Home Sales & Median Sales Prices in San Luis Obispo, CA

By
Real Estate Agent with Sims & Company 01385503

 

 

Review of Homes Sales & Median Sales Prices in San Luis Obispo, CA - 2009 to 2011

 

 

2009

2010

2011

Sales

209

250

275

Median Sale Prices

$575,000

$550,000

$520,000

Avg. Days on Market

89

96

103

 

The above chart shows that median sales prices of stick-built single family properties in San Luis Obispo are still declining. The median sale price dropped by about 4.3% in 2010 when compared to a year earlier, and again by almost 5.5% in 2011 when compared to 2010.

Conversely, the lower sales prices show a marked improvement in the number of homes sold.  In 2010, sales of stick-built single family residences in San Luis Obispo jumped by about 19.6% from 2009, but increased by about 10% in 2011.

As expected, the average no. of days needed to sell a home went from 89 days in 2009, to 96 days in 2010, and increased again to 103 days in 2011.  

Sales prices of stick-built single-family homes in San Luis Obispo are expected to decline further, albeit in lower single-digit percentages and may remain sluggish through next year.

 

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Notes:  Condos and mobile homes are not included in the above statistics.

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Info provided as a courtesy by Sherry Sim, Broker/Owner of Sims & Company, offering real estate services in Cayucos, Cambria, Los Osos, Morro Bay, San Luis Obispo & rest of beautiful Central Coast, San Luis Obispo County.

For real estate information, including list of foreclosures and short sales,

please call/text Sherry @ (805) 234-4315 or Email: Sherry@SherrySim.com.

Data culled from local Multiple Listing System (M.L.S.), and deemed reliable at time of posting but not guaranteed. 

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