December Central Coastal Home Sales Ended 2016 Quietly

Prices Soared to New Regional Record

Arroyo Grande, CA – January 23, 2017— December Inicio prices ended the year by setting a Central Coastal regional record even though sales quieted down after rising 25 to 30 percent Central Coastal and Ventura Regiones in February.  In the Central Coastal counties the year closed with median prices 9.8 percent higher than they were in December 2915 and 3.3 percent higher in the Ventura region.

A new record median price of $460,000 was an unexpected Christmas present for homeowners, but failed to motivate vendedores to list during the holidays.  The lower than average inventories that resulted kept prices high as soaring interest rates, which increased 60 basis points following the election, put a damper on sales volumes.  Homes sold nearly ten percent faster in the Central Coast and 4 percent faster in the Ventura region than then did a year ago.

“Despite rising rates, prices reached record levels as the year ended, consolidating gains from the strong spring and summer markets. With inventories acerca de 4 percent lower than they were at the end of 2015 and houses selling in less than 90 days, 2017 may be one of the best years in recent history for vendedores. Vendedores who are ready to list when the spring season opens will benefit from last year’s 10 percent appreciation,” said Amy Gallagher, corporate broker of record for CENTURY 21 Hometown Realty.

In December, CENTURY 21 Hometown Realty closed on 81 homes totaling $34,706,492 Million bringing its total year-to-date sales to 1359 homes worth $570,383,126 Million.

Condado de San Luis Obispo

The median price in San Luis Obispo County rose to the third highest of the year—and the past five years, $519,450.  December ended with sales down 3.9 percent from a year ago (322 sales) and total sold volume is falling to $189,092,556.  Homes settled in 90 days, 2.2 percent faster than November.  Active listings were down 14 percent from a year ago.

After setting a five-year record in November, prices in the city of San Luis Obispo fell 12.7 percent to a median of $583,628.  Sales rose 14.3 percent over 2015, reaching a total sold volume of $38,836,317.  Homes settled in a median of 98 days, 17 percent faster than in November.  Only 66 homes remained in the for-sale inventory at the end of the month, down from a five-year average of 91,

In Atascadero, December sales rose 14.3 percent higher than last year, reaching a total sold volume of $38,836,317. The median price in the market rose to $583,628, up 5.2 percent for 2015 but 12,7 percent lower than November.  Homes took 96 days to settle, 11.8 percent longer than last year.

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.

Condado de Santa Bárbara

Santa Barbara County saw sales fall for the fifth straight month in December.  Sales fell 8.1 percent from last year, to 160 units worth $67,454,632.  Prices rose to $361,900, approaching the county’s five-year record of $368,000 set in May. Homes sold 24.5 percent faster in Santa Barbara County than they did a year ago, a median of 71 days.  Active listings fell to 413, 16 percent lower than at the end of 2015.

In Santa Barbara City, only four homes were sold in December, for a median price of $1,092,500.  Homes sold in 68 days and the year ended with only 13 homes listed.

In Santa Maria, sales fell for the second straight month, falling 7.1 percent.  Total sold dollar volume dropped to $32,742,502.   Prices rose 5 percent over 2015 to a median of $360,000.  Inventories fell 25.8 percent from 2015. Homes sold faster in December than they did a year ago, settling in a median of 76 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.

December Inicio Sales, Ventura County (blue), San Luis Obispo County (red) and Santa Barbara County (purple)

Condado de Ventura

December sales in Ventura County rose for the fifth straight year, outpacing November sales by 11.6 percent, for a total sold dollar volume of $422,290,686.  Prices in the county hit a five-year high, reaching a median of $520,000.  Homes settled in only 73 days, 5.2 percent than a year ago.  Inventories of hoes for sale ended the month at oaky 1799 homes, down 11.1 percent from the five-year average.

In Ventura city, sales soared 15 percent over last December, for a total sold dollar volume of $52,309,850.  Prices fell 7.1 percent from November, to a median of $490,000.  Homes settled in 70 days, down 9.1 percent from a year ago.

In Thousand Oaks, sales fell 21.1 percent from a year ago.  Median sold price rose 9.4 percent to $650,000,

Los datos del mercado local y los listados de las comunidades del condado de Ventura están disponibles en:  Agoura Hills, Camarillo, Lago Sherwood, Moorpark, Newbury Park, Nipomo, Vista al Roble, Ojai, Port HuenemeSanta María, Santa Paula, Simi Valley, Mil Robles y Westlake Village.

 CENTURY 21 Hometown Realty accedió a los datos del Servicio Regional de Listas Múltiples de la Costa Central y de la Ventura County Regional Data Share para preparar su análisis de mercado de febrero.

December  Inicio Prices, Ventura County (blue), San Luis Obispo County (red) and Santa Barbara County (purple)

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 vendedores y compradores 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.

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