Redding Real Estate ~ Luxury Golf Course Homes ~ Gold Hills Market Report 02/09

Gold Hills is a beautiful and luxury home community nestled in the foothills North of Redding. It is a lovely and prestigious community with homes backing to the golf course, golf course views and luxury amenities and views of three surrounding mountain ranges.

 Redding Real Estate ~ Luxury Golf Course Homes ~ Gold Hills Market Report 02/09

At the end of January we had:

7 Actives – Median Price $445,000, 1 Pending – Median Price $339,900, and no closed sales in the Month of January, 2009. We see an average square foot List price of $173.79. Overall Average DOM 125. The List Price Range $ is $359,000 to $699,000.

At the end of February we had:

7 Actives – Median Price $425,000, 1 Pending – Median Price $399,000, and no closed sales in the Month of January, 2009. We see an average square foot List price of $168.56. Overall Average DOM 133. The List Price Range is $359,000 to $699,000.

We continue to see slow movement in the Luxury Markets here in Redding. Due to equity lost and market value loss we have lost our local “Move Up” Buyer. Most sales are from “Out of Town” Buyer retiring, second homes or relocating. We also have local Buyers that are downsizing from larger more expensive homes.

Let’s take a look at three active listings:

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ACTIVE WITH PRICE DROP 1633 Wee Burn, Redding CA, 96003 MLS09-500, Listed at $368,000. 2025sf, 4BD2BA. DOM 41 SqFt$181.

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ACTIVE NO CHANGE–19370 Titleist Way, Redding CA, 96003, Listed at $445,000. 2714sf, 4BD2.5BA. DOM77 SqFt$163.

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ACTIVE WITH PRICE DROP–1591 Gold Hills Drive, Redding, CA 96003. Listed at $622,000. 3,445sf, 4BD2.5BA. DOM 140 SqFt$180.

We continue to see prices coming down and will continue to do so throughout 2009. Foreclosures and Short Sales will be at record numbers and drive the market down further. The Housing Stimulus Plan is too little and too late. It will not help the majority. The higher markets will continue to adjust while we see activity in the entry level/investor market.

Gold Hills remains to be one of Redding’s most prestigious communities with beautiful luxury amenities, views of three mountain ranges and the opportunity to enjoy the Shasta Lifestyle!

  • Gold Hills is 21 minutes and 13.26 miles from the Redding Airport,
  • 15 minutes and 7.33 miles from Mercy Hospital,
  • 12 minutes and 6.40 miles from Downtown Redding,
  • 9 minutes and 5.22 miles from Turtle Bay Exploration Park,
  • 12 minutes and 6.40 miles to the Cascade Theatre, and
  • 10 minutes and 6.60 miles to the Redding Convention Center.

Here are the city of Redding and Shasta County demographics and links to the many things available to the people who live The Shasta Lifestyle here in Redding and Shasta County. Enjoy!

 

Shasta County, Land area is 3,785.2 square miles, Density 47.4 people per square mile, versus California Density at 217.2 people per square mile. Population(2006 estimate): 179,951. House Hold Income: Median $37,696, Persons below poverty is 13.4% and Home ownership rate is 66.1%. Education: High School graduates: 83.3% of adults 25 and up. Bachelor’s degree is 16.6% of adults 25+.

 

Redding, population is 90,033 (in 2000), incorporated in 1887.  Average temperature in January is 55 and average July temperature is 98. Information Links for Recreation and County and City Resources:

Shasta County: A Guide to Shasta County ~ Shasta County Parks, Trails and Open Space Plan ~ Shasta County Guide to Recreation ~ California State Parks – Shasta Cascade ~ City of Redding Information Center ~ Turtle Bay Museum ~ Redding Convention Center ~ Cascade Theatre ~ Schreder PlanetariumTurtle Bay Exploration Park ~ Shasta State Historica ParkSacramento River Trail/Caldwell Park ~ Sacramento River Trail Map ~ Redding Community ServicesShasta County Library ~ Shasta Historical Society

I am Jeanean Gendron your Redding and Shasta County Specialist. You can reach me at 530 276-7417. I answer my phone. If you’d like to take a look at some houses in Palo Cedro, give me a call. It looks as though there are some good deals available while some are still over priced.

Gold Hills Market Report for January 2009

Gold Hills Localism

All Active Listings For Gold Hills

All Short Sale Listings

All Foreclosure Listings

Visit My Website to Create an Account to Search all MLS Listings and create your own account for saved searches. Receive emails on new listings.

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Comments

  1. says

    Oh my goodness! an amazing write-up dude. Thanks However I’m experiencing issue with ur rss . Dont know why Unable to subscribe to it. Is there anyone getting identical rss problem? Anyone who knows kindly respond. Thnkx

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