Recently there has been a lot of talk about Redding home prices and if they are accelerating too quickly. As we've mentioned before, properties for sale simply cannot keep up with the number of buyers actively searching for a home. This fact holds true here in Shasta County as well, which has caused home prices to rise.
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For those who are worried that we are doomed to repeat 2006 all over again, it is important to note that homeowners are investing their new-found equity back into their homes and themselves, not in depreciating assets. In addition, lending practices today are much stronger than in past years.
The added equity is helping many Redding families put their children through college, invest in starting small businesses, allowing them to pay off their mortgage sooner or move up to the home that will better suit their needs now.
Bottom Line If you are a homeowner looking to take advantage of your homes equity by moving up to your dream home, let's get together to discuss your options! Call 530-222-3800 to set up an appointment or email me at firstname.lastname@example.org.
A recent study of more than 7 million home sales over the past four years revealed that the season in which a home is listed may be able to shed some light on the likelihood that the home will sell for more than asking price, as well as how quickly the sale will close.
It’s no surprise that listing a home for sale in Redding during the spring saw the largest return, as the spring is traditionally the busiest season for real estate. What is surprising, though, is that listing during the winter came in a very close second!
“Among spring listings, 18.7 percent of homes fetched above asking, with winter listings not far behind at 17.5 percent. While 48.0 percent of homes listed in spring sold within 30 days, 46.2 percent of homes in winter did the same.”
The study goes on to say that:
“Buyers [in the winter] often need to move, so they’re much less likely to make a lowball offer and they’ll often want to close quickly — two things that can make the sale much smoother.”
Bottom Line If you are debating listing your home for sale in 2017, keep in mind that the spring is when most other homeowners will decide to list their homes as well. Listing your home this winter will ensure that you have the best exposure to the serious buyers who are out looking now!
It may make sense to beat the rush of housing inventory that will enter the market in the spring and list your home today. If you have any questions about selling your home please contact me at the office 530-222-3800 or email email@example.com.
Shasta County Real Estate Market Starting 2017 in High Gear!
Click Here to watch Josh's video blog for the month of February
Hot topics trending now in Shasta County...
Consumer Confidence at Highest Level since August 2001 There are many contributing factors to this increase:
In regards to Real Estate, the local economy is performing better than in years past.
Interest rates still remain low and there are many financing options available.
The stock market is responding positively to the election.
With the Presidential Election behind us, it is projected that many buyers and sellers will enter the market early this year. Whether you're a first-time buyer or looking to move up from your old home, now is a great time to take advantage of the lower interest rates before they increase later this year.
Inventory of Homes For Sale in Shasta County If you're a buyer currently looking for a home you may notice there are currently fewer to choose from. In fact the inventory of homes for sale is down by 20-25% compared to last year. See all homes for sale at www.reddinghomes.com. Be sure to sign up to be the first to see new listings as soon as they hit the market!
Home Sales UP by 10% It's early in the year but I fully expect the number of sales to trend very similar to last year. I've already noticed many buyers entering the market, and not waiting for the spring buyer rush that we've seen in the past.
With lower inventory and higher amount of sales occurring, Redding home buyers are experiencing a hot market. This is good news for sellers! If your home is currently on the market and priced properly you can expect fewer days on the market. Of course, homes further away from Redding might be on the market a bit longer since the buyer demand may begin to slow slightly.
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Median Home Price The median home price in Shasta County is projected to increase by an average of 4%. This is largely due to a strong buyer demand. You can check the value of your home instantly at www.shastahomevalue.com
New Home Construction Local City Building Departments have released monthly reports showing the latest building permits which have been pulled for new residential construction. The latest reports show Anderson is currently outpacing Redding in regards to new home construction. I suspect the cost for new construction is lower in Anderson than it is in Redding, and this is pulling those contractors to build in Anderson. There are multiple subdivision projects in Anderson right now, and we will expect to see that inventory hit the market in late Spring and early Summer.
New Commercial Real Estate Commercial real estate construction is projected to be very low in Shasta County in 2017. The cost of new commercial construction here in the City of Redding is up astronomically. The cost to build and develop properties and meet all the current codes handed down by the State of California, as well as the additional codes for the City of Redding are staggering. In most cases, the final cost to build and develop new property is far greater than the appraised value. This is good news if you own or currently rent a commercial property. You can expect rents to remain stable due to the lack of competition from new buildings entering the market.
Bottom Line The Shasta County housing market is strong and poised to grow. Home prices are stable, and rising at a moderate pace. If you have any questions regarding real estate in Shasta County, we are here to help. Feel free to reach out to me by email firstname.lastname@example.org or contact me at 530-222-3800.
It is common knowledge that a larger number of homes sell during the spring.
For that reason, many Redding homeowners hold off on putting their homes on the market until then. The million dollar question is whether or not that will be a good strategy this year.
Do a greater number of homes actually come to the market in the spring, as compared to the rest of the year? The National Association of Realtors recently revealed the months in which most people listed their homes for sale in 2016.
"April, May and June are consistently the most popular months for sellers to list their homes on the market."
What does this mean to you? With the national job situation improving, and mortgage interest rates projected to rise later in the year, buyers are not waiting until the spring; they are out looking for a home right now. If you are looking to sell this year, waiting until the spring to list your home means you will have the greatest competition for a buyer.
Bottom Line It may make sense to beat the rush of housing inventory that will enter the market in the spring and list your home today. If you have any questions about selling your home please contact me at the office 530-222-3800 or email email@example.com.
According to Freddie Mac’s latest Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently averaging 4.09%, which is still very low in comparison to recent history!
The interest rate you secure when buying a home not only greatly impacts your monthly housing costs, but also impacts your purchasing power.
Purchasing power, simply put, is the amount of home you can afford to buy for the budget you have available to spend. As rates increase, the price of the house you can afford will decrease if you plan to stay within a certain monthly housing budget.
Check out our advanced search below to find homes within your budget!
The chart below shows what impact rising interest rates would have if you planned to purchase a home within the national median price range, and planned to keep your principal and interest payments at or about $1,100 a month.
With each quarter of a percent increase in interest rate, the value of the home you can afford decreases by 2.5%, (in this example, $6,250). Experts predict that mortgage rates will be closer to 5% by this time next year.
Act now to get the most house for your hard-earned money.
When listing your home for sale in Redding or Shasta County, our top goal is to get it sold for the highest price possible. Check outJosh's 5 Proven Marketing Strategies and see how we utilize cutting edge technology from aerial videography to virtual tours to ensure your home stands out from the rest and sells FAST!
If you are currently thinking of selling your home in Redding or Shasta County - now may be a great time to do so! Please feel free to contact me at 530-222-3800 or send me an email at firstname.lastname@example.org if you have any questions.
Have you ever been flipping through the channels, only to find yourself glued to the couch in an HGTV binge session? We’ve all been there… watching entire seasons of “Love it or List it,” “Fixer Upper,” “House Hunters,” “Property Brothers,” and so many more, just in one sitting.
When you’re in the middle of your real-estate-themed-show-marathon, you might start to think that everything you see on TV must be how it works in real life, but you may need a reality check.
Reality TV Show Myths vs. Real Life:
Myth #1: Buyers look at 3 homes and make a decision to purchase one of them.
Truth: There may be buyers who fall in love and buy the first home they see, but according to the National Association of Realtors the average homebuyer tours 10 homes during their search.
Myth #2: The houses the buyers are touring are still for sale.
Truth: The reality is being staged for TV. Many of the homes being shown are already sold and are off the market.
Myth #3: The buyers haven’t made a purchase decision yet.
Truth: Since there is no way to show the entire buying process in a 30-minute show, TV producers often choose buyers who are further along in the process and have already chosen a home to buy.
Myth #4: If you list your home for sale, it will ALWAYS sell at the Open House.
Truth: Of course this would be great! Open houses are important to guarantee the most exposure to buyers in your area, but are only a small PIECE of the overall marketing of your home. Just realize that many homes are sold during regular listing appointments as well.
Myth #5: Homeowners make a decision about selling their home after a 5-minute conversation.
Truth: Similar to the buyers portrayed on the shows, many of the sellers have already spent hours deliberating the decision to list their homes and move on with their lives/goals.
Bottom Line Having a local, experienced professional on your side while navigating the real estate market is the best way to guarantee that you can make the home of your dreams a reality!
Many people wonder whether they should hire a real estate professional to assist them in buying their dream home or if they should first try to do it on their own. In today’s market: you need an experienced professional!
An Expert Guide The field of real estate is loaded with land mines; you need a true expert to guide you through the dangerous pitfalls that currently exist. Finding a home that is priced appropriately and is ready for you to move into can be tricky. An agent listens to your wants and needs, and can sift through the homes that do not fit within the parameters of your “dream home”. A great agent will also have relationships with mortgage professionals and other experts which will assist with securing your dream home.
A Skilled Negotiator In today’s market, hiring a talented negotiator could save you thousands, perhaps tens of thousands of dollars. Each step of the way – from the original offer to the possible renegotiation of that offer after a home inspection, to the possible cancellation of the deal based on a troubled appraisal – you need someone who can keep the deal together until it closes.
Realize that when an agent is negotiating their commission with you, they are negotiating their own salary; the salary that keeps a roof over their family’s head; the salary that puts food on their family’s table. If they are quick to take less when negotiating for themselves and their families, what makes you think they will not act the same way when negotiating for you and your family?
Bottom Line Just like a good accountant or a good attorney, a good agent will save you money…not cost you money.
Click Here to watch Josh's video blog for the month of January
As many of you already know, a lot is happening with our economy. The election is over and both businesses and the stock market have a better understanding on what to expect. I predict our local real estate market will hit a pivotal point in 2017 since, in many areas across the state, home prices are at or above "pre-bubble" levels. Our federal reserve is confident on growth, who recently – in vague language of course – sent strong signals they will raise interest rates in 2017 even higher.
Higher interest rates make it more expensive to buy your home, especially for millennials; a BIG market this year. As your Realtor, based on what I’m seeing in Shasta County, 2017 may be the ideal year in the short term to sell your home for a great price. I feel the pent up demand of homeowners itching to sell after getting back to even. I see more people getting mortgages now that Fannie and Freddie back 3% down payment loans. I talk to people every day who are better employed and making more money; job growth is up. All these forces will come together in 2017 and I see a lot of homeowners selling their homes this spring. Which of course, if you’re thinking about selling your home in 2017, means there will be a lot of competition.
So if you’d like to know what your home could sell for, I purchased access to local public home sale information for you – 100% complimentary – so you can find out what your home is worth online.
Now, there’s more of course to pricing your home than mirroring your neighbor's final sales price. That’s where my expertise comes in – we track EXACTLY what home buyers are looking for. If you are, in fact, thinking about selling your home and want to know how it works, how long it takes, and the price you can expect to get, call me at 530-222-3800 or reply to this email – it goes right to me.
No pressure or obligation to sell, of course. It’s only a discovery phone call. But we want to take “preemptive” action now before everyone lists their homes this spring. This way you get ahead of the market and make more money.
In the meantime, if we haven’t spoken recently, consider 2017 my promise to keep you better informed on what’s happening in our local market. Call or email me anytime with your real estate questions.
As we are about to bring in the New Year, families across the country and here locally in Redding will be deciding if this is the year they will sell their current house and move into their dream home. Many will choose that it is smarter to wait until the spring “buyer’s market” to list their house for sale. In the past, that might have made sense. However, this winter is not like recent years.
The recent jump in mortgage rates has forced many Redding buyers off the fence and into the market, resulting in incredibly strong demand RIGHT NOW!! At the same time, inventory levels of homes for sale in Shasta County has dropped dramatically as compared to this time last year.
Here is a chart showing the decrease in inventory levels by category:
Bottom Line Demand for homes for sale in Redding and surrounding areas is very strong right now while competition (other homes for sale) is at a historically low level. If you are thinking of selling in 2017, now may be the time. Feel free to contact me at 530-222-3800 or email email@example.com to discuss the options available when selling your home. Also check out www.reddinghomes.com/selling-your-home for a closer look at how we sell over 450 homes a year.
December 5, 2015 From the first day to the last the whole process went AWESOME!!! Buying a home can be very stressful but JOsh Barker's team was always there to make sure things went smoothly!!! If you find yourself in the market to buy or sell I feel you won't go wrong with this professional team. Thanks for helping my wife and I. God Bless! -Howie Groen
December 4, 2015 I was impressed when I met with Josh to sell our home. He made lots of promises on his service, was extremely knowledgeable. Once we started the sales process, he delivered on everything he told us he would do. He and his staff are amazing. They keep regular contact with you from start to finish. The are prompt in any situation that arises. They made the stress of selling a home so much easier. I would recommend Josh Barker to anyone that is selling their home. Deborah & John MacGillivray
November 30, 2015 Very easy to work with. Our home sold in 10 days! Kept us informed from start to finish! Staff was always friendly and informative. You will not regret choosing Josh Barker for your realtor. Josh also recommended a wonderful window cleaner and carpet cleaner. We even sold our home for more then asking price! -Bruce and Lynn S.
November 20, 2015 Josh Barker and his associates are simply the best! I've bought and sold 4 houses, using different realtors for each transactions. But I will only go with Josh Barker for all my future real estate needs! He is very knowledgeable, friendly, and prompt. He got our house sold for top dollar in just a few weeks. Thanks for everything! -Jennifer A.
November 13, 2015 We were very happy with the service and knowledge that Josh Barker and his team brought to the table in our real estate negotiations. We are confident that with out Josh we would have paid significantly more for the property, would not have been as well informed regarding the property and then tenants therein, and that this would have been a different transaction all together. Even after the close of escrow Josh and his team have continued to help us out with questions to the former owner. We heartily recommend Josh for all of our real estate needs. Alan K.
November 10, 2015 I have rarely had the pleasure to do business with such a team of professionals. Josh met with me personally to explain how the members of his staff would work together with my wife and I to come to a successful conclusion in the sale of our home. Each member of this organization had specific responsibilities in the sale process, and each and everyone did their job to perfection. It is gratifying to find a group of people that are so dedicated to their clients. I heartily recommend Josh Barker for all your Real Estate needs. -Gordy S.
November 9, 2015 Josh came highly recommended and it was clear right away that he has a high level of expertise and professionalism in his field. He was very attentive to our needs, detail oriented and knows the local market quite well. His online strategy of showing our home and getting the most quality views possible was definitely encouraging and exciting! He has assembled a quality, friendly and professional staff who helped make our home selling experience an easy and smooth one. There is no doubt that we will be using Josh and his tea for our future real estate ventures. It was a joy to work with them!!- Paul M.
November 9, 2015 Josh Barker and his entire team are amazing! They are on the ball every minute and they don't miss a beat. They treat us so well that they feel like family. We will never choose anyone else for our real estate needs! Josh gets your home sold asap! Couldn't be happier! -Jennifer M.
November 3, 2015 Josh has my highest recommendation. Our home was listed for 6 months with no offers. We retained Josh and thanks to his knowledge, exposure to many websites and his expertise, within weeks we received multiple offers. The great thing about Josh and his team, is you have the personal attention of having a small town real estate agent, like a friend, but the talent and professionalism and knowledge of a big city Broker combined into one, that is rare! If you want your home sold, call Josh and his team, they are a delight to work with. -Sara C.
November 2, 2015 To Josh Barker and his team, I cannot thank you enough for all your hard work and dedication in selling my home. You and your team were professional, knowledgeable and responsive throughout the whole transaction. Josh, I always felt you had my best interest at heart and you made a potentially difficult process extremely easy. From start to finish the service I received was nothing short of excellent. I will definitely be referring anyone I know looking to buy or sell a home because you are without a doubt the best realtor I know!
October 30, 2015
Josh Barker and his team are by far the most professional Real Estate Company in the North State. We have used Josh Barker on multiple house buying and selling transactions. Not only does Josh listen attentively, but he sincerely cares about helping you find the exact house that fits your lifestyle/needs. He is a fair negotiator and you can fully trust that he will give you accurate advice and information from all angles. His staff is prompt, friendly, and they have excellent and timely follow through both on the phone and via email. Josh and his staff keep you updated along the way and you never have to worry about them forgetting any detail. Josh Barker is second to none! Whether you are listing or selling, Josh Barker will make sure you are taken care of 100%. -Alana O.
October 29, 2015 Josh Barker has an incredible team that makes his office a huge success. When I had a questions or a need, it was answered promptly and cordially by one of the team members. This office will go above and beyond what is considered "normal practices" to make the process of buying or selling a home a breeze. Through excellent negotiations, we were able to sell our home for our asking price within one wee! This office has been a part of my life for the past 7 weeks and will be sorely missed. -Marty and Sharl L.
October 21, 2015 I would like to give a huge thank you to Josh Barker and his entire company for helping me with my recent home purchase. It is clear that Josh is passionate about what he does and extremely knowledgeable. Finding the right home felt stressful at times but Josh was always available for all of my questions. The entire company went above and beyond throughout the whole process. Josh has sold several homes for my family and friends with great success so working with Josh was an easy decision. -Brian M.
October 20, 2015 I have already recommend Josh Barker to several friends. His office was extremely professional, punctual, informative and helped us quickly sell our home for a great price. Thank you Josh and team! -April L.
October 14, 2015 From the beginning of the process to the end, Josh and his team were exemplary. Each team member knew their job and handled it with nothing but true professionalism. I will definitely recommend Josh and his team to my friends and family
October 8, 2015 It was both a professional blessing and an honor to have worked with Josh Barker and his team. When it came time to sell our house, a dear friend highly recommended Josh Barker. Following his advice, we called Josh. First impressions go along way, he was very impressive as well as very professional. Josh certainly did his homework determining the financial specifications of the housing market in our neighborhood. It was quite evident that the Lord was working through Josh. When God is for us, who can be against us. Trust in the Lord with all your heart, lean not on your own understanding, acknowledge Him in all your ways and He will make your paths straight. To that end, I would highly recommend services of Josh Barker Realty, only wish I had another house to sell. God Bless. -Phil and Diane Richardson
September 28, 2015 Josh (and his team of professionals) was outstanding! We were very impressed with the communication throughout the process of listing and closing the sale of our duplex in Redding...and we live in Santa Rosa!! Josh's insight, knowledge and personal attention was much appreciated. We would very definitely recommend Josh with no doubt or hesitation. -Bob and Fiona V.
September 14, 2015 We were so pleased with the service provided by Josh and his team. We interviewed three realtors prior to signing with Josh and selected him based upon his knowledge of the market and strategy for promoting the property both locally and outside Shasta County. Josh emphasized his team approach and communications with his clients. The house sold in seven days and escrow went without a hitch. I've bought and sold 10 properties and this transaction was by far the most seamless. Thanks Josh and your team of professionals! -John and Christina B.
September 11, 2015 Over the past 3 years, we have utilized Josh's outstanding services to sell 2 homes and purchase another. Josh is the consummate professional who truly has his clients best interest at heart. In addition, Josh has built an amazing team of real estate professionals who made themselves available through our transaction process. When it comes to real estate, my wife and I are confident that Josh and his team will always be our first call. -Richard M.
September 11, 2015 Buying and selling a home is not just a transaction, it is your life, your family, your fiances and so much more. We have used Josh and his crew on 3 occasions now and have come to know and love them like family. If you are looking for an honest and ethical realtor Josh Barker should be your first and only phone call. We are proud to call him our realtor and our friend. -Mike and Jenny C.
August 21, 2015 The professionalism of Josh Barker and his staff far exceeded any of my expectations. It was the most pleasant experience I have encountered during a transitional period, when change can be so overwhelming. I never doubted that everything was being fully handled on my behalf for the best outcome for me! (And that is saying a lot!). Everyone was knowledgeable, courteous, and communicated so well. I highly trust Josh and feel that he knew the outcome I wanted and made sure that was what occurred. Thank you Josh and Team! -Sharen V.