Weekly Update For Lake Oroville Real Estate

Here are the numbers for last week’s Lake Oroville real estate market. This is the third week in a row that the number of Oroville home sales has been in single digits, and the 7th week out of the past 8 for this. With inventories still low, and a lot of that inventory in disrepair it is becoming more and more difficult to find properties for Oroville area buyers.  All of my team members have pools of buyers that they simply cannot find decent properties to show them.

MLS Stats for Oroville Area Week Ending Week Ending Week Ending Weekly % 
  2/15/2010 2/22/2010 3/1/2010 Change
         
# of Total Sales 9 8 7 -12.50%
         
# REO/Short Sales Sold (SS) 4 5 4 -20.00%
         
% Sales that are REO/SS 44.44% 62.50% 57.14% -8.57%
         
Avg. List Price $108,188 $116,644 $141,085 20.95%
         
Avg. Sold Price $98,722 $109,500 $137,482 25.55%
         
Sold Price % of Listing Price 91.25% 93.88% 97.45% 3.80%
         
Avg. Days On The Market 67 53 111 109.43%
         
Total Sales Volume $973,692 $933,152 $987,595 5.83%
         
# of Single Family Listings 291 287 288 0.35%
         
# Foreclosed On Market 35 31 34 9.68%
         
% of Foreclosed on Market 12.03% 10.80% 11.81% 9.30%
         
# Short Sales on Market 46 44 39 -11.36%
         
% Short Sales on Market 15.81% 15.33% 13.54% -11.67%
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