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This week I’ll be looking at the Chico real estate market during the time frame of August 23^rd through the 29^th, covering the six urban areas of Chico within the Sierra North Valley MLS. As of Friday, there are a total of three hundred ninety one active single family residences available for sale with an average DOM (days on the market) of 97. Twenty two new listings were added ranging in price from a low of $189,000 for a three bedroom, one bathroom home with 1,136 square feet to a high of $989,000 for a three bedroom, two and one half bathroom home with 4,623 square feet. Collectively, this group has an average asking price of $432,049 and a median asking price of $359,000. Nineteen homes began the escrow process this week after an average DOM of 60. The highest priced home with an asking price of $675,000 for a four bedroom, three and one half bathroom home with 3,285 square feet entered escrow after 176 DOM. Representing the lowest priced home a three bedroom, one bath home with 1,172 square feet and an asking price of $140,000-began the escrow process after 68 DOM. Receiving approximately 96.6% of the seller’s original asking price-there was a total of six homes that successfully closed escrow this week after an average DOM of 27. The selling price for this group was $341,416, while the median selling price was $269,250. The lowest priced home successfully closed escrow with a selling price of $180,000, the home had a total of 1,398 square feet with three bedrooms, one and a quarter bathrooms after 71 DOM. The highest priced home with a closing price of $725,000 successfully closed escrow after 54 DOM-this particular home had three bedrooms, four bathrooms and contained 3,512 square feet.