Paradise Ca Sales Almost Aren’t

A not so funny thing happened to the Paradise, CA real estate market last week. Only two sales to report from Paradise this week.

The one encouraging thing to take from the week’s meager numbers is the fact that the average Paradise home sale was over $250,000 and the average time that each of these two homes were on the market was only 24 days. From the seller’s side of the equation it is good to see higher prices homes selling quickly.  Hopefully we will have more substantial numbers to discuss next week.

Paradise, CA MLS Stats Week Ending Week Ending Week Ending Week Ending Weekly %
01/29/2010 02/05/2010 02/12/2010 02/19/2010 Change
# of Total Sales 6 6 7 2 -71.43%
# REO/Short Sales Sold (SS) 2 3 2 1 -50.00%
% Sales that are REO/SS 33.33% 50.00% 28.57% 50.00% 75.00%
Avg. List Price $154,667 $161,150 $126,442 $269,250 112.94%
Avg. Sold Price $155,083 $156,100 $113,142 $254,000 124.50%
Sold Price % of Listing Price 100.27% 96.87% 89.48% 94.34% 5.43%
Avg. Days On The Market 60 84 107 24 -77.57%
Total Sales Volume $930,948 $936,600 $791,994 $508,000 -35.86%
# of Single Family Listings 137 148 148 148 0.00%
# Foreclosed On Market 19 19 18 18 0.00%
% of Foreclosed on Market 13.87% 12.84% 12.16% 12.16% 0.00%
# Short Sales on Market 15 17 17 17 0.00%
% Short Sales on Market 10.95% 11.49% 11.49% 11.49% 0.00%
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