Lake Oroville Real Estate Market Review

By: Mark Wisterman

My 2013 Photo-Web-Revised

This is starting to get down right boring.

Another slow week in the Lake Oroville real estate market this past week.  Yes, it is true that the number of Oroville homes that sold in the past week is the best it has been in about 5 weeks. But that may be the only semi-bright spot in these numbers.  I say semi-bright because if you look at the average sales price of each Oroville home sale it clearly shows that most of the sales that took place this week in Oroville were very low priced homes that appear to have been snapped up by investors.

Tune in next week for more….hopefully good news!

 

MLS Stats for Oroville Area Week Ending Week Ending Week Ending % Change 6 Month
8/22/2013 8/29/2013 9/5/2013 Previous Week Average
# of Total Sales 3 6 10 66.67% 12
# REO/Short Sales Sold (SS) 0 3 3 0.00% 5
% Sales that are REO/SS 0.00% 50.00% 30.00% -40.00% 36.19%
Avg. List Price $199,633 $127,267 $87,675 -31.11% $137,699
Avg. Sold Price $185,667 $129,750 $85,500 -34.10% $133,242
Sold Price % of Listing Price 93.00% 101.95% 97.52% -4.35% 96.78%
Avg. Days On The Market 76 48 38 -20.83% 77
Total Sales Volume $557,000 $778,500 $855,000 9.83% $1,631,178
# of Single Family Listings 190 194 193 -0.52% 165
# Foreclosed On Market 20 17 18 5.88% 17
% of Foreclosed on Market 10.53% 8.76% 9.33% 6.43% 10.48%
# Short Sales on Market 9 9 8 -11.11% 8
% Short Sales on Market 4.74% 4.64% 4.15% -10.65% 4.72%
Days of Inventory Left 443 226 135 -40.31% 117
# of Pending Sales 73 75 76 1.33% 78
Data compiled from the CRMLS multiple listing service for single family homes in the
Greater Oroville real estate market area including the areas of Oroville, Palermo, Concow,
Forbestown, Bangor, Berry Creek, Brush Creek, Honcut, Yankee Hill
Information deemed reliabe but not guaranteed.
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