market conditions: Home Sales & Median Sales Prices in San Luis Obispo, CA - 02/29/12 04:24 PM
 
 
Review of Homes Sales & Median Sales Prices in San Luis Obispo, CA - 2009 to 2011
 
 
The above chart shows that median sales prices of stick-built single family properties in San Luis Obispo are still declining. The median sale price dropped by about 4.3% in 2010 when compared to a year earlier, and again by almost 5.5% in 2011 when compared to 2010.
Conversely, the lower sales prices show a marked improvement in the number of homes sold.  In 2010, sales of stick-built single family residences in San Luis Obispo jumped by about 19.6% from 2009, but … (0 comments)

market conditions: ARROYO GRANDE : HOME SALES & SALE PRICES - 2005 TO 2009 - 11/17/10 07:47 AM
                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 … (0 comments)

market conditions: CAYUCOS: REVIEW OF MEDIAN SALE PRICES IN 2010 - 10/31/10 04:30 PM
        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 … (0 comments)

market conditions: CAYUCOS: REVIEW OF HOME SALES & MEDIAN SALE PRICES: 2005-2009 - 10/31/10 04:26 PM
      
        Where are prices headed in Cayucos? It's a million-dollar question for 2010 and the following years.          A study of the home sales for the past five years show that prices are still heading down ~ see chart below:-        The median sales price began at $880,000 in 2005, and declined by 3% to $832,600 in 2006.  In 2007, that median sales price dropped by another 2% to $815,000, and again by 2% to $799,250 in 2008.  The biggest decrease of 23% to $615,500  was registered in 2009.  These decreases are better illustrated in the graph below.        … (0 comments)

market conditions: MORRO BAY HOME SALES & PRICE REVIEW 2005-2009 - 10/31/10 04:21 PM
With the exception of home sales, a review of the home sales from 2005 to 2009 in Morro Bay reveals a slow down in median sale prices and decline in yield to sellers.  The issues are compounded by the length of time needed to sell a home in Morro Bay today. 
       
 
            As shown in the graph below, median sale price decreased every year from 2005, dropping by 1% to $599,000 in 2006; and by 10% to $539,000 in 2007.  By end 2009, the median price had dropped to $463,000.   The decline could be attributed to … (0 comments)

market conditions: Are Home Prices Still Decling in Los Osos? - 10/31/10 04:06 PM
 
Since 2005, the median sale price on sales of single-family residences in Los Osos, CA has been decreasing; starting at $482,325 five years ago, and ending at $354,305 in 2009.  This reflects a cumulative drop of 30% over the five-year period.  The lower median sale price is attributed to sales of more lower-priced properties.

The number of homes sold from 2005 to 2009 also declined each year; from 258 in 2005 to a low of 120 homes in 2008.   The town saw a huge improvement of 29% when 155 homes sold a year ago.        Regrettably, the time … (0 comments)

market conditions: Los Osos : What's Selling in 2010? - 10/31/10 03:53 PM
 

           The above table provides some insight on how homes sales and prices fared in the first nine months in Los Osos.  A total of 127 single-family residences sold, with the highest closing of 19 sales in September.            Interestingly, the length of time - DOM or Days on Market - needed to sell homes during this period varied from month to month.  The DOM was highest at an average number of 185 days in January, went down to an average of 42 days in May, and then was back up at an average of 156 days last month.  … (0 comments)

market conditions: Cambria Home Sales & Prices : 2005-2009 - 10/30/10 08:04 PM
 

Like the rest of San Luis Obispo County, home sale prices in Cambria has been declining steadily since 2006.  The median sale price dropped from $705,000 in 2006 to a  low level of $515,000 last year.  Sellers were impacted as the sales prices also decreased in proportion to their asking prices. The result is sellers receiving less money on each sale.

 
On a brighter note, while the number of homes sold during this period also declined, we saw a jump of 24% in home sales in 2009.  At the same time, the number of days needed to sell a … (2 comments)

market conditions: San Luis Obispo Home Sales & Prices: 2005-2009 - 10/30/10 08:00 PM
 

A review of the home sales and sale prices in San Luis Obispo revealed that prices began to decline in 2006, from the median sales price of $615,000 to $455,000 in 2009. During the same period, with the exception of 2007, the number of homes sold also declined every year. 
 
The chart above also illustrates the challenges faced by sellers during this period, in terms of marketing time and net sales prices.Notes:The above data is based on sales of all single-family residences, including mobile homes, condos, stick-built single family homes, etc., in San Luis Obispo, CA for the period from … (0 comments)

market conditions: Review of Home Sales/Prices in San Luis Obispo, CA - 03/02/09 10:15 PM
 
 JANUARY-DECEMBER 2008 VERSUS JANUARY-DECEMBER 2007

 
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 sales fell by a huge 24% in 2008.  Compared to 2007 where there were 275 home sales, only 209 sold in 2008.
It's interesting to note too that there are fewer million-dollar purchases in San Luis Obispo during 2008.  Of the 209 sales in 2008, only 24 or about 23% … (2 comments)

market conditions: Median Home Price Declined Slightly in San Luis Obispo - 09/04/08 05:11 PM
 
REVIEW OF HOME SALES & MEDIAN HOME PRICES
ON STICK-BUILT SINGLE-FAMILY HOMES IN CITY OF SAN LUIS OBISPO
(UNDER $1M)
JANUARY-JUNE 2008 VS. JANUARY-JUNE 2007
 
(0 comments)

market conditions: Review of Home Sales & Prices in Pismo Beach - 08/23/08 12:29 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 January-June 2008, home sales in Pismo Beach dropped by 25% from 52 home sales to 39.  At the same time, the average number of days taken to sell these properties increased by 42 days, from 119 to 161 days.
 
The trend appears to reflect similar market conditions in the rest … (0 comments)

market conditions: Astonishing Short Marketing Time in Oceano! - 08/23/08 12:27 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 sold higher at $810,000; $30,000 more than the same period a year ago. 
 
During the same six months in 2008, 14 single-family homes sold.  The decline at 26%, is 5 fewer homes when compared to the same period in 2007.  What's interesting is that the average number of days to … (0 comments)

market conditions: Home Sales Improved Slightly in Nipomo - 08/23/08 12:24 PM

 
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 home sale prices also fell to $246,000 at the low end, and up to $900,000 at the high end.
 
Unlike many of her counter-parts in San Luis Obispo County, Nipomo enjoyed a slight increase in home sales, by 6%. 85 homes sold in the first half of 2008, 5 more … (0 comments)

market conditions: Home Sales & Home Sale Prices Still Falling in Grover Beach - 08/23/08 12:22 PM
 
 
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 higher-priced homes sold lower at $740,000, versus $800,000, when compared to the same period last year. 
 
The total number of homes sold under $1M also dropped by a huge 32%, from 56 single-family homes to 38.  Conversely, and perhaps to sellers' delight, homes sold during this period, took shorter time, … (0 comments)

market conditions: Are Home Sale Prices still Maintained in Avila Beach? - 08/23/08 12:18 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.  
 
As noted above, the low end of the price range on stick-built single-family homes start at $825,000 in this area.  Since the report covers only four sales in the first six months of 2008, versus two sales in the first half of 2007 on properties priced under $1M, the low … (0 comments)

market conditions: Sales & Home Sale Prices in Arroyo Grande? - 08/23/08 12:16 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 fell by 11-12%.  As such, Arroyo Grande has suffered the second highest decrease at 16% in South San Luis Obispo County.
During this period in 2008, 107 stick-built single-family residences sold, with a drop of 21%, or 29 fewer sales from 2007.
Compounding the issue is that homes are also taking … (0 comments)

market conditions: Templeton also suffers a double-digit decline - 08/22/08 07:29 PM

 
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 by 19% from 43 to 35 during the first six months of 2008 versus the same period a year ago.  Sellers also faced a slightly longer time to sell their homes between January-June 2008 versus the same six months in 2007.  In the first half of 2008, homes sat for 116 days; an additional … (1 comments)

market conditions: Did the high number of foreclosure sales help Paso Robles? - 08/22/08 07:11 PM
 
 
 
 
(0 comments)

market conditions: Atascadero Suffers Most in S.L.O. North County - 08/22/08 06:58 PM

 
(0 comments)