According to the California Association Of Realtors (CAR) the San Luis Obispo County real estate market appreciated 10.6% form March 2015 to March 2016.
Median Price home in San Luis Obispo County in March 2016 is $561,010.
Due to the increase in appreciation home sales decline -2.4% form March 2015 to March 2016.
Unsold inventory in San Luis Obispo County is 4.7 months.
Median time on the market is 29 days.
It is a seller's market! With the increase in real estate appreciation over the last couple of years there has been a decrease in "short sales" & REO (bank owned properties on the market).
Right now the market is being driven by the shortage of inventory in both sales & rentals.
It is a seller's market! Right now (spring & summer) is the peak season for real estate activity!
If you are having trouble finding a home to buy, rent or would like to know the value of your home, contact George@FreitasRealEstate.com