The population of Guadalupe is growing about even with the rest of California, at a 10-year growth rate of 23.5%. It's a larger than average city compared to the rest of the state, with 7,080 residents. With a median age of 29 years, homes in Guadalupe tend to be relatively old. The top school in the city is Kermit McKenzie Junior High School.
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The number of homes coming into the Guadalupe market stayed firm with one listing over the last 30 days, while sales remained right where they were as once again one home was sold over the same period. The median sales price dropped dramatically to $178,150, down from last week's $365,000. There is only one month of inventory available in Guadalupe, so it's a definite seller's market, even if sales are flat.
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The Guadalupe market pulled back with a 50.0% sales drop in this week's report. Overall sales numbers for the last 30 days remained below the 1.0 monthly average with one home sold. In comparison, nearby San Luis Obispo had 29 sales in the same time frame, the most of all neighboring cities. Prices were able to find a top with the average selling price rising to $365,000, a one-year high. Despite the slip in sales, a relatively low one month of inventory indicates that Guadalupe is a strong seller's market.
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The Guadalupe market is currently in the middle of a prolonged upward sales trend, even as sales remained flat at two homes sold over the last 30 days. The median sales price of all transactions in Guadalupe did not budge this week, remaining at $350,000.
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On top of an established downward trend in sellers reducing price, including zero markdowns over the last 30 days, sales in the Guadalupe market dropped to two over the same stretch of time. While price reduction numbers dropped, sale prices were able to climb. This week's reported median sales price of $350,000 continued an eight-week upswing.
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The Guadalupe market warmed up this week and remained above its average as sales climbed 50.0% to reach three homes sold over the last 30 days. To put it in perspective, close-by San Luis Obispo registered 43 homes sold in the same time frame, the most of all surrounding cities. Potential buyers should note that prices went up in Guadalupe, with the median for this period rising from $306,000 to $335,000.
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Guadalupe is a small city in California, and is less affluent than average with a median income of $39,318 per household. It's much older than the rest of the state, with a median age of 28. Guadalupe is an area where 49.6% of the homes are owned, while 46.3% are rented. Heading the list of top schools in the city is Kermit McKenzie Junior High School.
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Over the last 30 days, a budding upward sales trend continued in the Guadalupe market, extended as sales rose to two this week. Potential buyers should note that prices went up in Guadalupe, with the median for this period rising from $277,000 to $306,000.
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Over the past 30 days, there have been fewer price cuts in the Guadalupe market, continuing a three-week declining trend to land at zero. However, home sales remained flat with one over the same period. While the number of price reductions trended lower, months of inventory is on a four-week upswing, this week hitting one months. In spite of the decrease in sales, the lack of inventory signals that Guadalupe is still a definite seller's market.
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There was one home sale in the Guadalupe market over the last 30 days, while coming close to the 1.0 monthly average for the last 12 months. Within the same time frame, San Luis Obispo had 42 sales, the most of all cities in the area. The median sales price of homes sold came in at $277,000, which extended a price upswing to four weeks. The rising prices, along with the fact that there is a lower-than-normal one month of inventory, drive home the fact that Guadalupe is a definite seller's market.
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