I updated the median home price page on the SloWatch.com site with 4th quarter and 2nd Half prices for each city. In addition, I calculated the 2009 median home price for SLO County and compared it to previous years.
The chart below compares the 2008 vs. 2009 median home price. Only 1 city had a higher median home price and that was Templeton. Morro Bay was next on the list with only $2,000 less than 2008’s median. All the other cities lost 5 to 31 percent.
But that’s calculated for the entire year so doesn’t tell the whole story. If you look at the Median Home section on the SloWatch.com site, you’ll see that the 4th quar4ter of 2009 had higher median home prices than previous 2009 quarters in some cities.
Here’s the median home price comparison for Santa Maria and Orcutt: