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For the week covering September 27^th and ending on October 3^rd there were a total of four hundred three active single family residences available for sale in the Sierra North Valley MLS within the six urban areas of Chico. This number reflects the addition of nineteen new listings ranging in price from the lowest-a one bedroom, one bathroom home with 850 square feet and an asking price of $162,000; to the highest-a three bedroom, two and one half bathroom home with 2,815 square feet and an asking price of $735,000. Collectively the active single family residence market has a combined average asking price of $413,824, a median asking price of $339,950 and an average day on the market (DOM) of 101.

Additionally, this week had seven homes begin the escrow process after an average of 26 DOM. The lowest priced home in this group entered escrow after 2 DOM with an asking price of $199,950 for a two bedroom, one bathroom home with 1,200 square feet. While the highest priced home in this group with an asking price of $394,500 for a three bedroom, two bathroom home with 1,782 square feet entered escrow after 53 DOM. In total, this group had an average asking price of $266,250 with a median asking price of $269,500.

 Eight homes successfully closed escrow this week with seller’s receiving approximately 92% of their original asking price after an average DOM of 118. The highest priced home-a three bedroom, three bathroom home with 2,017 square feet, successfully closed escrow after 298 DOM with a selling price of $402,000. While the lowest priced home with a selling price of $175,000 closed escrow after 120 DOM-this home featured two bedrooms, one bathroom and 1,239 square feet. The combined average selling price of this group was $274,250 with a median selling price of $243,000.