Central Coast Real Estate

The San Luis Obispo County’s Real Estate update includes data for all cities and surrounding areas of the Central Coast for the first three months or first quarter that make up the year of 2017 (January-March).

  • 667 Total Number of Sales (2017) vs. 686 (2016)
  • $663,100 Median Home Price (2017) vs. $603,108 (2016)
  • 97% Sales Price vs. List Price (2017) vs. 98.55% (2016)
  • $462.00 Price per Square Foot (2017) vs. $365.51 (2016)
  • 103 Cumulative Days on Market (2017) vs. 99 (2016)

The results of the first quarter’s statistics are mixed with all but the pricing factors worsening from the first quarter of 2016 top the first quarter of 2017.The market appears to have slowed down when comparing the two years, but not by much. 2016’s first quarter data is similar to 2017’s. Total number of sales declined by only nine total sales, the sales to listing price dropped by 1.55%, and lastly the cumulative days a home spends on the market increased by a minor four days. These declines, though small, do suggest the home market isn’t as hot as it was in 2016. According to the statistics, less people are buying homes and for less the percentage of the asking price in 2016. Homebuyers are also buying homes at a slower pace. This slowdown could be due to the fact t6hat pricing did go up from 2016 to 2017. Both median home price and price per square foot increased. The median home price increased by about $60,000, while price per square foot increased by about $100.

 

All data is compiled from the Scenic Coast Multiple Listing Service and published by Keith Byrd at SloCountyHomes.com.

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Click to read the full 1st Quarter San Luis Obispo County real estate overview.

 

 

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