Sales fell in San Luis Obispo County and Rose in Santa Barbara County Arroyo Grande, CA – September 20, 2015— Home sales and prices in California’s Central Coast Region settled down in August following record growth earlier in the season. Sales and prices were stronger in Santa Barbara County than in San Luis Obispo County, where sales in July set a five-year record. Both home sales and prices ended...
Arroyo Grande, CA – August 15, 2016— Home sales and prices slowed in California’s Central Coastal Region in July as markets recovered from four straight months of record growth. However, sales and prices in the Ventura region continued to rise, reaching peak levels and exceeding year-over-year levels by double-digit margins for the second month in a row. Closed sales in the two-county Central Coastal Region fell 7.4 percent from June...
Sales Rise Over Four Straight Months Arroyo Grande, CA – July 14, 2015— June home sales and prices reached record levels in California’s Ventura and Central Coastal Regions as demand continued to respond to low interest rates and fresh inventories of homes for sale. Through the first half of 2016, sales in both regions exceed 2015 levels by double-digit margins. Homes throughout both regions continue to sell at near-record rates...
Demand Remains Strong for Third Straight Month Arroyo Grande, CA – June 17, 2015—May home prices rose to five-year peaks in the Central Coastal counties of San Luis Obispo and Santa Barbara while home sales soared nearly 15 percent and set a new record for the Ventura region, according to the latest market analysis from CENTURY 21 Hometown Realty. For the third straight month, strong demand drove up sales and...
Strong Demand Sets Records for Prices and Days on Market in San Luis Obispo County and Four-county Ventura Region Arroyo Grande, CA – May 26, 2015—April home sales in Calfornia’s Central Coast and Ventura regions rose briskly for the second consecutive month, reaching new heights for the year. Strong demand set five-year price records in San Luis Obispo County and the Ventura Region, and homes sold faster than they have...
Central Coast Regional Home Sales Rose in March New Inventories Promise Greater Choice to Home Buyers Arroyo Grande, CA – April 15, 2015—The spring home buying season in California’s Central Coast and Ventura Regions kicked off with a surge of home sales and rising prices in March that exceed last year’s levels. A wave of new listings of homes for sale throughout the region promises that sales will remain strong...
Arroyo Grande, CA – March 14, 2015—Home sales in California’s Central Coast and Ventura Regions declined along seasonal patterns in February, typically the region’s slowest month for sales, but brisk pending sales promise a rebound in the coming months. Prices throughout the regions stabilized at about 12 percent above price levels February 2015, according to the latest market analysis from CENTURY 21 Hometown Realty. In the Central Coastal Region, monthly...
Whenever we get out of town, we commonly are faced with a dilemma when people ask where we are from. Most people around America have never heard of San Luis Obispo County. We typically end up telling people that it is halfway between LA and San Francisco. For most, that is a good enough answer. Although SLO County residents know that this is one of the most prized places to...
It is very difficult to be quick to call the beginning or the end of any type of major economic cycle while it is happening. But it is pretty easy to call it when it is over. This 10 year report by CoreLogic shows the depth of the housing crisis in one of our central coast zip codes, 93420. As you can see, the slope of the housing tragedy for...
Sometimes strange economics apply to home pricing. For a variety of reasons, home buyers may find better value in a market at certain price points. In 2014, home values for properties have gone up significantly per square foot when the property iis between 2000 and 2500 square feet. Properties that are in the 2500 to 3000 square foot size have remained pretty steady in pricing over the past year. Homes...
