Oroville Sales Have Turn-Around Week

Mark Wisterman — Wed, 10 Feb 2010 01:14:43 +0000

Sales for the Lake Oroville real estate market took a turn for the better this past week. The average sold price was the highest it has been in a very long time thanks to the sale of a couple homes that had been on the market for quite some time. The sale of these two particular homes was also the reason for the nearly doubling of the “days on the market” time. One of the homes had been on the market 928 days and the other had been for sale for 897 days.

Once again, though, the number of the week to lookout for is the number of Oroville homes currently on the market. This number has hit another new low for this blog site and is threatening to go under 300 for the first time in probably two years.

MLS Stats for Oroville Area	Week Ending	Week Ending	Week Ending	Week Ending	Weekly %
	1/18/2010	1/25/2010	2/1/2010	2/8/2010	Change

# of Total Sales	12	4	10	8	-20.00%

# REO/Short Sales Sold (SS)	7	3	8	5	-37.50%

% Sales that are REO/SS	58.33%	75.00%	80.00%	62.50%	-21.88%

Avg. List Price	$148,383	$75,975	$79,790	$156,674	96.36%

Avg. Sold Price	$112,637	$68,475	$83,229	$149,800	79.99%

Sold Price % of Listing Price	75.91%	90.13%	104.31%	95.61%	-8.34%

Avg. Days On The Market	107	163	154	303	96.75%

Total Sales Volume	$1,351,650	$273,900	$830,599	$1,253,392	50.90%

# of Single Family Listings	317	320	324	308	-4.94%

# Foreclosed On Market	45	38	34	36	5.88%

% of Foreclosed on Market	14.20%	11.88%	10.49%	11.69%	11.38%

# Short Sales on Market	41	50	52	49	-5.77%

% Short Sales on Market	12.93%	15.63%	16.05%	15.91%	-0.87%

Mark Wisterman's Paradise & Lake Oroville Real Estate Blog » Business

Oroville Sales Have Turn-Around Week