Redding's Ups and Downs

If you're wanting to buy or sell a home, being familiar with the local market is important.  February statistics are as follows:

 

Shasta County
Residential Sales Trends February 2010
Price	Sold 2/10	Feb sold avg DOM	Active Listings 2/10	Active Listings DOM	# Sold 2/09-2/10	2/09 - 2/10 Avg DOM	2/09 - 2/10 Withdrawn/expired	# Months Inventory	% sold 2/10	% sold Previous 12 Months
0 - $150,000	48	110	179	133	676	114	446	3.7	36.6%	30.8%
$150,001-$200,000	29	138	215	147	517	127	480	7.4	22.1%	23.5%
$200,001-$250,000	22	192	189	133	380	136	508	8.6	16.8%	17.3%
$250,001-$300,000	13	107	148	179	251	150	447	11.4	9.9%	11.4%
$300,001-$350,000	5	227	98	167	140	150	239	19.6	3.8%	6.4%
$350,001-$400,000	5	222	80	177	107	161	219	16.0	3.8%	4.9%
$400,001-$450,000	2	164	45	130	45	156	120	22.5	1.5%	2.0%
$450,001-$500,000	0	N/A	37	190	25	185	131	n/a	0.0%	1.1%
$500,001-$550,000	2	194	22	156	16	220	84	11.0	1.5%	0.7%
$550,001-$600,000	0	N/A	35	226	14	176	73	n/a	0.0%	0.6%
$600,001-$650,000	0	N/A	11	217	4	105	39	n/a	0.0%	0.2%
$650,001-$700,000	0	N/A	14	247	5	232	34	n/a	0.0%	0.2%
$700,001-$750,000	0	N/A	11	197	3	319	25	n/a	0.0%	0.1%
$750,001-$800,000	2	226	10	298	6	219	37	5.0	1.5%	0.3%
$800,001-$850,000	0	N/A	6	106	2	385	7	n/a	0.0%	0.1%
$850,001-$900,000	2	87	51	238	1	131	6	25.5	1.5%	0.0%
$900,001-$1,000,000	0	N/A	11	197	1	98	27	n/a	0.0%	0.0%
>$1,000,000	1	131	34	261	5	224	65	34.0	0.8%	0.2%
	131	169	1196	189	2198	183	2987	9.1	100%	100%
		Information is deemed to be reliable, but is not guaranteed. © 2010 MLS and FBS.

If you want to buy your first home, you must have a house in escrow by April 30th, 2010 to qualify for the $6000 tax credit.  
With the expiration just a few weeks away, it will be interesting to see if the tax credits are extended.  

We have helped so many first time home buyers and it is so fun and exciting to watch them when their house closes escrow.  It's probably the only blessing out of the recession we've all been experiencing.