PO Box 7804, Chico, CA 95927 | P: 530.809.1147 | tara@balloucompany.com | www.balloucompany.com

Ballou Digest[Q2 2018]

Real Estate Topics Ballou Digest | Q2 2018

Real Estate Topics1. Market At A Glance

2. Featured Listings

3. Ballou’s Corner

I. About Ballou Company

II. Meet The Owner

III. Meet Our Newest Agent, Amy Nelms

IV. Wants and Needs — From our clients who are looking to buy…

Market At A Glance[May Stats in California]

Residential Sales The real estate market was out of control this quarter (in a good way)! Although home sales were down, the median price of homes sold soared to $600,860 in California… this is a 9.2% YTY increase and a 15% increase compared to last quarter. The median days on market was only 15 days, which is incredible! The average price per square foot increased to $286, which is a 6.7% YTY increase and a 7.9% increase compared to last quarter. The median price, price per square foot, and interest rates are the highest they’ve been since I started collecting data in 2016. The median days on market is the lowest it has been since I started collecting data. This is great news all around!

Market At A Glance Ballou Digest | Q2 2018

Market At A Glance[Stats in California]

Residential Sales The charts below show the “Market At A Glance” statistics compared to the previous quarters.

Market At A Glance Ballou Digest | Q2 2018

350,000

383,333

416,667

450,000

05/201611/201605/201710/201705/2018

Existing Home Sales

$450,000

$501,667

$553,333

$605,000

05/201611/201605/201710/201705/2018

Median Price

0.0

1.7

3.3

5.0

05/201611/201605/201710/201705/2018

Unsold Inventory (Months)

0.0

11.7

23.3

35.0

05/201611/201605/201710/201705/2018

Median Time on Market (Days)

$200

$230

$260

$290

05/201611/201605/201710/201705/2018

Price Per SQ Feet

95%

97%

98%

100%

05/201611/201605/201710/201705/2018

Sales to List Ratio

25%

28%

32%

35%05/201611/201605/201710/201705/2018

Affordability Index

0.0%

1.5%

3.1%

4.6%

05/201611/201605/201710/201705/2018

30 Year Fixed Rate

Featured Listingsby Ballou Company

Featured Listings Ballou Digest | Q2 2018

Ballou Company’s Current Listings1365 Broadway Street, Plumas LakeFarm and Ranch Property: $899,000 Two homes on 19.94 acres with a shop and studio, 2 septic systesms, 1 ag well, 1 domestic well, and so much more to offer. Could be used for agricultural use, farming, development, or a family compound!Click Here for more details.

0 Olive Hwy, OrovilleCommercial Vacant Land: $898,000 24 acres on two separate parcels that can be sold together or separately, with over 900 feet of frontage on Olive Hwy. Close to Oroville Hospital, and amazing views! Zoned C-2.Click Here for more details.

4400 Sandpiper Lane, Paradise - PRICE REDUCED $50k!Horse Property with Custom Home: $749,000 4 bedroom, 3.5 bath luxurious home with million dollar views on 40 acres, with a top-notch horse facility designed by an International 3-Day Event rider and trainer! Owned solar. 3-stall barn and a nice jumping arena. Uniquely located close to Camelot Equestrian Park, and with private access to the Paradise Airport, this property is ideally suited for riders and pilots alike.Click Here for more details.

1837 Garden Road, Durham - NEW!Horse Property with Custom Home: $685,000 4 bedroom, 3 bath country home with a beautiful wraparound porch, owned solar, impeccable landscaping, a huge backyard, garden area, white vinyl fencing, and more. 2-stall MD Barn with oversized stalls, paddocks, and an arena. Click Here for more details.

6901 Lower Wyandotte Road, OrovilleFor Sale: $619,000 3bed/3bath home on almost 18 acres. There is a natural year around pond on the property and the home is surrounded by century old olive trees with a producing orchard. The canal is the source of irrigation.Click Here for more details.

3561 Clark Road, Butte ValleyFor Sale: $599,000 Relaxing retreat in Butte Valley! This tranquil property has it all: a year-round spring fed creek with private access and viewing platform, pond, pool with outdoor shower, hot tub, a box car, guest quarters, basketball court, fruit trees, blackberry bushes, a cottage studio, and so much more. Income potential: the cottage is rented for $850/mo and the box car is rented for $525/mo.Click Here for more details.

2100 Alice Ave, OrovilleRanch Home on Acreage: $460,000 3bed/2bath manufactured ranch home on 6 acres. The property is fenced for livestock, horses, and more. The home has an open floor plan with a large country kitchen. The property also has a large shop/barn, a manmade pond, ag well for irrigation, and more.Click Here for more details.

0 Clark Road, Butte ValleyLand For Sale: $439,000 47+ acres of pure country bliss! This is a beautiful piece of property in the heart of Butte Valley, surrounded by custom homes and ranchettes. Ideal for a country home, horse facility, vineyard, livestock, etc. There are magnificent sunset views on this property, as well as a year-round creek that runs through it. Click Here for more details.

3060 Thorntree Drive #100/110, ChicoCommercial Warehouse For Sale: $379,000 This warehouse+office combo has 3,920 sq ft and the price was just reduced by $20k! Located within the Thorntree Industrial Park in North Chico. Private yard and three rollup doors. Currently split into two units, with offices and bathroom in each unit.Click Here for more details.

430 Oakvale Ave, OrovilleFor Sale: $375,000 Modern luxury embodied in this 3bed/3bath home. Every detail was carefully selected and quality crafted. This home has a backyard retreat, outdoor kitchen with covered patio, privacy fence with garden style landscape, and unite pool with handcrafted water features.Click Here for more details.

507 Broken Springs Rd, OrovilleFor Sale: $266,800 One home, two parcels, and almost 16 acres overlooking Ponderosa Reservoir. The home has 2 bedrooms and 2 bathrooms.Click Here for more details.

1930 Pearl Street, OrovilleBusiness Opportunity: $265,000 D&J Feed Supply—Well Established community based feed & farm retailer that has been serving its customers for over 30+ years. Offering a variety of hay, feed, well known supplements and supplies for livestock and farm. Assets to include forklift, fixtures and furnishings valued at $52k, and an inventory value of $80k+.Click Here for more details.

2131 4th Street, OrovilleFor Sale: $250,000 6.64 Acres. Possible subdivision, residential, multi family, condos, or commercial. Zoning undefined.Click Here for more details.

642 Reeds Ave, Red BluffFor Sale: $239,999 Fixer upper! Duplex and Farmhouse on one lot. Fully rented and occupied. Would be a great rental property with a little TLC.Click Here for more details.

1951 Oro Dam Blvd E, OrovilleBusiness Opportunity For Sale: $200,000 Asian Cuisine restaurant buffet concept. Busy shopping center location with street frontage. 5500 sq ft. Equipment and furnishings are 2 years old and included with sale.Click Here for more details.

2730 Myers, OrovilleFor Sale: $170,000 This 4bed/2bath rental income property is zoned Commercial/Residential. There are two adjacent vacant parcels that are also for sale.Click Here for more details.

0 Grand Ave, OrovilleLand For Sale: $85,000 This lot is located at the corner of Grand Avenue and Second Street. Major retailers in this area include Home Depot and Dollar General.Click Here for more details.

Provenza Drive, OrovilleLand For Sale: $80,000 8.01 acres of vacant land Zoned R5. Easy access, yet private, with an abundant supply of mature trees.Click Here for more details.

4760 Virginia Ave, OrovilleFor Sale: $61,000 Did someone say “Fixer Upper”? This 2bed/1bath home is priced to sell.

Click Here for more details.

0 Myers, OrovilleLand For Sale: $60,000 and $35,000 Vacant Land, Zoned Commercial/Residential - adjacent to 2730 Myers fantastic opportunity for WORK/LIVE. 0.32 acres and 0.2 acres. Two adjacent parcels. Click Here for more details.

0 Lemon Hill Drive, OrovilleLand For Sale: $60,000, $34,500, and $29,500 One of the most desirable areas in Oroville! Build your dream home in this well established neighborhood. Three lots for sale, surrounded by custom built homes.Click Here for more details.

0 Willow Glen RoadLand For Sale: $48,000 5 acre parcel for sale, and ready for your dream home! Private and secluded location.

Click Here for more details.

1857 Oro Dam Blvd, OrovilleCommercial Lease: $3,000 This 3000 square ft and more. This building has additional square footage available for larger anchor tenants looking high degree of traffic. Multi-unit Retail commercial property, prime location, with two major Anchors, Big Lots and Dollar Tree. Outstanding location for a clothing/service or restaurant, gift shop, beauty salon etc.. One of the best spaces in Oroville, right off the main drag. Sizable parking lot, near public transit. Easy access to and from the Hwy.Click Here for more details.

1849 Oro Dam Blvd, OrovilleCommercial Lease: $2000 1849 and 1853 totaling 3800 sf of prime Retail space. Multi-unit Retail commercial property, prime location, high traffic with two major Anchors, Big Lots and Dollar Tree. Outstanding location for a clothing/service or restaurant, gift shop, beauty salon etc.. One of the best spaces in Oroville, right off the main drag. Sizable parking lot, near public transit.Click Here for more details.

The properties above are the listings of Ballou Company. © 2018 CRMLS. Information is believed to be accurate, but shall not be relied upon without verification. Accuracy of square footage, lot size and other information is not guaranteed.

1951 Oro Dam Blvd, OrovilleCommercial Lease: $2,000 Multi-unit Retail commercial property, prime location, high traffic with two major Anchors, Big Lots and Dollar Tree. Outstanging location for a clothing/service or resturant. One of the best spaces in Oroville, right off the main drag. Sizable parking lot, near public transit. Easy access to and from the Hwy.Click Here for more details.

996 E 1st Avenue, ChicoLand Lease: $1,500/month Land Lease at $1500/month. This is a great corner lot at the intersection of E 1st Avenue and Sheridan. Possible Build To Suit- negotiable.Click Here for more details.

116 W 2nd Street #3Commercial Lease: $740/month Charming professional office space located in the heart of downtown Chico at the highly desirable corner of 2nd and Main Streets. Two shared bathrooms, an outdoor patio, stairwell, etc. This suite is 740 square feet.

Click Here for more details.

Ballou’s Corner Ballou Digest | Q2 2018

SOLD and LEASED!

3260 Siena RidgeCanyon Oaks Home

Chico, CA

4665 Wildhorse HollowHome on 41 acres

Chico, CA

123 Zonalea LnHome on 19 acres with horse property

Oroville, CA

3167 Middletown4bed/3bath home

Chico, CA

6283 Dawnridge Ct3bed/3bath home

Paradise, CA

7 Governors LnCommercial Office Sold

Chico, CA

3135 Orange Ave3bed/2bath home

Oroville, CA

55 Pioneer3bed/2bath home

Oroville, CA

366 Canyon Highlands1bed/1bath home

Oroville, CA

68 Kokanee Dr2bed/2bath home

Oroville, CA

2663 Foothill Blvd2bed/1bath home

Oroville, CA

1857 Hammon Ave2bed/1bath home

Oroville, CA

PO Box 7804, Chico, CA 95927 | P: 530.518.5914 | F: 530.809.1147 | tara@balloucompany.com | www.balloucompany.com

Ballou’s Corner Ballou Digest | Q2 2018

15136 Meridian Rd5 Acres with mobile home

Chico, CA

869 Mountain Quail3bed/2bath home

Alturas, CA

1390 E 9th St #1901800sf Retail Space

Chico, CA

740 Ruth Way3bed/2bath home

Susanville, CA

28 Upland St2bed/1bath

Susanville, CA

112 Juniper St4bed/2bath home

Herlong, CA

About Ballou CompanyServing California’s Real Estate Needs Ballou Company was founded by Tara Anderson in 2012 and named after her father, Mike Ballou.  Mr. Ballou is a real estate investor himself, which inspired Tara to get into the industry at a very young age. 

At Ballou Company, our goal is to help you with your real estate needs.  We help our clients buy and sell residential properties, commercial properties, equestrian estates, vacant land, commercial leasing, and more.  Our mission is to meet and exceed your needs no matter how big, or how small, the transaction might be. 

We cater to the homeowner because we are homeowners;we cater to the real estate investor because we are investors;

and we cater to the equestrian community because we are equestrians. We have clients throughout California and we have experience in all types of real estate.  When it comes to real estate, we will be there with you every step of the way.

Meet the OwnerTara Anderson, CEO and Owner/Broker

Tara Anderson was born and raised in Chico, California. She graduated from UC Irvine with a degree in Business Economics with Cum Laude Honors and Phi Beta Kappa Honors. Tara has extensive real estate investment knowledge and experience. Previously, she worked at various commercial real estate investment firms in Orange County selling non-traded REITs, TICs, and Private Placements in just about every real estate asset class. She became a Real Estate Broker in 2010 and shortly thereafter, she moved back to Chico and formed Ballou Company.

In addition to her real estate career, Tara has competed at the top levels of the equestrian sport, is very involved within the horse community, and her family owns Camelot Equestrian Park in Butte Valley, California. Tara is Secretary/Treasurer of Camelot Equestrian Park Foundation, a 501(c)3 nonprofit organization.

Tara lives in Chico with her wonderful husband, Andy. She has two horses and rides competitively throughout California.

Ballou’s Corner Ballou Digest | Q2 2018

Meet Our Newest Agent — Amy NelmsAmy Nelms, Real Estate Agent

Amy Nelms is the sixth generation of her family in Butte Valley. She graduated California State University Chico with a B.A. in Public Relations in Journalism and minors in English and Agriculture with Magna Cum Laude honors. She returned to Chico State and graduated with her Multiple Subject Teaching Credential in 2013. She has been teaching elementary school in Oroville since 2014.Amy has four horses and has a lifelong dedication to improving her horsemanship skills. She enjoys riding on her family’s ranch and attends Buck Brannaman clinics every year in California, Oregon, and Nevada. She has a passion for furthering her education in horsemanship, teaching, and real estate. She obtained her real estate sales license in 2018 and is excited to share her knowledge of the Butte Valley area to help clients find the perfect home.

Ballou’s Corner Ballou Digest | Q2 2018

Wants and NeedsFrom Our Clients We have many clients who are looking for a particular type of real estate and aren’t satisfied with what’s currently on the market. If you have a piece of property that you’re interested in selling (or leasing) please let us know!

• Equestrian properties throughout California in all price ranges• Larger lot (ideally 40+ acres) in Chico or Butte Valley• Residential Income properties in all price ranges throughout California• 5000-7000sf warehouse + office to purchase, preferably North Chico area• Cattle grazing pasture in Northern California: 75+ acres with feed storage and corrals• Commercial lot zoned for retail center on the south side of Chico• House with 0.5+ acres in Chico, Durham, Nord, or Butte Valley under $400k• Class A Office and Retail properties to purchase throughout Butte County• Storage facilities for sale in Chico and surrounding areas• Commercial property to lease or purchase in Chico with over 10,000 square feet• Gas stations in Butte County• Fixer-upper houses for sale in Chico or Oroville

Ballou’s Corner Ballou Digest | Q2 2018

Although the information presented in this update has been obtained from reliable sources, Ballou Company does not guarantee its accuracy, and such information may be incomplete or inaccurate. The information contained herein has been obtained from sources we deem reliable. We do not, however, guarantee its accuracy. All information should be verified.

Some data may not accurately represent the market, especially if there weren’t enough transactions to give fair estimates.

Tara AndersonCEO & Owner/Broker

BRE: 01860993BRE Ballou Company: 02001758

Bal lou Digest[Q2 2018]