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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LISTEN UP!!!!

In speaking with a number of lenders that serve the Oroville real estate market, there seems to be an increase in the number of prospective borrowers who aren’t listening to the instructions their loan officers are giving them during the loan process which is jeopardizing the purchase of their homes.

Today’s public service message is short and sweet to homebuyer’s everywhere:

LISTEN UP!!!

 

When your loan officer tells you not to buy anything using your credit card during the loan process…..Listen up!

When your loan officer tell you to be sure you have a paper trail for ANY funds you receive during the loan process….Listen up!

When your loan officer tells you that any gift funds that someone is willing to give you must not go directly into your bank accounts…Listen up!

When your loan officer tells you not to deposit those “stashed under the mattress” funds into your accounts….Listen up!

As a borrower you must understand that the loan qualification does not end when your lender pre-qualifies you for a loan.  Any changes to your financial position before your home purchase is COMPLETE will affect your ability to procure your loan. In most cases the effect is that you disqualify yourself for your loan.

Your lender will be monitoring your financial situation throughout the loan process and WILL be aware of changes to it. Be sure that you not only hear what your loan professional is telling you, but also be sure to LISTEN UP!!

If you do, you will find that the loan process is much simpler and less stressful.

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More Services To Help Navigate The Market

One of  the great benefits of my association with Realty World of Northern California is the amount of technology and information they provide to me free.  Without their commitment to me and other Northern California Realty World broker’s and their associates, this blog site would not even exist.

To be perfectly candid, in a market such as this, and,  as a matter of fact, in any type of market,  it is pretty much an economic impossibility to have a website such as this one, pay for it myself, and still be able to subscribe to other online real estate tools that assist buyers, sellers, and others in the Lake Oroville real estate market and beyond, in quenching their thirst for information on market conditions, or in assisting them in determining the value of their Oroville, Chico, Paradise, or Yuba City home.  A simple comparison search of other agent’s personal websites, if they even have one, will bear me out on this.

The newest feature that I able to subscribe to is one that provides you the ability to do a FREE search for the status of properties in the foreclosure process. With just a couple clicks of your mouse you can search for, and request foreclosure information on, not just any Lake Oroville home, but of homes in the states of California, Arizona, Washington, Oregon, and Nevada that are facing foreclosure.  This new service is powered by ForeclosureRadar.com, which is the new leader in the gathering and disseminating of foreclosure information in the Western United States.

If you find a property about which you would like to know more, simply click on the link and complete the request form. The request form comes direct to my e-mail box and I can then provide the current status to you.  (Don’t worry, I am not going to spam you into oblivion with a bunch of worthless e-mails)

Accessing this free search service can be done by clicking the Foreclosure widget or the Foreclosure Search navigation link at the top of my site. Or click here to access the search screen.

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Paradise Ca Sales Almost Aren’t

A not so funny thing happened to the Paradise, CA real estate market last week. Only two sales to report from Paradise this week.

The one encouraging thing to take from the week’s meager numbers is the fact that the average Paradise home sale was over $250,000 and the average time that each of these two homes were on the market was only 24 days. From the seller’s side of the equation it is good to see higher prices homes selling quickly.  Hopefully we will have more substantial numbers to discuss next week.

Paradise, CA MLS Stats Week Ending Week Ending Week Ending Week Ending Weekly %
01/29/2010 02/05/2010 02/12/2010 02/19/2010 Change
# of Total Sales 6 6 7 2 -71.43%
# REO/Short Sales Sold (SS) 2 3 2 1 -50.00%
% Sales that are REO/SS 33.33% 50.00% 28.57% 50.00% 75.00%
Avg. List Price $154,667 $161,150 $126,442 $269,250 112.94%
Avg. Sold Price $155,083 $156,100 $113,142 $254,000 124.50%
Sold Price % of Listing Price 100.27% 96.87% 89.48% 94.34% 5.43%
Avg. Days On The Market 60 84 107 24 -77.57%
Total Sales Volume $930,948 $936,600 $791,994 $508,000 -35.86%
# of Single Family Listings 137 148 148 148 0.00%
# Foreclosed On Market 19 19 18 18 0.00%
% of Foreclosed on Market 13.87% 12.84% 12.16% 12.16% 0.00%
# Short Sales on Market 15 17 17 17 0.00%
% Short Sales on Market 10.95% 11.49% 11.49% 11.49% 0.00%
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Paradise Weekly Home Sales

Welcome back, once again, to your weekly sales update for the Paradise, California  real estate market. Market activity remains stable this week when compared to last week. The astute observer that you are probably noticed a revision in the housing numbers that I reported last week.  The revision was made because my intent is to report home sales activity for the town of Paradise. Last week’s report also included the Magalia area.

Which brings me to the question of what you want to see in these Paradise numbers. Do you want to see  just Paradise stats or would you like to me to include numbers for the Magalia area too?

MLS Stats for Paradise  Week Ending Week Ending Weekly % 
  1/29/2010 2/5/2010 Change
       
# of Total Sales 6 6 0.00%
       
# REO/Short Sales Sold (SS) 2 3 50.00%
       
% Sales that are REO/SS 33.33% 50.00% 50.00%
       
Avg. List Price $154,667 $161,150 4.19%
       
Avg. Sold Price $155,083 $156,100 0.66%
       
Sold Price % of Listing Price 100.27% 96.87% -3.39%
       
Avg. Days On The Market 60 84 40.00%
       
Total Sales Volume $930,948 $936,600 0.61%
       
# of Single Family Listings 137 148 8.03%
       
# Foreclosed On Market 19 19 0.00%
       
% of Foreclosed on Market 13.87% 12.84% -7.43%
       
# Short Sales on Market 15 17 13.33%
       
% Short Sales on Market 10.95% 11.49% 4.91%
       

Paradise, listings, homes for sale, properties, Lake Oroville, Oroville, Creal estateA Butte county

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Oroville’s Week In Review

 It seems that this week’s Lake Oroville real estate market report reflects some ongoing reporting issues the local REALTORS are having with our new multiple listing service system.

It looks as though that the inventory of unsold homes is beginning to increase slightly. This may be an effect of some sellers trying to get a head start on what most people think is the peak selling season of Spring. Hopefully we can get the bugs worked out of our new MLS system soon. Watch for the weekly sales numbers for the Paradise real estate market later this week.

MLS Stats for Oroville Area Week Ending Week Ending Week Ending Week Ending Weekly % 
  1/11/2010 1/18/2010 1/25/2010 2/1/2010 Change
           
# of Total Sales 13 12 4 10 150.00%
           
# REO/Short Sales Sold (SS) 4 7 3 8 166.67%
           
% Sales that are REO/SS 30.77% 58.33% 75.00% 80.00% 6.67%
           
Avg. List Price $124,300 $148,383 $75,975 $79,790 5.02%
           
Avg. Sold Price $115,100 $112,637 $68,475 $83,229 21.55%
           
Sold Price % of Listing Price 92.60% 75.91% 90.13% 104.31% 15.74%
           
Avg. Days On The Market 112 107 163 154 -5.52%
           
Total Sales Volume $1,496,300 $1,351,650 $273,900 $830,599 203.25%
           
# of Single Family Listings 315 317 320 324 1.25%
           
# Foreclosed On Market 44 45 38 34 -10.53%
           
% of Foreclosed on Market 13.97% 14.20% 11.88% 10.49% -11.63%
           
# Short Sales on Market 44 41 50 52 4.00%
           
% Short Sales on Market 13.97% 12.93% 15.63% 16.05% 2.72%
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Yelp Us to Help Us

The explosion of online social networking has added a whole new dimension to the information age. It is easier than ever to reconnect with old friends, classmates, long lost relatives, etc. As a real estate professional who sees the value in these networks, I am continually looking for new online opportunities in the internet world of social networking  in order to enhance the services I provide to my clients.yelp-logo

One of these opportunities is a site named Yelp. Using this site allows you to write reviews and comment on your experiences on any number of businesses. These reviews and comments are placed online for anybody to read. You can use Yelp to tell everyone about your last dining experience, or you can let the world know how the service was at the local quick lube place, or you can comment on your customer service experience at your favorite coffee shop.

When done in a constructive manner, these comments and reviews not only provide valuable information to consumers, but also allow business owners, like myself, another opportunity to make sure that service levels are the best they can be.

At this point there are relatively few people in the Oroville real estate market aware of Yelp. I feel so strongly about the importance of knowing how our clients feel about the services we provide that I signed up our company with the service as soon as I heard about it 6 months ago.  I also have placed a link of each of my team members blog sites so you have easy access to the site.

Please take advantage of this FREE service and sign up to provide feedback to not only us but to any business of your choosing. You can either click on the logo in this posting or in the logo to the left.

Oroville real estate. Chico homes for sale, gridley listings, Paradise listings, Butte County property.