San Luis Obispo County HOME SALES -  Yearly Review

Home sales were up in San Luis Obispo County in November compared with the previous year as well as the home price median!

371 homes sold in San Luis Obispo County in November 2016, compared with 295 units sold in the same month just one year ago.  The median price of those homes increased slightly from $500,000 to $510,000. (Statistics based on information gathered by CoreLogic, an. Irvine-based data company.)

In San Luis Obispo County, about 77.1 percent of all sales in November were resale single-family homes, according to CoreLogic. While resale single-family home sales decreased 29.4 percent to 286 units sold in November from the year-earlier month, the median price of these resale homes rose by 4.3 percent to $532,000. Sales of new homes increased slightly by 4.8 percent in November, with 44 units sold, compared with 42 the previous year, with the median price of new homes sold decreased by 11.4 percent year over year to $587,500. The number of condos sold in the county was 41 units, up 28.1 percent from 32 in November 2015. The median price for condos was $405,000, up 25.3 percent from a year ago.

In comparison to state statistics, the California Association of Realtors reported the median price of a resale single-family detached home in California was $501,710 in November, 4.9 percent higher than November 2015.

Stats of total sales included new homes, resale single-family homes and condos. Home sale trends are found to be seasonal in nature therefore figures are compared annually and from like month to month.

San Luis Obispo Realty is one of the leading brokers of real estate and homes in the County. Please allow us to assist you in your next real estate transaction in this highly desirable area on the Central Coast.

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