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Market Update- The Coast

THE MARKET IS ACTIVE!

WE HAVE SEEN THE BOTTOM!

NOW IS THE TIME TO BUY!!!

You are hearing and reading it everywhere you turn-

Here is an overview of the market  for you to see this on our local level with a snapshot look at Cambria, Cayucos and Morro Bay.  This trend is being seen throughout the county- the state- and… much of the nation.  Something has surely shifted!

 

……………………..#Active   # Pending  # Contingent (REO & SS) # Sold Year-to-Date………………

Morro Bay              47                   22                               6                             45

Cambria                 73                   29                               7                             58

Cayucos                 35                   13                              1                              17

Inventory is low…. so low in fact that with the number of properties now Pending (in escrow) we have a 2-3 month supply of homes on the market.  6-months is considered a balanced market.

Current activity-as seen by the number of Pendings- totals nearly half or more of  the Year- To- Date Total Sales.  Buyers are buying!   Now we need more Sellers.

 

 

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