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Pismo Beach Real Estate 2010 Market Update*

By Tni LeBlanc, Realtor®, J.D.

Real Estate Broker/Owner with Mint Properties, Lic. #01871795 Lic. #01871795

January 12, 2011 04:03 PM

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

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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

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

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

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

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

Stacey Smith

Keller Williams Realty - 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

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

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

Pismo Beach Real Estate 2010 Market Update*

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Tni LeBlanc, Realtor®, J.D.

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