Homes Sold in Oroville this Week

Buying a home is a major decision, and it can feel like a gamble. If you buy now, will real estate prices plummet? Will mortgage rates fall? Or is now the perfect time to snag the home of your dreams?

Things are looking up: Mortgage rates are low despite recent gains, and new data shows the inventory of homes on the market is starting to increase—all good news for buyers.

I’ve added my “Sold in Oroville this week” series to my blog.  This link will keep you informed.  I will be adding a link every Tuesday to keep you informed on our market.

http://mrmlsmatrix.com/DE.asp?ID=39423643240

The post Homes Sold in Oroville this Week appeared first on Charity Berry.

Lake Oroville Poised for a Wet Winter… We Hope.

lake oroville visitor centerShowing lake property without a lake has been an escalating problem for a few years now.

The Lake Oroville area has some amazing sights and tons of recreational activities. Unfortunately, a large portion of them have to do with accessing the lake which is kind of hard these days. With the lake levels at an historic low, the lake has been in the news more than at any other time in history. It seems that every time I pick up an article or magazine that is talking about the drought, there is a picture of Lake Oroville in its depleted state. We have become the “poster child” for California’s near crisis drought conditions.

The effect on the Lake Oroville Real Estate market is debatable. The spring/summer has been great so far with plenty of buyers still looking for that vacation or retirement home by the lake. The interest rates are still low and the home prices while going up a bit, remain stable in the area and the prospect of a wetter than average winter is making everyone I talk to positively giddy. People seem to be optimistic that the lake will fill up again SOMEDAY!  Sellers are still selling and buyers are still buying, so from my perspective, things look pretty good.

According to MSN news, the ocean waters are warming up and we are in a position to experience an “El Nino” event that could rival the winter of 1997/1998. If you lived in the area at that time, you will remember the unbelievable amounts of rain that came down that year. My mom worked for the propane company in downtown Oroville at the time and recalls the huge propane tanks floating down the street on the flood waters. The engineers at the Lake Oroville Dam were very worried at one point that the dam would not hold all the water and that it would breach the dam. Scary stuff indeed.

I personally hope for a lot of rain spread out appropriately enough to fill the lake, but not to cause widespread flooding, but mother nature will do what she wants and we will deal with it. Hopefully, next spring I will be showing homes and showing off the beauty of our area that includes a FULL lake.