March 2025 Redding Rental Market Update & Authority Property Management’s 10-Year Anniversary

Spring is just around the corner, and as we move into March, we’re excited to bring you the latest updates on the rental market, seasonal maintenance tips, and a special milestone for Authority Property Management!

Celebrating 10 Years of Excellence!

On April 1, 2025, Authority Property Management officially turns 10 years old! We are beyond excited to celebrate this incredible milestone and express our heartfelt gratitude to all of you—our valued property owners, residents, and community partners.

From managing our very first rental to now overseeing more than 1,000 properties in Redding, our journey has been driven by a commitment to providing top-tier service and fostering a strong rental community. Stay tuned for upcoming anniversary celebrations—we look forward to celebrating this milestone with you in the coming weeks!

Rental Market Update: Demand Remains Strong

We’ve seen steady leasing activity, with 25 properties rented in February, keeping our vacancy rate at 5.8%. This minor decrease from January’s 6% vacancy rate shows that demand for rental properties remains solid in the Redding area.

💡 What This Means for Property Owners:
If you’re considering renting out your home, now is still a great time to do so! Demand remains high, especially as we head into spring. If you’re thinking about leasing your property or adjusting your rental pricing, reach out to our team for expert guidance.

A Community Making a Difference

One of the things we love most about Redding is the generosity of our local businesses and leaders. A special shout-out to Jeb Allen, Sue Tsai, and the team at Palomar Builders for their recent $150,000 donation to the Sierra Pacific Regional Cancer Center from the sale of a home in Shastina Ranch. This remarkable act of giving will help bring crucial cancer care services to our region, ensuring that patients and families have access to top-quality treatment. Stories like this remind us why community matters—thank you, Jeb, Sue, and the entire Palomar team, for your commitment to making a difference!

Shasta County Sales Market Snapshot

According to the latest data from Josh Barker's Real Estate Market Update, the Shasta County real estate market is experiencing notable trends:

• Homes Sold: 123 homes closed in February, reflecting a 5% increase compared to January.
• Pending Sales: 189 homes went under contract, a 6.8% increase from the previous month, indicating stronger demand as we approach spring.
• Active Listings: 702 homes are currently on the market, providing buyers with a variety of options.
• Median Sale Price: The median sale price has increased 1.9% to $387,000, suggesting home values are holding steady.
• Mortgage Rates: The average rate for a 30-year fixed mortgage remains around 7%, with potential adjustments anticipated later in the year.

These trends indicate a resilient housing market in Shasta County, with steady demand and stable home values.

Spring Maintenance Tips for Property Owners

With the rainy season winding down and warmer weather approaching, now is the perfect time for proactive property maintenance. Taking a few simple steps can prevent costly repairs down the road and keep your rental in top shape:

 🌱 Inspect your roof and gutters for debris and potential leaks.

 🌿 Trim overgrown trees and shrubs to prevent damage from high winds.

 💧 Check outdoor plumbing for leaks and ensure irrigation systems are working properly.

 🏠 Inspect windows and doors for drafts and reseal where needed.

 🌞 Prepare air conditioning units for warmer weather to keep tenants comfortable.

Thank You for 10 Years of Trust!

We appreciate each of you—our property owners, residents, and vendors—for trusting Authority Property Management. From helping property owners navigate the rental market to providing high-quality management services, we are honored to be a part of your real estate journey. If you have any questions about your rental property, need assistance with maintenance, or are considering listing your home, our team is always here to help.

📞Contact us today at 530-410-6085 for expert property management services!

Best regards,
Authority Property Management