What's going on in the SLO market? It's still very robust, so today, I'm breaking down what that means in different counties.
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Welcome back to the Central Coast Updates! The latest snapshots for San Luis Obispo County just came in, so I wanted to give you a look at what's happening in the marketplace.
Our market is still very robust throughout most of the county.
Starting in North County, let's take a look at Paso Robles, Atascadero, and Templeton, where it looks like inventory is shrinking. Days on market is going up, values came off of last month's high, and the year over year value appreciation was relatively flat. This means if you have real estate plans, you definitely need to get connected with a good Realtor.
Moving to Scenic Coast, which is Cambria, Cayucos, Morro Bay and Los Osos, inventory is also shrinking, days on market are going up, values came off of last month's high, and year over year, appreciation was somewhat flat. Down in San Luis Obispo and Avila, the month before that, median price took a big jump over last month, which is typical for this time of year. Interestingly, there was just a 1% increase in median price year over year. This is the third straight month where days on market has gone up and inventory has gone down.
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Our market is still very robust throughout most of the county.
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Down in South County, the Five-Cities area, median price saw a big jump in the last month and days on market jumped up slightly, making it the second straight month where prices have been somewhat flat. How does this affect you? For a more in-depth conversation, just give me a call or send me a text. I'd be happy to help you out and examine your own situation further. I look forward to hearing from you!
