Which Homes Have Increased in Value the Most?
Home values in Redding, Anderson, and surrounding areas within Shasta County have risen dramatically over the last twelve months. The Existing Home Sales Report from the National Association of Realtors puts the annual increase in the median existing-home price at 5.6%. CoreLogic, in their most recent Home Price Index Report, revealed that national home prices have increased by 6.7% year-over-year. These statistics are very similar here in Shasta County as well.
CoreLogic broke home appreciation down ever further into four price ranges which gives a more detailed view than simply looking at the year-over-year increases of the national median home price.
It is important to pay attention to how prices are changing in the Shasta County housing market. The specific location of your home is not the only factor in determining how much it has appreciated. Lower priced homes have appreciated at greater rates than homes at the upper ends of the spectrum, due to demand from first-time home buyers and baby boomers looking to downsize.
Check the value of your home instantly at www.shastahomevalue.com
If you are planning on listing your home for sale in Shasta County, let’s get together to go over exactly what’s going on in your area and price range. Call me at 530-222-3800 or email [email protected]