Jeanean Gendron, Your Shasta County Real Estate Specialist: Redding CA ~ Gold Hills Market Report 11/08

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

At the end of August we had:

9 Actives - Median Price $519,000, 1 Pending - Median Price $530,000, 2 Closed - Median Price $510,750

For the end of September we see some changes with 3 new solds and 1 pending.

9 Actives - Median Price $550,000, 1 Pending - Median Price $309,900, 3 Closed - Median Price $466,660

At the end of October we had:

9 Actives - Median Price $469,000, No Pending Transactions and 2 Closed - Median Price $324,500.

At the end of November we had:

9 Actives - Median Price $503,155, No Pending Transactions and No Closed Transactions. We saw a decrease of 9.36% in List Price during the two months of October and November, 2008.

**With the Wall Street fiasco and the uncertainty in the Banks lending, we have had sharp list price decline and a 6.7% drop in closed or sold listings for Redding. We will continue to see foreclosures and short sales which will influence the market for further decline. If you need to sell in this market you should act as prices will continue to decline. For Buyers if you are interested in the entry level market, now may be a good opportunity for First Time Buyers and Investors with interest rates at good lows. The numbers work. The higher priced market segments will continue to see decline.

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! We aer seeing declining prices for this local market in access of the general market trend.

• 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 proverty 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 Planetarium ~ Turtle Bay Exploration Park ~ Shasta State Historica Park ~ Sacramento River Trail/Caldwell Park ~ Sacramento River Trail Map Redding Community Services ~ Shasta 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. Visit our website to learn more about Redding and Shasta County Real Estate. Luxury Homes, All MLS Listings by Price, Jeanean's Total Real Estate Resource, Short Sale Information and Listings.