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Real Estate & Market Conditions in San Luis Obispo County.

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Review of 2008/2007 Home Sales & Prices in Cayucos, CA

JANUARY-DECEMBER 2008 VERSUS JANUARY-DECEMBER 2007

CAYUCOS     
      
 SALESAVG.DOMHIGHLOWMEDIAN
200735158$3,400,000.00$500,000.00$840,000.00
200843137$3,800,000.00$415,000.00$799,750.00
2008/20078-21$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.

Posted: Monday, April 13, 2009 11:10 PM by Sherry Peckhoon Sim

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