I saw a report on TV about the high-end market in San Francisco and how hot it is. It said that cash from high-tech 30’ish executives were the main buyers.
Unfortunately, the million dollar plus market here on the Central Coast isn’t that hot. There are 364 active properties on the market and only 11 were Sold in April. That puts the Month of Inventory at 33 months.
The $ Million+ homes that Sold in April were located in:
4 – Arroyo Grande
2 – Cayucos
2 – Nipomo
1 – Pismo Beach
1 – Morro Bay
1 – Templeton