$232K  
While home sales in the Lebec market have been above average, in this week's report they fell 25.0% to three homes sold over the last 30 days. Meanwhile, close-by Bakersfield reported 12 homes sales, the highest number from all the surrounding cities. Prices are falling in Lebec, and this period the median price of all sales fell from $147,500 to $115,000. Despite the slip in sales, a relatively low three months of inventory indicates that Lebec is a seller's market.
Comments:

$549K  
Lebec is a smaller-than-average city in California with 1,468 residents. Also, it has seen a 30.6% increase in population over the last 10 years. The Lebec market is almost exclusively made up of detached houses, which currently account for 100% of the homes for sale in the area. Topping the list of best schools in the city is Pine Mountain Learning Center.
Comments:

$269K  
Fewer sellers put their homes up for sale in the Lebec market over the last 30 days and the number of new listings tumbled this week to zero. Home sales remained unchanged from the prior period and once again four homes were sold. The median sales price of all transactions in Lebec did not budge this week, remaining at $147,500. Despite the flat sales, a relatively low two months of inventory remaining indicates that Lebec is a definite seller's market.
Comments:

$269K  
Over the last 30 days, the Lebec market had a lift in home sales with three. But as sales edged up, the number of pending transactions continued to decline, with a total of one contract during the same period. Prices are falling in Lebec, and this period the median price of all sales fell from $235,000 to $180,000. With only three months of inventory and rising sales, Lebec is a seller's market.
Comments:

$232K  
Over the last 30 days, the Lebec market got positive news with two homes sold. It marks a 100.0% increase from last week's report, while also topping the average sales volume for the prior 12 months. To put it in perspective, close-by Bakersfield registered 14 homes sold in the same time frame, the most of all surrounding cities. The median sales price rose dramatically to $235,000, up from last week's $180,000.
Comments:

$232K  
Sales in the Lebec market rose to two homes sold over the past 30 days, even though the number of sellers reducing their listing price is still in the midst of a downward trend with two price reductions in the same time frame. All indications show that the trend may be coming to an end, meaning more price reductions over the next few weeks.
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$232K  
The Lebec market remains completely quiet as, once again this week, no sales were reported over the previous 30 days. Lebec usually averages 1.5 sales per month.
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$549K  
Lebec has a population that is younger than most in California with a median age of 40 years. Also, it's somewhat affluent with a median income of $51,600 per household. Keep in mind, most people in Lebec own their homes, with a 63.8% ownership ratio. The best school in the city is Pine Mountain Learning Center.
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$549K  
The Lebec market continues a four-week downward trend in sales. Sellers weren't able to find buyers for their properties, resulting in no sales over the last 30 days.
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$269K  
Over the last 30 days, sales in the Lebec market remained at their current pace of one homes. However, the amount of pending transactions continued to improve, reaching a total of two during the same period. Pricing in Lebec remains consistent from last week to this week, with the median sales price at $320,000 again. Lebec is a definite buyer's market, due to a big 12 months of inventory left and aided by the flat sales.
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