chicoblogcentral.com

For the week covering September 6^th and ending on September 12^th there were three hundred eight four active single family residences available for sale in the six urban areas of Chico within the Sierra North Valley MLS. During this same time frame twenty one new listings were added ranging from the low of $153,900 for a two bedroom, one bathroom home with 774 square feet to the high of $995,000 for a four bedroom, two and one half bathroom home with 3,676 square feet. In total the average asking price for all active single family residences currently listed is $428,392, the median asking price is $359,000 and the average days on the market (DOM) is 102.  Nine homes began the escrow process this week as well after an average DOM of 87. The lowest priced home in this group with an asking price of $240,000, was a three bedroom, two bathroom home with 1,650 square feet which entered escrow after 8 DOM. With an asking price of $769,000, the highest priced home-a four bedroom, two and one half bathroom home with 2,812 square feet-entered escrow after 316 DOM. Collectively this group represents and average asking price of $390,433 with a median price of $269,000. With seller’s receiving a combined average of 97.2% of their original asking price-eleven homes successfully closed escrow this week after an average DOM of 85. The highest priced home closed escrow after 8 DOM and a selling price of $635,000, this home had four bedrooms, two and one half bathrooms and contained 2,950 square feet. With a selling price of $215,000, the lowest priced home-a three bedroom, two and one half bathroom home with 1,197 square feet successfully closed escrow after 113 DOM. This segment represents an average selling price of $349,272 and a median selling price of $305,000.