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As all real estate is local, this week and for the next couple of weeks, I wanted to break down the 2007 Chico real estate statistics for each of the six areas of Chico, beginning with area 1a of the Sierra North Valley MLS. Area 1a is located in the Northwest area of Chico. For [...]

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In the Sierra North Valley MLS covering the six areas of Chico, 1a-1f, there are 329 active single family residences available for the week ending January 18th. In total the average days on the market (DOM) is 103. All listings average an asking price of $421,582 while the median asking price is $354,950. During the [...]

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This week I’ll be looking at the 2007’s year end totals. Overall there were 802 single family residences sold within the six areas of Chico as documented by the Sierra North Valley MLS. This number represents an approximate 5.7% decrease in quantity over last year’s total of 851. The year’s average price ended at $358,350-the [...]

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For the week ending January 4th there are 306 active single family listings in the six areas of Chico listed in the Sierra North Valley MLS. This total inventory has an average time on the market of one hundred two days. Additionally, the median asking price for this group of homes is $351,725, while the [...]

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For the week of December 15th through the 21st there were three hundred forty four active single family residence listings in the six areas of Chico within the Sierra North Valley MLS. The median price of these listings was $359,000, while the average asking price was $430,405 with combined average days on the market (DOM) [...]

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This week I’m going to switch it up a little bit and take a look at the Chico Condo market in the six areas of Chico within the Sierra North Valley MLS during the first three quarters of 2005, 2006 and 2007. Beginning with the peak of the condo market in 2005 there were a [...]

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