Pismo Beach Real Estate 2010 Market Update*

By
Real Estate Broker/Owner with Mint Properties, Lic. #01871795 Lic. #01871795
https://activerain.com/droplet/VW

Pismo Beach Real Estate 2010 Market Update*

It's the beginning of a new year, so many people are waiting anxiously to hear how many homes and condos were sold in Pismo Beach last year, what the average sale price was, and how it compared to 2009. 

Here you go:

2010                                                   

2009

65 Pismo Beach Homes

70 Pismo Beach Homes

Average Sales Price $614,131

Average Sales Price $792,433

99 Days on Market

118 Days on Market

$357 per square foot

$442 per square foot

13 Pismo Beach Foreclosures                       

10 Pismo Beach Foreclosures

6 Pismo Beach Short Sales     

8 Pismo Beach Short Sales

  

  

21 Pismo Beach Condos, PUDS

14 Pismo Beach Condos, PUDs

Average Sales Price $550,176

Average Sales Price $609,644

 330 Days on Market

108 Days on Market

$411 per square foot

$422 per square foot

3 Pismo Beach Foreclosures

2 Pismo Beach Foreclosures

8 Pismo Beach Short Sales     

1 Pismo Beach Short Sale

*  Based on the information from the Central Coast Regional MLS. The Association, the Multiple Listing Service, nor Mint Properties guarantees or is in any way responsible for its accuracy. Data maintained by the Association or its MLS may not reflect all real estate activity in the real estate market

Posted by

Tni LeBlanc, Broker
(805) 878-9879 mobile/text

tni@mintprop.com
www.MintProp.com
CalBRE #01871795

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California San Luis Obispo County Pismo Beach
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Rainmaker
108,059
Traci Ferguson
San Luis Obispo Realtor & ecoBroker with Patterson Realty - San Luis Obispo, CA
Realtor, EcoBroker, LEED AP

great synopsis of the past couple of years in Pismo.

the average sales price is very dramatic for Condos/ PUD's and Homes. Pismo is seeing some new construction and condos are a big money maker for the small town. there are still a few brave builders and there will be a few new condo complexes on San Luis Ave and Price St.. They will be listed from the mid-700K to the low-800K.

I fell the Pismo beach market staying flat with buyer interest in the area returning in the Spring and into the Summer. I'm optimistic for the area.

Traci

Jan 12, 2011 04:08 PM #1
Rainmaker
412,397
Tni LeBlanc, Realtor®, J.D.
Mint Properties, Lic. #01871795 - Santa Maria, CA
Tenacious Tni (805) 878-9879

Thanks Traci,

Prices have definitely been affected in the Pismo Beach area.  The next year will be interesting for the market there.  For the folks waiting to buy the vacation or second home of their dreams - now may be a good opportunity.  Pismo Beach is a fantastic community and a great place to relax. 

Tni

Jan 12, 2011 04:14 PM #2
Rainmaker
983,321
Susan Haughton
Long and Foster REALTORS (703) 470-4545 - Alexandria, VA
Susan & Mindy Team...Honesty. Integrity. Results.

You have really been number crunching these days...great job!  Consumers in your area need look no further than your posts to get a good idea of what is going on in your market.

Jan 12, 2011 04:16 PM #3
Rainmaker
412,397
Tni LeBlanc, Realtor®, J.D.
Mint Properties, Lic. #01871795 - Santa Maria, CA
Tenacious Tni (805) 878-9879

Thanks Susan! End of the year reports are my favorite!  There have been some major price recessions in Pismo Beach.  These are the price reductions people have been waiting on for years! 

Jan 12, 2011 04:28 PM #4
Rainmaker
749,818
Jackie Connelly-Fornuff
Douglas Elliman Real Estate in Babylon NY - Babylon, NY
"Moving at The Speed of YOU!"

Hi Tni, wow, you do not have a lot of short sales in Pismo Beach. In my area, and it's only 1 town, has almost 70 which is 30% of the listings on the market. Your market report is easy to understand and consumers love that!

Jan 12, 2011 11:37 PM #5
Ambassador
461,215
Stacey Smith
Coldwell Banker - Aliso Viejo, CA
Your Orange County Beach Cities Realtor

The first time I ever heard about Pismo Beach was once I was a kid watching Looney Tunes...You do a great job on these market updates Tni, you make sure to be found whenever people are searching homes in your area.

Jan 13, 2011 03:30 AM #6
Rainmaker
682,499
Sidney Kutchuk - Realty Works Temecula Kutchuk - Realty Works Temecula
Realty Works Temecula - Temecula, CA
Realty Works Temecula

TNI:  One of my most happy childhood memories was digging for clams in Pismo Beach with my uncle Remi!  Great post for Pismo Beach residents to have this comparison of 2009 and 2010 home sales data!

Jan 13, 2011 07:59 AM #7
Rainmaker
412,397
Tni LeBlanc, Realtor®, J.D.
Mint Properties, Lic. #01871795 - Santa Maria, CA
Tenacious Tni (805) 878-9879

Hi Jackie - Not a lot in Pismo Beach but there are many in the surrounding areas.  I think there may be more in the year to come too.  Also, these are just the ones that closed, they don''t include the ones where they failed to come to terms with the lender. Short sales are here to stay in our market I'm afraid.   Tni

Stacey- Looney Tunes?  I missed that one.  You have to tell me the episode!

Thanks Jane- Looking at two years worth of data really helps to identify trends!   I don't think I've ever dug for clams at Pismo but I have eaten some great clam chowder! 

Jan 13, 2011 05:40 PM #8
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Rainmaker
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Tni LeBlanc, Realtor®, J.D.

Tenacious Tni (805) 878-9879
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