A total of 120 homes and condos sold in Grover Beach in 2008. 87 of those sold listings were single family homes which averaged 101 days on market, 1512 square feet, and about $429,000 as a selling price. Average asking price for listings that sold was around $447,000 for homes, and $405,000 for condos. 33 condos and PUDs sold last year in the Grover Beach market, and the average selling price was approximately $385,000, with a low of $150,000 for a 2 bedroom condo on Manhattan Ave., and a high of $620,000 for a brand new PUD/townhome with ocean views in North Grover. Homes typically sold for around $293 per square foot and condos for about $257 per square foot.
The south San Luis Obispo county cities of Grover Beach, Oceano, & Nipomo had a good deal of foreclosure activity in 2008. Of the 120 sold listings in Grover Beach, 33 were REOs, and 12 were closed short sales. So, about 37% of the sold market was foreclosure related. Currently, there are 61 homes and condos listed as active in Grover Beach, 3 are bank owned (REOs) and 7 are short sales. So, about 1/6 of the active market is foreclosure related, and there appears to be a shortage of REO inventory compared to the demand for bank owned listings in Grover.
You can search for Grover Beach property for free on my websites. For a map based search, try www.iLoveGroverBeach.com, or for a more traditional search try www.CentralCoastRealEstateSearch.com. If you are thinking of selling your Grover Beach home, send an inquiry to me at www.SellMyGroverBeachHome.com, and I will provide you with a market analysis of your home’s value. Or, simply give me a call at (805) 878-9879.
Tni LeBlanc, JD, M.A., e-PRO
Mint Properties, Broker/Owner
(805) 878-9879, tni@MintProp.com
www.iLoveGroverBeach.com
www.SellMyGroverBeachHome.com
www.CentralCoastRealEstateSearch.com
*Based on the information from the Central Coast Regional MLS. 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.
