Home prices were overpriced for years and now are dropping so it has become a buyers market. Inventory has gone down a bit. There were about 250 houses on and condos on the market (November 2007), and now there is only 197 on the market (Mar 2008). However, there is still substantial competition for sellers to sell their property except for some unique categories like horse property and ocean view/ocean front. SLO County is expected to see 40% appreciation, according to Business 2.0, and is ranked 6th in the top 10 places to by real estate in the United States. The median selling price for a house in December of 2007 was reported to be $595K; down 4% from 2006.
The Central Coast is the last affordable place to buy coastal property in California. So...it's a great investment.
Location Characteristics: This town is quaint and has two types of weather. Inland the weather is warm in the winter and hot in the summer. Along the coast, the weather is temperate with the winters being fairly mild -- rainy in January and February, but warm the rest of the time. The Spring is foggy, but the rest of the year is quite warm -- 70s and 80s. Cal Poly is just 15 minutes away, so there are a lot of youth nearby, but there is also a large retired population. It is close to the beaches and the dunes, so there are ample ocean view properties, but you can also get homes with quite a bit of land. It's a fabulous place to relocate to, have a second home, or retire!
About Kristen Crabtree:
After the tenth time or so of giving my friends a tour of Pismo Beach's real estate -- in particular, the ocean view real estate -- and telling them all of the details of why each property was for sale, how much it was for sale for, and the specifications of the house, they finally convinced me I needed to get into real estate for a living.
I love real estate. It is my passion and always has been. I'm one of those geeks who can't pass an open house without stopping. It annoys others on occasion...
But you get the benefit of this passion. I seek out your real estate for you, saving you a lot of time and energy. If you know what you want and communicate that to me, I love searching to find that perfect property for you and then bringing you to it. A lot of agents sit back and wait for you to tell them what listings you want to see. I find the right listings for you and whenever possible, I see them before you do to rule them out or in, so that you don't waste your precious time.
Give me a call...let's talk about what you want and get me to work on finding you that special property that is just perfect for you!
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
