Lake Oroville Sales Week

 Another ho-hum week for Lake Oroville real estate market as sales activity continues to under perform. But once again we find that the inventory of Oroville homes for sale has dropped to another low. 

If the current activity in the office of our Oroville market is any indication we may soon be seeing a change in these sales numbers. Our Oroville agents have been very busy this week showing property and writing offers. It is good to see that maybe the spring-like weather is bringing buyers out.

If you are thinking of selling, now might be the time to get your home on the market.

MLS Stats for Oroville Area Week Ending Week Ending Week Ending Weekly % 
  2/8/2010 2/15/2010 2/22/2010 Change
         
# of Total Sales 8 9 8 -11.11%
         
# REO/Short Sales Sold (SS) 5 4 5 25.00%
         
% Sales that are REO/SS 62.50% 44.44% 62.50% 40.63%
         
Avg. List Price $156,674 $108,188 $116,644 7.82%
         
Avg. Sold Price $149,800 $98,722 $109,500 10.92%
         
Sold Price % of Listing Price 95.61% 91.25% 93.88% 2.88%
         
Avg. Days On The Market 303 67 53 -20.90%
         
Total Sales Volume $1,253,392 $973,692 $933,152 -4.16%
         
# of Single Family Listings 308 291 287 -1.37%
         
# Foreclosed On Market 36 35 31 -11.43%
         
% of Foreclosed on Market 11.69% 12.03% 10.80% -10.19%
         
# Short Sales on Market 49 46 44 -4.35%
         
% Short Sales on Market 15.91% 15.81% 15.33% -3.01%
         
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