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At the National Association of REALTORS' Mid-Year meetings, chief economist, Lawrence Yun shared his views on the current trends & economic outlook for the real estate industry. Here's a snapshot of his presentation.
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NOTES: The above median sales prices reflect closed sales of mobile/manufactured homes, condos and stick-built single family properties in the above cities/towns for 2012. Data is obtained from the Central Coast Regional Multiple Listing Service and deemed
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Cayucos, San Luis Obispo County - The 2 story split at 2611 Ocean Blvd has been sold. Property information
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Review of Home Sales & Median Sales Prices in Morro Bay : 2009 to 2011 2009 2010 2011 Sales 108 112 158 Median Sales Prices $509,750 $451,000 $400,000 Avg. Days on Market 151 128 144 A review of the past three years' median sales prices in Morro
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Review of Home Sales & Median Sales Prices in Cayucos : 2009 to 2011 2009 2010 2011 No. of Sales 31 39 46 Median Sale Prices $650,000 $580,000 $622,500 Avg. Days on Market 215 228 230 Is the real estate market in Cayucos improving? After an almost
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Review of Home Sales & Median Sales Prices in San Luis Obispo, CA - 2009 to 2011 2009 2010 2011 Sales 209 250 275 Median Sale Prices $575,000 $550,000 $520,000 Avg. Days on Market 89 96 103 The above chart shows that median sales prices of stick-built
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Templeton appeared to have suffered the least decline in sale prices of single-family homes. Compared to Atascadero, Paso Robles, Templeton's median sale price decline added to 30%, between 2006 to 2008, and recovered in 2009 with a 8% increase. Like
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Paso Robles is another city in North San Luis Obispo County that seems to be enjoying an increase in sales of single-family homes. Since 2008, the number of home sold has risen by 8% to 550 sales and by another 6% to 585 homes in 2009. It is also encouraging
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The review of home sales and sale prices in Atascadero from 2005 to 2009 showed that the median sale price declined each year since 2007; dropping from a high of $504,783 in 2006 to $331,000 in 2009. This reflected a cummulative decrease of 40% in a 3-year
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While Pismo Beach also suffered price decreases in median sale prices from $765,000 in 2005 to $620,000 in 2009, these decreases are moderate. Compared to many cities in San Luis Obispo County that saw double-digit declines, Pismo Beach was subject to
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Avila Beach is considered, perhaps the most sought-after beach town in San Luis Obispo County, due to its location and very limited supply of homes. Traditionally, Avila Beach has held the highest median sale price in the county. A review of the home
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Like the rest of San Luis Obispo County, home sale prices in Cambria has been declining steadily since 2006. The median sale price dropped from $705,000 in 2006 to a low level of $515,000 last year. Sellers were impacted as the sales prices also decreased
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Since 2005, the median sale price on sales of single-family residences in Los Osos, CA has been decreasing; starting at $482,325 five years ago, and ending at $354,305 in 2009. This reflects a cumulative drop of 30% over the five-year period. The lower
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The table above tracks sales of single family residences in Morro Bay and the median price trend by month. Except for the month of June, the median sale price shows prices are downtrending. Conversely, the number of homes sold ended at a high of 18 in
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With the exception of home sales, a review of the home sales from 2005 to 2009 in Morro Bay reveals a slow down in median sale prices and decline in yield to sellers. The issues are compounded by the length of time needed to sell a home in Morro Bay today.
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