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The Cal Poly Lion Dance Team was a hit with our guests who came to celebrate the Lunar New Year with our RE/MAX team at our Morro Bay, CA office. 2008 is the Year of the Rat that began on February 7, 2008. There are 12 animals in the Chinese zodiac. Predictions on what will happen for that year and attributes of the people born during that year, are associated with the characteristics of that animal. According to legend, the rat was the first animal to show up when Buddha summoned all the animals to come to him. Thus, the rat is the first sign (0 comments)
Compared to the towns/cities on the North Coast, single-family properties in San Luis Obispo appear to sell faster. In 2007, homes sold in less than 100 days, despite the increase of 17% in the average marketing time over 2006. The median sale price improved from $500,000 in 2003 to $655,000. The 6% decline in 2007 in the median home price versus 2006 prices did not erase any earlier gains, such as the 20% price increase in 2004/2003, or the 12% improvement in 2005 over 2004. Being (0 comments)
Along the North Coast in San Luis Obispo County, Cambria probably saw the least decline in the median home prices of single-family residences. Homeowners of these properties could be said to have been mildly affected by the 1% drop in the median home prices last year, when compared to the same period a year ago. Like the neighboring towns, real estate sales in Cambria were not spared - only 105 single-family residences sold in 2007- a 20% decline when compared to 2006, and the average marketing (0 comments)
The real estate market in Los Osos has long been plagued by the sewer moratorium and the more recent water moratorium. These factors reflect the lower prices of the properties that are situated so close to the coast. Between 2003-2005, Los Osos single-family homeowners also enjoyed double-digit growth in the median home prices. Growth stalled in 2006, and single-family homeowners did not suffer any drop in home prices until last year. Like the rest of San Luis Obispo County, home sales in Los Osos also saw declines, (0 comments)
The above statistics reveal that homeowners of single-family residences in Morro Bay saw a huge jump in median price appreciation by 25% in 2004 when compared to 2003. The median home price appreciation fell by 8% a year later, and continued to decline each year. In 2006, the median home price dropped by 5% in 2006 and a further 7% last year. Year over year sales also declined from 2004. The highest drop in the number of single-family home sales was the 33% drop in 2005 (0 comments)
Cayucos is not immune to the dampened market that we are experiencing in 2008. During the past five years, Cayucos enjoyed two double-digit growths in median home price appreciation of 21% in 2004 and 26% in 2005. The price increase dropped to 6% in 2006 when compared to the previous year. Last year, Cayucos homeowners saw a 11% drop in the median home prices. On the upside, the number of single-family residences improved by 16% in 2007; a huge improvement compared to the 37% decrease in 2006 or (0 comments)
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.