Hello once again everyone and welcome back to my latest report on market activity for the Lake Oroville real estate market.
As has been the case over the last number of weeks, this weeks market activity is extremely light. While it is good for sellers that values have improved, it would not be a healthy situation if the weekly number of homes selling stays at the level at which it currently finds itself. In fact, sales numbers for the first two months of 2014 have Oroville homes sales on the slowest pace in over 6 years.
It will be interesting to see what kind of bounce the Oroville real estate market get during the historically busier Spring months of March, April, and May.
|MLS Stats for Oroville Area||Week Ending||Week Ending||% Change||6 Month|
|# of Total Sales||7||6||-16.67%||9|
|# REO/Short Sales Sold (SS)||1||4||75.00%||2|
|% Sales that are REO/SS||14.29%||66.67%||78.57%||24.31%|
|Avg. List Price||$146,257||$136,650||-7.03%||$156,017|
|Avg. Sold Price||$135,286||$134,583||-0.52%||$150,150|
|Sold Price % of Listing Price||92.50%||98.49%||6.08%||96.39%|
|Avg. Original List Price||$146,543||$146,917||0.25%||$164,190|
|Sold Price % of Original Price||92.32%||91.60%||-0.78%||91.72%|
|Avg. Days On The Market||37||52||28.85%||76|
|Total Sales Volume||$947,000||$807,500||-17.28%||$1,310,408|
|# of Single Family Listings||180||181||0.55%||169|
|# Foreclosed On Market||10||11||9.09%||13|
|% of Foreclosed on Market||5.56%||6.08%||8.59%||7.92%|
|# Short Sales on Market||11||11||0.00%||9|
|% Short Sales on Market||6.11%||6.08%||-0.56%||5.17%|
|Days of Inventory Left||180||211||14.76%||157|
|Data compiled from the CRMLS multiple listing service for single family homes in the|
|Greater Oroville real estate market area including the areas of Oroville, Palermo, Concow,|
|Forbestown, Bangor, Berry Creek, Brush Creek, Honcut, Yankee Hill|
|Information deemed reliable but not guaranteed.|