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Real Estate in Bakersfield & Kern County

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Bakersfield & Kern County Zip Codes
93301
93302
93303
93304
93305
93306
93307
93308
93309
93311
93312
93313
93314
93380
93381
93382
93383
93384
93385
93386
93387
93388
93389
93390

Bakersfield & Kern County Area Code
661


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Welcome to Real Estate in Bakersfield & Kern County
Bakersfield, incorporated in 1898, is located in the County of Kern and is the county seat. The City of Bakersfield covers approximately 114 sq. miles, (metro area is 224 sq. Miles) and is 492 ft. above sea level. It is located at the southern end of the San Joaquin Valley. The valley is partially surrounded by three mountain ranges. The Temblor Range is to the west, the Tehachapis to the south and the Sierra Nevadas to the east. The Kern River flows through the valley adding natural beauty to the area. Bakersfield was designated an All America City in 1990 by the National Civic League.
Source: Greater Bakersfield Chamber of Commerce
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Bakersfield, CA Real Estate Market

Bakersfield, California is located in between two of the biggest cities in the state – Los Angeles and Fresno. The city has experience economic and social growth over the past ten years and has become comparable to other large American cities.

The real estate market in Bakersfield is currently a buyers market. The number of buyers exceeds the number of sellers in the area. Additionally, there are a large number of houses on the market right now. This gives the buyers a number of choices when they are choosing a home. Prices have been falling during recent years, which also works in favor of buyers.

In Bakersfield real estate, houses have been staying on the market longer. This is due in part to the fact that there buyers have so many different choices of houses in the area. They do not feel pressure to sign a contract or close a deal because there is a great chance that they will find something better in another part of down. Sellers find themselves forced to bring prices down.

In recent years, there is been a sizeable amount of appreciation on Bakersfield real estate. Because of this, sellers are still able to make profits even when they have to reduce the price of their offerings.

Even though buyers have such a tight control over the market, there investors still have an opportunity to make a profit on Bakersfield real estate. Investors that are looking for get-rich-quick deals won’t find much success in this area. On the other hand, the investor that is willing to put a little extra time and effort into Bakersfield real estate can receive sizable profits.

Both investors and home sellers alike can sell Bakersfield real estate by making sure that it is priced right. Since buyers have so many choices for real estate, they will be quickly turned away by prices that are too high. Sellers will be forced to drop prices leaving potential buyers wondering why the priced has been dropped. Even when you drop the price of the property, buyers will shy away from homes that have stayed on the market for too long.

Whenever a piece of real estate stays on the market for too long it becomes stagnant. This makes the property difficult to sell. The right pricing is vital for selling Bakersfield real estate.

The best way to price Bakersfield real estate is by comparing to other homes that have sold in the area. Many investors and sellers are inclined to price Bakersfield real estate based on the price of homes currently on the market. However, this isn’t the best way to determine the price of your property. Since buyers have control of the Bakersfield real estate market, you must make sure that you price homes according to what the buyers want.

Don’t let what’s going on in other parts of the Bakersfield real estate market fool you into thinking that you can’t make money in this area. The appreciation of homes counters the control that buyers have on the market.
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