The Office of Federal Housing Enterprise Oversight (OFHEO) released house price appreciation statistics for 265 metropolitan areas. San Luis Obispo was ranked 32 which is great for homeowners, but not so great for those looking to buy in the County.
Here are the house appreciation results for SLO and some other areas. Bakersfield was ranked #1. (Sorry about the formatting. This blog program won’t display multiple spaces between numbers no matter what I try to put them in columns). The full chart is here – http://moneycentral.msn.com/content/Banking/Homebuyingguide/P85324.asp
rank 1-year quarter 5 year
San Luis Obispo-Paso Robles, CA 32 21.69 3.95 107.44
Santa Barbara-Santa Maria-Goleta, CA 11 26.75 3.52 121.77
San Jose-Sunnyvale-Santa Clara, CA 55 16.76 3.69 52.37
Bakersfield, CA 1 33.67 5.52 101.61