Weekly Sales Update

Mark Wisterman — Tue, 29 Dec 2009 04:15:28 +0000

Neither rain, nor sleet, nor snow, nor Arizona trip, will keep me from providing you, my loyal Lake Oroville real estate market readers, with the weekly sales activity number for last week.

You heard right, I am actually taking a few days of southwest r& r. But fear not, I have not forgotten my duty to you.

I hope you all had a great and blessed Christmas day and that you are planning for a safe New Years celebration.

Sales numbers for the week were actually pretty good considering that it was a major holiday week. I have highlighted what I believe to be the stats of the week. Average sold price has been climbing the past 4 weeks and last week was the highest it has been in the past 10 weeks. The other stat of note is, once again, the number of single family Oroville homes for sale. The is number represents the fewest number of homes on the market since I have been bringing you this particular statistic beginning June 8, 2009.

As a seller, or potential seller, this is THE number to watch going forward. Smaller inventory will eventually translate into higher prices.

Well, that is all for know. I’ve got another “busy” day scheduled tomorrow as I do more trailblazing through the Arizona desert on my quad runner.

MLS Stats for Oroville Area	Week Ending	Week Ending	Week Ending	Week Ending	Weekly %
	12/7/2009	12/14/2009	12/21/2009	12/27/2009	Change

# of Total Sales	8	9	13	11	-15.38%

# REO/Short Sales Sold (SS)	4	6	5	6	20.00%

% Sales that are REO/SS	50.00%	66.67%	38.46%	54.55%	41.82%

Avg. List Price	$96,775	$93,865	$112,500	$127,354	13.20%

Avg. Sold Price	$82,500	$91,783	$105,358	$131,627	24.93%

Sold Price % of Listing Price	85.25%	97.78%	93.65%	103.36%	10.36%

Avg. Days On The Market	108	45	157	103	-34.39%

Total Sales Volume	$660,000	$826,050	$1,440,750	$1,447,900	0.50%

# of Single Family Listings	336	327	331	323	-2.42%

# Foreclosed On Market	35	35	38	39	2.63%

% of Foreclosed on Market	10.42%	10.70%	11.48%	12.07%	5.17%

# Short Sales on Market	45	44	44	44	0.00%

% Short Sales on Market	13.39%	13.46%	13.29%	13.62%	2.48%

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

Weekly Sales Update

Neither rain, nor sleet, nor snow, nor Arizona trip, will keep me from providing you, my loyal Lake Oroville real estate market readers, with the weekly sales activity number for last week.