Oroville’s Week In Review
Tuesday, February 2, 2010 | Comments Off
It seems that this week’s Lake Oroville real estate market report reflects some ongoing reporting issues the local REALTORS are having with our new multiple listing service system.
It looks as though that the inventory of unsold homes is beginning to increase slightly. This may be an effect of some sellers trying to get a head start on what most people think is the peak selling season of Spring. Hopefully we can get the bugs worked out of our new MLS system soon. Watch for the weekly sales numbers for the Paradise real estate market later this week.
| MLS Stats for Oroville Area | Week Ending | Week Ending | Week Ending | Week Ending | Weekly % |
| 1/11/2010 | 1/18/2010 | 1/25/2010 | 2/1/2010 | Change | |
| # of Total Sales | 13 | 12 | 4 | 10 | 150.00% |
| # REO/Short Sales Sold (SS) | 4 | 7 | 3 | 8 | 166.67% |
| % Sales that are REO/SS | 30.77% | 58.33% | 75.00% | 80.00% | 6.67% |
| Avg. List Price | $124,300 | $148,383 | $75,975 | $79,790 | 5.02% |
| Avg. Sold Price | $115,100 | $112,637 | $68,475 | $83,229 | 21.55% |
| Sold Price % of Listing Price | 92.60% | 75.91% | 90.13% | 104.31% | 15.74% |
| Avg. Days On The Market | 112 | 107 | 163 | 154 | -5.52% |
| Total Sales Volume | $1,496,300 | $1,351,650 | $273,900 | $830,599 | 203.25% |
| # of Single Family Listings | 315 | 317 | 320 | 324 | 1.25% |
| # Foreclosed On Market | 44 | 45 | 38 | 34 | -10.53% |
| % of Foreclosed on Market | 13.97% | 14.20% | 11.88% | 10.49% | -11.63% |
| # Short Sales on Market | 44 | 41 | 50 | 52 | 4.00% |
| % Short Sales on Market | 13.97% | 12.93% | 15.63% | 16.05% | 2.72% |
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