.46
Median DOM
101
93
8.60
88
100
-12.00

Redding Housing Stats For September 2012

Sep-12
Sep-11
% Chg
2012 YTD
2011 YTD
% Chg
Absorption Rate
4.12
6.32
-34.81
4.31
7.16
-39.80
Average List Price
$325,087
$287,470
13.09
$249,453
$240,423
3.76
Median List Price
$219,900
$195,000
12.77
$180,000
$179,000
0.56
Average Sale Price
$200,026
$176,876
13.09
$177,299
$179,380
-1.16
Median Sale Price
$165,900
$163,000
1.78
$155,000
$150,000
3.33
Average DOM
150
110
36.36
123
131
-6.11
Median DOM
101
93
8.60
88
101
-12.87

 

Average Sales Price Continues to Rise On Redding Homes

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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