Shasta County Real Estate Update
Properties, Real Estate News
October 21st, 2009
SHASTA MLS REAL ESTATE UPDATE
Available residential listings: 1,407 (down from 1,408 last week and 1,419 two weeks ago)
Homes in escrow: 523 (up from 506 last week and down from 533 two weeks ago)
Homes closed escrow so far in October: 92
Homes closed escrow in September: 213
Homes closed escrow in August: 174
Homes closed escrow in July: 181
Homes closed escrow in June: 184
Homes closed escrow in May: 198
Homes closed escrow in April: 142
Homes closed escrow Year to Date: 1,566
Here are some quick notes for Real Estate Statistics for July – September 2009 with great information on how the local real estate market has been handling the national economy crisis. Here’s some quick highlights of those statistics:
- The total number of listings on the market during last quarter was 1151 which was down from both the previous quarter (1,430) and the same quarter in 2008 (1,845)
- The average days on market to get a home sold was 195 last quarter which is up from the previous quarter (156) but down from 218 for the same quarter in 2008
- There were 133 homes sold under $250,000 during last quarter while there were only 112 sold during the previous quarter and 110 sold for the same quarter in 2008
- There were 6.9 months of inventory between $250,000 and $350,000 last quarter which is down from 9.8 the previous quarter and 11.1 during the same quarter in 2008
HOMEBUYER TAX CREDIT UPDATE!
You only have around 5-10 days left to get an accepted offer on a home and be in escrow to be able to qualify for the $8,000 federal tax credit for new homebuyers! Your escrow needs to BE CLOSED by November 30, 2009 and that includes the 30 – 45 days it will take to get your escrow closed once its in escrow. Don’t know where to start? Contact me today for more information about the program and for assistance with learning how to get preapproved!
