Redding CA - Redding Real Estate Market Report - Buyer or Seller's Market - October 2011!

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Real Estate Agent with Real Living, Real Estate Professionals BRE#01299346

Redding CA - Redding Real Estate Market Report for October 2011, we are seeing some changes in the real estate market here in Redding, CA. In the last two months our inventory has been dropping. We are seeing a significant change in inventory. Redding Active Listings in 2010 for the Month of October was 765 and for October 2011 it is 427. This looks like a game changer. We are seeing a busy market on the lower end with multiple offers on well priced properties. This may be the beginning of a changing market trend from a Buyer's Market to a Seller's Market.

Here is a look at the Month of October.

Redding CA - Real Estate Market Report - October 2011!

Our numbers are show the biggest change in iventory over 2010 with 100 Sold, 765 Active and 99 Pending. Our prices continue to drop with a Per Square Foot Price in Q3 or 2009 at $134.62 to a Per Square Foot Price in the month of October, 2011 being $104.32.

Redding Real Estate Market Report - Jeanean Gendron

With the Average sales price in Q3 or 2009 being $234,175 as compared to the month of October, 2011 we see a new Average sales price of $176,256. A loss in value of approximately 23%. We also see a variance of about 12% in List Price versus Sales Price, a trend common in a Buyer's Market.

Real Estate still remains an extremely viable and attractive investment market for long term investment. With the many tax advantages and means to defer taxes through 1031 Exchange, you continue to have a viable means to build generational wealth. Call today and we can talk about your goals and how you can establish generational wealth for the future.

I am Jeanean Gendron, and I have taken training and achieved designations to help you reach your goals. I hold CIAS (Certified Investor Agent Specialist) designation. It is my pleasure to be helping my clients achieve their real estate goals

.CIAS Designation

CIAS Designation Tagline

 

An example of a typical goal and how it is achieved follows.

A newly married couple has started their family and have a new baby. They have a financial goal to invest for their baby's college fund. They purchase a Single Family Residential property that will be an attractive rental. It is a 3 bedroom, 2 bath home with a 2 car garage.

Investment Property Purchased at $95,000

$23,750 = $25% Down + $2,881 in Closing Cost and $5000 in Repairs

PI = $382, I = $27, T = $98, PITI = $509

Gross Operating Income (GOI) = $1045.00 with a vacancy rate of .05%

Net Operating Income (NOI) = $720

Cap Rate (Capitialzation Rate) = 9.09% or .0909

Debt Service Ratio (DSR) = 1.41 (should be greater than 1.2)

Cash Flow = Monthly $536, Yearly $6,432.00

Cash-on-Cash Return (CCR) = 20.3%

With a positive cash flow and not considering appreciation, the return on their investment over 18 years will net them $115,776.00. They have achieved their goal.

In addition, they have now begun to establish generational wealth and have a "cash flow" producing asset. Through the means of 1031 Exchange they now have a vehicle to continue to acquire properties and defer taxes. One additional benefit is that IRA savings can be moved into Self-Directed IRAs and used to purchase real estate.

Call today and learn more about investing in real estate.

I am Jeanean Gendron, your Redding and Shasta County Specialist.

You can reach me at 530 276-7417. I answer my phone.

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Topic:
Real Estate General Information
Location:
California Shasta County Redding
Groups:
Investment Property (USA)
Posts to Localism
Tags:
redding ca
redding real estate market report
october 2011
jeanean gendron cias
certified investor agent specialist
investors

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Jeanean and David Gendron
Specializing in Selling Unique Properties
Real Living, Real Estate Professionals

Scott, the formula to get CCR is Cash Flow divided by Total Cash Investment = CCR. Hope this helps. I took the CIAS course and it provides you with all the resources you need to help investors. I knew it all but putting those resources together takes so much time....they hand it to you in one nice package. I cannot say enough about the course or Alex Charfin. Top notch!

November 06, 2011 07:57 AM
Ambassador
611,179
Jeanean and David Gendron
Specializing in Selling Unique Properties
Real Living, Real Estate Professionals

Hello Michael, thanks for the visit. I get board with market reports....the data is good but....I love visuals. Deb Janes inspired me to try some new creative means to share my market data. I enjoyed the effort and now maybe I can get myself back into market reports. Have a wonderful day. Still shopping for my outdoor rug for my Courtyard. It will be the main focal point. Excited. Have a beautiful day!

November 06, 2011 08:00 AM
Ambassador
611,179
Jeanean and David Gendron
Specializing in Selling Unique Properties
Real Living, Real Estate Professionals

Hello Roy, yes Buyer are fortunate in this market with good prices and very good interest rates. I am fortunate that you come to see me and leave me with a beautiful flower. Have a wonderful Sunday!

November 06, 2011 08:01 AM
Ambassador
611,179
Jeanean and David Gendron
Specializing in Selling Unique Properties
Real Living, Real Estate Professionals

Hello Kwee,

Thanks for coming for a visit. It is never a perfect balance in real estate...always a problem on one side. With less investory, Agents are scrambling to find good houses for their clients. It's nice for listing agents like me, I do work with buyers but only when they are referred to me. It has been a long hard road for listing properties unless they were distressed properties and even then you had to make sure and get the price right. I've sold all my listings except on the higher end. I like it! Have a beautiful day!

November 06, 2011 08:06 AM
Ambassador
611,179
Jeanean and David Gendron
Specializing in Selling Unique Properties
Real Living, Real Estate Professionals

Hello Sandy, it's nice to have your finger on the pulse of the market. It's hard work but necessary. Doing short sales and REOs provide me a great opportunity to understand the dynamics of the market. Thanks for the visit and I'll come soon for my "Sunset" fix. Have a beautiful Sunday!

November 06, 2011 08:07 AM
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