As of October 15, home sales in Cayucos have not been encouraging. We closed with 35 sales that included sales of all single family properties in Cayucos. The strongest two months were June and August; each showing six homes sold.
Over the first nine months, the median sales price ranged from a low of $395,000 in August to $852,500 in January, and closing at $650,000 in September. At current sales level, the 2010 median sales price is projected to reflect either a negligible increase or small decline over 2009 median sale price.
Like in the past five years, the average no. of days needed to sell a property had not shortened. That period ranged from 110 days in June to 337 days in August.
Another review will be posted after the closing of 2010.
Notes:
The above data is based on sales of all single-family residences, including mobile homes, condos, stick-built single family homes, oceanfront homes, ranches, etc., in Cayucos for the period from 2005 to 2009. Data is culled from the Central Coast Multiple Listing Service, and deemed accurate at time of report but not guaranteed.
**DOM refers to Days on Market
**SP v. LP refers to Sale Price vs. List Price
If I can provide more information about Cayucos real estate and surrounding areas, the housing market, or assist you, friends or family in a home search or sale, please phone or text me at (805) 234-4315 or email me at Sherry@SherrySim.com or visit www.SherrySim.com and www.ShortSalesAndREOs.com.
Serving Cayucos, Cambria, Morro Bay, Los Osos, San Luis Obispo, Pismo Beach, Avila Beach, Shell Beach, Arroyo Grande, Atascadero.
All content ©Copyright by Sherry Sim. All rights reserved.
Comments(0)