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County median home price reaches $604,000
San Luis Obispo Tribune ^ | Fri, Mar. 24, 2006 | Jeanne Kinney

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


TOPICS: Business/Economy; Culture/Society; News/Current Events
KEYWORDS: crybabies; demand; housing; housingbubble; realestate; realty; surplus
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To: Porterville

Fixer uppers is the way to go. Must be in the right location though.


41 posted on 03/24/2006 7:35:11 PM PST by Bob J (RIGHTALK.com...a conservative alternative to NPR!)
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To: Bob J
It ain't 'nuthin unless my friends come out to visit.... ;-}.

Still workin' on that Big Guy! Hey, we ordered a new shape... for details- www.usflagballoon.com and click on the new shape announcement!

Not my idea.... you know who.... commissioned this one...

42 posted on 03/24/2006 7:35:18 PM PST by abner (Looking for a new tagline- Next outrage please!- Got it! PRIVATE PROPERTY RIGHTS LOST IN THE USA!)
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To: Bob J
Of course, I've always got my bags packed to visit friends...just waiting for an invite...

You are WELCOME WITH OPEN ARMS ANYTIME! No silly invite needed!

43 posted on 03/24/2006 7:36:13 PM PST by abner (Looking for a new tagline- Next outrage please!- Got it! PRIVATE PROPERTY RIGHTS LOST IN THE USA!)
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To: Bob J

I jog here

44 posted on 03/24/2006 7:36:18 PM PST by Porterville (Sure are a lot of these few Muslim Extremist Fanatics)
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To: keithtoo

You want blue collar shop in Pixley.


45 posted on 03/24/2006 7:36:19 PM PST by csmusaret (Urban Sprawl is an oxymoron)
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To: Kewlhand`tek

I dont see the alure of Cali

You haven't been to San Diego recently.

We also have the largest concentration of military in the world here with the Navy and Marines.


46 posted on 03/24/2006 7:36:46 PM PST by SoCalPol (Hillary kvetching is like Jack the Ripper moralizing to my neuro surgeon)
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To: groanup

Was this $2.00 house on Boardwalk or Park Place? I'm assuming you are talking Monopoly money here (heh heh).


47 posted on 03/24/2006 7:37:27 PM PST by Paved Paradise
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To: Bob J

On the invite thing.... We are nowhere near your pay grade, but can definitely make you feel at home... Just don't break my glass... :-)


48 posted on 03/24/2006 7:37:30 PM PST by abner (Looking for a new tagline- Next outrage please!- Got it! PRIVATE PROPERTY RIGHTS LOST IN THE USA!)
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To: SweetCaroline

So do I. :)

But I have to live in the city (Los Angeles in my case) to make the $$$ to pay the sky-high mortgage.


49 posted on 03/24/2006 7:37:47 PM PST by BunnySlippers
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To: RightOnline

Back at ya ROL. What's up? Been a long time since the "Ding Dong..." thread...heheh. Lot of water under that bridge but is WAS the start of the disintegration of FR activism...as you know.


50 posted on 03/24/2006 7:38:16 PM PST by Bob J (RIGHTALK.com...a conservative alternative to NPR!)
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To: abner

I'm an old fashioned guy....


51 posted on 03/24/2006 7:38:43 PM PST by Bob J (RIGHTALK.com...a conservative alternative to NPR!)
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To: Paved Paradise

There were people flipping houses in Florida last year for 20,000 bucks a pop. LOL. The last man to buy...


52 posted on 03/24/2006 7:39:11 PM PST by groanup (Shred for Ian)
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To: abner

Pay grade? I'm on an allowance after what I got to put in monthly to save the republic.

A futon with non vintage port is my speed these days.


53 posted on 03/24/2006 7:41:26 PM PST by Bob J (RIGHTALK.com...a conservative alternative to NPR!)
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To: abner

"Just don't break my glass... :-)"

I'm like a gazelle...


54 posted on 03/24/2006 7:42:29 PM PST by Bob J (RIGHTALK.com...a conservative alternative to NPR!)
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To: groanup

20K a pop? must have been a slum area...


55 posted on 03/24/2006 7:43:48 PM PST by Bob J (RIGHTALK.com...a conservative alternative to NPR!)
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To: keithtoo
Also, I am bragging; mainly because there are soooo many negative threads about how stupid real estate investors are; and it is just so nice to see that the economic data continues to prove the naysayers wrong.
56 posted on 03/24/2006 7:43:57 PM PST by Porterville (Sure are a lot of these few Muslim Extremist Fanatics)
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To: BunnySlippers; SweetCaroline

Anyone who commutes from Riverside or San Bernardino to LA is INSANE! Besides, from what I hear, South Central LA has moved to the Inland Empire.


57 posted on 03/24/2006 7:44:59 PM PST by Clemenza (I Just Wasn't Made for These Times)
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To: Clemenza

It has...must move to San Diego.


58 posted on 03/24/2006 7:47:56 PM PST by Bob J (RIGHTALK.com...a conservative alternative to NPR!)
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To: groanup

I'm not surprised. I know people have flipped them in the Cleveland area for about that and Florida seems like it'd be a better area for that.

Are you into real estate?


59 posted on 03/24/2006 7:49:00 PM PST by Paved Paradise
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To: Bob J

Thousands communte a day here in San Diego via the Coaster trains which ends at the amtrack station downtown.
S.D. being the size of the State of Conn.
Also our several routes of electric train systems.


60 posted on 03/24/2006 7:51:57 PM PST by SoCalPol (Hillary kvetching is like Jack the Ripper moralizing to my neuro surgeon)
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