Spring is here and warmer weather is just around the corner. It’s been a whirlwind couple of weeks with the kids off for Spring break, Easter being earlier than normal this year and we experienced a solar eclipse. Plus, there are so many festivals and events coming up throughout the county there will be plenty of opportunities to get out and explore.
The housing market on the Central Coast is starting to heat up as well. Spring is typically the time of year we start to see the housing market perk up and the numbers support this. When comparing total sales for the month of March 2024, Atascadero recorded 30 home sales which is up 11% from this time last year. Paso Robles recorded 45 home sales (up 25%) and Templeton saw 7 home sales (up 133%). Median sales prices were slightly down this month when compared to March 2023. Atascadero median sales price was $702, 500, which is a 12% decrease, Paso Robles was $670,000 a 3% increase and Templeton was $800,000 a 5% decrease. However, even with home sales prices taking a slight dip, homes are still closing at or slightly below asking price.
We are noticing that the median number of days on the market is slowly rising. The last few years we have seen these numbers in the single digits but more recently, that number has been climbing higher. The median number of days on the market for Atascadero was 19, Paso Robles 14 and Templeton 26. These numbers are a welcoming site. It means the franticness of the past few years is indeed lessening, affording both the buyers and sellers a more relaxed feel during the home buying or selling process.
Here are some statistics for Atascadero, Paso Robles and Templeton for the month of March 2024. If you would like to see information on other Central Coast cities, please let me know. Feel free visit us at www.MalikRealEstate.com for a city-by-city view of local listings as well as more useful real estate information.