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 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 San Luis Obispo 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.
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