Sunrise

What In The Realty World is Going On Here?

One of the biggest challenges for anyone thinking of buying or selling real estate in any market across the country is determining the condition of the market in their particular area. Certainly the same holds true for the Lake Oroville real estate market.

But where in the world of realty can you get accurate market  information? Zillow? Trulia? Maybe the nightly news.? Or better yet, how about Facebook? After all, if it is on Facebook, it must be true, right?

Your best resource for LOCAL market conditions is right here on this blog site. Over the past 5 years I have brought market updates, real estate advice,  and sometimes some fairly provocative opinions. It is, and always will be, my opinion that there is a HUGE need for accurate local real estate market information in the Lake Oroville real estate market. I also believe that there is a drought of such information out there. This is why I make providing real estate market information the top priority of this blog site. I am always looking to bring information to you in a variety of ways and from different perspectives so that you know what is REALLY going on.

Which brings me to my latest graph. This graph  illustrates the changes in the inventory of Lake Oroville homes for sale over the past 8 months at different pricing levels. What spurred me to research this is the fact that , although prices of homes that have sold has admittedly increased, the number of homes that are selling in the Oroville real estate market is on pace to be the first year since 2009 that the market  will be selling fewer homes in the current year than the previous year. Yes, you read that right. Regardless of what the “salespeople” are telling you about how “busy” they are, the truth is the home sales in the Oroville market are significantly behind last years numbers.

Because the “numbers guy” in me is always looking to explain what would cause this to happen, I jumped into the database to see what I could glean. The graph below is the result of my research and is the basis for the following opinions: Continue reading

I Was Feeling Rather Down, Then This Happened!

I have a friend (believe it or not) in the Lake Oroville real estate market  that I spend time with who is great with “turning a phrase” to make me laugh.

In fact, we make each other laugh for almost the entire time we are together.  It was not too long ago (actually almost exactly one month ago today),  that I was dealing with bit of a stressful situation when he reminded me in a text message that “It is always darkest just before it goes totally black.”   Yes,  he thinks he is funny!!  But it did feel a little bit like he was right.

BUT NOT TODAY!!

I am absolutely PROUD and EXCITED to announce today that Continue reading

Looming Deadline Could Doom Your Loan

Take heed Lake Oroville area home buyers.  You may be about to have your home buying plans moved to the sidelines.

This information is also valuable to  Oroville home sellers as it is entirely possible that the pool of potential home buyer could be shrinking.

Watch this latest video for a brief explanation for why this may happen to you.

New Property Video Tour Premier

Welcome to my newest video tour for the Lake Oroville area real estate market.

I hope these videos are helpful to all of you looking for a home for sale in the real estate market of Oroville. I always appreciate any feedback you are willing to give me about these Oroville home property videos.

Another Closing

By Mark Wisterman

 

A big congratulations to our associates, Marie Hawkins and Steffan Blaser for successfully and diligently representing their respective clients in the sale and purchase of this home in the Kelly Ridge subdivision in the Lake Oroville real estate market.