REVIEW OF THE PAST 5-YEAR PRICE / SALE TRENDS
CAMBRIA
|
YEAR
|
Sales
|
|
Median
|
|
Avg. CDOM
|
|
High
|
Low
|
Avg. SP/LP
|
|
|
|
|
|
|
|
|
|
|
|
|
2003
|
196
|
|
$526,500
|
|
92
|
|
$3,500,000
|
$250,000
|
97%
|
|
2004
|
177
|
-10%
|
$642,000
|
22%
|
90
|
-2%
|
$2,195,000
|
$308,000
|
97%
|
|
2005
|
181
|
2%
|
$699,000
|
9%
|
102
|
13%
|
$3,150,000
|
$399,000
|
97%
|
|
2006
|
132
|
-27%
|
$708,500
|
1%
|
112
|
10%
|
$5,000,000
|
$370,000
|
96%
|
|
2007
|
105
|
-20%
|
$700,000
|
-1%
|
155
|
38%
|
$4,250,000
|
$375,000
|
95%
|
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 time needed increased from 90 days in 2004 to 155 days at the end of 2007.
**Avg. CDOM - average cumulative days on the market ** +/- (%) Difference in %
**Avg. SP/LP - average selling price vs. listed price ** Median - refers to median home prices
***Information collated from the Central Coast MLS, deemed correct but not guaranteed.
;)
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