In August 2008 median home price sales in Bakersfield were $191,088. this represents a 35% decrease from August 2007´s median home sales price of $290,552. There were a total of 592 houses sold in August 2008 which is a 187% increase from August 2007's sales of 315, the highest price home sold for $925,000. and the lowest home sold was $26,000.
Certain sections of the city experienced an increase in both sales and average selling price while other areas had a decrease in sales and average selling price. It is a great time to buy if you know where to look, as a real estate expert in the Bakersfield market, I'm here to help you find a great property at a great price, please contact me today for an up to date market report.
As for my team and I we are happy to report more positive news as well. 2007´s year to date numbers for the end of August came in at 11 homes sold totaling $2,956,225. Closeout for the month of August 2008, we are at 45 homes sold with a total of $8,961,408. which gives us a 303% increase in home sales so far this year!
