Tuesday, July 22, 2008

What's Going On with the Central Coast Real Estate Market?








Along with the graphs that show the sales trends over the last few years, here is a brief synopsis of what's happening here on the Central Coast and in San Luis Obispo:

For Cayucos

There are currently 61 listings including single family, condos and PUD's. Least expensive is a 648 sq. ft. house for $359,000 and the most expensive is a 697 acre ranch for $6.6 million. The median price is $875,000. There are currently 4 homes in escrow and 22 have sold over the past 6 months with a median selling price of $860,000. The average days on the market is 104.


For Morro Bay


There are currently 131 listings starting at $299,000 for a small condo and going up to $3.7 million for a home on 116 acres. The median price is $649,000. 12 homes are in escrow at this time and 60 have sold in the past 6 months with a median selling price of $522,500. The average days on the market is 119.


For Los Osos


There are currently 73 homes on the market starting at $185,000 for a small condo and going up to $2.7 million for a view home over 5500 sq. ft. Median price is $579,000. 16 homes are in escrow and 55 have sold in the past 6 months with a median selling price of $470,000. The average days on the market is 121.


For San Luis Obispo


There are 230 active listings starting at $282,400 for a small condo and going up to $12 million for a ranch house and 7 rentals on 530 acres of land. Median list price is $624,500. 37 homes are in escrow and 172 have sold in the past 6 months with a median selling price of $571,950. The average days on the market is 86.

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