Are Home Prices Still Decling in Los Osos?

By
Real Estate Agent with Sims & Company 01385503

 

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 needed to sell a home continued to climb from an average of 74 days five years ago to 137 days in 2009.  On a brighter note, the sale-price to list-price ratio appeared somewhat consistent over the five-year period, averaging about 95%.


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Notes:
The above data is based on sales of all single-family residences, including mobile homes, condos, stick-built single family homes, etc., in Los Osos, 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 Los Osos  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 2010. All rights reserved.

 

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