Redding Real Estate

Redding Real Estate Market Update

November 24th, 2009

By Brad Garbutt

Last year about 1/3 of all homes sold fell in the distress sale category. This year that number has increased to 44%-no big surprise. Next year expect half of all sales to be distressed sales-either bank foreclosures (REO’s) or short sales. So far, 1792 homes have closed escrow on the Shasta MLS for 2009 of [...]

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Home Remodeling On The Cheap

November 23rd, 2009

By Brad Garbutt

One side effect of the housing meltdown is plenty of out of work contractors willing to work for less just to pay the bills. A recent article in the Wall Street Journal estimates “remodeling prices are down 5% to 10% across the U.S. from their peak”. I would venture to say that number is even higher in the North [...]

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Key Indicators Home Values Will Increase Highlighted

November 19th, 2009

By Brad Garbutt

Snippets of news cautiously point to positive economic signs indicating the bottom of the real estate market is here. However, an article in Smart Money takes these generalizations a bit further suggesting there are six signs a home you are considering buying is about to rise in value. Here they are:

Unemployment Rate-Common sense, higher unemployment, less potential [...]

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Redding Home Prices Dip In October

November 3rd, 2009

By Brad Garbutt

For most of this year, Redding home prices have hovered around $135 per square foot but dipped to $129 in October. These averages are for Redding only and do not represent Anderson, Shasta Lake or Shasta County. The average home price dropped accordingly to $212,988, about $30,000 less than the 2nd quarter average of $244,718.
On [...]

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What Will A Million Get You In Redding? 832 Santa Cruz!

October 28th, 2009

By Brad Garbutt

Quite the value, relatively speaking! For starters, this Street of Dreams home sits on a ridge overlooking Redding, the valley and the beautiful western range. Featured last year on the cover of FROM HOUSE TO HOME  magazine, this sprawling estate is situated in the gated community of Standford Hills on the northwest boundary of Redding.
The main residence, nearly 4400 square feet of [...]

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Shasta County Real Estate Fraud Cases Discussed

October 22nd, 2009

By Brad Garbutt

Robert Angulo is the investigator recently assigned by the DA’s office to handle real estate related crimes. Robert spoke to a group at the Shasta Association of Realtors weekly meeting Wednesday. The real estate fraud unit has been up and running for just a few months and is already handling 31 cases. Here is a [...]

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Redding 3rd Quarter Home Stats

October 7th, 2009

By Brad Garbutt

Home values in Redding continue to bounce up and down indicating the market is still searching for a bottom. Home prices averaged $233,500 in the first quarter, then up to $244,700 in the second quarter but down to $232,900 for the quarter that ended in September. The average square footage for a home in Redding [...]

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Scary Real Estate

October 2nd, 2009

By Brad Garbutt

Behind the crumbling brick buildings that line the main street in Old Shasta, on a wooded hill overlooking town, lies the Shasta Union Catholic Cemetery (now called Old Shasta Cemetery) with headstones, obelisks and iron fences surrounding family burial plots, dating back to the mid-eighteenth century. It was established in about 1849 and was one of [...]

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