Chico Real Estate Inventory Is LOW. List Now.
January 10th, 2017 Categories: Chico CA Real Estate Market Stats
Chico’s home inventory level is LOW! If you’ve been kicking around the idea of selling, now is the time to call us for a FREE Home Valuation.
Just how low is LOW?
Well, as of this morning, there were only 128 single family detached homes still available in Chico. In my 12 years of real estate, I do not recall inventory ever being this low. Last January we had 229!
To put that 128 number into perspective, 77 homes sold in Chico in November, and 55 sold in December. At the rate which homes are selling, if no new homes were to come on the market in Chico, we would not have any inventory to sell after about a month!
Suffice it to say, buyer’s agents are working extra hard to find properties to suit their buyer’s needs. When a property is priced correctly, it is likely receiving multiple offers in a short amount of time. If buyers and agents aren’t right on top of it, they will miss the sale.
Average days on market? 18
Sale price compared to original price? 99.7%
Median Sales Price? $310,000. That statistic is up 6% from January 2015.
LIST YOUR HOME NOW TO TAKE ADVANTAGE OF LOW INVENTORY
Traditional wisdom tells us that the best time to list is in the spring. After all, the flowers are blooming, the grass is green, the birds are chirping. Unfortunately, a large number of other Chico sellers will be putting their homes on the market at the same time. Why wait until there is more competition?
Ready to sell?
Please call Sandi Bauman at 530-864-5407 or email [email protected].
It would be my pleasure to discuss your unique property and potential market value.
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Chico Real Estate Inventory is DOWN! List Now.
January 3rd, 2013 Categories: Chico Sellers
One question that I usually hear when I’m out on a listing appointment is “How do we know when it’s the right time to list our house?”
The question becomes even more pointed at this time of the year. Traditional wisdom tells us that the best time to list is in the spring. The flowers are blooming, the grass is green, the birds are chirping…. AND a large number of other Chico sellers will be putting their homes on the market all at once. I’ve never really understood the rationale of putting a new listing on the market based on the time of the year. Historically, the last quarter is always the busiest time for my office. You know, the period that includes Halloween, Thanksgiving, and Christmas? The time of the year that is supposed to be the WORST time to sell a home because buyers are distracted with family, school vacations, shopping and travel. December 2011 was the single highest month for closed sales in my history. December 2012 resulted in over 30 pending sides for our tiny team.
My point is this: I don’t buy into the tradition of listing in the spring. If you’re looking to sell your home in 2013, my advice is to put it on the market as soon as you can get it ready. Interest rates are historically low, and the inventory levels in Chico are leaving a lot of buyers dissatisfied with their options. Inventory is lower now than it has been for the past 12 months. Actually, the last time we had less inventory was July of 2005! Less inventory means less competition for your property!
Ready to sell? Call Sandi Bauman, the Top Chico Listing Agent for guidance. In 2011, Sandi Bauman and her Team sold more than 170 properties. The average Chico Realtor sold 5. It would be our pleasure and privilege to discuss your unique property. Call 530-864-5407 or email [email protected].
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