Weekly Oroville Sales Update

Hello, once again, Lake Oroville real estate market stats fans. I can’t believe it has been nearly 3 months since I have reported week sales for the Oroville real estate market to you. Boy, how time flies when you are having fun selling Oroville homes, Paradise homes, Chico homes and homes in Yuba City and Marysville.

Lately the word is, the more things change the more they stay the same. Except for overall home values, that is. In Oroville we can’t seem to sell anymore than 7-8 homes per week and average prices of the Oroville home listings that are selling continue to trail downwardly.

Here are this week’s numbers: 

MLS Stats for Oroville Area Week Ending
  6/16/2011
   
# of Total Sales 9
   
# REO/Short Sales Sold (SS) 6
   
% Sales that are REO/SS 66.67%
   
Avg. List Price $91,366
   
Avg. Sold Price $84,089
   
Sold Price % of Listing Price 92.04%
   
Avg. Days On The Market 87
   
Total Sales Volume $822,290
   
# of Single Family Listings 250
   
# Foreclosed On Market 50
   
% of Foreclosed on Market 20.00%
   
# Short Sales on Market 22
   
% Short Sales on Market 8.80%
   
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