Paradise Real Estate Source

Tammy Waller, Chico Real Estate, Chico Realtor, Chico California Real Estate

Tammy Waller Aviles

Broker, Owner

Realty Executives

Waller Real Estate

1299 East Ave. Suite B

Chico, CA 95926

Cell: (530) 354-1380

Email

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About Tammy

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Waller Real Estate proud member of the Chico Chamber of Commerce

Chico Realtor, Real Estate Agent Chico, Chico Real Estate

As of 07/06/08-340 active listings in Paradise Area's 2a, 2b, and 2c

Paradise Market Watch

The Second quarter of 2008 stats are in!

In total there were ninety three single family homes sold during the second quarter of 2008. In comparison to the second quarter of 2007, this number reflects an approximate 25% drop in quantity of homes sold, while comparing the totals from the first quarter of 2008, we are up approximately 29% in total homes sold. The average days on the market (DOM) is down slightly from the second quarter comparison of 2007 to eighty five days versus eighty seven days. The average price for the second quarter of 2008 totaled $259,880, while the average in the second quarter of 2007 had an average selling price of $284,868. The median selling price for 2008’s second quarter-down just over 12% from 2007’s median of $255,000. Since the peak experienced in Paradise in the fourth quarter of 2005, the Paradise market has declined a total of 23%.

The graph above and the hard numbers below is compiled from data from the Sierra North Valley Multiple Listing Service (MLS), and does not include sales stats for any and all properties not listed in the MLS; including new home construction sold by the builder directly or For Sale By Owners.

If you would like information on what home prices are doing in your neighborhood, I'm just a phone call or email away and would be more than happy to assist you.

Paradise 2008

2008 Total	Average Price	Median Price	DOM
159	$258,745	$220,000	86
1st Qtr 2008
66	$257,146	$219,500	87
2nd Qtr 2008
93	$259,880	$223,000	85
3rd Qtr 2008

4th Qtr 2008

By Type
SFR up to 2 bed
64	$180,069	$174,500	82
SFR 3 bed
83	$290,145	$262,000	85
SFR 4 plus bed
12	$461,166	$483,500	113

Paradise 2007

2007 Total	Average Price	Median Price	DOM
408	$283,693	$255,000	85
1st Qtr 2007
88	$285,743	$274,000	88
2nd Qtr 2007
125	$284,868	$255,000	86
3rd Qtr 2007
115	$286,919	$260,000	74
4th Qtr 2007
80	$275,591	$239,000	92
By Type
SFR up to 2 bed
167	$219,753	$212,500	76
SFR 3 bed
210	$304,810	$284,125	91
SFR 4 plus bed
31	$485,096	$465,000	90

Paradise 2006

2006 Total	Average Price	Median Price	DOM
465	$312,410	$280,100	71
1st Qtr 2006
99	$314,217	$272,500	71
2nd Qtr 2006
134	$324,641	$285,875	62
3rd Qtr 2006
121	$314,145	$286,000	75
4th Qtr 2006
111	$293,593	$279,000	80
By Type
SFR up to 2 bed
191	$247,011	$239,000	67
SFR 3 bed
238	$341,145	$310,500	69
SFR 4 plus bed
36	$469,417	$468,250	104

Paradise 2005

2005 Total	Average Price	Median Price	DOM
651	$301,322	$275,900	44
1st Qtr 2005
127	$279,733	$256,000	112
2nd Qtr 2005
206	$296,610	$273,950	82
3rd Qtr 2005
193	$306,411	$285,000	50
4th Qtr 2005
125	$323,259	$290,000	43
By Type
SFR up to 2 bed
276	$241,814	$235,000	60
SFR 3 bed
326	$320,540	$297,750	72
SFR 4 plus bed
49	$508,654	$470,000	109

Paradise 2004

All SFR	Average Price	Median Price	DOM
639	$252,945	$235,000	98
1st Qtr 2004
108	$222,784	$199,900	104
2nd Qtr 2004
203	$247,752	$235,000	99
3rd Qtr 2004
171	$259,999	$235,000	88
4th Qtr 2004
157	$272,724	$250,000	104
By Type
SFR up to 2 bed
255	$201,896	$199,900	89
SFR 3 bed
353	$277,486	$265,000	103
SFR 4 plus bed
31	$393,412	$375,000	117