Chico Real Estate Market Snaphot
May 23rd, 2008 categories: Market Report
Snapshot Comparison: Average Sold Prices for Chico, CA
1st Quarter 2008:
- 132 Single Family Homes Sold
- Average price of $340,955
- Median price of $292,000
- Average Days on Market, 91
1st Quarter 2007:
- 207 Single Family Homes Sold
- Average price of $366,835
- Median price of $330,500
- Average Days on Market, 92
1st Quarter 2006:
- 187 Single Family Homes Sold
- Average price of $374,134
- Median price of $339,000
- Average Days on Market, 69
Analysis:
The Chico, CA real estate market has experienced continued home price declines in home values as reported during the 1st quarter of the past two years.
- 7% reduction in price from 1st Qtr. 2007 to 1st Qtr. 2008
- 2% reduction in price from 1st Qtr. 2006 to 1st Qtr. 2007
That’s a total of only 9% reduction in average home values comparing 1st Qtr. 2006 to 1st Qtr. 2008, indicating a healthy market correction, but certainly not a collapse in Chico, CA home values. Look for further analysis here as I will compare our local figures with others around the region and the nation.
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2221 Danbury Way, Chico, CA
April 3rd, 2008 categories: Pick of The Week
Listed at $285,000, at 1,247 square feet, this modest and understated, 3 bedroom, 2 bath home, built 1966 sits on .14 of an acre. The price per sq. ft. at the listing price is, $228.55.
I like this home for a number of reasons. The 2 car garage does not face the street (improving the homes’ “curb appeal”). Although the roof is wood shingle, the design and pitch are attractive. While the home is not large, the layout is functional and open. Granite coutertops and hardwood floors add to the appeal and value.
And, perhaps best, is the sliding glass door in the master bedroom that opens to the inviting inground swimming pool in the rear yard. It is located in an established Chico neighborhood.
This would be a terrific home for the first time home buyer. Thanks for visiting this “Pick of The Week”!
Contact me for a showing.
Listed by, Lisa Lawrie at Homelink
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