Here are your weekly home sales numbers for the Lake Oroville real estate market for the week ending 8/25/2011.
We had a significant drop in the numbers across the board this week when compared to the unusually strong numbers of the previous week. The home that sold for over $600,000 in the previous week helped set ... [Read More]
Here are your weekly home sales numbers for the Lake Oroville real estate market for the week ending 8/25/2011.
We had a significant drop in the numbers across the board this week when compared to the unusually strong numbers of the previous week. The home that sold for over $600,000 in the previous week helped set up the negative numbers this week. To me, the biggest disappointment in this week’s numbers is the number of Oroville area homes sales that closed escrow. Only 5 this week coming off a count of 16 the previous week is somewhat disheartening. But, as I say: “One week does not make a market.”
MLS Stats for Oroville Area
Week Ending
Week Ending
Weekly %
8/18/2011
8/25/2011
Change
# of Total Sales
16
5
-68.75%
# REO/Short Sales Sold (SS)
10
1
-90.00%
% Sales that are REO/SS
62.50%
20.00%
-68.00%
Avg. List Price
$175,786
$136,780
-22.19%
Avg. Sold Price
$167,683
$127,600
-23.90%
Sold Price % of Listing Price
95.39%
93.29%
1.63%
Avg. Days On The Market
102
52
-49.02%
Total Sales Volume
$2,682,930
$638,000
-76.22%
