How’s The Market

How does real estate on the Central Coast compare to other coastal areas in California?

by Marsha Willingham February 18, 2015 About

The Bay Area contains the four most expensive coastal counties, making it the most expensive region by an average of $353,000. The Central Coast ranks #3 out of 4 for the highest median home price, putting it comfortably in the middle of the spectrum.
Within each region, home values can differ drastically from city to city. …

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Most Affordable Homes on the Central Coast of California

by Marsha Willingham December 9, 2014 Buyers Information

Santa Maria offers the best deal on the Central Coast, with the lowest median price, and price per square foot.   In San Luis Obispo County, Paso Robles (second lowest median, lowest price per square foot) and Oceano (lowest median, third lowest price per square foot) offer bargains.

Today’s Rates

Mortgage Rates dip as holiday season approaches. Here …

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Central Coast of California Real Estate – Which cities are most expensive?

by Marsha Willingham November 13, 2014 Buyers Information

 

 

 

Who is Hot?
1) Largest year-over-year median price gains, over 50 sales

Pismo Beach: 9.4%
Los Osos: 12.8%
Cambria: 13.2%
Morro Bay: 13.8%
Santa Maria: 15.2%

The pace of price gains have slowed year-over-year, but property prices in coastal cities (plus Santa Maria) continue to rise.

2) Fastest Moving Markets

Santa Maria / Orcutt: 48 average cumulative days on market
Grover Beach: 55 average cumulative days …

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Homes in San Luis Obispo with Price Reductions!

by Marsha Willingham April 25, 2014 About

 

[idx-listings city=”San Luis Obispo” minprice=”250″ maxprice=”5000000″ statuses=”1″ propertytypes=”860″ orderby=”OverallPriceDropPercent” orderdir=”DESC” count=”100″ showlargerphotos=”true”]

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SLO County home sales rise a bit!

by Marsha Willingham March 19, 2014 How Much Is My Home Worth?

San Luis Obispo County home sales once again increased year over year in February, but just slightly.

The total number of homes sold — including new homes, resale single-family homes and condos — was 248, up 2.5 percent from the same month in 2013, according to DataQuick of San Diego.

The overall median home price increased 22 …

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Interesting Homeowner Stats – San Luis Obispo Real Estate

by Marsha Willingham August 6, 2013 Buyers Information

Types of Loans Buyers Chose:

49% conventional loan       33% FHA loan          10% VA loan

Of buyers, 92% chose a fixed-rate mortgage.   Over the last decade, interest rates have averaged between 5% and 6%.

37% of households use more than 30% of their income for housing and 18% use more than …

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Thumbnail image for San Luis Obispo County’s median home price rises to $415,000

San Luis Obispo County’s median home price rises to $415,000

by Marsha Willingham July 26, 2013 How's The Market

 

Both home sales and prices in San Luis Obispo County were up in June across all categories — single family, condo and new homes.

At $415,000 in June, the median sale price was 12.4 percent higher than in June 2012, marking the 14th consecutive month in which it rose year-over-year.

It was still 29.1 percent lower than …

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Median home price still on the rise in San Luis Obispo County

by Marsha Willingham June 20, 2013 Buyers Information

 

May marked the 13th consecutive month in which San Luis Obispo County’s median sales price for a home has risen year over year.

At $421,500 in May, the median sale price was 12.4 percent higher than in May 2012 — but still 23.4 percent lower than the peak May median of $550,500 in 2006, according to …

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FHA mortgage premium to rise on April 1 – San Luis Obispo Real Estate

by Marsha Willingham February 14, 2013 Buyers Information

 

It may be prudent to purchase now!

Borrowers who want to get a mortgage insured by the Federal Housing Administration should act quickly to avoid changes the agency is making to shore up its faltering insurance fund.

Here’s the timing: FHA will raise the annual mortgage insurance premium on most loans that have a case number starting April 1 or later. To …

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Thumbnail image for The Year Everyone Was Wrong (Again) About Home Prices – San Luis Obispo Real Estate

The Year Everyone Was Wrong (Again) About Home Prices – San Luis Obispo Real Estate

by Marsha Willingham January 28, 2013 About

Multiple offers abound in the San Luis Obispo area.  Perhaps it is time to make the move!

 

For several years, economists and housing analysts have predicted a housing bottom, but few forecasts at the beginning of 2012 foresaw the magnitude of the rebound that the housing sector enjoyed last year. Quarterly surveys by real-estate website Zillow Inc. Z +3.04% and Pulsenomics LLC poll …

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