Mt Shasta, CA home prices rise and number of sales grows
Some good news is in store for Mt Shasta, CA home sellers. After two years of uncertainty and fence sitting, prices in Mt Shasta have experienced a turn around and the number of homes sold in the first quarter of 2009 is has increased greatly over the number of homes sold in the same time frame in 2008.
***This graph reflects information gathered from the Siskiyou Association of Realtors Multiple Listing Service and may not include private sales data***
The blue line indicates the average asking price of homes that sold in each quarter starting in January 2007 and ending December 2008. The red line indicates the actual sales price trends. Notice that between the third and fourth quarters of 2008 both lines increase from less than $300,000 to over $350,000 and $400,000. Also, the average sales price of homes in Mt Shasta is within 10% of the asking price. This is good news because sellers have been worried about receiving “low ball” offers far below asking price. As we can tell from the increase in asking price and sales price, this is not a pertinent issue in Mt Shasta.
***This graph reflects information gathered from the Siskiyou Association of Realtors Multiple Listing Service and may not include private sales data***
As you can see, the first quarter is traditionally the least productive quarter of the year and we are close to the end of the second quarter already. The number of homes sold in Mt Shasta so far in the second quarter has already almost doubled the number sold in the first quarter and we still have three weeks left for the properties in escrow to close.
Summing it up: Prices in Mt Shasta are rising, if you are a buyer, this is the time to scoop up the good deals before prices start to rise. Sellers, this is a great time to entice buyers before prices get too high that fewer people can afford to buy. My advice for sellers is to contact me immediately so I can visit your property, explain your options and show you how I can market your property to more buyers than any other Realtor in the area. My advice to buyers is to call me today, let me show you the homes for sale and give you the information you need to make an informed decision and buy the property that is perfect for YOU.
To see a great buy available in Mt Shasta right now, click here.
To get tips on selling your house yourself, check out my Tips for FSBOs.
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Jessica Murr
Richter Scale Real Estate – Realtor ™
Platinum Property Management – Owner, Manager
Mt Shasta Real Estate Consulting – Owner, Consultant
Mobile: 530-941-6061
Email: JessicaMurr@RichterScaleRE.com
www.RealtorJessicaMurr.com
