Nipomo & Oceano Real Estate Market Update

The Santa Maria Times reports that the residents of the Santa Maria Airport Mobile Home Park are readying for an inspection due to recent complaints. Some residents felt this inspection was the result of their standig up against the Airport Board’s plans to develop part of their land into a business park and golf course. City inspection officials met with park residents to allay their fears and address their concerns about the upcoming inspection.

Now onto the Nipomo real estate market update. Not much change in the Nipomo housing market since my last market snapshot on May 4, 2007. The number of active listings is basically the same at 201; and the number of homes under contract remains exactly the same at 48. In the last 30 days, 19 homes have sold, 16 listings have expired and 41 new listings have been placed on the market. The most expensive home sold during that period was a 3700 square foot Shea home in the new Trilogy Resort Community. It went for a little over $1 million.

Next turning to the Oceano real estate market. There are currently 64 actives listings, and 9 homes under contract as pending or contingent. In the past month, 2 homes have sold, 5 listings have expired, and 25 new listings have been placed on the market. The median price for the homes placed on the market was $424,950. Currently listed for $424,900 is this 3 bedroom, 2 bath, 1000 square foot home on a 7,000 square foot multi family zoned lot.

Remember to contact Mint Properties for all your Central Coast real estate needs. I would love to assist you in taking advantage of recent market conditions. Please contact my office today at (805) 938-9950. Also, feel free to search for Central Coast properties on my website.

*Based on the information from the Central Coast Regional MLS for the 30 days prior to this posting, May 14, 2007. Neither the Association, the Multiple Listing Service, or Mint Properties guarantees or is in any way responsible for its accuracy. Data maintained by the Association or its MLS may not reflect all real estate activity in the market.

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