There were 18 sales reported on the local MLS in Avila Beach in 2008. The lowest re-sale was a $300,000 manufactured home in Indian Hills, an age restricted park in San Luis Bay Estates. The monthly association dues on that 38 year old unit is about $285. The most expensive home sold during that time period was a 2 bedroom, 3 bath, 2800 square foot home in San Luis Bay Estates which sold for $2.3 million. The average price was $763,500, with an average days on market of about 4 months, and selling for abut 97.4% of list price, for about $07 per square foot.
It is a bright and sunny day here in Santa Maria. I spent the morning meeting with about eight local loan officers. Things are really starting to buzz again. They were all exceedingly busy! It’s great to see.
Now onto the Nipomo real estate market. There are currently 207 homes (including manufactured homes) on the MLS market, there are 39 homes pending or contingent, and in the past 30 days, 15 homes have been listed as sold in the MLS. The most expensive of these homes sold for $1,110,000.
Hey, but I know yo’re asking, what about Oceano! Well I haven’t forgotten this beautiful little place. Here are the stats on the Oceano real estate market. There are presently 47 homes listed on the MLS, 5 pending or contingent Oceano homes, and in the past 30 days, 5 homes reported as sold. The most expensive of these homes sold for $640,000.
So, it appears that Nipomo is turning over at about 7.2% per month right now, while Oceano is turning over at 10.6%. Please contiue to check back in with my blog for current market information here on the Central Coast. Remember I service the entire Central Coast wchich includes, Santa Maria, Orcutt, Guadalupe, Los Alamos, Los Olivos, Solvang, Buelton, Santa Ynez, Nipomo, Oceano, Pismo Beach, Avila Beach, Grover Beach, Shell Beach, Arroyo Grande, and San Luis Obispo. Please call me with all your real estate needs. I can be reached at any time on my cell number 805.878.9879.
Based on the information from the Central Coast Regional MLS for the 30 days prior to this posting, March 24, 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.