Closed escrows in November 2009 were 32% higher over November 2008 for Northern San Luis Obispo County. This is a dramatic change and indicative of buyer's acceptance of today's lower pricing. There were also 31% more escrows opened in 11/09 then 11/08 so we are definitely on a positive trend.
Most activity is still in homes priced below $450,000. There is also more activity in the mid range and a little more in the $800,000.00 range but these areas are still feeling pressure.
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