| REVIEW OF HOME SALES & MEDIAN HOME PRICES | |||||
| ON STICK-BUILT SINGLE-FAMILY HOMES IN NORTH COUNTY | |||||
| (UNDER $1M) | |||||
| JANUARY-JUNE 2008 VS. JANUARY-JUNE 2007 | |||||
| ATASCADERO | |||||
| SALES | AVG.DOM | HIGH | LOW | MEDIAN | |
| 2007 | 131 | 123 | $975,000.00 | $275,000.00 | $525,990.00 |
| 2008 | 99 | 124 | $915,000.00 | $159,900.00 | $396,000.00 |
| 2008/2007 | -32 | 1 | ($129,990.00) | ||
| % DIFFERENCE | -24% | 1% | -25% | ||
The city of Atascadero might have experienced the highest price decrease when compared to the rest of the cities/towns in North San Luis Obispo County, and probably all of San Luis Obispo County for the first half of 2008. When compared to the first six months in 2007, Atascadero saw a huge drop of 25% in median home prices on stick-built single-family home sales under $1,000,000.
For the same period, only 99 stick-built single-family residences sold, a 24% drop or 32 fewer homes sold when compared to the first half of 2007. The average number of days needed to sell these properties increased by a day to 124 days.
While these declines are discouraging, Atascadero is not alone. Other areas in North and South San Luis Obispo County also saw double-digit declines in the median home prices.
For the purposes of this review, please note :-
| Notes: | ||||||
| 1. AVG. DOM = Average Days on Market | ||||||
| 2. Data is compiled from Central Coast MLS, as of 08/21/08 and is deemed correct but not guaranteed. | ||||||
| 3. Only stick-built single-family residences under $1M included. Similar homes costing more than $1M are excluded. | ||||||
| 4. Condos, PUDs, and mobile homes are not included in this study. | ||||||
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