Just before we reach the holiday season, I thought you may want to know what's been happening with the market in Cayucos, Morro Bay and Los Osos recently and over the past six months.
For Cayucos, there are currently 49 residential single family homes and condos for sale, 4 pending sale, and 26 have sold in the past 6 months. The average time it is taking for a home to sell in Cayucos is 139 days, or approximately 4.6 months. The average sale price to list price is 94%, so if a seller listed their home for $800,000 it most likely sold for about $752,000. The median sales price during the same time frame is $842,500.
For Morro Bay, there are currently 108 homes on the market, 9 pending sale or in escrow, and 55 have sold over the last 6 months. The average time on the market has been 121 days, or about 4 months. And the average list price to sale price is 95.8%. The median sales price is $570,000.
For Los Osos, there are currently 102 homes on the market, 11 pending sale, and 77 sold in the last 6 months. Average days on the market has been 119 days and average list price to sales price is 95.6%. The median sales price is $469,000.
Well, I hope that will give you some idea as to what's been going on recently with the numbers, and where people are buying right now. For sellers, it's helpful to see the time it's taking to sell a home and the actual sales amount compared to list price, which is similar in all three communities. The main differences are the amount of inventory and the median prices. It will also be interesting to see what happens with the market over the winter and in the next year or so.
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment