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Snapshot – 2010 Grover Beach Foreclosure Market

Grover Beach, California foreclosure activity: There are 88 active and pending homes and condos in the city of Grover Beach. Of those 88 properties, 9 homes are foreclosures (10.2%) and 27 are short sales (30.6%). Looking back six months, there have been 72 sales in Grover Beach with an average listing price of $346,140 and an average selling price of $338,940.
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Oceano Foreclosure Market Update & Free MLS Search

Oceano is one of California true beach towns. It is not saturated with deliberate commercialism, yet still sports cutesy names like Beach, Ocean and Surf Ave on its streets. Off the beaten path of Highway 101, Oceano instead straddles the scenic route, Highway 1. Known for the Oceano Dunes, a sand dune area of the coastline preserved for off road vehicle recreation and exploration, Oceano attracts many from the inland areas who seek to beat the heat.
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Pismo Beach, Arroyo Grande & Grover Beach CA Foreclosure Market Update

There is a tremendous amount of interest in buying second homes in this market. Due to the financial and housing crisis, some are taking the opportunity to buy a vacation home on the central coast. Although, we have most certainly seen significant price reductions, foreclosure activity is relatively low in Pismo Beach, Arroyo Grande & Grover Beach compared to the nearby northern Santa Barbara communities of Santa Maria, Orcutt, & Lompoc.
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