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The Good, the Bad, & the Reality 
of Real Estate

Chico, Paradise, Orland Market Update


Shane Collins
 


The end of another quarter. . .as a recovering C.P.A., my life is no longer measured by quarterly closes, but old habits die hard and I am compelled at the end of every quarter to run numbers and analyze the trends The data is in for 3rd quarter, and it is safe to say that the market is shifting. We have had 6 years of double (or nearly) digit price appreciation and all time inventory lows, creating a major seller’s market. While median prices have continued to rise, albeit slightly more modestly, inventory levels and days on market are inching their way up. With inventory swelling, we are seeing an unprecedented number of price reductions. This isn’t to say that it’s a bad time to sell. . the buyers are still out there. It just means that sellers can’t price their home 5% above the last comp in the neighborhood and expect to have a bidding war. The market is flattening out. So, if you have been waiting to sell, wanting to ride the wave up, this may just be the time. Likewise, for those of you waiting to buy, with more inventory available, there will be far less competition and a lot more to choose from.
 

The median home price in Chico rose 6.9% to $337,000 for the 12 months ended September 30, 2018. The average days on the market increased slightly to 42 days, compared to...

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Featured Listings
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1954 Hooker Oak Ave, Chico CA



1631 Sherman Ave, Chico CA


4489 Batt Road, Forest Ranch CA
 



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What folks are saying about us!
 
Through a lengthy process, Carolyn was a trooper and encouraged us when we began to falter. She understood our needs, which were more than to just sell. Because it was a family business, she understood how important it was find the "right" buyers. Carolyn is a truly nice person and a pleasure to work with.
- gntneher

I purchased a property in Paradise, CA using Michael as my buyer's agent. He was a pleasure to work with, and made the transaction go extremely smoothly. As an out-of-town buyer, I benefited tremendously from Michael's local knowledge, as well as his expert handling of all of the many details  from contract through close of escrow. I look forward to working with Michael again
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If you are selling and/or buying a home choosing Shane as your representative will be the smartest decision you can make ... especially in the current market! This lady is highly intelligent and a calming influence in the sometimes stormy sea of Real Estate. Shane was able to clearly explain the  processes in real English, so I could understand and I KNEW she always "had my back" in negotiations surrounding both the sale of my home and the purchase of a replacement.
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