Using the SqFt dashboard, which is updated quarterly, we can look at market trends of specific types of houses, in this case houses that are larger than 3500 square feet. The total number of these huge houses that sold in 2013 was 114, and so far in 2014 there have been 48 that have sold.
Where are these houses?? The cities with the most extra large houses are Arroyo Grande (28 in 2013, 12 in 2014), Atascadero (17 in 2013, 7 in 2014), Paso Robles (13 in 2013, in 6 2014), and San Luis Obispo (15 in 2013, 8 in 2014). The remaining 41 homes in 2013 and 15 homes in 2014 are spread around the county, with just a few selling in each city.
These houses have the same percentage of foreclosures and short sales, when compared to all houses sold so far in 2014. They tend to sit on the market longer, with an average days on market of 163 so far in 2014. In comparison, when all sqft ranges are combined, the average days on market so far in 2014 is only 76.
Click Here for the detailed 3500+ Statistics Dashboard