Weekly Oroville Sales Update

 Here are the weekly sales numbers for the Lake Oroville real estate market. Not too much about which to comment this week. 

 It is good to see the sales volume for Oroville homes sold to break through the $1 million mark. Inventories are holding steady but remain at nearly a 2 year low.  Unfortunately, for Oroville sellers, bank-owned properties, as a percentage of total Lake Oroville listings, are still the highest they have been since I began tracking these numbers.

You can also access this weekly report at my facebook page: REALTYWORLD.CA

MLS Stats for Oroville Area Week Ending Week Ending Weekly % 
  2/24/2011 3/3/2011 Change
       
# of Total Sales 7 11 57.14%
       
# REO/Short Sales Sold (SS) 3 7 133.33%
       
% Sales that are REO/SS 42.86% 63.64% 48.48%
       
Avg. List Price $143,000 $118,408 -17.20%
       
Avg. Sold Price $135,921 $113,082 -16.80%
       
Sold Price % of Listing Price 95.05% 95.50% 0.48%
       
Avg. Days On The Market 110 105 -4.55%
       
Total Sales Volume $951,450 $1,243,900 30.74%
       
# of Single Family Listings 233 232 -0.43%
       
# Foreclosed On Market 48 48 0.00%
       
% of Foreclosed on Market 20.60% 20.69% 0.43%
       
# Short Sales on Market 17 22 29.41%
       
% Short Sales on Market  7.30% 9.48% 29.97%
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