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As of October 17 there are a total of four hundred seventeen active single family residences available for sale in the six urban areas of Chico within the Sierra North Valley MLS-of which approximately 17% are deemed distressed properties. Included in the total is the addition of twenty one new listings added during the week beginning October 11^th and ending on the 17^th. The lowest priced home added was a three bedroom, two bathroom home with 1,470 square feet with an asking price of $227,900. The highest priced home in this group-with an asking price of $1,050,000-was a five bedroom, three and one half bathroom home with 4,108 square feet. Collectively all active single family homes represent an average asking price of $418,120, a median asking price of $342,380 and an average day on the market (DOM) of 101. 

There were six homes that began the escrow process this week ranging in price from a low of $179,900 for a three bedroom, one bathroom one with 1,170 square feet which entered escrow after 12 DOM to a high of $439,000 for a four bedroom, two and one half bathroom home with 2,234 square feet which began escrow after 14 DOM. In total, this segment had an average asking price of $321,966, a median asking price of $317,000, and an average combined DOM of 53.

After an average DOM of 39, nine homes successfully closed escrow this week as well. The lowest priced home in this group is represented by a two bedroom, one bathroom home with 774 square feet which closed escrow after 11 DOM-selling for $150,000. While the highest priced home, with a selling price of $455,000 closed escrow after 127 DOM; this home was a three bedroom, two and one half bathroom home with 2,507 square feet. All nine homes represent an average selling price $294,083 and a median selling price of $295,000.