Spring has officially sprung! The flowers are starting to bloom, weeds are growing out of control and wait… what happened to our beautiful weather? It rained last weekend? Yup, sounds like spring weather on the Central Coast. You never know how the weather the first week of May will be.
Well, our market is definitely picking up! We’re seeing the number of new listings coming on the market going up. However, even with the number of new listings ticking up, the buyers’ demand seems almost as thirsty as it’s been the last couple years. Homes are going under contract, days on market, at a relatively quick rate. Atascadero days on market was 12, Paso Robles was 11 and Templeton was 21. Is this an indication of what’s to come? We’ll have to wait and see.
While looking at the numbers for April you will notice that the median sales price took a bit of a dip in Atascadero (-12%) and Templeton (-46%) but is up 42% in Paso Robles. This is most likely because some very high priced properties sold during that time last year, skewing the median sales price. Homes on the Central Coast continue to, on average, close at or slightly below their initial asking price. This indicates that home values are remaining strong.
Here are some statistics for Atascadero, Paso Robles and Templeton for the month of April 2024. If you would like to see information on other Central Coast cities, please let us know