2011 Real Estate Market Update -- Pismo Beach Home Sales

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

Pismo Beach CA

2010

2011

Homes Sold

109

157

Average List Price

$962,797

$892,474

Average Sales Price

$613,560

$630,828

Days on Market

144

159

$ per Square Foot

$361

$354

Foreclosures

15

17

Short Sales

10

24

Looking at the sales figures for 2011, sales activity in Pismo Beach increased 44% overall and the average sales price ticked up 2.8%.  So, it seems that some Pismo Beach home sellers who were waiting to sell decided 2011 was the time to test the market.  Distress sales also impacted these figures with short sales more than doubling and foreclosure numbers increasing just slightly.  Days on market increased a significant 44% overall; however, the average sales price ticked up a slight 2.8%

If you are considering selling your Pismo Beach CA home and you would like a comparative market analysis, feel free to contact my office at (805) 938-9950 and set up an appointment.  I specialize in short sales and distress sales.  If you are interested in buying a home in Pismo Beach CA, I will be happy to assist you and provide a list of available homes in Pismo Beach CA and the surrounding area.

Tni LeBlanc is an independent Real Estate Broker, Attorney, Short Sale Agent, Certified HAFA Specialist (CHS), and Certified Distressed Property Expert (CDPE) and Short Sale and Foreclosure Resource Agent (SFR) serving Santa Maria, Orcutt, Lompoc, Nipomo, and Arroyo Grande on the Central Coast of California.

* Stick built SFRs & PUDs. Zip codes 93449.  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.  School district boundaries are subject to change and must be verified with the appropriate authority.  Nothing in this article is intended to solicit listings currently under contract with another broker.  This article offers no legal or tax advice and is for information purposes only.  Those considering a short sale are advised to consult with their own attorney for legal advice, and their tax professional for tax advice prior to entering into a short sale listing agreement.

Copyright © 2012 Tni LeBlanc *2011 Real Estate Market Update — Pismo Beach Home Sales*

Posted by

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

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

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Rainmaker
565,466
Jordon Wheeler
The Jordon Wheeler Group - Fairburn, GA
J W Group Real Estate Sales and Service

Hi Tni, beautiful picture to enhance your market report.  Best of success to you this year!

Feb 22, 2012 02:00 PM #1
Rainer
1,756,848
Conrad Allen
Re/Max Professional Associates - Webster, MA
Webster, Ma, Realtor

Hi Tni.  What a great photo!  It looks like Pismo has turned the corner and is coming back.

Feb 22, 2012 07:53 PM #2
Rainmaker
1,792,371
Ginny Gorman
RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI
Homes for Sale in North Kingstown RI and beyond

Tni, i can feel the warm winds blowing my way...love the picture of Pismo and some stabilization seems to be happening even though, like most other places, prices have dropped...good luck

Feb 22, 2012 08:00 PM #3
Ambassador
2,677,357
Katerina Gasset
Get It Done For Me Virtual Services - Wellington, FL
Get It Done For Me Virtual Services

Hi, Tni. I love this photo that comes along with your report. Looks like things are working well for you as santa maria short sale agents. That's good to know. Thanks for sharing. Wishing youmore sales to come all throughout the year. 

Feb 23, 2012 10:27 AM #4
Rainmaker
709,157
Petra Norris
Lakeland Real Estate Group, Inc. - Lakeland, FL
Realtor, Lakeland FL Homes for Sale

This is one beautiful photo, Tni. Great market update too. I see why you chose that photo to go along with your report. It's nice to know that you're doing well. You are indeed santa maria short sale agents. KUDOS! Keep it up. 

Feb 23, 2012 12:19 PM #5
Rainmaker
1,560,731
Carla Muss-Jacobs, RETIRED
RETIRED / State License is Inactive - Portland, OR

Pat Kennedy's post of her favorites this week sent me over.  I can see why she liked you post.  A great, easy to read market report on Pismo Beach!  Grear job.

Mar 04, 2012 08:21 AM #6
Ambassador
1,973,736
Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES
Tropic Shores Realty - Ich spreche Deutsch! - Spring Hill, FL
Florida Waterfront and Country Club Living

Hi Tni, thanks for sharing your market report, it's easy to understand.  Great choice for the photo! 

Mar 04, 2012 10:26 AM #7
Ambassador
3,676,945
Patricia Kennedy
RLAH Real Estate - Washington, DC
Home in the Capital

Hey, Tni!

I included this post in Last Week's Favorites.  Have a great week.

Mar 04, 2012 11:50 AM #8
Ambassador
1,541,335
William Johnson
Retired - La Jolla, CA
Retired Real Estate Professional

Hi Tni, I came over from Pat's list of the best for the week.Well Done. I agree with Pat when she says this is an excellent format for market reports. I especially like the narrative.

Mar 04, 2012 12:29 PM #9
Rainmaker
886,050
J. Philip Faranda
J. Philip Faranda (J. Philip R.E. LLC) Westchester County NY - Briarcliff Manor, NY
Broker-Owner

That's what I'm talking about!!!

xoxo

Mar 05, 2012 05:54 AM #10
Rainmaker
375,566
Lloyd Binen
Certified Realty Services - Saratoga, CA
Silicon Valley Realtor since 1976; 408-373-4411

Pat's Favs sent me here.  Great picture. Yes, it's a beautiful area that I visit often.  My sister has a house on the cliff with unobstructed ocean views in Shell Beach.  Near the dinosaur park.  

Mar 08, 2012 05:19 AM #11
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Rainmaker
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Tni LeBlanc, Realtor®, J.D.

Tenacious Tni (805) 878-9879
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