The third quarter of 2018 Redding single family sales, as reported by the Multiple Listing Service, indicates 99 homes have sold ranging from $175,000 to $1,995,000 with a median sales price of $560,000. The average negotiated price is 95.3% of the last asking price. Comparing to 2017 third quarter sales, 107 homes sold ranging from $100,000 to $1,100,000 with a median sales price of $485,000 and an average negotiated sale price of 97% of the last asking price. Attached is a list of the Redding sales with address and sale price.
With 96 homes in Redding currently on the market, the buyers are in the “driver’s seat.” They don’t feel a sense of urgency to make a decision and they want everything to be in turn-key, move-in condition. Lower priced homes are most affordable and are receiving the most interest. Meanwhile we continue to promote the special small town character and many benefits of living in Redding. Our Redding satellite office at 16 Old Mill Road gives us the hometown advantage to do just that.
Enjoy the Fall and fast approaching holiday season,