Review of 2008/2007 Home Sales & Prices in Cayucos, CA
JANUARY-DECEMBER 2008 VERSUS JANUARY-DECEMBER 2007
| CAYUCOS | | | | | |
| | | | | | |
| | SALES | AVG.DOM | HIGH | LOW | MEDIAN |
| 2007 | 35 | 158 | $3,400,000.00 | $500,000.00 | $840,000.00 |
| 2008 | 43 | 137 | $3,800,000.00 | $415,000.00 | $799,750.00 |
| 2008/2007 | 8 | -21 | $400,000.00 | ($85,000.00) | ($40,250.00) |
| % DIFF. | 23% | -13% | | | -5% |
Data from the Central Coast MLS shows that sales of stick-built single-family homes in Cayucos improved by 23% or 8 more sales, in 2008, when compared with 2007.
It also appears that the average time taken to market properties improved by 13% from 158 days to 137 days.
Conversely, the median sale price dropped by 5% from $840,000 in 2007 to $799,750 in 2008.
The above data shows that home sale prices in Cayucos are still holding relatively strong when compared to other cities/towns in San Luis Obispo county.
Due to limited sales data, home sales of condos and mobile homes are not considered in this review.
Notes:
1. AVG. DOM = Average Days on Market
2. Data compiled from Central Coast MLS, deemed correct but not guaranteed.
3. Only stick-built single-family residences included.
4. Condos, PUDs, and mobile homes are not included in this study.