Table of Content
Secure your position in the market with a mortgage from Rocket Mortgage®, our sister company. Click on the risks below to learn which exist in San Luis Obispo today and how they’ll change by 2050. Flood risk in San Luis Obispo is increasing slower than the national average. The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive. Click on the risks below to learn which exist in San Luis Obispo County today and how they’ll change by 2050. Flood risk in San Luis Obispo County is increasing slower than the national average.
San Luis Obispo County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster. Drought risk is based on water stress, which estimates how much of the future water supply will be used for human purposes, like watering the lawn. In addition, some homeowners are avoiding selling their houses because they want to maintain their favorable interest rates, which keeps properties off the market, Tartaglia said. In San Luis Obispo, homebuyers looking for a reasonably priced house will be giving up size, amenities and modern upgrades for location. Typically, that means they’ll be choosing among smaller single-family homes or condos that may have dated decor or be in need of remodeling.
Schools in San Luis Obispo County
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Los Angeles homebuyers searched to move into San Luis Obispo more than any other metro followed by San Francisco and Fresno. Across the nation, 0.40% of homebuyers searched to move into San Luis Obispo from outside metros. In Sep '22 - Nov '22, 47% of San Luis Obispo homebuyers searched to move out of San Luis Obispo, while 53% looked to stay within the metropolitan area. Of homes in San Luis Obispo County are required to have flood insurance.
Neighborhood Housing Markets
To be a competitive buyer — other than coming up with cash — homebuyers should work with Realtors who knows the ins and outs of the San Luis Obispo housing market. Being prequalified and preapproved for a loan is also important in such a hot market. These days, homes in San Luis Obispo can have up to four interested buyers and will sometimes sell in a week, although the average time on the market is currently 37 days.
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How much do homes in San Luis Obispo County, CA cost?
On average, homes in San Luis Obispo County sell after 35 days on the market compared to 17 days last year. There were 177 homes sold in November this year, down from 334 last year. Homes in San Luis Obispo receive 1 offers on average and sell in around 31 days. The average sale price of a home in San Luis Obispo was $794K last month, down 11.8% since last year. The average sale price per square foot in San Luis Obispo is $600, up 13.4% since last year.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. It’s a place to connect with a local agent, explore financing solutions, schedule home tours, understand your buying and selling power, and more.
Median Sold Price Compared To Nearby Counties
Explore how many homes are likely to flood in nearby cities, compared to . The average sale price of a home in San Luis Obispo County was $825K last month, up 8.6% since last year. The average sale price per square foot in San Luis Obispo County is $493, up 5.7% since last year. There, buyers can find two- to three-bedroom homes ranging from 700 square feet to more than 1,500 square feet. San Luis Obispo’s least expensive options are condos, which can be found in the $300,000 range on the east side of town, also near Laurel Lane. Rocket Homes Real Estate LLC is committed to ensuring digital accessibility for individuals with disabilities.
Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. The data relating to real estate on this web site is provided through a cooperative data exchange program of the Bay Area Real Estate Information Services, Inc. Multiple Listing Service in which this real estate broker participates.
Condo buyers have a better chance of finding a home that’s moderately priced and in need of fewer renovations, Kessler said. A two-bedroom, two-and-a-half-bathroom condo selling for $519,000 in the Villa Rosa complex on Garibaldi Avenue was built in 1994 and comes with modern appliances and a fireplace. Zillow Home Value Index , built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types. Fire risk estimates the risk of wildfires, based on the likelihood of burning in the future and the potential size and severity of a fire.
The competitive market causes many homes to sell for $5,000 to $10,000 over the initial asking price, she said. ClimateCheck™ analyzes a property's risk from climate change using the latest modeling and data from climate scientists, universities, and federal agencies. San Luis Obispo County's median home price rose to $530,000 in April 2017, up 3.9 percent from April 2016, according to CoreLogic. Here's a closer look at San Luis Obispo's housing market, by the numbers. That challenge is exacerbated when the market is hot and inventory is in short supply, which is the case for both these days, according to local real estate experts.
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