Best Realty's Lake Oroville Real Estate Blog

 Now, before you get too excited about the change in sales for the Paradise real estate market compared to last week, you need to know that I have made a change in the areas that I am tracking for you.  Due to popular demand I have now added the Magalia area to my Paradise CA weekly reporting.  Reporting on a larger geographical area will smooth our the wild swings in the numbers that sometime occur with smaller samples of numbers. Stay tuned for future reports.

MLS Stats for Paradise Area
Week Ending
Week Ending
Week Ending
Weekly % 

 
2/12/2010
2/19/2010
2/26/2009
Change

# of Total Sales
7
2
16
700.00%

# REO/Short Sales Sold (SS)
2
1
7
600.00%

% Sales that are REO/SS
28.57%
50.00%
43.75%
-12.50%

Avg. List Price
$126,442
$269,250

$161,546

-40.00%

Avg. Sold Price
$113,142
$254,000
$151,912
-40.19%

Sold Price % of Listing Price
89.48%
94.34%
94.04%
-0.32%

Avg. Days On The Market
107
24
87
262.50%

Total Sales Volume
$791,994
$508,000
$2,430,600
378.46%

# of Single Family Listings
148
148
225
52.03%

# Foreclosed On Market
18
18
29
61.11%

% of Foreclosed on Market
12.16%
12.16%
12.89%
5.98%

# Short Sales on Market
17
17
24
41.18%

% Short Sales on Market
11.49%
11.49%
10.67%
-7.14%

 Another ho-hum week for Lake Oroville real estate market as sales activity continues to under perform. But once again we find that the inventory of Oroville homes for sale has dropped to another low. 
If the current activity in the office of our Oroville market is any indication we may soon be seeing a change in these sales numbers. Our Oroville agents have been very busy this week showing property and writing offers. It is good to see that maybe the spring-like weather is bringing buyers out.
If you are thinking of selling, now might be the time to get your home on the market.

MLS Stats for Oroville Area
Week Ending
Week Ending
Week Ending
Weekly % 

 
2/8/2010
2/15/2010
2/22/2010
Change

# of Total Sales
8
9
8
-11.11%

# REO/Short Sales Sold (SS)
5
4
5
25.00%

% Sales that are REO/SS
62.50%
44.44%
62.50%
40.63%

Avg. List Price
$156,674
$108,188
$116,644
7.82%

Avg. Sold Price
$149,800
$98,722
$109,500
10.92%

Sold Price % of Listing Price
95.61%
91.25%
93.88%
2.88%

Avg. Days On The Market
303
67
53
-20.90%

Total Sales Volume
$1,253,392
$973,692
$933,152
-4.16%

# of Single Family Listings
308
291
287
-1.37%

# Foreclosed On Market
36
35
31
-11.43%

% of Foreclosed on Market
11.69%
12.03%
10.80%
-10.19%

# Short Sales on Market
49
46
44
-4.35%

% Short Sales on Market
15.91%
15.81%
15.33%
-3.01%