Love’s ReaL estate Market Weather “Man, the stock market has been going up and down like a yo-yo,” said my friend JP. “It makes my blood pressure go straight up.” JP poured his fourth cup of coffee. His hand shook as he pointed at me and said, “We’ll see the real estate market go down, too. My blood pressure is going up as we speak.” He lifted his coffee cup and gulped. “You think it might be because of all that coffee?” I asked. “No. Coffee futures are pretty stable. It’s the big corporate stocks taking down the market.” I called my friend the Finance Guy and put the speaker phone on so JP could listen in. “Will the real estate market be affected by the stock market?” I asked. “Traditionally, the fibrillation frequencies in housing do not synchronize with the radical fluctuations seen in commodities,” the Finance Guy said. “The obligation elements inherent in the purchase and maintenance of real property discourage extreme speculative behavior such as one might witness inside the hallowed confines of the stock exchange.” “Huh?” JP said. I pushed the “mute” button to screen out JP’s comments. “However,” continued the Finance Guy, “at times, real estate markets do go through periods of irrational exuberance, wherein price
points may indeed display such aforementioned fluctuations.” JP rolled his eyes. I said to JP, “The phone is on ‘mute’ so you can talk.” “Good,” JP said. “This guy’s a real egg-head.” “I heard that,” said the Finance Guy. “Oops.” I pushed the mute button again. The Finance Guy went on. “Considering the binary nature of investments with real estate and stocks we find a certain commonality in cause and effect.” JP leaned back, closed his eyes, and patted his mouth with the palm of his hand, as if stifling a yawn. On went the Finance Guy. “Your question, I assume, is promulgated by the current stock market fluctuations. The winter downturn was caused in part by storms, snow and ice that stalled economic activity, affecting the stock market, and in turn real estate, but I assure you, for the very short term.” “What did he say?” asked JP. “I think he said the real estate market and stock market are affected by the weather,” I said. “Just what I need,” said JP, “an egg-head weatherman.” “I heard that.”
1344 LABURNAM AVE • CHICO Here is a classic Chico charmer in the Avenues that has been given a face-lift! She’s a beauty! New paint inside & out, new windows, new flooring throughout, granite counters, stainless steel appliances, new fixtures, etc. There is large basement that could be used for a number of things; extra storage, wine cellar, etc. Two car detached garage with an extra shop area. And there is even a hot tub situated privately on the side of the house. This house is located in a desirable area in close proximity to Downtown, Enloe Hospital, and CSUC. Come and take a look! You won’t be disappointed!
OpEN HOUsE tHIs wEEkENd! sAtURdAy & sUNdAy 11AM-4pM LIstEd At: $329,900 Garrett French | Realtor | Century 21 Jeffries Lydon (530) 228-1305 | GarrettFrenchHomes.com
Doug Love is Sales Manager at Century 21 Jeffries Lydon email escrowgo@aol.com or call 530.680.0817
www.century21JeffriesLydon.com Ask the Professionals at Century 21 — 345-6618 Picture Perfect erfect
Decorator’s Dream
Immaculate 3 bedroom, 2 bath, 1558 home, with SOsqLft D many decorator touches. $275,000
Now’s a great time to sell!
two fire places, hardwood, dual pane windows & many other upgrades
g
pendin $239,400
NEW: Big Chico Creek Estates. 4 bd, 3 ba, 3352 Sq feet.
5 acres just waiting
Prices are rising and so are the rates! Call me!
Amber Grove, 2200 sq ft, 4/2, pool, 3 car garage and RV parking.
Call & see today!
SMILES ALWAYS
KiMBerLeY tONGe | (530) 518-5508
for a new Home
Alice Zeissler | 530.518.1872
Joyce Turner
571–7719 • joyce_turner@ymail.com
The following houses were sold in Butte County by real estate agents or private parties during the week of April 28, 2014 – May 2, 2014. The housing prices are based on the stated documentary transfer tax of the parcel and may not necessarily reflect the actual sale price of the home. ADDRESS
TOWN
PRICE
BR/BA
ADDRESS
TOWN
PRICE
BR/BA
2295 Laurel St
Chico
$150,000.00
3/ 1
1020
3 Hall Dr
Oroville
$125,000.00
3/ 2
1824
611 Pomona Ave
Chico
$106,000.00
3/ 1
1078
1772 Honeysuckle Ln
Paradise
$400,000.00
3/ 3.5
2739
335 Skyline Blvd
Oroville
$304,500.00
2/ 3
2275
3621 Sunview Rd
Paradise
$390,000.00
3/ 2.5
2688
11 Kokanee Dr
Oroville
$280,000.00
3/ 2.5
3195
7337 Skyway
Paradise
$325,000.00
2/ 1
992
253 Crestmont Ave
Oroville
$237,000.00
3/ 2
1377
1043 Buschmann Rd
Paradise
$280,000.00
2/ 1
960
8693 Chrishelle Way
Oroville
$215,000.00
1/ 2
752
5220 Falcons View Ct
Paradise
$245,000.00
3/ 2
1716
11 Ardee Ct
Oroville
$173,500.00
3/ 1
1820
1642 Gate Ln
Paradise
$197,500.00
3/ 2
1568
2730 Orange Ave
Oroville
$157,500.00
4/ 2
2217
300 Redbud Dr
Paradise
$176,000.00
3/ 2
1755
2451 Oro Quincy Hwy
Oroville
$145,500.00
2/ 1
1218
1767 Whitaker Rd
Paradise
$170,000.00
2/ 2
1314
85 Oakvale Ave
Oroville
$145,000.00
2/ 1
949
5915 Pine View Dr
Paradise
$165,000.00
3/ 2
1540
8075 Utah Ave
Oroville
$139,000.00
3/ 2
940
5795 Deanna Way
Paradise
$151,000.00
3/ 2
1664
42 CN&R May 15, 2014
SQ. FT.
SQ. FT.