In Saturday’s tribune, there was an article on the low number of Sales in August. The majority of these were Pendings in July so if you read the statistics on http://www.slowatch.com/, you already knew this when I posted the stats at the beginning of August. The article also said that the high-end was doing well (can’t remember the exact language). I’m at a loss to know where they are getting their data from.
For the first 15 days of September, we’ve had 5 homes priced over $1 Million go Pending. These were in Cambria, San Simeon, Morro Bay, Nipomo, and Templeton. Currently, there are 417 homes on the market over $1 Million. Call me crazy but this doesn’t sound like the high-end market is moving much at all.
Also FYI, we had 161 total Pending residential sales for the first 15 days of September. We’ve also had 305 new listings and 599 price changes.