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Country Heights ~ Premier View Community ~ Marketing Trend Report YTD 9/08

Country Heights is a beautiful community located on the hills in Northeast Redding. View of all the mountain ranges and many home back to canyon views. This community is all about quality and views. With affordable prices, Country Heights is one of Redding Premier communities.

Actives

Closed

The *averaged pricing for Country Heights is as follows:

Low Closed $265,000, low Pending $245,000, low Active $250,000.

Average Closed $334,950, average Pending $259,750, average Active $339,000.

Median Closed $320,000, median Pending $250,000, median Active $309,000.

High Closed $495,000, high Pending 289,000, high Active $599,000.

Average Square Footage 1,904

Average Per Square Foot List $172

Average Per Square Foot Sold $168

Average DOM 108

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What this means for the current market is that homes that were priced in the $400,000 to $500,000 range are now priced at $250,000 to $500,000. That is a large spread in price. The opportunity is there but the need to do the numbers and a Comparable Market Analysis is critical. Not all sellers are understand the trending market and knowing market value becomes more critical than ever. Make sure that your Realtor is willing to work with you to show you and define for you what market value is in the area you intend to purchase in. We do have opportunity in this market!
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I am Jeanean Gendrona and you can reach me at 530 276-7417. I answer my phone. Visit our websites to learn about Redding and Shasta County Real Estate.

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Posted Saturday Aug 30