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 %|
|# 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%|