Are home values in Kern County going up or down?
If you compare the average sale price in May 2005 to July 2007 the results are
showing a stable sale price:
Average Sold Prices increased by 2.3%!
Matt Anzaldo's Opinion:
The home values are going down. Since May the average
home price has increased which is a good sign for real estate
market, right? Not really because most of these homes sold for
less than there asking price or prior sale price. The real estate
market is changing from declining to stable from the "boom" of
2004-2005, the market needs more buyers and less active
listings for the values to increase.
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