We hear on the news how California and the nation’s housing markets are doing this year compared to last, but how about Chico?
I compared December of 2007 to December of 2008. For starters, we have fewer homes on the market, down about 10% from 350 to 315. The average days on the market is also lower [...]

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Chico MLS Single Family Homes
Last Week 
This Week 
Up or Down

Week Ending

12/19/2008

12/26/2008

Active homes for sale

315

313

Down 2

Median price, active

$347,000

$345,000

Down 2K

New listings

16

9

Down 7

Escrows opened

14

1

Down 13

Escrows closed

15

18

Up 3

Avg days on market

52

79

Up 27

SNVMLS Chico  1A to 1F
 
 
 

Search for Chico real estate through the MLS. Click here.
Source: Sierra North Valley MLS, Chico Urban Areas 1A to 1F

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Chico MLS Single Family Homes
Last Week 
This Week 
Up or Down

Week Ending

12/11/2008

12/19/2008

Active homes for sale

333

315

Down 18

Median price, active

$350,000

$347,000

Down 3K

New listings

24

16

Down 8

Escrows opened

14

14

=

Escrows closed

12

15

Up 3

Avg days on market

53

52

Down 1

SNVMLS Chico  1A to 1F
 
 
 

Search for Chico real estate through the MLS. Click here.
Source: Sierra North Valley MLS, Chico Urban Areas 1A to 1F

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When many think of the term “silent second” they conjure up a sneaky mortgage that could potentially be fraudulent.
But there is also the helpful silent second, often used by cities or counties in mortgage assistance programs .
Silent second mortgages have also been used as a workaround when home owners are behind on their mortgages. Rather than foreclose, the [...]

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In all the discussions around mortgage bail-outs, is anyone talking about using a “silent second” as part of the process? .Don’t forgive the underwater mortgages, split them into a first and a second.
In Chico we have a mortgage subsidy program. With the program, a first time home buyer can get a 30K to 70K loan, recorded as [...]

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Last night my husband called me from the back of the house, “Debbie, get in here, I have to show you something!” I left my cozy position on the couch, and went to the master bathroom.
There he showed me his pride-the ant bait he placed earlier in the day was being attacked by a virtual army. [...]

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Chico MLS Single Family Homes
Last Week 
This Week 
Up or Down

Week Ending

12/05/2008

12/11/08

Active homes for sale

341

333

Down 8

Median price, active

$350,000

$350,000

=

New listings

14

24

Up 10

Escrows opened

4

14

Up 10

Escrows closed

16

12

Down 4

Avg days on market

61

53

Down 8

SNVMLS Chico 1A to 1F
 
 
 

Search for Chico real estate through the MLS. Click here.
Source: Sierra North Valley MLS, Chico Urban Areas 1A to 1F

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Chico MLS Single Family Homes
Last Week 
This Week 
Up or Down

Week Ending

11/28/2008

12/05/2008

Active homes for sale

337

341

Up 4

Median price, active

$355,000

$350,000

Down 5K

New listings

14

14

=

Escrows opened

7

4

Down 3

Escrows closed

17

16

Down 1

Avg days on market

66

61

Down 5

SNVMLS Chico  1A to 1F
 
 
 

Search for Chico real estate through the MLS. Click here.
Source: Sierra North Valley MLS, Chico Urban Areas 1A to 1F

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I hate to bore everyone with facts and figures, but sometimes the numbers tell the story best.
Last week I received the number of actual homes sold by foreclosure in Butte County for October. Here is a recap of the year-to-date:
January            26
February          67
March              51
April                68
May                 55
June                 81
July                  90
August            110
September        97
October            63
I was pleased that the numbers seem [...]

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Chico MLS Single Family Homes
Last Week 
This Week 
Up or Down

Week Ending

11/21/2008

11/28/2008

Active homes for sale

346

337

Down 9

Median price, active

$359,500

$355,000

Down 4.5K

New listings

9

14

Up 5

Escrows opened

17

7

Down 10

Escrows closed

17

17

=

Avg days on market

89

66

Down 23

SNVMLS Chico 1A to 1F
 
 
 

Search for Chico real estate through the MLS. Click here.
Source: Sierra North Valley MLS, Chico Urban Areas 1A to 1F

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