Realty World – Tri Shasta

Southern Shasta County and Northern Tehama County Real Estate
Sorry I have not blogged withing the past few weeks. I found out I was pregnant, which was some great news, and everything got a little hectic after that. I just wanted to let all of my readers know that I was think of you and felt guilty that I had not posted any new material to read. I will try my best from now on to continue to post new articles at least once a week. Now, shall we continue with this weeks market analysis?
Anderson (Including Happy Valley)
There is currently 113 active listings in the Anderson area. The average days on the market is currently sitting at 134 days. The low price is $69,900; the high price is $2,400,000; the average price is $322,602; and the median price is $209,900.
There is currently four listings available for under $100,000; there are 49 listings between $100,000 and $200,000; there are 24 between $200,000 and $300,000; 18 between $300,000 and $400,000; five between $400,000 and $500,000; three between $500,000 and $600,000; three between $600,000 and $700,000; one between $700,000 and $800,000, none between $800,000 and $900,000; one between $900,000 and $1,000,000; and five above $1,000,000.
There were 20 new listings within the past week, list prices ranging from $79,000 to $479,000. There is currently 54 listings in escrow, list prices ranging from $28,000 to $649,000.  There was four closings within the past week, list prices ranging from $ 143,900 to $199,900 and sales prices ranging from $138,000 to $206,000.
Cottonwood (Including Lake California)
There is currently 149 active listings in the Cottonwood area. The average days on the market is currently sitting at 152 days. The low price is $44,275; the high price is $1,395,000; the average price is $252,359; and the median price is $214,000.
There is currently five listings available for under $100,000; there are 69 available between $100,000 and $200,000; 47 between $200,000 and $300,000; 13 between $300,000 and $400,000; seven between $400,000 and $500,000; two between $500,000 and $600,000; three between $600,000 and $700,000; one between $700,000 and $800,000; none between $800,000 and $900,000; none between $900,000 and $1,000,000; and two above $1,000,000.
There were 27 new listings within the past week, list prices from $44,275 to $469,900. There is currently 32 listings in escrow, list prices from $97,800 to $739,900. There were three closings within the past week, list prices from $160,000 to $206,900 and sales prices from $140,000 to $205,000.

Southern Shasta County and Northern Tehama County
Anderson (Including Happy Valley)
There is currently 117 active listings in the Anderson area. The average days on the market is currently standing at 126 days. The low price is $73,300, the high price is $2,799,000, the average price is $300,992, and the median price is $200,000.
There are currently three listings available for under $100,000; there are 55 between $100,000 and $200,000; 23 between $200,000 and $300,000; 19 between $300,000 and $400,000; five between $400,000 and $500,000; three between $500,000 and $600,000; three between $600,000 and $700,000; two between $700,000 and $800,000; none between $800,000 and $900,000; one between $900,000 and $1,000,000; and three for above $1,000,000.
There were 15 new listings on the market within the past week, list prices ranging from $115,000 to $321,950. There is currently 50 listings in escrow, list prices ranging from $28,000 to $649,000. There were three closings within the past seven days, list prices ranging from $165,000 to $198,900 and sale prices ranging from $166,000 to $198,900.
Cottonwood (Including Lake California)
There is currently 142 active listings on the market in the Cottonwood area. The average days on the market is currently standing at 159 days. The low price is $44,275, the high price is $1,395,000, the average price is $268,625, and the median price is $219,950.
There is currently two listings available for under $100,000; there are 60 between $100,000 and $200,000; 48 between $200,000 and $300,000; 13 between $300,000 and $400,000; nine between $400,000 and $500,000; four between $500,000 and $600,000; three between $600,000 and $700,000; one between $700,000 and $800,000; none between $800,000 and $900,000; none between $900,000 and $1,000,000; and two for above $1,000,000.
There were 20 new listings on the market within the past week; list prices ranging from $109,900 to $549,000. There is currently 40 listings in escrow, list prices ranging from $97,800 to $739,900. There were three closings within the past seven days, list prices ranging from $165,000 to $224,900 and sale prices ranging from $165,000 to $227,000.

If the Seller is current with their payments even though they may be upside down in their home.
When there is no real hardship that has caused the delinquency of payments.
If the property is a second home or an investment property. There have been some exceptions.
When the Seller has filed for bankruptcy protection under Chapter 7 or Chapter 13.
A recent cash-out refinancing of the home prior to the Seller deciding to sell the home or the Seller has recent Home Equity Line of Credit.
When the proceeds of the sale are not sufficient to satisfy the Lender in the first position and giving sufficient percentage to those junior liens after all closing costs are paid in full.
Clouds on the title due to outstanding liens.
The time frame for the sale process is not adequate to complete the sale.
The Seller has access to enough funds to be able to satisfy the outstanding debt from the proceeds of the sale of the home.
The Seller wants to receive monies from the sale of the home after the discounted payoff to the Lender and all closing costs.
Potential zoning or building code violations.
The Short Sale Submission Package is incomplete.