It’s finally fall! Our clocks have been set back an hour, it’s getting dark earlier and the weather has finally decided to cool off. Plus, Thanksgiving is just around the corner!
When comparing the median sales price of a home to this time last year we see that the price is up across the board in Atascadero, Paso Robles and Templeton. Sellers are also still enjoying selling their home for close to or slightly below what they originally listed it for. This means the market on the Central Coast remains strong and a desirable area to live.
Inventory, the number of active homes available on the market, continues to rise. This is good news for home buyers. The more inventory available means there’s more selection. This also means that sellers might need to be a little more patient when selling their home or be more amicable when it comes to negotiating terms. Here at the office, we have been noticing that a lot of transactions are successful because both the buyer and seller are coming together and giving a little bit. That might mean the buyer giving the seller additional time after the close of escrow to move. Or it might mean the seller giving the buyer credit towards repairs or buying down their loan. When buyers and sellers can work together it creates a win-win situation.
Here are some statistics for Atascadero, Paso Robles and Templeton for the month of October 2023. If you would like to see information on other Central Coast cities, please let us know.