Just how low is LOW?

As of this morning, there were only 56 single family detached homes available in Chico. It apparently hasn’t been this low since at least 2002!  This graph shows the average through January, which indicates an inventory of 60 units.  February offers even better opportunities to sell- the inventory is still deteriorating.

To put that crazy 56 number into perspective, there are currently 100 pending sales, and 56 sold in the past 30 days. We only have about two week’s worth of inventory!

Suffice it to say, buyer’s agents are working extra hard to find properties to suit their buyer’s needs. When a property is priced correctly, it is likely receiving multiple offers in a short amount of time. Median days on market is only 7!

Something to consider. Sellers are receiving 98-100% of their original asking price on average. What that tells us is that although we have an extreme shortage of inventory, buyers are not routinely going crazy with their bids. An overpriced listing will sit. A seller might not enjoy many showings, and low offers may not come in despite the fact that there is very little inventory to choose from. It’s still critical to price the property wisely for best results. On the plus side, the pricing is still creeping up and it’s expected to continue to do so through the end of the year.

Make sure you engage a Chico real estate broker that you trust. Carefully review the comparable properties and recommended price range that they offer you. If you have chosen wisely, you will be working with a top producer that eats, sleeps, and breathes the real estate market and can therefore offer sound opinions and data. LISTEN to their advice closely and follow recommendations for pre-marketing strategies if they seem reasonable to you. Low inventory does not currently mean that best practices can be abandoned if you want to move your property.

LIST YOUR HOME NOW TO TAKE ADVANTAGE OF LOW INVENTORY

Traditional wisdom tells us that the best time to list is in the spring. After all, the flowers are blooming, the grass is green, the birds are chirping. Unfortunately, a large number of other Chico sellers will be putting their homes on the market at the same time, so why wait until there is more competition?

Ready to sell your Chico property?

Call 530-864-5407 or email sandi@sandibauman.com.

It would be my pleasure to discuss your unique property and potential market value.

Just how low is LOW?

Well, as of this morning, there were only 73 single family detached homes available in Chico. It apparently hasn’t been this low since at least 2002!  This graph shows the average through January, which was 98.  February offers even better opportunities to sell.

To put that crazy 73 number into perspective, there are currently 103 pending sales, and 77 sold in the past 30 days. We have less than one month’s worth of inventory!

Suffice it to say, buyer’s agents are working extra hard to find properties to suit their buyer’s needs. When a property is priced correctly, it is likely receiving multiple offers in a short amount of time.

Median days on market? 15
Sale price compared to original price? 100%
Median Sales Price? $487,245. That is up front $395,000 in January of 2020!

LIST YOUR HOME NOW TO TAKE ADVANTAGE OF LOW INVENTORY

Traditional wisdom tells us that the best time to list is in the spring. After all, the flowers are blooming, the grass is green, the birds are chirping. Unfortunately, a large number of other Chico sellers will be putting their homes on the market at the same time, so why wait until there is more competition?

Ready to sell your Chico property?

Call 530-864-5407 or email sandi@sandibauman.com.

It would be my pleasure to discuss your unique property and potential market value.

Just how low is LOW?

Well, as of this morning, there were only 96 single family detached homes available in Chico. It apparently hasn’t been this low since 2002!

To put that crazy 96 number into perspective, there are currently 148 pending sales, and 99 sold in the past 30 days. We have less than one month’s worth of inventory!

Suffice it to say, buyer’s agents are working extra hard to find properties to suit their buyer’s needs. When a property is priced correctly, it is likely receiving multiple offers in a short amount of time. If buyers and agents aren’t right on top of it, they will miss the sale.

Median days on market? 12
Sale price compared to original price? 96.9%
Median Sales Price? $395,000. That statistic is up about 7% from November 2019 through January 2020.

LIST YOUR HOME NOW TO TAKE ADVANTAGE OF LOW INVENTORY

Traditional wisdom tells us that the best time to list is in the spring. After all, the flowers are blooming, the grass is green, the birds are chirping. Unfortunately, a large number of other Chico sellers will be putting their homes on the market at the same time. Chico is experiencing an early spring anyway, so why wait until there is more competition?

Ready to sell your Chico property?

Call 530-864-5407 or email sandi@sandibauman.com.

It would be my pleasure to discuss your unique property and potential market value.

The BEST part of my day?

Handing over keys to happy new homeowners, of course!

Congratulations Allee and Dre! Thank you for the privilege of assisting you.

Wishing you many happy memories in your classic Chico home!

Chico’s home inventory level is LOW! If you’ve been kicking around the idea of selling, now is the time to call us for a FREE Home Valuation.

Just how low is LOW?

Well, as of this morning, there were only 128 single family detached homes still available in Chico. In my 12 years of real estate, I do not recall inventory ever being this low. Last January we had 229!

To put that 128 number into perspective, 77 homes sold in Chico in November, and 55 sold in December. At the rate which homes are selling, if no new homes were to come on the market in Chico, we would not have any inventory to sell after about a month!

Suffice it to say, buyer’s agents are working extra hard to find properties to suit their buyer’s needs. When a property is priced correctly, it is likely receiving multiple offers in a short amount of time. If buyers and agents aren’t right on top of it, they will miss the sale.

Average days on market? 18
Sale price compared to original price? 99.7%
Median Sales Price? $310,000. That statistic is up 6% from January 2015.

LIST YOUR HOME NOW TO TAKE ADVANTAGE OF LOW INVENTORY

Traditional wisdom tells us that the best time to list is in the spring. After all, the flowers are blooming, the grass is green, the birds are chirping. Unfortunately, a large number of other Chico sellers will be putting their homes on the market at the same time. Why wait until there is more competition?

Ready to sell?

Please call Sandi Bauman at 530-864-5407 or email sandi@sandibauman.com.

It would be my pleasure to discuss your unique property and potential market value.

Position Opening:  Real Estate Transaction Manager- Contract to Close

Chico Homes Real Estates Sales, Inc and The Sandi Bauman Team

Are you a happy, positive, energetic individual that is self-motivated and detail oriented? Do you thrive in a fast paced, high expectation environment?  We are looking for a professional candidate with leadership skills whose main goal is to successfully support a high volume real estate team.

About us:

Our compact Team closes about 175 transactions per year, and expects to continue to gain market share.  We are focused on operating in an atmosphere of excellence, integrity, respect and trust. We bring a sense of teamwork, inclusion and diversity in everything we pursue. Our clients see the results as we address their needs, solve their problems and provide exceptional service.  Our unique culture has been recognized by industry experts and our peers:

• Ranked #1 Producing Chico Listing Agent: 2010-2015
• Ranked #1 Buyer Agent Team: Butte, Glenn, Tehama Counties: 2012-2015
• Ranked #8 in California for 2013 by Real Trends.
• Named on AREAA’s (Asian Real Estate Association of America) esteemed “A” list for both production and units closed 2012-2015.

Primary Objectives:

• Transaction management- Oversee transactions from start to finish, being the liaison between escrow, title, lender, inspectors and agents. Directly solve routine issues. Complete research during escrow (i.e. zoning, easements, permits, etc.). Communicate/strategize with lead agent regarding issues that require attention.  Ensure all documents are in compliance with BRE.
• Write and negotiate purchase agreements and all associated documents.
• Build, implement, and manage systems for sellers, buyers, lead generation, database management, and back-office support. You must take ownership of the administrative side of the business.
• Create and maintain an operations manual that documents all systems and standards.
• Responsible for training, consulting, and holding accountable Team members on file management and negotiations.
• Exhibit dedication to meeting the expectations and requirementsof the client. Establish and maintain effective relationships with clients, gain their trust and respect.
• Partner with Team to help achieve team’s production and operational goals.
• Enable broker to focus on revenue generating tasks by efficiently handling operations of team.
• Assist other staff members with phone coverage and general administrative tasks.
• All other duties as assigned by management.

Preferred Qualifications:

• CA Real Estate License in good standing.
• 3+ years industry experience
• Transaction Coordinator experience.
• Interpersonal savvy- relate well to all kinds of people with diplomacy and tact.
• Be able to start and complete projects independently with minimal supervision.
• Above average computer skills.
• Super human organizational skills.
• Ability to juggle multiple projects, prioritize demands, and work under pressure.

• Ability to speak and write clearly and concisely to communicate and achieve the desired effect.
• Effectively cope with change, shift gears and readily adapt.

• Proven ability to exercise high degree of confidentiality and objectivity.

Mindset:

• Enjoys the challenge of unfamiliar tasks.
• Desire and ability to learn on your own.  Though we will train you, you will also be responsible to independently increase your own knowledge and effectiveness.
• Service based attitude.  While our work is often exciting and rewarding, it can sometimes seem tedious. You should always be willing to attack any task with your best efforts.
• No ego.  Ability to receive and provide constructive feedback on work performance.
• Team Player. This term gets thrown around loosely, yet it is at the heart of who we are and what we do.  You must possess a strong sense of loyalty.  The success of each team member depends on the high performance of everybody else on the team. A true team player will step up to pick up the slack wherever needed and will do it gladly.

Compensation:

Package includes base salary commensurate with experience and ability, per file closing bonuses, profit sharing plan, paid holidays and vacation.

Apply:

EMAIL RESUME AND COVER LETTER to sandi@sandibauman.com.  All submissions will be kept confidential.

**Please.  Serious candidates only. BRE license is mandatory.  Do NOT send resume if you don’t have BRE license.  Thank you!

Congratulations on the purchase of your new Chico home Raymond and Cindy!

Buyer Specialist Stacy sure enjoyed assisting you!

Are you ready to be a new home OWNER? Give us a call! 530-864-5407.

Congratulations on the purchase of your new Magalia home Darren!

Buyer Specialist Ginny enjoyed assisting you!

Although we are known as “The Sandi Bauman Team at CHICO Homes”, we sure do spend a lot of time in selling property up on the Ridge!

Over 225 homes sold in Paradise and Magalia!

Are you ready? Give us a call! 530-864-5407.

The BEST part of our day? Handing over keys to happy new homeowners, of course!

Congratulations, Sarah and Greyson. Thank you for the privilege of assisting you.

Wishing you many happy memories in your gorgeous new home!