The San Luis Obispo County housing market showed steady year over year increases across most categories of homes sold in April, marking a strong continuation of the spring home-buying season.
The total number of homes sold — including new homes, resale single-family homes and condos — was 392, up 11.7 percent in April over the same month a year ago when 351 units were sold.
The overall median home price rose 11.1 percent to $466,500 in April from $420,000 in the year-earlier period. The median is the midpoint at which half of the houses sold for more and half for less.
In San Luis Obispo County, the majority of the units sold were resale single-family homes, representing about 81.6 percent of total sales, according to CoreLogic.
Resale single-family home sales increased 17.6 percent to 320 units sold in April, while the median price rose by 10.1 percent to $479,000.
The number of condos sold in the county was 36 units, down 21.7 percent from 46 in April 2014. The median price was $325,000, down 6.9 percent.
Sales of new homes increased by 9.1 percent in April, with 36 units sold, compared with 33 the previous year. The median price of new homes increased by 18.5 percent to $509,500.
To read more about this go to the Telegram Tribune online > Click here.