Interesting facts about Chico home sales

According the Chico mls, the number of Chico home sales (single family homes) last year at this time was 608. Year to date the number of homes sold is 654. This chart tells me we have two different markets in Chico. Under $300k seems to be going strong. As it should be with interest rates at historic lows.
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Watch this video about 17 Burney Drive in Chico, Ca

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According to Tom Royce of the “The Real Estate Bloggers” 1 in 3 Buyers come from the Internet.

1 in 3 Buyers Now Come From The Internet by Tom Royce on May 26, 2009 Sometimes a picture tells the story: Newspapers-selling-homes-no-more Obviously newspapers are nearly useless to real estate agents now. The investment that was made in advertising in the papers should be moved to the internet, either through websites or tools to get maximum exposure for the agents listings. In real estate we have already seen the value of newspapers virtually disappear in terms their power to attract buyers. The following chart is one that I recommend every agent have on hand during a listing appointment. It clearly shows where buyers are finding the homes they buy, and it’s not the newspaper. Better Homes and Gardens Real Estate.

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Chico Home Prices and Home Values

According to Zillow’s Real Estate Market Reports for August 2010, Chico home values were Up 1.3% compared to July 2010 and Up 4.6% compared to August 2009.

Chico Zillow Home Value Index

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