Arroyo Grande Real Estate 2010 Market Update

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

Arroyo Grande 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 Avila Beach last year, what the average sale price was, and how it compared to 2009. 

Here you go:

2010                                                   

2009

242 Arroyo Grande Homes

218 Arroyo Grande Homes

Average Sales Price $569,750

Average Sales Price $552,097

96 Days on Market

100 Days on Market

$246 per square foot

$266 per square foot

52 Arroyo Grande REOs   

46 Arroyo Grande REOs

31 Arroyo Grande Short Sales     

24 Arroyo Grande Short Sales

  

  

43 Arroyo Grande Condos, PUDS

28 Arroyo Grande Condos, PUDs

Average Sales Price $235,226

Sales Price $312,259

89 Days on Market

68 Days on Market

$193 per square foot

$259 per square foot

10 Arroyo Grande REOs

7 Arroyo Grande REOs

15 Arroyo Grande Short Sales     

2 Arroyo Grande Short Sales

*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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Other Market Reports:

2010 Avila Beach Real Estate Market Update
2010 Nipomo Real Estate Market Update
2010 Buellton Real Estate Market Update
2010 Pismo Beach Real Estate Market Update
2010 Grover Beach Real Estate Market Update
2010 Lompoc Real Estate Market Update
2010 Santa Maria Real Estate Market 2010 Update
2010 Orcutt Real Estate Market 2010 Update

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 Arroyo Grande
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Rainmaker
627,597
Maria Morton
Chartwell Kansas City Realty - Kansas City, MO
Kansas City Real Estate 816-560-3758

Tni, our condo market hasn't come back either. Looks like SFH are doing a little better though.

Jan 15, 2011 05:34 AM #1
Rainmaker
413,302
Tni LeBlanc, Realtor®, J.D.
Mint Properties, Lic. #01871795 - Santa Maria, CA
Tenacious Tni (805) 878-9879

Hi Maria - I think the Arroyo Grande market is finally making some necessary adjustments.  Like so many higher cost areas the prices held out a little longer but the adjustments are happening. Tni

Jan 15, 2011 06:25 AM #2
Rainer
321,452
Jack Mossman - The Nines Team at Keller Williams in Lodi
The Nines Team at Keller Williams in Lodi - Lodi, CA
The Nines Team in Lodi

hey Tni ... at least the market is in the "region" of stable.  Have you done a check on how many foreclosed properties are still unlisted.  I suspect this will be a valuable barometer for the first quarter!

Jan 15, 2011 08:25 AM #3
Rainmaker
413,302
Tni LeBlanc, Realtor®, J.D.
Mint Properties, Lic. #01871795 - Santa Maria, CA
Tenacious Tni (805) 878-9879

Hey Jack,

Yes, I've been an agent with Realty Trac for years now and I'm always looking at all the "unlisted" and "unforeclosed" inventory.  Hasn't seemed to affect our markets that much yet.  For a long time, we've been waiting for a tidal wave of inventory - but it's been years now and it still hasn't happened.  2008 & 2009 we didn't have enough foreclosed inventory in many markets -- this year has loosened up a bit.  So, it will be interesting to see if there is an effort to tighten it up again.  The banks control when they release inventory and in my opinion they've been pacing themselves for the last 3 years; I would be surprised if they changed course on that now.  After all, they have all that sweet government money (our money) to keep them going through the tough times.  LOL. 

Tni

Jan 15, 2011 08:34 AM #4
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Rainmaker
413,302

Tni LeBlanc, Realtor®, J.D.

Tenacious Tni (805) 878-9879
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