By: Mark Wisterman
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|
|# 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.|