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This week I’ll be looking at the activity covering September 13^th through the 19^th in the six urban areas of Chico as reported in the Sierra North Valley MLS. As of the 19^th there were a total of three hundred eighty four active single family residences listed for sale with an average day on the market (DOM) of 98. The total active inventory represents an average asking price of $421,566 and a median asking price of $352,500 with approximately 15% of the inventory deemed ‘distressed’-that is either a foreclosure or an attempted short sale property. For this week there were a total of twenty one new listings added to the MLS ranging in price from the lowest-a four bedroom, two bathroom home with 1,519 square feet and a asking price of $211,000, to the highest-a four bedroom, four bathroom home with 3,600 square feet and an asking price of $650,000. This week we had another nine homes enter the escrow process after an average DOM of 53. The lowest priced home in this group entered escrow after 43 DOM with an asking price of $195,900 for a three bedroom, two bathroom home with 1,170 square feet. At the opposite end, with a DOM of 13, the highest priced home-a five bedroom, four bathroom home with 3,457 square feet entered escrow with an asking price of $685,000. Collectively this segment of the market has an average asking price of $316,366 and a median asking price of $255,000. Seller’s this week received a combined average of approximately 93% of their original asking price with the seven homes that successfully closed escrow. The highest priced home closed escrow with a selling price of $460,000 for a four bedroom, two bathroom home with 1,910 square feet after 90 DOM. The lowest price home received $175,000 for a two bedroom, one bathroom home with 735 square feet after 118 DOM. Collectively this group had an average selling price of $285,714, a median selling price of $270,000 and an average DOM of 114.