I’ve been researching median home prices and looking at the stats for the past few years. The resulting graphs for each city haven’t really shown what’s happening as we have such a variety of homes in most cities. The graph for most cities shows median prices up one month, down a lot the next, up a lot the next, ….
Santa Maria/Orcutt is the one Central Coast area that really tells the story how prices have been impacted over the past few years by foreclosures. Click on the image above to enlarge the graph.