$235K  
This week in the Spice Tract market, sales dropped to one home sold over the last 30 days, even as it endures a new upward trend in price reductions, with two reported in the same time frame. The median sales price climbed to $173,000, up from last week's $162,500. There are only two months of inventory available in Spice Tract, so it's a definite seller's market, even with the decrease in sales.
Comments:

$235K  
The Spice Tract market might be slowing in the coming weeks. Sales stayed steady at two homes sold over the last 30 days, but there is an identifiable downward trend in the number of new listings, with zero going live in the same time frame. While new seller numbers were weak, the median sales price of homes sold came in at $162,500, which extended a price upswing to four weeks. In spite of flat sales, a low one month of inventory signals that Spice Tract is a strong seller's market.
Comments:

$175K  
The number of sellers who put their homes up for sale in the Spice Tract market over the last 30 days remained flat this week at zero. Home sales also remained unchanged from the prior period and once again two homes were sold. Pricing in Spice Tract remains consistent from last week to this week, with the median sales price at $162,500 again. Despite the flat sales, a relatively low one month of inventory remaining indicates that Spice Tract is a solid seller's market.
Comments:

Spice Tract has a cost of living adjustment score of 93.7, which is average when compared to others in Bakersfield. Also, the area is considered less affluent than average with a median income of $49,854 per household. Homes in Spice Tract are relatively old with a median age of 34 years. The top school in the neighborhood is Discovery Elementary School.
Comments:

$225K  
There was one home sale in the Spice Tract market over the last 30 days, above the 0.1 monthly average. Within the same time frame, the Haggin Oaks neighborhood had three sales, the most of all neighborhoods in the area. The rising sales and a low one month of inventory point to Spice Tract being a strong seller's market.
Comments:

$155K  
The Spice Tract market was quiet this week and reported zero home sales over the last 30 days. Spice Tract usually averages 0.1 sales per month.
Comments:

$225K  
The Spice Tract market was quiet this week as no sales were reported over the previous 30 days. Spice Tract usually averages 0.2 sales per month.
Comments:

$225K  
Sellers in Spice Tract weren't able to find buyers for their properties, resulting in a 30 day period of no sales. Spice Tract usually averages 0.2 sales per month. While there was a lack of activity, the median sales price of homes sold came in at $0, which extended a price upswing to four weeks.
Comments:

$225K  
The Spice Tract market was quiet this week as no sales were reported over the previous 30 days. Spice Tract usually averages 0.2 sales per month.
Comments:

$155K  
Spice Tract is a larger than average neighborhood in Bakersfield with a population of 7,411 people. Although it does rank as the fastest growing, at a 10-year growth rate of 1.3%. It should be noted that 45.8% of the homes in Spice Tract are owned, while 47.8% are rentals. The top school in the neighborhood is Discovery Elementary School.
Comments:
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Watson Realty
Snapped 1 home in this area
Tholco Real Estate Group
Snapped 2 homes in this area

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