Oroville’s Week In Review

 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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