The California Association of Realtors (C.A.R.) has posted an easy to read (although, rather lengthy), content-rich article explaining many key components of new Federal and State Housing Stimulus Laws for 2009, that should be valuable to anyone looking to buy a home in the coming months.  Key po...
40 Single Family Homes sold in Chico during the short month of February Average Sold Price: $271,589, down 8% from January Median Sold Price: $253,000, down 3% from January Average Days on Market: 67 days, selling 13% faster than previous month Homes sold, on average, for more than 93% of list pr...
As a Real Estate Broker in Chico, California, I see many people moving out of, or into, their homes.  None, however, have been so eagerly anticipated and watched as Obama's "BIG" move into the White House today.  So, I would like to say, "Aloha Mr. Bush" and "Aloha President Obama!"  I wish you ...
Every once in a while, I see something that really gets under my skin, pisses me off, and reminds me that there are some real idiots out there. This morning, on my way to the office, I passed by my neighbors car parked in front of their home and was disgusted to see the vandalism shown in the pi...
The new year... or maybe better, the end of an old year, gives us an opportunity to take a look back at the Chico housing market, compare some past housing numbers and try to spot any trends that may help us see where we could be headed in the future.  So, let's take a look... Total Sold     1st ...
What the Chico Housing market looks like NOW There are currently 363 Single Family Homes for sale in Chico.  21 of those are Bank Owned (REO's) and 54 are Short Sales.  67 Homes are Pending, accounting for an 18% absorption rate. Housing inventory tightens up On September 30, 2008, I reported 463...
  The strangest thing happened to me the other day...   One of the first of many "catch up" things I had to do upon return from my 10 day vacation to Hawaii (more on that later) was to retrieve my mail that was being held for me at the main post office in downtown Chico.  Now, you have to underst...
A closer look... In my previous blog post, REO's, Short Sales, or a Good Ol' Straight Deal?, I laid out some interesting 2nd Qtr. figures relating to REO's, Short Sales, and, what I referred to as a, "Good Ol' Straight Deal" (describing a conventional arms length transaction between two parties,...
What the Chico, CA housing market looks like NOW: Currently, there are 463 Active single family homes for sale in Chico.  23 of those are REO's (Real Estate Owned-Bank owned following foreclosure), 48 are Short Sales. What the 2nd Quarter looked like: 242 homes sold during Q2 of 2008.  Of those, ...
Today in Chico, CA, there are 446 active single family homes available on the market as indicated in the Sierra North Valley MLS. 92 homes are currently pending sale, representing a 21% absorption rate. During the month of August: 68 single family homes were reported sold, Average sale price, $30...

Shannon Karlstrom

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