Kern County New Home Sales Prices

Kern County New Home Sales Prices reach Thirty Six Percent in the $250,000 - $300,000 Range

MarketPointe Realty Advisors(WebWire) 9/7/2007 1:08:58 PM

Kern County, California- In the second quarter of 2007, sales in Kern County ranged from a low of $192,900 for a 1,095 square foot detached home in McFarland, to $659,990 for a 3,003 square foot detached home in Bakersfield. According to ResidentialTrends quarterly publication by Marketpointe Realty Advisors, Inc., an analysis of sales by price range shows that the largest percentage of sales (36 percent) occurred in the $250,000 to $300,000 range, with the $300,000 to $350,000 range capturing 26 percent. There were only 13 sales or 2 percent priced under $200,000, of which three of the sales were attached, while on the other end of the spectrum, 5 percent of the sales were priced over $400,000.

Arvin, McFarland, and Rosamond had positive price movement this quarter, while over the last year only Rosamond has experienced positive price movement. In Bakersfield, the detached weighted average price decreased 10 percent this quarter and is down 6 percent over the last year.