December 30, 2008
So here it is as promised in yesterday's blog- the total market overview for the Chico area as of 12/19/08. Please leave me a comment to let me know if you find this market overview helpful and if you would like me to post it periodically (once or twice a month).
Here is a breakdown of what the different columns mean:
Price Range: Prices of Chico area homes
Number of Active listings: # of houses for sale in that price range
Number of pending listings: Out of the number of active listings, this shows the # of listings in escrow in the given price range (as of 12/19/08)
Months worth of inventory: If no other houses come on the market within this price range, it will hypothetically take this amount of months for all of the houses in the given price range to sell
Expired listings last 6 months: The number of houses that were taken off the market either because they didn't sell or because the owners decided not to sell for some reason
Closed listings last 6 months: The number of listings that closed escrow in the last 6 months within that price range
List price to sold price ratio: The difference between the price the house was listed at and the price the house actually sold for (it's important to note that this list price does not reflect price reductions, this list price is the final one where an offer was made and accepted on it).
Average days on market of solds: This is the average number of days that a house that sells within that price range sits on the market before it is sold).
Average days on market of actives: This is the average number of days that a houses that DO and DON'T sell sit on the market before either selling or being taken off the market.
Please let me know if you have any other questions regarding this Chico Area Market Overview.
| Price Range | Number of Active Listings | Number of Pending Listings | Months worth of Inventory | Expired Listings Last 6 Months | Closed Listings Last 6 Months | List Price to Sold Price Ratio | Average Days on Market of Solds | Average Days on Market of Actives |
| $0 - $174,999 | 36 | 8 | 6 | 12 | 37 | 92.49% | 93 | 127 |
| $175,000 - $199,999 | 24 | 1 | 5 | 5 | 31 | 96.69% | 77 | 100 |
| $200,000 - $224,999 | 23 | 3 | 3 | 6 | 42 | 96.58% | 79 | 106 |
| $225,000 - $249,999 | 34 | 12 | 3 | 10 | 78 | 97.42% | 55 | 112 |
| $250,000 - $274,999 | 26 | 12 | 3 | 6 | 57 | 97.59% | 55 | 130 |
| $275,000 - $299,999 | 39 | 12 | 6 | 14 | 41 | 97.53% | 73 | 95 |
| $300,000 - $324,999 | 13 | 4 | 2 | 5 | 38 | 97.72% | 65 | 141 |
| $325,000 - $349,999 | 35 | 6 | 6 | 9 | 33 | 96.63% | 93 | 188 |
| $350,000 - $374,999 | 22 | 3 | 7 | 8 | 19 | 97.06% | 67 | 147 |
| $375,000 - $399,999 | 25 | 7 | 7 | 8 | 23 | 96.28% | 73 | 85 |
| $400,000 - $449,999 | 15 | 5 | 4 | 9 | 21 | 95.53% | 88 | 96 |
| $450,000-$499,999 | 22 | 2 | 9 | 7 | 15 | 96.08% | 100 | 112 |
| $500,000 - $599,999 | 31 | 4 | 10 | 19 | 18 | 96.03% | 136 | 143 |
| $600,000-$699,000 | 31 | 1 | 13 | 13 | 14 | 94.84% | 123 | 160 |
| $700,000 - $999,999 | 32 | 0 | 48 | 13 | 4 | 97.67% | 138 | 150 |
| $1 Million + | 10 | 0 | 30 | 5 | 2 | 89.42% | 147 | 133 |
| Market Totals | 418 | 80 | 5 | 149 | 473 | 96.46% | 77 | 128 |
Interested in more information regarding the market in Chico? Take a look at my market report for today!
http://www.ryanvaught.com/chicomarketreport
Currently Ryan has about 40+ listings in inventory, and is on track to sell over 40 homes in 2008. Please don't hesitate to contact me with any questions about Chico area real estate.
Interested in learning more about the Chico area or Ryan?
Vaught Properties: Chico Income Property
Chico Condos: Chico Condo Sales
Ryan Vaught: Ryan's Residential website
Chico Luxury Homes
Chico Investment Property
Ryan Vaught Real Estate
Keller Williams Chico CA
Office Phone: (530) 343-2959
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