Oroville Sales Have Turn-Around Week

 Sales for the Lake Oroville real estate market took a turn for the better this past week. The average sold price was the highest it has been in a very long time thanks to the sale of a couple homes that had been on the market for quite some time. The sale of these two particular homes was also the reason for the nearly doubling of the “days on the market” time. One of the homes had been on the market 928 days and the other had been for sale for 897 days.

Once again, though, the number of the week to lookout for is the number of Oroville homes currently on the market. This number has hit another new low for this blog site and is threatening to go under 300 for the first time in probably two years.

MLS Stats for Oroville Area Week Ending Week Ending Week Ending Week Ending Weekly % 
  1/18/2010 1/25/2010 2/1/2010 2/8/2010 Change
           
# of Total Sales 12 4 10 8 -20.00%
           
# REO/Short Sales Sold (SS) 7 3 8 5 -37.50%
           
% Sales that are REO/SS 58.33% 75.00% 80.00% 62.50% -21.88%
           
Avg. List Price $148,383 $75,975 $79,790 $156,674 96.36%
           
Avg. Sold Price $112,637 $68,475 $83,229 $149,800 79.99%
           
Sold Price % of Listing Price 75.91% 90.13% 104.31% 95.61% -8.34%
           
Avg. Days On The Market 107 163 154 303 96.75%
           
Total Sales Volume $1,351,650 $273,900 $830,599 $1,253,392 50.90%
           
# of Single Family Listings 317 320 324 308 -4.94%
           
# Foreclosed On Market 45 38 34 36 5.88%
           
% of Foreclosed on Market 14.20% 11.88% 10.49% 11.69% 11.38%
           
# Short Sales on Market 41 50 52 49 -5.77%
           
% Short Sales on Market 12.93% 15.63% 16.05% 15.91% -0.87%
           
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