Sales fell in San Luis Obispo County and Rose in Santa Barbara County
Arroyo Grande, CA – September 20, 2015— Inicio 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 Inicio sales and prices ended the summer significantly higher than they were a year ago. Closed sales in the two-county Central Coast Region ended the summer 7.2 percent above last year and total dollar sold volume, at more than $290,495, 887urpassed 2015 by 18.4 percent. The region’s median price reached $448,000 in August, 2.5 percent off July’s record price level, but was 10.6 percent higher than in August 2015. Homes took slightly longer to sell in the region, settling in a median of 80 days in August compared to 78 days in June.
“Inicio sales and prices in the Central Coast are consolidating the gains achieved earlier in the year. As the market settles down, vendedores can list with increased confidence that they will be able to realize significant gains above a year ago. Stable inventories are moderating price increases and creating better market conditions for compradores,” said Amy Gallagher, corporate broker of record for CENTURY 21 Hometown Realty.
August Inicio Sales, San Luis Obispo (blue) and Santa Barbara (red) Counties
Condado de San Luis Obispo
August Inicio sales in San Luis Obispo County fell 6.7 percent from July and ended the month only 1.4 percent above sales a year ago. The county’s median sold price also fell 5.9 percent during the month, ending at $496,500, which is 5.1 percent above the median price in August 2015. Homes are selling in a median of 78 days, the same time on market as July.
Sales fell 22.5 percent in the city of San Luis Obispo during the August, ending the month even with levels of a year ago. The median sold price fell to $535,000, a drop of 7.8 percent from July but 2.9 percent above the median for August 2015.
Los datos del mercado local y los listados de las comunidades del condado de San Luis Obispo están disponibles en Arroyo Grande, Atascadero, Playa de Ávila, Cambria, Cayucos, Creston, Grover Beach, Los Osos, Bahía de Morro, Oceano, Paso de Robles, Playa de Pismo, San Luis Obispo, Santa Margarita, San Miguel, San Simeón, Santa Ynez, Shandony Templeton.
August Inicio Prices, San Luis Obispo (blue) and Santa Barbara (red) Counties
Condado de Santa Bárbara
In August, sales in Santa Barbara County rose 7.4 percent from July and ended August 19.4 percent higher than they a year ago. The median sold price reached $367,000, just $1,000 below the five-year record set in May. Prices were 2.8 percent higher than July and 20 percent higher than August 2015. Homes sold 15.3 percent slower in August, taking a median of 83 days to settle. Strong demand depleted listings as homes for sale fell 13.2 percent from last year.
Santa Maria saw sales rise 9.5 percent in August and 56 percent above a year ago, for the best sales month since August 2012. Median sold price reached $349,000, slightly less than last month but 13.9 percent over 2015. Homes sold in 80 days.
Los datos del mercado local y los listados de las comunidades del condado de Santa Bárbara están disponibles en Ballard, Guadalupe, Lompoc, Los Álamos, Los Olivosy Solvang.
Nosotros Century 21 Hometown Realty
CENTURY 21 Hometown Realty es la empresa inmobiliaria líder en la costa central. Desde 1947, ha apoyado las necesidades de Inicio compradores y Inicio vendedores throughout California’s Central Coast region with 19 branch locations in San Luis Obispo, Santa Barbara, and Ventura Counties. Our oficinas cubren la costa de California desde Paso Robles, al norte, hasta Camarillo, al sur.
Ofrecemos servicios especializados incluyendo Bienes Raíces de Lujo, Bienes Raíces Agrícolas y Ranchos, Viñedos, Bienes Raíces Frente al Mar, Bienes Raíces Comerciales y Bienes Raíces Residenciales. Nuestro agentes have a keen focus on these areas and multilingual and generational expertise. Visit our website at C21Home.com para ver nuestros listados de California y la ubicación de nuestras oficinas.