I hope everyone had a wonderful Thanksgiving!
Is everyone gearing up for the Holidays? I know in my household we have officially kicked off the Christmas season. We went to Hidden Springs Christmas Tree Farm and cut down our tree (a tradition we’ve been doing for years), our Elf on the Shelf is in full swing and I’m hosting our office holiday party tomorrow.
November numbers are in so let’s talk about them. The number of homes sold increased in all three North San Luis Obispo County cities compared to this time last year; Atascadero increased 73%, Paso Robles increased 3% and Templeton increased 133%. The median sales price rose in Atascadero 9% but both Paso Robles (-8%) and Templeton (-35%) saw a decrease. However, all three cities continue to see home prices remaining strong. When comparing the average sales price to the average list price, homes are closing at or slightly below the list price.
The Real Estate Market here on the Central Coast is slowing down as we enter the last month of 2024. This is nothing to be alarmed about, we are simply following our typical Real Estate cycle that we experience this time of year. This, in part, is why we continue to see the number of active homes on the market increase. It is also why we are seeing an increase in the number of homes with price reductions. Again, nothing to be alarmed about. As I stated above, homes are closing at or close to the asking price. So, whether you’re a buyer or seller, the housing market on the Central Coast is a solid investment.
Here are some statistics for Atascadero, Paso Robles and Templeton for the month of November 2024. If you would like to see information on other Central Coast cities, please let us know.