……It is now the 2nd day of July 2021 and the real estate market in Northern SLO county is at a very fast clip. With one of the lightest amount of inventory of properties for sale I have ever seen in my 40+ years of selling real estate here, buyers are still paying record prices and many properties are seeing multiple offers. It is definitely a seller’s markets in residential sales here as well as most of the USA.
Here is what has been going on in the Northern San Luis Obispo County real estate market for the last 6 months. The statistics are for all property types which includes single family residential, apartment buildings, commercial, raw land and agricultural
1) Total numbers of sales in the first half of 2021 increased 34% over the same time in 2020.
2) Properties in escrow at the end of June were down 10% over the same time in 2020.
3) Active listings on the market not in escrow are down a whopping 41% over the fhe same time last year. There is a real shortage of properties for sale now.
4) The average sales price of a home on less than 15 acres in the North County is currently $640,000 and the the average for all of 2020 was $570,000. So that is an 11% gain over the same time last year. Feel free to get in touch with any questions about your own property or anything else.
Best to you for the rest of the year, enjoy your 4th of July and stay healthy….