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I’ve heard the “the million $$ plus market is doing pretty good” claim again so I thought I’d do a quick check to see if that’s the case.

Arroyo Grande has 65 homes $1M+ that are active with 4 Solds in the the last 30 days. This equals over 16 months of inventory.

Nipomo has 28 active listings and 1 Sold = 28 months of inventory.

Pismo Beach has 52 actives with 3 solds = 17 months of inventory.

San Luis Obispo has 35 actives with 6 solds = less than 6 months of inventory.

Cambria has 18 actives with 2 solds = 9 months of inventory.

Paso Robles has 36 actives with 2 solds = 18 months of inventory.

So…the only city where the Million Dollar homes are selling is in San Luis Obispo. Most everywhere else it’s bad news for home sellers.

Written by Keith Byrd - Go to Keith's Website/Profile