Looking at the luxury real estate market in Pismo Beach, there are currently 52 homes and condos priced above $700,000 with an average list price of about $1,289,000 and 180 days on market, and a median asking price of $1,062,500. Average asking price is about $550 per square foot. Looking at the Pismo Beach luxury foreclosure market, there was one active luxury foreclosure listing and there were no available short sales in Pismo Beach. There are two contingent short sales, and one pending foreclosure (REO) sale.
A total of 82 single family homes and 15 condos sold in Pismo Beach and Shell Beach in 2008. The average list price of homes sold was $990,900 and average selling price was about $895,000. The average list price of sold condos in the area was $622,620 and average selling price was was $586,000. Listings that sold were on the market an average of 112 days. Average price per square foot for Pismo Beach and Shell Beach condos was $399, and average price per square foot of sold homes was $458. None of the condos sold were short sales or REOs, and only 3 of the homes sold were 3 REOs, and only one was a closed short sale. So, out of a total of 97 sales, only 4 were directly related to the foreclosure epidemic; this represents approximately 4% of the overall sold market.
If you would like a list of available Pismo Beach or Shell Beach homes and condos, please send me an email at tni@MintProp.com. If you would like a list of bank owned (REO) beach property in the Pismo Beach area please indicate that in your email, or give me a buzz at (805) 878-9879 and I will set up email alerts for you so you know exactly when these properties hit the market. Or visit one of my websites to search for Pismo Beach property: CentralCoastRealEstateSearch.com, or iLoveFiveCities.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.