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AI Morro Bay 2020-23 Closed Sales

AI Morro Bay 2020-23

Since 2020, the Morro Bay real estate market has seen declining closed median sales prices.  The highest price appreciation was in 2021 with an approximately 19% increase over 2 020 closed median sales prices.

Morro Bay : Closed Median Sales & Sales Price Trends
YearMedian Sale PriceDifference% DifferenceSalesDifference% Difference
2020$705,000.00145
2021$839,000.00$134,000.0019.0%1712626
2022$979,500.00$140,500.0016.7%106-65-91
2023$1,000,000.00$20,500.002.1%74-3233

AI Morro Bay 2020-23

It’s likely that we will close out the year with a low single-digit price increase. Notwithstanding inventory remains low, so prices may stagnate.

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