Zillow Home Values Zillow

June 21, 2011 by staff 

Zillow Home Values ZillowZillow Home Values Zillow, The home prices are falling throughout the state with the median home price falling more than ten percent in May. Many local real estate agents say that despite the lower sales prices they are seeing an increase in activity, even when accompanied by smaller numbers than in the past.
“God, I’ve been busier than I’ve been in many, many years,” said Kym Campbell WM Campbell Real Estate.
According to, there are currently 585 homes on the market in the area of?? Chico, with an average selling price of 219,000 y. that’s down from 14.3 percent last year.
Campbell says there is no doubt home prices have fallen in the last year, but he does not believe has fallen so far. In fact, statistics show that the average selling price of a house in Chico, in the last three months and more than 260,000.
“There is some wonderful buying especially for first-time homebuyers in the range of 200 to 250. That part of our sales have been wonderful,” said Campbell. “The higher ranks, you know 900. That’s a hard question to know the pool of buyers is much smaller.” Redding Statistics show home prices have fallen 11.5 percent, while Red Bluff home prices are down 18.6 percent.
“Things have been established without doubt. A lot of it has to do with banks getting more organized,” said Campbell.
No matter the price, real estate agents say that one of the biggest challenges they face in today’s market is securing financing for homebuyers.
“I’ll have a buyer who has perfect credit, who have money, they have a job and there are still things to come,” said Campbell.
As for when the property prices will increase, Campbell says he hopes to come in the coming years.
“That’s like saying what you think the stock market is going to do. We’ll I can tell you what I’d do it, but who knows,” said Campbell.
The funding problems are not limited to homebuyers. Many homebuilders are having trouble getting financing for development. That’s one reason housing starts has fallen in recent years.

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