Paso Robles Real Estate Report: Recovery in a Strong Market

Paso Robles was hit early and hard by the economic issues dogging the state and this county, but it is in the midst of a strong recovery. Flooded with REOs and short sales early on, the inventory has steadily decreased and well-priced homes are receiving multiple offers in some situations. At the moment, judging only by the housing inventory, the Paso Robles area has actually entered "sellers' market" territory.

The asking price has steadily decreased, steadily approaching the actual sales price, which is another sign of a developing sellers' market.

Finally, the price per square foot has held remarkably steady over the past twelve months:

It looks like the market in Paso is poised for a hot spring and summer in 2012, which is great news for sellers.