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MARKET SNAPSHOT OF THE SCENIC COAST

MARKET UPDATE

FOR SALES ACTIVITY FROM JANUARY -NOVEMBER 

FOR  MORRO BAY, LOS OSOS, CAYUCOS & CAMBRIA 

(YTD = Year to date)      

MORRO BAY

Active:  130  

YTD Sold/(Nov):  114 (9)

YTD Median Price of  Solds:  $430,000

YTD #REO’s (Bank Owned) Sold:  22  (median sales price: $360,000)

YTD #Short Sales Sold:  12 (median sales price: $440,000)

LOS OSOS

Active:  50

YTD Sold/(Nov):  108 (1)

YTD Median Price of Solds:  $365,000

YTD #REO’s (Bank Owned) Sold:  26 (median sales price: $317,000)

YTD #Short Sales Sold:  13 (median sales price: $285,000)

CAYUCOS

Active:  47

YTD Sold/(Nov):  37 (1)

YTD Median Price of Solds:  $580,000

YTD #REO’s (Bank Owned) Sold:  5 (median sales price: $480,000)

YTD #Short Sales Sold:  4 (median sales price: $408,000)

CAMBRIA

Active:  94

YTD Sold/(Nov):  112 (9)

YTD Median Price of Solds:  $456,000

YTD #REO’s (Bank Owned) Sold:  19 (median sales price: $387,000)

YTD #Short Sales Sold:  10  ( median sales price: $421,000)

Of the properties that are currently on the market and available- the numbers below  show how many of  these are in some state of the foreclosure cycle:  “‘pre-foreclosure”, the short sales;  in foreclosure, NOD’s, Notice of Defaults & Trustee Sales;  and after foreclosure- the REOs,  bank owned properties:

Morro Bay:  12 of the 130 currently available.

Los Osos- 8 of the 50 currently available.

Cayucos: 6 of the 47 currently available.

Cambria- 17 of the 94 currently available.

Written by Lynn Bates - Go to Lynn's Website/Profile
LYNN BATES, Keith Byrd Team, North Coast Realtor of San Luis Obispo County including Morro Bay, Cayucos, Cambria and Los Osos. 805 458-4409. Lynn@LynnBates.Com