Chico, CA Real Estate News

By Sandi Bauman, Chico CA Realtor
(Chico Homes Real Estate)
by guest writer Mike Wiegert, broker, Chico Homes At this time of holiday cheer and good will towards men, I really feel the need to express my gratitude and thanks for the many blessings in my life. First there is the love of a healthy family and friends. Next, I'm grateful for my own personal health and well being. I'm thankful that none of my sons are involved in an unnecessary war in a desperate land thousand of miles from home. I'm grateful that I live in a community like Chico, CA where a day never goes by without a hearty greeting from someone I've haven't seen for a while. And I can't forget to mention how thankful I am to be a Realtor in these times of prosperity and exceptional market conditions. WHAT? WHOA! STOP! HALT! SCREECH! What did that idiot just say? Is that the same m...
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I wanted to share with you some of the beautiful rural areas of Chico, CA. This beautiful community has soooo much to offer the outdoor adventuress! Rural Red Barn- Chico Outskirts, CACorn Fields- Chico, CACow Friends- Chico, CAPlant- Chico, CAHorseHay Stacks- Chico, CAUrban Downtown Chico Building- Chico, CAPhotos by Jennifer HortonRealtorTrin Hong Real Estate Inc.www.JenniferHortonSells.com
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By Ryan Vaught
(Ryan Vaught Real Estate)
By: Ryan Vaught, Keller Williams Realty, Chico CAWell, cold isn't such a good word for it, when talking about the market these days. It isn't a hot market, so does that means it's such a bad market? No. Nearly the same amount of homes sold this year compared to last (in Chico), so you can hardly argue things aren't selling. They just aren't selling, like hot cakes. Oh well, the price of gas is going up also, we will survive.Recently, there have been three properties I have witnessed, which got multiple offers in the first several days on the market. This proved a point I have noticed: Properties are moving, but only the very best priced ones. Seems like a simple point right? No. Sellers don't understand it, and this is why:Multiple Offers or no offers?A listing I took on 3rd street in d...
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By Sandi Bauman, Chico CA Realtor
(Chico Homes Real Estate)
This is part 3 in a series of helpful hints to purchasing foreclosures in Chico, CA. Did you miss parts 1 and 2? Read here! Foreclosures: What you should know BEFORE you make an offer, Part 1 Foreclosures: What you should know BEFORE you make an offer, Part 2 Chico CA real estate buyers and investors LOVE foreclosures. The problem is, there aren't that many to go around! Many areas of California have experienced a high influx of foreclosures thanks to the recent mortgage meltdown. Chico, CA however has fared a little better in terms of relative numbers of repossessions.  Chico CA buyers are competing to snatch up the bank-owned (REO) property when it DOES come along. It's important to remember, however, that purchasing an REO property can be quite a bit different than a traditional Chic...
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By Sandi Bauman, Chico CA Realtor
(Chico Homes Real Estate)
This is part 2 in a series of helpful hints to purchasing foreclosures in Chico, CA. Did you miss part 1? Read here. Bank-owned property (REO) is some of the most sought-after Chico CA real estate of all time. In a market where many buyers are sitting on the fence waiting for the bottom to fall out, savvy investors are picking up REO's as fast as Chico Realtors can churn them out! It is important, should you be considering purchasing a bank-owned (REO) listing, that you understand up front what exactly you're getting yourself into. For the uninitiated, a look into the world of REO can be quite surprising. (In case you're wondering, I don't necessarily mean that in a good way.) Before offering on a Chico, CA REO property, you should know:  1. Most REO property won't leave you feeling all...
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By Sandi Bauman, Chico CA Realtor
(Chico Homes Real Estate)
This is part 1 in a series of helpful hints to purchasing foreclosures in Chico, CA. "Foreclosure" sees to be the new buzzword around Chico, CA these days. Everyone wants to score that awesome Chico CA real estate deal, and people are looking to the foreclosures in Chico to make it happen.  The process of purchasing a foreclosure can be significantly different than your average residential purchase. Not always, of course, but often enough that you should know ahead of time what you might run into. Before offering on a Chico, CA foreclosure, you should know: 1. Not all foreclosures are phenomenal deals! Just because the listing agent labels it "Chico, CA foreclosure!" doesn't mean that it is a steal. I work with a least one bank that takes the appraisal price and ups it by 5% to arrive a...
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By Sandi Bauman, Chico CA Realtor
(Chico Homes Real Estate)
    By Guest writer, Mike Wiegert.  (Sandi Bauman's broker at Chico Homes!) So you’ve been marketing your Chico, CA home for the current average market time of 94 days and maybe you’re being transferred from our gorgeous gem of a town to Who Knows Where, Tennessee.  You thought that your house was really something special, better than any of the others on your street, but here you are over three months into the process and the moving vans are on their way.  A very dear and knowledgeable friend insists that your new employer must have a relocation program and would be ever so happy to buy your home for whatever you think it’s worth. So you make the call to Tennessee and your employer informs you that he is extremely regretful to inform you that the company that you’ve worked for a billio...
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By Jennifer Horton
(Trin Hong Real Estate Inc.)
Now’s the time to Buy! Now is a great time to buy! Why you ask? Because now those great properties in the ‘perfect’ condition with the ‘perfect’ locations are up for grabs! Unlike before, they don’t have that giant price tag that comes with them. A few years ago, a typical buyer would find that “perfect” home, only to find out there’s ten other buyers that thought it was also their perfect home. Ten people would fight over the same property- jacking up the purchase price, dropping their inspections contingencies and the winner would end up with an over-inflated price tag and some very ugly terms. Now, a buyer can stroll into that same property, submit an offer that is not even asking price, ask for all the inspections they want and still get repairs done to boot! Sounds like buyers get ...
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By Sandi Bauman, Chico CA Realtor
(Chico Homes Real Estate)
There is a new kid on the block (East Avenue, anyway): Longs Drug Store.    Located on the corner of East Avenue and Marigold, it will be a convenient stop for the Chico neighborhoods that line either side of East. The new store features a drive through pick up window, beer and wine, and a selection of grocery items. Of course shoppers will still find the pharmaceutical items and general merchandise associated with Longs Drug.  The opening of the new store was a bittersweet event for longtime local residents. The opening brought about the closing of Terrace Pharmacy, which began serving customers in 1957. Terrace also collected PG&E payments and served as a U.S. Postal Substation over the years. Fortunately, many of Terrace's employees can be found at the new Longs Drug, and customers c...
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By Sandi Bauman, Chico CA Realtor
(Chico Homes Real Estate)
   Statistics for:  Single Family Detached, Condo, Duplex, Mobile On Land Date Range=10/2007-10/2007   Current Active                            Avg List Price                            Avg DOM           464                                      $404,743                                        105  Listed            Sold              Pct Sold             Avg List Price Sold               Avg Price Sold   123              53                  43%                    $368,148                        $349,222  Sale Price/List Price Ratio                  Avg DOM                          Expired                94.86%                                         79                                    34%  Chico CA Real Estate Blog and Chico MLS listings Search 
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By Sandi Bauman, Chico CA Realtor
(Chico Homes Real Estate)
There is no disputing the fact that Chico, CA is currently in what is commonly known as a "Buyer's Market." That is FABULOUS news for all the buyers out there who have patiently been waiting for this day. The inventory is high, the prices have dropped, and the interest rates are still phenomenal! Now is the time to get a great deal!   A "Buyer's Market" is a wonderful thing. A Chico, CA home that might have cost $400,000 in 2005 may only set you back $350,000 today. On average, prices seem to have corrected between 10 and 15 percent for residential properties. I have noticed a growing trend with buyers. In an effort to get the absolute lowest price on a property, they attempt to entice the sellers with a very short escrow period. For some sellers, a quick sale in this market is a dream ...
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By Sandi Bauman, Chico CA Realtor
(Chico Homes Real Estate)
                            I just couldn’t resist stopping at Sycamore Beach Park yesterday to get this picture. I was driving through the California Park neighborhood in Chico, CA to preview a new listing. (It should be a nice Chico foreclosure property if you’ve been watching for something in this area! Drop me a note, and I will be sure to let you know when it hits the market.) Let me get back on track… Sycamore Beach Park is one of several beautiful park areas located in the California Park neighborhood. There are three green areas located on Idyllwild Drive alone! The Sycamore Beach Park is one of my favorites because of the large grassy area and gorgeous view of California Park Lake. The area is usually wide open- you feel like you have the whole place to yourself!  Be sure to st...
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By Sandi Bauman, Chico CA Realtor
(Chico Homes Real Estate)
Need a great idea for a Chico, CA family outing?                       How about a bike ride through Lower Bidwell Park! Young and old alike will delight in hopping aboard a bicycle to peddle their way through the 418 acres of cherished Lower Bidwell Park. The ride is a leisurely one, virtually level throughout so that riders can can fully appreciate the beauty around them.   The smooth paved roads are perfect for little people still learning to ride, while the smaller side trails offer an exciting diversion for the more adventurous. Bidwell Park is enormously popular regardless of the season or the weather. Expect to share the road with a variety of walkers, runners, dogs, skaters, bicyclists, strollers and horses, all out enjoying the day. Make sure that you plan time for exploring a...
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By Sandi Bauman, Chico CA Realtor
(Chico Homes Real Estate)
Take a ride with me! The California Park residential neighborhood is the only one in Chico, CA that boasts lake frontage. Truly, the view from the water is unlike anything you will see from the road! The first time we put our canoe in the water, we were in awe of the variety of home styles: we saw everything from "southern charm" to "ultra modern." Each back yard had something different to offer. There were private boat docks, a sand beach, hammocks, landscaped terraces, gorgeous waterfalls, weeping willows, and my all time favorite: bright red canoes! If you have the opportunity to visit the California Park area, a tour from the lake is a fun way to explore. (Note: The lakes are private. You must actually be a resident or guest.) There are 3 lakes altogether, and two of them connect un...
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By Sandi Bauman, Chico CA Realtor
(Chico Homes Real Estate)
One of the best things about living in Chico, CA? The unbelievable change in seasons! Chicoans enjoy a truly spectacular fall, with a virtual palate of colors evident, especially in areas like Bidwell Park. In this photo, the colors are just beginning to show... kind of like a preview for the main event. Talk about curb appeal for our Chico, CA real estate... the foliage can't be beat! Visit me here: Chico CA Real Estate blog and Chico MLS listings Search
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By Sandi Bauman, Chico CA Realtor
(Chico Homes Real Estate)
Still looking for that perfect pumpkin in Chico, CA? Better load up the family, and head to the Book Family Farm.Book’s 250 acre farm, only minutes outside of Chico on Hwy 99 in Durham, is the perfect place to spend a leisurely fall afternoon. We visited Book’s, and were immediately drawn to the Scarecrow Contest. Entries were made by many local schoolchildren, as well as businesses. The winner was awarded a $1000 prize! We especially liked reading the banners the younger children had on their scarecrows. The theme was “It’s okay….” We saw everything from “It’s okay to have big ears” to “It’s okay to like Superman!” There were definitely some scarecrows wearing their hearts on their sleeves! Other fun activities included a hay pyramid, horse-drawn wagon rides, corn maze, live music, and...
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By Sandi Bauman, Chico CA Realtor
(Chico Homes Real Estate)
  The difference between a pre qualification and a preapproval, my friend, would be like buying a discount store handbag vs. a Prada or Gucci handbag.                                             A prequalification is a very preliminary estimate of how much you can afford to pay for a  Chico, California home.  The lender will base his opinion on the information you provide. However, your credit and employment information typically aren’t validated for prequalification, so the results can only be considered a rough idea of what size payment, and what type of loan you might qualify for.  Please be forewarned that prequalification letters are not often highly regarded by people “in the know”.  All too often, a lender is unable to get the final loan approved, despite the fact that he or she ...
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By Sandi Bauman, Chico CA Realtor
(Chico Homes Real Estate)
It’s important to be preapproved BEFORE you start searching for a Chico, CA home Time is always of the essence. There’s no use fooling around doing things the hard way when you can go straight for the gold. By investing a very minimal amount of time before you start shopping for a house, you will save yourself immeasurable time and grief later. Trust me. 1. If you don’t get preapproved, how do you know what price range you should be shopping in? There is nothing worse than spending months looking for the PERFECT house, only to find out later that you can’t make it work financially. Save yourself the pain- don’t guess! 2. It’s best to try to keep your Realtor happy! Like you, she’s busy. The last thing she wants to do is spend endless hours trying to find you a house that you can’t affo...
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By Sandi Bauman, Chico CA Realtor
(Chico Homes Real Estate)
Vallombrosa Avenue is a beautiful Chico, CA street that parallels lower Bidwell Park. It is coveted for it's convenient location to the many walking trails and access to Little Chico Creek. Visitors will find a wide variety of Chico CA real estate opportunities along this scenic view: everything from mid-century modern to bungalows to contemporary homes built this year. For more information on Chico CA real estate, call me today! 530-864-5407 Visit me here: Chico CA Real Estate blog and Chico MLS listings Search
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By Sandi Bauman, Chico CA Realtor
(Chico Homes Real Estate)
                                       Class                           Bedrooms                     Current Active                      Avg List Price                             Avg DOM All All 1,070 $346,472 170 RE All 581 $418,608 117 RI All 59 $690,497 116 MF All 33 $52,605 91 LD All 110 $380,989 223 FR All 6 $1,024,916 228 CM All 59 $614,349 141 LS All 222 $3,307 313            Class     Bedrooms  Total Listed    Num Sold      Pct Sold       Avg List  Price Sold     Avg Sale Price Sold Sale Price/List Price Ratio    Avg DOM  Sold Avg List Price Unsold Pct Expired All All 188 54 35.53% $306,046 $295,396 96.52% 64 $365,403 37.23% RE All 107 43 40.19% $345,351 $336,372 97.40% 52 $367,903 41.12% RI All 14 1 7.14% $425,000 $400,000 94.12% 372 $578,400 42.86% MF All 12 4 33.33% $40,600 $...
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