chicoblogcentral.com

During the week of August 30^th through September 5^th there were a total of three hundred eighty six active single family residences available in the Sierra North Valley MLS covering the six urban areas of Chico. This number reflects the addition of nineteen new listings added during the week ranging in price from the low of $192,000 for a two bedroom, two bathroom home with 972 square feet to a high of $920,000 for a five bedroom, three and one half bathroom home with 3,247 square feet. This group collectively has a median asking price of $357,000, an average asking price of $431,388 and an average day on the market (DOM) of 100. This week in real estate there were an additional twelve homes which began the escrow process after an average DOM of 52. The lowest priced home in this group entered escrow after 8 DOM with an asking price of $189,000 for a three bedroom, one bathroom home with 1,136 square feet. While at the opposite end of the spectrum, the highest priced home entered escrow after 127 DOM with an asking price of $465,000 for a three bedroom, three bathroom home with 2,507 square feet. In total, this group represents a median asking price of $304,000 and an average asking price of $312,466. Five homes successfully closed escrow this week after an average DOM of 71-receiving approximately 84.66% of the seller’s original asking price. The highest priced home, with a selling price of $661,500, successfully closed after 176 DOM-this home featured four bedrooms, three and one half bathrooms with 3,285 square feet. The lowest priced home in this group-a three bedroom, two bathroom home with 1,233 square feet closed escrow after 5 DOM with a selling price of $230,100. The five homes together represent a median selling price of $269,000 and an average selling price of $372,120.