"72 new listings last week vs. 61 in 2020", 23 new listings went pending first week
CURRENT HOMES PENDING AND IN ESCROW 500 total*, 489 last week, 380 last year same week
***total numbers are for Shasta County Residential sales only, East to Whitmore, north to Lakehead and West to Igo, South to Hooker Creek which is a portion of Tehama County
NEW PENDING PROPERTIES BY PRICE SEGMENT
3/23 to 3/29/2021 3/30 to 4/5/2021 vs. same week 2020,
OVER $800K 0 1 0
$600-$799K+ 3 4 2
$500-$599K 9 3 3
$400-$499k 16 15 4
$300-$399K 26 32 17
$200-$299K 27 20 28
$100-$199K 3 4 3
UNDER $100K 0 0 0
TOTAL ............... 85 81 52
FELL OUT
OF ESCROW 8 13 19
Home inventory down 58% forcing price levels to increase. Currently there are only 254 active homes, 500 pending which we had 385 in 2020. 81 new pending sales this week which we had 52 in 2020. Only 72 new listings for the week and 23 went pending the first week listed, 61 in 2020. 55 closed sales for the week with 52 in 2020, 76% of homes sold for over $190.00 a sqft. 54% in 2019, 64% sold for over $300,000 with 46% in 2020. Conventional loans dominated again with 64% of buyers, 13 cash transactions, 4 FHA, 1 VA 1 USDA and 1 OWC. Of the just over a $20 Million in closed sales for the week 25% of buyers got credits from sellers at close of escrow for buyers closing costs or repairs, this weeks sales average increased to $370,750.00 or $217.27 a sqft. with 72 days on market compared to 2020 which was $321,053.00 or $190.80 a sqft. same week. This week 13 escrows failed and only 1 listing agent sold 2 of her own listings this week which is called "Double Ended". 31% of sellers got list price and 29% got over list and 35% of sellers sold under list price. Provided by others; Small cities dominate hottest markets; #1 Vallejo, CA $510,000, #2 Yuba City, CA $450,000, #3 Stockton, CA $487,000, #4 Burlington, NC $275,000, #5 Concord, NH $371,000, #6 Springfield, OH $154,000, #7 Janesville, WI $225,000, #8 Coeur d Alene, ID $872,000, #9 Colorado Springs, CO $548,000, #10 Spokane, WA $400,000, #11 Santa Cruz, CA $987,000, #12 Ogden, UT $475,000, #13 Sacramento, CA $589,000, #14 Reno, NV $585,000, #15 Austin, TX $494,000, #16 Modesto, CA $470,000, #17 Fresno, CA $365,000, #18 Lafayette, IN $285,000, #19 Manchester, NH $420,000, #20 Oxnard, CA $970,000. Of course anything on the fringe of the Bay Area is going strong. Check out Proposition 19, great property tax break for over 55 and wildlife fire victims now covers all of California. Down payment assistance programs have been streamlined, buy a home with as little as 3% down. HUD has a great first time homebuyer training course, FREE.