Aug. 10, 2023
For some of us, summer is coming to a close. Kids will be heading back to school over the next couple weeks and we can all start to get back to a more normal routine.
Comparing the numbers this month to the same month last year we are seeing a slight decline across the board. The number of homes sold, the median sales price and average sales price are all a bit lower than this time last year. Now, this could just mean that last July there were several high priced properties that sold or it could be that our market is starting to level out. We’ll have to continue to monitor the numbers in the following months to see which way the evidence leans.
If we look at the data since the beginning of the year, we see that home prices continue to steadily rise. Each month we can compare the average sales price to the average list price. We continue to see that month after month homes in North San Luis Obispo County are closing very close, if not a little above, their asking price. This indicates that not only is the market strong on the Central Coast but it’s still a good time to sell your home. Buyers can also be reassured that the homes they are purchasing today are retaining their value.
Here are some statistics for Atascadero, Paso Robles and Templeton for the month of July 2023. If you would like to see information on other Central Coast cities, please let us know.