Review of Past 5-Year Home Prices & Trends - Cambria, CA - Single-Family Residences (Excluding Condos)
REVIEW OF THE PAST 5-YEAR PRICE / SALE TRENDS
CAMBRIA
YEAR | Sales | | Median | | Avg. CDOM | | High | Low | Avg. SP/LP |
| | | | | | | | | |
2003 | 196 | | $526,500 | | 92 | | $3,500,000 | $250,000 | 97% |
2004 | 177 | -10% | $642,000 | 22% | 90 | -2% | $2,195,000 | $308,000 | 97% |
2005 | 181 | 2% | $699,000 | 9% | 102 | 13% | $3,150,000 | $399,000 | 97% |
2006 | 132 | -27% | $708,500 | 1% | 112 | 10% | $5,000,000 | $370,000 | 96% |
2007 | 105 | -20% | $700,000 | -1% | 155 | 38% | $4,250,000 | $375,000 | 95% |
Along the North Coast in San Luis Obispo County, Cambria probably saw the least decline in the median home prices of single-family residences. Homeowners of these properties could be said to have been mildly affected by the 1% drop in the median home prices last year, when compared to the same period a year ago. Like the neighboring towns, real estate sales in Cambria were not spared - only 105 single-family residences sold in 2007- a 20% decline when compared to 2006, and the average marketing time needed increased from 90 days in 2004 to 155 days at the end of 2007.
**Avg. CDOM - average cumulative days on the market ** +/- (%) Difference in %
**Avg. SP/LP - average selling price vs. listed price ** Median - refers to median home prices
***Information collated from the Central Coast MLS, deemed correct but not guaranteed.