Chico, CA Real Estate News

By Suzi Enders, Paradise California Realtor
(North Star Real Estate)
One of the favorite things to do is to enjoy concerts in the part in Chico, Ca.   Music fills the City plaza on selected summer evenings.  Every type of music from jazz to swingcounty even raggae will keep your toes tapping or bring about the mood for a little dance.   Another very entertaining activiity is Movies in the Park at the One Mile Recreation Area in Chico's Bidwell Park.  Come and enjoy a variety of childrens favorites including "The Great Muppet Caper", "The Never Ending Story" and "The Bee Movie".  These will delight! For times, dates and showings, visit www.chicoer.com.      
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By Shannon Karlstrom
(Aloha Realty)
Depreciation slows as sales activity picks up and Chico houses sell faster! 2nd Quarter 2008: 242 Single Family Homes Sold Average price of $339,282 Median price of $289,750 Average Days on Market, 65 1st Quarter 2008:* 133 Single Family Homes Sold Average price of $341,549 Median price of $292,000 Average Days on Market, 92 *Revised slightly from my market snapshot posted on May 23, 2008 Despite a barrage of negative financial and housing news, the Chico real estate market appears strong. IndyMac Bank may be down the tubes. Fannie Mae and Freddie Mac are getting help from the government in an attempt to stave off investor worries. And, perhaps scariest of all, Budweiser, the all American "King of Beers", is being taken over by a Belgian company! But, as the numbers show, the Chico, CA ...
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By Ryan Vaught
(Ryan Vaught Real Estate)
Over the years I have put together a few tips for my sellers. Here are the top 8 steps to selling your home. Starting with what you need and why, and ending with closing. The more informed a seller is the better I can help them get to their next home. Define your needs. Write down all the reasons for selling your home. Ask yourself, "Why do I want to sell and what do I expect to accomplish with the sale?" For example, a growing family may prompt your need for a larger home, or a job opportunity in another city may necessitate a move. For your goals, write down if you'd like to sell your house within a certain time frame or make a particular profit margin. Work with your real estate agent to map out the best path to achieve your objectives and set a realistic time frame for the sale. Nam...
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By Sandi Bauman, Chico CA Realtor
(Chico Homes Real Estate)
  Search for ALL Chico foreclosure listings! Chico, Paradise, Magalia, Oroville, Orland, Willows Home Search Links Search for Additional Chico Foreclosures Photo Gallery Description This property will be irresistible for those savvy investors looking for a GREAT fixer. Lots of square footage here for the money! Located on a great big fenced lot in town, on a wide, shady street. Original hardwood, some newer windows, and 3 bonus rooms. Features Bedrooms: 3 Bathrooms: 1.25 Year Built: 1950 Lot Size: .34 Acres Garage Size: Converted Square Footage: 1398 Agent Name: Sandi Bauman Broker: Chico Homes MLS #: 200803746 Location 852 Lindo Lane Chico CA Powered by vFlyer.com vFlyerId: 1620566 MUST HAVE information: Foreclosures: What you should know BEFORE you make an offer, Part 1 Foreclosures: ...
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By Shannon Karlstrom
(Aloha Realty)
Since the previous Market Report 5/12/2008: 27 Single Family Homes have sold in the greater Chico, CA area with an average sales price of, $306,052 and a median sales price of, $285,000. Average days on market of those sold was 53. The most active market with 4 homes sold, was the $280,000 to $284,999 price range. These figures reflect a 21% decrease in sales activity from the previous 2 week period, a 9% decrease in average sale price and 3% decrease in median sales price. Average days on market improved substantially, from 79 to 53, representing a 33% reduction in days on market for homes sold. Currently: 440 Single Family Homes are for sale (including those reported as contingent and temporarily off market). 121 Homes are Pending sale. Average days on market of available homes is, 1...
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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 three 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 1...
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By Shannon Karlstrom
(Aloha Realty)
Here in Chico, California, we are lucky to have so many great resources for fun and leisure. One of the best resources to learn or to develop a new skill or hobie, is the Chico Area Recreation and Parks District (C.A.R.D). Their motto is, “Helping People Play”.  And, that is just what they do. This week will be the last of a 3 week (6 session) class for learning the basics of tennis I have enjoyed with my wife, mother-in-law, and about 10 other folks. We have really enjoyed the classes taught by, patient and entertaining, tennis instructor, Jerry Brayton. But, the best part could very well be the free use of the ball machine that cranks out ball after ball. Classes meet Tuesdays and Thursdays, 6:30 to about 7:30pm at the Community Park Tennis Courts… check their website for future clas...
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By Shannon Karlstrom
(Aloha Realty)
  "I Heard on the news that the Real Estate Market will continue to Decline, so I'm going to wait and see What Happens Before I Buy" You know what I'm talking about. You've probably heard something similar to this from clients dozens of times in recent months. Or, you've heard it from friends and colleagues. It is the kind of attitude that frustrates markets and stagnates economies. But, it works both ways. Think back, if you will, to the frenzied activity of just a few short years ago. Back then, when the real estate market was really cooking, the "buzz" was about enormous value gains and fortunes being made. These reports-stimulated by the media- helped to fuel the biggest real estate boom in history. Consumers were driven, despite rationality in many instances, to to jump in and buy...
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By Shannon Karlstrom
(Aloha Realty)
About 3,500 cyclists came to Chico to ride the 27th annual Wildflower Century this year, which has become recognized as one of the premier distance rides around. Although, as its name implies, the Wildflower Century does offer a 100 mile loop, the event also offers shorter options for folks looking to spin their wheels a few less revolutions. The 65 mile loop, known as the Mildflower, the 30 to 60 mile loop called the Flatflower, and the 15 mile pedal-the Childflower. The “Big Daddy” ride begins in Chico, travels through beautiful Butte Creek Canyon on Honey Run Rd., to Paradise, south to Table Mountain, and back on the flats through Durham and back to Chico. The ride does have its share of climbs, especially the short, but steep climb up Honey Run. That baby should definitely make the ...
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By Shannon Karlstrom
(Aloha Realty)
Since the last Market Report 4/28/2008: 34 single family homes have sold. 3 Condos have been reported sold. The average price of Single Family Homes sold: $334,728. Median Price: $293,500. Average Days on Market: 79. Currently: 425 Single Family Homes and 43 Condos are for sale. 120 Homes are Pending sale. 8 condos are Pending Sale. The ratio of pending sales to active listings is 28% (down 2% from two weeks ago). “Upper End” Market Snapshot (Figures for homes sold above $600,000): 1st Quarter 2007. 18 homes sold with an average price of $748,640 and a median price of $738,000. Days on Market, 154. 2nd Quarter 2007. 26 homes sold with an average price of $758,902 and a median price of $756,232. Days on Market, 133. Read More... Chico Real Estate Voice
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By Shannon Karlstrom
(Aloha Realty)
This beautiful Chico weekend had me… and most everyone else… outdoors and enjoying the sun with friends, family, and dogs. On Friday my wife and I took our mini-wiener to one of Chico’s “best kept secrets”, the Tree Farm (aka, Chico Tree Improvement Center and, most formally, Genetic Resource and Conservation Center) to let the dog run and to take a break from the hustle and bustle. It was a visit that I haven’t made for quite a while and what I discovered is that this place is no longer the “secret spot” I remembered. I guess I shouldn’t have been surprised. I had heard that it had become a popular place for people to take their dogs for off-leash walks. But, seeing just how popular it has become was a real eye-opener. Back in the day (am I really saying that?), I spent many, many days...
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By Sandi Bauman, Chico CA Realtor
(Chico Homes Real Estate)
 by Mike Wiegert This post is dedicated to providing information on making Chico a little “greener” by giving information on eco-friendly products, services and practices available to all of us. Are you in a quandary about what material to use to replace existing countertops or install in a newly built home? The variety of products for counter tops is a virtual smorgasbord of surfaces ranging from rich choices in granite and marble to concrete to a wide variety of tile and slate. How about broken glass for an option? Yes, it’s true, recycled glass counter tops are available in a host of visual choices from subdued to ultra flashy. Want to check it out? Granite Transformations right here in south Chico has a wide variety of recycled glass products. Local owner, Don Thomas also reminded ...
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By Sandi Bauman, Chico CA Realtor
(Chico Homes Real Estate)
News Release BAUMAN ATTENDS SPECIAL TRAINING, BUILDS EXPERTISE IN CHICO LUXURY HOME MARKET   Chico, CA 4/14/2008 -- Sandi Bauman with Chico Homes recently completed a luxury home marketing training course. The Institute for Luxury Home Marketing provided the Certified Luxury Home Marketing Specialist training.   The course - which covered such topics as demographics of the affluent, lifestyle segmentation, trends and amenities in today’s luxury home product, and creating a marketing plan for the multimillion dollar property – was taught by Laurie Moore-Moore, President of the Dallas-based Institute and author of the book, “Rich Buyer, Rich Seller! The Real Estate Agents’ Guide to Marketing Luxury Homes.”   “The course is a step towards earning the prestigious Certified Luxury Home Marke...
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By Sandi Bauman, Chico CA Realtor
(Chico Homes Real Estate)
    by Mike Wiegert While the rest of the world continues to shroud itself in a cloak of doom and gloom, our Chico real estate market appears ready, able and willing to go to the 15th round. All type of media ranging from the daily newspaper to “expert” fiscal commentaries on various internet news services to regional and local blog sites are all assuming the role of a sort of economic Edgar Allen Poe. I can’t speak for everyone, but I’m not just tired. I’m exhausted, wiped out and drained by all the tales of woe that doomsayers consider newsworthy. It’s time to stop assuming that just because a home down the street went through a foreclosure that this is the end of Chico real estate as we know it. As pointed out in previous “moments”, foreclosure sales nationwide only amount to seven t...
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By Sandi Bauman, Chico CA Realtor
(Chico Homes Real Estate)
by Mike Wiegert  (Sandi's broker at Chico Homes) There’s a lot of talk in the news these days about the end of the housing slump, home prices stabilizing and increases in real estate sales activity in the West. Last week while speaking at a banking conference in Tokyo, former Federal Reserve Chief and guru Alan Greenspan announced that he expects an end to the drop of U.S. home prices by early in 2009. Greenspan added that as housing inventory is reduced, “it is very likely that home prices will stabilize well before that.” In nearby Sacramento county, an area among the highest in U.S. foreclosures, a recent survey of 1200 residents indicated that 63 percent believe that now is a good time to buy a home. The study conducted by Sacramento State University’s Institute for Social Research ...
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By Sandi Bauman, Chico CA Realtor
(Chico Homes Real Estate)
by Mike Wiegert  “Mortgage Meltdown” or “current mortgage crisis” are terms we commonly hear these days to describe an astonishing lack of real estate financing options. 100 percent financing, stated income and loans for borrowers with marginal credit, once common two or three years ago are now a thing of the past. In fact, these frivolously used loan programs were largely responsible for the hyperinflation in real estate prices seen during the first five years of the new millennium and the now subsequent alarming rate of foreclosures and short sales. Due to a lack of “easy” financing programs, we’re starting to see some of the creative techniques of home selling once popular in similarly slow real estate markets creeping back into use. One of the most commonly used methods of acquiring...
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By Scott Gormley
(Oak Valley Mortgage-California Home Loans and Refinancing)
Are you looking to refinance a home in Chico, California? If so, feel free to give me a call! My name is Scott Gormley, Broker/Owner of Oak Valley Mortgage and I thank you for considering Oak Valley Mortgage to represent you in one of the largest decisions of your life! We offer home purchase,refinance and debt consolidation services throughout all of California. I graduated from California State University, Chico, with a degree in Business and Marketing. I was the 2006 Chairman of the Chico Association of Realtors Affiliate Committee and I have been committed to our community through fundraisers and events in appreciation for what Chico offers in return, a great lifestyle. I've written weekly articles for over 2 years in the Enterprise Record's "North Valley Real Estate Guide", labled ...
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By Scott Gormley
(Oak Valley Mortgage-California Home Loans and Refinancing)
Are you looking to purchase a home in Chico, California?If so, feel free to give me a call. I have a great network of local real estate professionals to help you through the home purchase and loan process. My name is Scott Gormley, Broker/Owner of Oak Valley Mortgage and I thank you for considering Oak Valley Mortgage to represent you in one of the largest decisions of your life! We offer home purchase,refinance and debt consolidation services throughout all of California. I graduated from California State University, Chico, with a degree in Business and Marketing. I was the 2006 Chairman of the Chico Association of Realtors Affiliate Committee and I have been committed to our community through fundraisers and events in appreciation for what Chico offers in return, a great lifestyle. I'...
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By Sandi Bauman, Chico CA Realtor
(Chico Homes Real Estate)
  by Mike Wiegert So life takes another turn and now it’s time to get down to the business of selling  your Chico home.  You’ve been told that you should interview three or more Realtors to determine who is most suitable to accompany you on your journey.  Your agent needs to be honest, knowledgeable, experienced, successful and above all, your advocate when dealing with a buyer.  Your deductive reasoning tells you that you want to interview one agent who has worked with someone you trust.  Another inner voice tells you to call the largest company in town and get their top producer.  Maybe a third option is that nice Mr. X down the street who waves every morning. Now here come the Chico Realtors with their smiling faces, newly pressed business suits and freshly washed luxury cars.  Oh go...
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By Jeanean Gendron, Specializing in Selling Unique Properties
(The Address Realty)
Lauri Gibson and Jeanean Gendron are pleased to announce our expanded service for helping our clients with short sales. We will now be able to provide expanded services to Butte, Tehama, Siskiyou, Trinity and Shasta counties. We have partnered with BSG3 to provide our clients with a stronger negotiation base to work with lenders in getting short sales approved. We feel that this will provide us the leverage and resources needed to effective leverage the relationships that BSG3 has with the lenders they work with across the nation and provide us with a knowledge base that will benefit our clients. We are excited about the expanded services we will now be offering to our clients.We are pleased to announce these new resources and our ability to help our clients through this difficult real...
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