San Luis Obispo Real Estate Market Review January – June 30th 2015

San Luis Obispo Real Estate Market Review January – June 30th, 2015.  If you are looking to purchase a single-family home in the City of San Luis Obispo, or are asking yourself if now is the time I should sell my house in San Luis Obispo?  No matter if you are a first time home buyer, looking to move up, downsize, or relocate; you will want to go over the most recent market information provided below.  If the information below is no longer current you are more than welcome to reach out to me for an update. My email is [email protected].  If you are selling your San Luis Obispo home or looking to get it listed on the market in the next few months please go to www.FreeHouseQuotes.com for a current San Luis Obispo home market evaluation.  Please note this is not an instant quote, as some of the other pick a price sites. I must say they are getting better, however, they seem to be more challenged the more unique and custom your home is. It’s not just about finding other similar homes across town and pop out an average. If you are longer out than a few months ask to be set up to see what other homes like yours are listing an selling for.  It’s a free service, you just have to ask.

If you are a buyer on the other end of the spectrum you can go to www.JamesOutland.net click property search San Luis Obispo and search the price and property anytime you desire.    If you are looking to make a move shortly ask to be set up for a client portal for San Luis Obispo home for sale. What if you’re on Realtor.com, Trulia, Zillow or homes.com?   Remember these portals feed on our MLS at some point.   It starts with us, plus you can avoid a lot of the distractions/ ads and time of seeing the same home over and over on different sites. Smart buyers will want this service to avoid the duplicated properties, the benefits of specific search criteria, and one of the best buyers tools is the knowledge of what other homes closed for recently.  The link is mobile friendly so no need to download an app. If you are interested in this please email me [email protected] today.

Enjoy the recent San Luis Obispo Real Estate Market Review January – June 30th, 2015 I do look forward to helping you reach your Real Estate Goals

Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago
Jun. 15 May. 15 % Change Jun. 15 Jun. 14 % Change Apr. 15 to Jun. 15 Apr. 14 to Jun. 14 % Change
For Sale 83 85 -2.4% 83 93 -10.8% 82 92 -10.9%
Sold 41 22 86.4% 41 29 41.4% 32 31 3.2%
Pended 37 41 -9.8% 37 34 8.8% 39 35 11.4%
Date 4/14 5/14 6/14 7/14 8/14 9/14 10/14 11/14 12/14 1/15 2/15 3/15 4/15 5/15 6/15
For Sale 95 88 93 93 85 79 74 58 62 52 62 69 78 85 83
New Listing 61 42 42 33 26 20 28 23 29 27 45 47 63 40 42
Sold 34 29 29 42 27 22 23 20 26 19 16 38 34 22 41
Pended 32 39 34 24 26 17 26 25 18 22 41 35 38 41 37
Months of Inventory (Closed Sales) 2.8 3 3.2 2.2 3.1 3.6 3.2 2.9 2.4 2.7 3.9 1.8 2.3 3.9 2
Months of Inventory (Pended Sales) 3 2.3 2.7 3.9 3.3 4.6 2.8 2.3 3.4 2.4 1.5 2 2.1 2.1 2.2
Absorption Rate (Closed Sales) % 35.8 33 31.2 45.2 31.8 27.8 31.1 34.5 41.9 36.5 25.8 55.1 43.6 25.9 49.4
Absorption Rate (Pended Sales) % 33.7 44.3 36.6 25.8 30.6 21.5 35.1 43.1 29 42.3 66.1 50.7 48.7 48.2 44.6
Avg. Active Price 989 982 992 991 971 934 939 1037 959 933 909 998 1057 1018 1023
Avg. Sold Price 690 726 774 681 787 713 827 816 647 660 722 676 772 701 775
Avg. Sq. Ft. Price 348 382 407 372 413 361 367 384 373 350 442 368 396 432 407
Sold/List Diff. % 98 97 98 98 93 97 97 96 99 95 97 98 98 100 99
Sold/Orig LP Diff. % 97 96 96 97 89 93 96 88 96 97 96 96 96 100 98
Days on Market 31 48 43 34 64 75 32 126 74 47 36 50 35 28 57
Avg CDOM 42 48 46 43 70 81 34 126 74 62 37 54 46 28 57
Median 667 648 710 625 652 667 720 678 614 576 611 657 690 600 675

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