Like every other markets, the city of San Luis Obispo was not spared by the decline in home sales and prices on stick-built single family residences. Notwithstanding that the city of San Luis Obispo is a college town that tend to face higher turnover in ownership, home … (2 comments)
market conditions: Review of Home Sales & Prices in Pismo Beach - 08/23/08 07:29 PM
Buyers, who bought in Pismo Beach during the first six months in 2008, probably enjoyed the lower prices when comparing prices to the same period in 2007. The median home price during this period decreased by 12% from $757,000 to $665,000. Overall, home sale prices are lower.
During … (0 comments)
market conditions: Astonishing Short Marketing Time in Oceano! - 08/23/08 07:27 PM
Like Pismo Beach and Nipomo, the median home price in Oceano dropped by 12% from $429,000 to $378,400 in the first half of 2008, when compared to the same period last year. Home prices fell from $269,900 to $185,000 at the low end. At the high end, however, homes … (0 comments)
The above statistics showed that Nipomo, like Grover Beach and Pismo Beach saw a decline of 12% in the median home price. In the first half of 2008, the median home price was $499,900. That declined by $65,100 from $565,000 a year ago. At the same time, overall … (0 comments)
During January to June of 2008, the median home price on stick-built single-family homes in Grover Beach fell by 11%, from $487,500 to $434,375 when compared to the same six months in 2007. Lower-priced homes, particularly those at the low end, seems to remain unchanged at $230,000, while … (0 comments)
market conditions: Are Home Sale Prices still Maintained in Avila Beach? - 08/23/08 07:18 PM
Amongst the five cities in South San Luis Obispo County, Avila Beach saw the highest decrease in median home prices in the first half of 2008. When compared to the same period a year ago, the median home price in Avila Beach dropped by 18% from $902,500 to $740,000. … (0 comments)
market conditions: Sales & Home Sale Prices in Arroyo Grande? - 08/23/08 07:16 PM
A review of the home sales and prices in Arroyo Grande for the first six months of 2008 over the same period in 2007 shows that the median home price has declined by 16%, from $610,000 to $513,500. Except for Avila Beach, most of South San Luis Obispo County … (0 comments)
Among the three established communities in North San Luis Obispo County, Templeton's median home prices on stick-built single-family residences declined the least, by 14% from $587,000 to $503,000 in the first half of 2008 when compared to the same period in 2007.
Home sales on these properties dropped … (1 comments)
Los Osos saw the highest drop of 34% in home sales in the first half of 2008. During that period, only 44 stick-built single-family homes were sold, compared to 67 homes in 2007.
While fewer homes did sell, home sales improved to the range of $266,061-$970,000 in the first … (0 comments)
Like other areas in San Luis Obispo County, Cambria suffered a big drop (-30%) on home sales during the first six months of this year. Compared to the same period last year, only 35 stick-built single-family residences sold versus 55 homes a year ago.
To compound matters, the time needed to … (0 comments)
Compared to the same period in 2007, the number of stick-built single family properties sold in the first half of 2008 decreased by 24%, or only 47 homes. At the same time, those properties took an additional 18 days to sell, versus 137 in the first … (0 comments)
Sales of stick-built single-family homes in Cayucos did not suffer during the first half of 2008 when compared with the same period a year ago. In both periods, the same number of properties, i.e. 11 sold.
Interestingly, the marketing time decreased by 17% to 110 days during the first six … (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 … (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 … (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 … (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% … (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 … (0 comments)
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