Statewide Stats Show that Chico Real Estate Market is Improving!

Chico is showing a 3.3% growth in housing permits.


Read to sell?

Call Sandi Bauman  530-864-540

#1 Top Producing Chico Listing Agent 2010-2103

#1 Top Producing Butte County Selling Agent 2012-2013

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January 2013 Closings, The Sandi Bauman Team at Chico Homes Real Estate Sales

The Sandi Bauman Team Stats for January

Everybody says January is a slow month for sales. We beg to differ. See below.

Many potential sellers have been waiting for the distressed market to run it’s course, so that property values would stabilize and begin to recover. If you’re one of those homeowners, the Chico real estate market finally has good news for you!  Chico prices have improved by about 5.7% in the past 12 months. Combine that with super low interest rates and reduced inventory, and we might be looking at the exact opportunity that many homeowners have been waiting for.

One of the most important decisions a seller has to make, aside from timing, is which Realtor they should entrust to list, market, and negotiate their property.

What is important to consider when partnering with a professional? Do you need a big box, commercialized brand that feels familiar? Will a fleet of agents working for the company instill a sense of confidence? Should the Realtor have the shiniest car in the lot?  Open houses all weekend?  Is their website the deciding factor?  A snazzy name tag?

The Sandi Bauman Team at Chico Homes is a little non-traditional. Some would say that we buck the system a bit. Truth be told, we kind of like it that way, because it works for us and our clients. Because we think outside the box, our compact team packs a serious punch. With one dedicated listing broker, three committed buyer specialists, and three top notch transaction coordinators, we often out-perform the offices with agent counts of 30 or more. We’ve chosen to focus our skills, streamline our systems, and dedicated ourselves to providing a refined service. Perhaps most importantly, we truly CARE that we are doing the best possible job that we know how to do for our clients.

Ready to list?

Year to date, we’ve outperformed our competiton 3 to 1 on the listing side. It would be our pleasure and privilege to make YOUR story OUR next success story.

Call Top Chico Listing Agent Sandi Bauman! 530-864-5407.

1. 797 College Hill, Paradise Buyer/Seller $135000
2. 14888 Carnegie, Magalia Seller $54500
3. 4907 O’Donnell, Forest Ranch Buyer/Seller $61000
4. 2139 Ceres, Chico Seller $189900
5. 13617 Lander, Magalia Seller $46000
6. 1194 Gossamer, Chico Seller $194000
7. 950 East, Chico Seller $310000
8. 6397 Zuckerman, Magalia Buyer $74500
9. 6366 Zuckerman, Magalia Seller $67600
10. 1769 Stark, Paradise Buyer/Seller $86000
11. 1201 Palm, Chico Seller $180000
12. 39 River Bluff, Oroville Seller $100000
13. 515 Eden, Paradise Buyer $95000
14. 17184 Manzanita, Sterling City Buyer/Seller $51300
15. 656 E 20th, Chico Buyer $115500
16. 3785 White Springs, Paradise Seller $212900
17. 6165 Some, Magalia Buyer/Seller $73000
18. 741 Gardella, Oroville Seller $72100
19. 5785 Copeland, Paradise Buyer/Seller $61199
20. 680 El Varano, Chico Buyer $160000
1. 286 Torry, Oroville Seller $196225
2. 8899 Skyway, Paradise Seller $7490000
3. 9244 Cohasset, Cohasset Seller $89900
4. 14858 Colter, Magalia Seller $109900
5. 196 Vista Del Rio, Gridley Seller $119900
6. 2300 Kennedy, Chico Buyer/Seller $194000
7. 9491 Perkins, Dayton Seller $129900
8. 4520 Lower Wyandotte, Oroville Seller $133500
9. 6366 Zuckerman, Magalia Seller $67600
10. 375 W Lassen #11, Chico Seller $139900
11. 3033 Burnap, Chico Buyer/Seller $139900
12. 5465 Princeton, Paradise Seller $139900
13. 6439 Gregory, Paradise Seller $154900
14. 2 Olympus, Chico Seller $169990
15. 1940 Indiana, Gridley Seller $174900
16. 1919 Feather, Oroville Seller $194900
17. 15 Melrose, Oroville Seller $209900
18. 741 Gardella, Oroville Seller $72100
19. 10 Shari, Chico Seller $244125
20. 449 Sequoyah, Chico Seller $249900
21. 2625 Vistamont, Chico Seller $249900
22. 1114 Nord Chico Buyer $85000
23. 449 Sequoyah, Chico Seller $249900
24. 1481 Filbert, Chico Buyer $190000
25. 20 Wrangler, Chico Buyer $109000
26. 13973 Jarvis, Magalia Buyer $114900
27. 5150 Oak Haven, Chico Buyer $379000
28. 1319 Elliott, Magalia Buyer $197000
29. 5660 Lower Wyandotte, Oroville Buyer $79900
30. 1919 Feather, Oroville Seller $194900
31. 4520 Lower Wyandotte, Oroville Seller $133500
32. 2165 Mariposa, Chico Buyer $159900
33. 3669 Hildale, Oroville Buyer $169900

Our comprehensive online marketing system is proven to get solid results! A couple of our fave sites to expose my listings:

Call Sandi! 530-864-5407.

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Happy New Chico Homeowners!

There are days that I’m reminded of how much I LOVE my job of helping people buy and sell Chico real estate.

Heartfelt congrats go out to Shaun, Kristina and Julian!  Your patience and perseverance paid off!!

Happy new Chico homeowners

Some price ranges in the Chico real estate market are crazy competitive right now.  As a first time home buyer, it can be very difficult to get your offer accepted!  It seems there is always an investor with cash swooping in, or a buyer that’s willing to pay $20k over the actual market value of the house.  Yep….  that’s right.  We are seeing buyers bring in extra cash to close when a house doesn’t appraise for the sales price.

If you’re not an investor, and you don’t want to over pay for a house, how do you get your offer accepted?

1.  Make sure you are pre-approved. I don’t want to see a pre-qualification letter, I want to see a pre-approval letter from a reputable professional with a proven track record!  It’s important that the listing agent has confidence that you’re financially capable of closing, and that the lender is actually going to make it happen.  DO NOT UNDERESTIMATE the importance of this step.  My sellers sometimes ask me to make a judgement call between two very similar offers.  One of the first things I consider is the professionalism and capability of the lender, and  my past experience with them.  Putting the two lenders side by side can sometimes make what appears to be a difficult decision between offers VERY easy!

2.  Make sure you are working with a reputable Chico buyer’s agent. One of the factors the listing agent should be considering when advising their client is the reputation and skill level of the buyer’s agent.  The highest offer doesn’t always win!  If your offer is poorly written, poorly presented, your agent has a bad attitude or a reputation of not playing well with others, your high offer might hit the can and you’ll never understand why. It’s the seller’s prerogative to take the highest and/or BEST offer.  The seller wants to close the deal with the least headache possible.  The agent you choose to represent you is one of the most important decisions you will make in the process.

3.  Educate yourself on what is available in your price range. In order for you to be able to recognize a good deal when you see one, you need to know what is out there in your price range.  Sometimes it takes time.  You need to view the listings that your Realtor is sending you closely.  Take the time to drive by the ones that catch your interest.  Pay attention to the condition of the exterior.  Pay attention to the neighborhood and surrounding properties.  How close is the house to a major thoroughfare?  A grocery store?  A bar? A homeless shelter?  A school?  The neighborhood crack house?  At every opportunity, frequent open houses and tour the properties that interest you with your Realtor.   To make a rapid decision with confidence, you need to have a foundation of knowledge.

4.  You’ve carefully chosen a Realtor to represent you.  Now you need to trust them. It’s your agent’s job to know the nuances of negotiating REO, short sales, probate, auctions, and various retail transactions.  They may suggest that you offer over asking price, way below asking price, wait to present an offer, not offer at all,  or immediately drop everything to get your offer in!  Always trust your gut first.  After that, listen to your Realtor and heed the advice given.

Happy house hunting!

Ready to begin, but haven’t yet partnered with a Realtor?  The Sandi Bauman Team! at Chico Homes would consider it a pleasure and a privilege to assist you with the process.  Our dynamic team of buyer specialists will offer you highly personalized and professional service every step of the way.   Call Sandi 530-864-5407 or email [email protected] to get started!

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Chico CA Real Estate Market Report for Spring 2008

The Chico Real Estate Market is Changing!

Although a steady decline of local home prices over the last several months has been reported there’s a change of direction in last months statistics. For the first time in months the median and average home price in the Chico area is in the black. 

The Chico area’s median price was up at $272,500 from March at $267,000. Median price refers to the exact middle point of all the homes sold in that month or given period. The average price in April was up at $340,881 from $311,232 in March. Average price is defined as combining the sales prices of all the sales for a given period and dividing by the number of unit sales for that period.

In addition to this good news, the number of residential Chico area units sold was up significantly at 80 in April in contrast to March sales at 45. Of course many would say that this increase of number of sales is due to the traditional increase caused by seasonal changes, and they would be right. The overall increase in sales of residential units has little to do with the median and average home prices.

So, are we on the road to recovery? A little early to tell, but many economists and analysts are indicating trends in that direction. Michael Feder, CEO of Radar Logic, Inc., a reputable company known for statistical reporting of national and regional sales data and trends, recently stated on that several national metropolitan areas not only showed signs of stabilization, but actual significant price increases in recent months. New York’s borough of Manhattan, Houston, Dallas, Virginia Beach, Seattle, Charlotte, Salt Lake City, Austin and Buffalo all have reported gains in recent months. Even our local neighbor, San Francisco, demand exceeded supply and median and average sales prices posted increases.

When taken into perspective, all the sensationally negative news is really only taking into account recent year over year sales data, which is indeed somewhat depressing, especially to folks who purchased during the housing boom of 2004 to 2006.

In ancient times when I began my real estate career, my mentor first told me that real estate is a long term investment and that I should be certain that my customers understood this basic principle. Along the line we forgot this concept and rushed to buy real estate at inflated prices in order to make a quick buck or just get in while the getting was good.

Prices have come down the last year, but when looked at over a five year perspective, homes nationally have appreciated at 4.7 percent annually.

Even neighbor Sacramento/Roseville, one of the hardest hit areas in the country, experienced a 1.5 percent increase in home prices over the last five years. In fact, of all the national Metropolitan Statistical Areas (MSA’s), only Detroit, Cleveland and Denver reported decreases in homes sales prices when calculated over the last five years. Michael Feder expressed optimism without forecasting by saying that home prices should improve based on Financial Services Committee Chairman, Barney Frank’s commitment to reopen the mortgage credit conduit.

In Chico, we are seeing a re-emergence of  FHA mortgage loans thus enabling credit worthy buyers in our area to purchase with less that the standard twenty percent down payment.

And a reminder, with over fifty million mortgaged homes in this nation, less than two percent are in peril of foreclosure at this time. It is certainly apparent that these foreclosure sales when calculated in the the homes sales data and indexes are really what are influencing current market prices. Equally apparent is the Federal governments determination to come to the assistance of these desperate homeowners with a variety of programs to stem off the flow.

There’s no doubt that nationally, statewide and locally here in Chico CA, real estate investments have been rendered a strong blow, but the wound is healing.

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Sandi Bauman (Chico Homes): Real Estate Agent in Chico, Butte County, California
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