Atascadero Home Sales & Prices : 2005-2009
The review of home sales and sale prices in Atascadero from 2005 to 2009 showed that the median sale price declined each year since 2007; dropping from a high of $504,783 in 2006 to $331,000 in 2009. This reflected a cummulative decrease of 40% in a 3-year period.
While the number of single-family homes sold fell in 2006 and 2007, the figure picked up in the following two years, ie 2008, and 2009. During the same two years in 2008 and 2009, the length of marketing time also declined to an average of 55 days in 2009. These two trends are illustrated in the chart below.
The inventory in Atascadero reflects a high number of foreclosures and short sales, and possibly attributing to the higher number of sales in the lower priced properties, and the continuation of price declines.
The good news is that anticipated price declines are probably going to be in the single-digits, and homes are being sold closer to list prices.
Notes:
The above data is based on sales of all single-family residences, including mobile homes, condos, stick-built single family homes, etc., in Atascadero, CA for the period from 2005 to 2009. Data is culled from the Central Coast Multiple Listing Service, and deemed accurate at time of report but not guaranteed.
**DOM refers to Days on Market
**SP v. LP refers to Sale Price vs. List Price
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If I can provide more information about Atascadero real estate and surrounding areas, the housing market, or assist you, friends or family in a home search or sale, please phone or text me at (805) 234-4315 or email me at Sherry@SherrySim.com or visit www.SherrySim.comand www.ShortSalesAndREOs.com.
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