Posted on 03/24/2006 7:05:10 PM PST by Porterville
County median home price reaches $604,000 San Luis Obispo County’s median home price inched past the $600,000 mark last month, reaching $604,170, according to data released by the California Association of Realtors. This was a 2 percent gain from January and a 21.7 percent gain from February 2005, when the median price was $496,430.
February’s median was still lower than the record set in November 2005 of $605,160.
The county saw an 8.1 percent increase in the number of sales of single-family detached homes compared with February of last year. During the same period, the median price of an existing home statewide increased 13.7 percent as the number of sales decreased 15.5 percent.
"As expected, year-over-year sales continued to decline from the robust levels of a year ago," said Vince Malta, association president.
Statewide, there is an unsold inventory estimated at 6.7 months. In San Luis Obispo County, unsold inventory was 7.6 months in February. That compares with 5.6 months in February 2005.
The California Association of Realtors bases its figures and projections on the reported closed escrow sales of single-family detached homes (no condominiums) provided by member associations. — Jeanne Kinney
BTW- I'll probably sell in April '07, take my tax free 500k and reinvest in another up and coming market. 250k/yr tax free ain't bad.
I dont see the alure of Cali....why would anyone WANT to live there?
Sorry, I'm having a real hard time writing tonight... are for our and all that stuff. My bad.
You can't get more awesome than that! Congrats!
Excuse me but you and your house and however much it cost
and where its located mean squat, materialism is marxism
crawl back in your hole with your materialistic goon squad.
Life is about contribution not what you have.
We will probably sell in May of '07 ... 13 months...
I bought my first house for two dollars, $2.00, and sold it ten years later for 18 million. Am I exploiting the housing bubble?
Earthquakes? Please...we have a bad one about once every 100 years...somewhere in our hundreds of thousands of square miles. That's what earthquake insurance is for, subsidized by the US taxpayer. Thank you.
According to the local newspaper it means on average 604,000 little pieces of freedom...
Sold my last home in April '05..have to wait 24 months.
It ain't 'nuthin unless my friends come out to visit.... ;-}.
The equity ride would be a hoot though.
I'm on the same track. We sold our first home in October; my girlfriend is now in nursing school while we fix up this house.
That's true, but it has some of the most beautiful views of the ocean. I love to go there and stay on the weekends.
No can buy. I have always been my sole support.
I was a legal support asst. with the county attys for several yrs but had to ret. two yrs ago (age late 50s) due to in the past 10 yrs over 8 major orthopedic surgeries, cancer surgery. Last month had neuro surgery on left arm.
Have been on forearm crutch for several yrs.
All this while working full time so finally had to ret.
I never owned a car in my life which is unheard of in SoCal.
Of course, I've always got my bags packed to visit friends...just waiting for an invite...
I have family that moved to TN because they couldn't pass up the opportunity. For example, they have kids, something I could not afford right now.
You've done well. Couldn't happen to a nicer guy......and yes, I mean that.
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