No April Foolin'!

Spring is here, and the market is definitely picking up! Today we have 405 active single-family residential listings in our Chico area Multiple Listing Service (down from an all-time high of over 600 last year). There are 107 s-f homes in escrow (pending), and just in the past month 40 s-f homes sold (closed escrow). As CSUC graduation approaches in May, we'll no doubt see more "parent investors" coming to Chico to check out the possibility of purchasing a home or condo for their students' remaining years of school. Depending on condition and location (I always say the students like to be within "spittin' distance" of campus), one may be able to rent the extra bedrooms for $400 - $450 per bedroom per month. (In some of the funky old "porch-couch ready" campus area homes, every nook and cranny has been turned into a "bedroom"!). The ChicoLaura Team is gearing up for a busy spring and summer! (Check out the ChicoLaura web site: www.ChicoLaura.com )