Yikes! Slow, Slow Week

November 24 2009

 With only 5 sales in the Lake Oroville real estate market last week, there is not much on which to comment today. Don’t think the low numbers are any type of trend. We have 11 escrows open in our office presently and each will be closing in the next couple of weeks. 

MLS Stats for Oroville Area Week Ending Week Ending Week Ending Weekly % 
  11/9/2009 11/16/2009 11/23/2009 Change
         
# of Total Sales 12 9 5 33.33%
         
# REO/Short Sales Sold (SS) 5 7 3 -28.57%
         
% Sales that are REO/SS 41.67% 77.78% 60.00% -46.43%
         
Avg. List Price $108,633 $91,583 $119,600 18.62%
         
Avg. Sold Price $103,150 $91,394 $107,200 12.86%
         
Sold Price % of Listing Price 94.95% 99.79% 89.63% -4.85%
         
Avg. Days On The Market 147 22 77 568.18%
         
Total Sales Volume $1,237,800 $822,550 $536,000 50.48%
         
# of Single Family Listings 341 339 342 0.59%
         
# Foreclosed On Market 32 31 32 3.23%
         
% of Foreclosed on Market 9.38% 9.14% 9.36% 2.62%
         
# Short Sales on Market 43 43 43 0.00%
         
% Short Sales on Market 12.61% 12.68% 12.57% -0.59%

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