I’m starting to see some pretty motivated Sellers. Of the 6 residential properties in SLO County that closed escrow today, 4 of them had significant price drops from the List Price:
– An Arroyo Grande home that originally listed at $1,750,000 sold for $1,260,000.
– Another Arroyo Grande home on the market for 104 days was listed at $799,000 and sold for $650,000.
– An Atascadero home on the market for just 79 days was listed at $729,000 and sold for $580,000.
– Even mobile homes are feeling the price pressure. A Cambria home listed at $257,000 sold for $138,000.