Chico California Real Estate Market Statistics 3rd Quarter 2012

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The quantity of single family residences that successfully closed escrow during the month of September dropped approximately 30% from the prior month of August to sixty one. Eighteen of those homes were distressed sales or approximately 29%. The average sales price increased from the month of August to $287,805 while …

HUD REO A Bureaucracy of Duplicity and Contradiction Bulk Sales

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In August of 2011 one of the contracted HUD asset management
companies threw out a question for agent response. Basically, asking what we
thought about the government turning REO properties into rentals. My thoughts
then, as now is the same. Although in areas of neighborhood blight due to vast
quantities of vacant properties, this …

Chico Real Estate Market Statistics August 2012

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During the month of August there were eighty six single
family residences sold within the city of Chico. The quantity of distressed
sales-that is either bank owned or short sale-made up approximately 24% of the
homes sold. We had an average sales price of $267,058 with a median sales price
of $257,950 and an …

HUD Single Family Asset Disposition Program A Bureaucracy of Duplicity and Contradiction-Part 2

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Oh happy day-well partially so. Way back on May 30th
of this year I submitted a FOIA (Freedom of Information Act) request to the
Department of Housing and Urban Development requesting the total quantity of
HUD REO homes sold during the year 2011. I also requested how many of the homes
sold through their …

Chico Real Estate 6 month Statistic Review 2012

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The Chico single family real estate market has seen some
positive growth during the first six months of 2012 but with the ever present “shadow
inventory”; I’m holding out in saying it’s a complete improvement.  Throughout this article I am only looking at
sales of single family residences as reported in the CRMLS …

HUD Single Family Asset Disposition Program A Bureaucracy of Duplicity and Contradiction

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HUD’s Single family Asset disposition program-which basically sells FHA insured mortgaged homes of one to four units that have foreclosed and have been transferred back to HUD after a lender’s claim has been paid-began to use privately held companies to market and manage these assets during a pilot program which …

Chico Real Estate Market Statistics-January 2012

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Today I will be looking at the January 2012 Chico real estate market statistics for single family residences, which appears to an improvement over last year. We had a total of forty six homes sold with an average selling price of $270,327, a median selling price of $240,000 and an …

Chico Real Estate-A Year in Review

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Today
marks the launch of Chico Real Estate Trends-To start I am looking at the Chico
real estate market yearend review for 2011-specifically, the single family
residence market. For added reference I will refer back to statistics that are
taken during the peak of our market-second quarter of 2006, as well as the
statistics from …

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