May Home Sales and Prices Break Records Across Central Coastal and Ventura Regions Demand Remains Strong for Third Straight Month

Demand Remains Strong for Third Straight Month

Arroyo Grande, CA – June 17, 2015—Mayo Inicio prices rose to five-year peaks in the Central Coastal counties of San Luis Obispo and Santa Barbara while Inicio 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 prices simultaneously in the Central Coastal region. Inicio sales rose at an annualized six percent over 2015 and 3.3 percent over April. Rising prices pushed the region’s median sales price to $428,000, up 12.5 percent over prices a year ago and less than one percent over April levels.   Strong demand shortened the time homes spent on the market.

Farther south, May sales and prices both set new records in the three-county Ventura region.  Sales rose 14.6 percent over 2015 and 6.8 percent above April levels.  Prices for the region reached a median of $476,000, a new five-year high, up 14.7 percent from 2015 levels and 1.5 percent higher than the April median.  Homes are selling much faster, settling in on 63 days.

“Low-interest rates and ample inventories are motivating compradores across Central Coastal and Ventura markets this season.  Inicio prices are setting new records, and new listings are coming on the market priced higher than the previous month. Homes are selling even faster in May than they were in April, creating great opportunities for vendedores.  Demand has not faltered, and sales continue to be well above last year’s levels.  With these market dynamics in place, Inicio sales and prices could break even more records in June,” said Amy Gallagher, corporate broker of record for CENTURY 21 Hometown Realty.

 Total Monthly Inicio Ventas  

Condados de San Luis Obispo y Santa Bárbara

June 2015 through May 2016

SLO County Prices Reach New High

Prices in San Luis Obispo County reached a new median of $499,500, up 10.4 percent from 2015 and .5 percent above April price levels.  Annualized sales in the county rose 6.1 percent year over year but were down 3.9 percent from April. Houses are taking an average of 95 days to settle in the county, 12 percent faster than in April.

In San Luis Obispo city, closed sales in May soared by 83.8 percent over sales a year ago and 23.6 percent above last month.  The median sold price reached $816,000, up 5 percent from 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.

 Santa Barbara County Sales Rebound from April

Sales rose 5.5 percent above 2015 levels and 17.7 percent last month’s level in Santa Barbara County.  Median prices rose 10.4 percent on the year and finished the month .5 percent higher than April.  Homes in the county sold an average of acerca de 10 percent faster in May than April.

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.

 Median Inicio Precios

Ventura Region

June 2011 through May 2016

Ventura Regional Sales Break Records

In the Ventura region, Inicio sales are reaching new heights.  Some 19,050 homes were sold in May for more than $12.7 billion, a new five-year record.  Homes are spending a median period of only 21 days on the market before they are under contract, selling faster than any month since the housing boom.

Though the regional sales were strong in May, sales in Ventura County proper were soft.  Sales fell 16.4 percent from 2015 and 8 percent from April levels.  Prices rose modestly, up 5.1 percent over 2015 and 1.1 percent above April.  The median sa.e price for the county reached $536,000 in May.

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.

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.