I’m not really seeing any indications that we’ve hit the “bubble”. Although it is the typical slow season, new listings are still going out at hefty prices. We’ll know more after the new year if the inventory takes a big jump.
A 4 bedroom home on the 16th fairway of the San Luis Country Club came on the market. Asking price is $1.2M.
A 40 acre lot in Nipomo came on the market for $2.5M. It was part of a 100 acre citrus and avocado orchard that’s being split. 3 homes can be built on this parcel.