About Butte County, CA

Today marks the launch of Chico Real Estate Trends, a blog featured on the local newspaper, Chico Enterprise Record's blog -NorCal Blogs! I will be posting information on our current real estate market.

Today marks the launch of Chico Real Estate Trends-To start I am looking at the Chico real estate market yearend review for 2011-specifically, the single family residence market. For added reference I will refer back to statistics that are taken during the peak of our market-second quarter of 2006, as well as the statistics from the prior year.

As far as quantity of homes sold during the 2011 year-it wasn't all that bad. There was actually an increase over 2010's total units sold. In 2010, there were 760 homes sold with approximately 53% of that number sold as a "distressed property"-that is either foreclosed, in the process of foreclosure and/or being sold as a short sale. The average sales price for 2010 was $277,456 with a median sales price of $250,000. By 2011 year end, there were 860 homes sold-an increase of approximately 11%, with about 46% of the properties sold being in a distressed status. Both the median and average sales prices for Chico declined from the previous year. The median sales price in 2011 ended at $225,000-an approximately 10% drop; while the average sales price decreased to $252,558 or approximately 8%.

Chico's peak hit during the second quarter of 2006. During that quarter the average sales price was $376,308 with a median sales price of $345,000-a nearly 33% decrease on average and just under 35% decrease on median sales prices compared to 2011.

Currently Chico has 216 active single family residences for sale, with 56 or approximately 26% of those being distressed properties. At the current rate of sale, we are down to approximately 3 months of inventory!

A Single Woman's Guide To Home Ownership

The traditional view of home ownership usually includes a married couple, but times have changed, and more and more single women are entering the housing market. In fact, almost twice as many single women are purchasing homes than single men, and almost one in five homes purchased today are purchased by single women. So why are single women making up such a large part of the housing market, and what are the special considerations single women should make when purchasing a home?

What Women Want!

The demographics of single women buying homes are quite diverse. From young professional women in their 20s to divorced mothers in their 40s, there are really no typical single women making home purchases, and their needs are just as diverse. Overall, however, there do appear to be a few trends in the market, and here is a list of what the average single woman is looking for in a new home.

• Most spend less than $200,000
• Prefer two bedrooms or more
• Less likely to choose new construction
• Will compromise size and cost to get other amenities, but not location
• Smaller spaces are acceptable, and many prefer condos
• Desire security and safe neighborhoods with a strong community feel
• Look for close proximity to stores, shopping, and fitness centers

Things To Consider

If you are a single woman looking to enter the housing market, or know someone who is, then what should be considered before making the leap into home ownership?

Essentially the considerations are much the same as those of any homeowner. Taking a realistic look at your financial situation is always important. Seeking out the advice of a qualified REALTOR® can make the process less difficult. It is also important to have a clear picture of what your needs as a homeowner are and that you don't settle for something that will not work with your particular lifestyle.

Contact me today: 530-413-8383 or use my contact form.

Why buy high and sell low? Avoid rent increases.

I think you’d probably agree that the worst investing advice in the world is: Buy high, sell low. That’s the very definition of losing money on an investment, right?

So let me ask you: Why would you wait for the housing market to improve before buying a house?

I understand there’s a lot of uncertainty out there. Job security is questionable, unemployment is high, and you’re not sure what it takes to get pre-approved for a home loan. It’s scary. But here’s the thing: Letting fear dictate your financial strategy for the future is a guaranteed way to pay too much for a house in the years to come.

Put fear aside for just a moment. Here are some facts:

- Interest rates are at or close to historic lows

- Prices for homes have plunged to the lowest levels we’ve seen in a generation

- Bank and government-owned property inventory is at an all-time high

- Rents are rising and rental inventory is shrinking (limited rental options!)

Shouldn’t you, rather than your landlord, be the one who benefits from owning a home? Right now is the “buy low” in the “buy low / sell high” cycle. Every day I help renters explore their purchasing power. You might be surprised just how qualified you are for home ownership.

If you’re curious simply use my contact form or drop me a line at 530-413-8383 and I’d be glad to have a no-obligation conversation about how you could own your own home.

Tammy Vertrees

P.S. If you’re curious to see what homes are available right now, visit: Home Search

Discover how You Can Have A LOW Home Payment – Free Information!

I will show you how to achieve your dream of owning
a home so you can STOP making your landlord rich!

Contact me today: 530-413-8383 or use my contact form.

Home Search: Click Here

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Paradise Skypark CA92 is a unique part of California's real estate market including approximately 30 other communities that are designed for residents that are passionate about aviation. The airport is privately owned providing hangars, tiedowns and limited services for tenants. The airport is home to an active flying club known as, " The Birds Of Paradise" hosting weekly fly ins and fly outs to local airports.

CA92 Paradise Skypark is located in the community of Paradise, CA. The Town of Paradise was voted one of the top 10 places to retire. Those familiar with the Lake Tahoe area will recognize the alpine feel of the area, but will enjoy the milder winter weather. The region abounds with recreational and cultural opportunities.

The California North State provides several opportunities for pilots to own their own home with airport access. These properties range from airport communities with upscale homes including adjoining hangars to rural communities with limited RV uses. Opportunities also exist to choose lots and design and build custom homes with hangars creating your dream of a California Airport Home.

Current homes for sale: 0

Last Sold: 1

List Price: $339,000

Square Footage: 2,468

Acres: 20

Runway 17/35 Dimensions: 3017 x 60 ft. / 920 x 18 m Surface: asphalt, in good condition Runway edge lights: low intensity RUNWAY 17 RUNWAY 35 Latitude: 39-42.882295N 39-42.385590N Longitude: 121-36.982727W 121-36.998743W Elevation: 1346.8 ft.

California Airport Airparks: California provides numerous opportunities for pilots to own their own home with airport access. These properties range from airport communities with upscale homes including adjoining hangars to rural communities with limited RV uses. Opportunities also exist to choose lots and design and build custom homes with hangars creating your dream of a California Airport Home.

Sellers: Considering The Sale Of Your Airport Airpark Home? Please Contact Chain Real Estate For A FREE Market Analysis Because:

Buyers: We maintain a database of airport airpark properties that are "under the radar" so to speak. Feel free to contact us.

0Q5 Shelter Cove Airport , Shelter Cove, CA

O86 Trinity Center Airport, Trinity Center, CA

Information deemed reliable on date of publication, but not guaranteed,not for navigation/ source: crmls/

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