In the Five-Cities area, the median sale price in Arroyo Grande peaked at $625,000 in 2006, and declined year over year by a cummulative total of 33% to $440,000 in 2009.
Sales also suffered. The number of single-family residences sold fell from 459 in 2005 to a low of 273 in 2009.
The upside is homes in Arroyo Grande appeared to be selling faster. After reaching a lengthy time of 98 days in 2007, the number of days needed to market a property shortened to 72 days in 2009.
While the list-price vs. sale-price ratio also declined during the five-year period, the decrease was gradual -
| Year | % SP-LP | DIFF. |
| 2005 | 98.64% | |
| 2006 | 97.92% | 0.72% |
| 2007 | 97.77% | 0.15% |
| 2008 | 97.67% | 0.10% |
| 2009 | 97.17% | 0.50% |
An update will be posted for a year over year review between 2010 and 2009, at close of this year.
Notes:
The above data is based on sales of all single-family residences, including mobile homes, condos, stick-built single family homes, etc., in Arroyo Grande, CA 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
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If I can provide more information about Arroyo Grande 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.comand www.ShortSalesAndREOs.com.
Serving Cayucos, Cambria, Morro Bay, Los Osos, San Luis Obispo, Pismo Beach, Avila Beach, Shell Beach, Arroyo Grande, Atascadero & rest of San Luis Obispo County.
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