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Million Dollar Home Market Stats

I ran some numbers earlier this week for a Tribune reporter doing a story on the $1M plus market. Following are some of those stats…

One Million+ Solds (single family homes, SLO County)

Solds:

1/1/09-9/20/09 – 65 properties sold $1M+ (Average Days on Market = 179)
1/1/08-9/20/08 – 124 homes sold $1M+ (Average Days on Market = 182)
1/1/07-9/20/07 – 168 homes sold $1M+ (Average Days on Market = 114)
1/1/06-9/20/06 – 231 homes sold $1M+ (Average Days on Market = 84)

Cities they were sold in (1/1/09-9/20/09):

Arroyo Grande – 8
Atascadero – 0
Avila Beach – 1
Cambria/San Simeon – 6
Cayucos – 2
Creston – 0
Cuyama – 0
Los Osos – 2
Morro Bay – 5
Nipomo – 3
Oceano – 1
Pismo Beach – 10
Paso Robles – 7
San Luis Obispo – 7
Santa Margarita – 0
Templeton – 13

$750K- $999,999 Price range Solds (single family homes)

1/1/09-9/20/09 – 107 properties sold $750,000 -$999,999 (Average Days on Market = 147)
1/1/08-9/20/08 – 153 properties sold $750,000 -$999,999 (Average Days on Market = 125)
1/1/07-9/20/07 – 292 properties sold $750,000 -$999,999 (Average Days on Market = 131)
1/1/06-9/20/06 – 299 properties sold $750,000 -$999,999 (Average Days on Market = 82)

Actives (as of 9/21/09)

As of a minute ago, there are 322 single family homes $1M+ on the market. Based on the sold activity over the last 30 days, we have 32 months of inventory in this price range.

Where the $1M+ Actives are:

Arroyo Grande – 44
Atascadero – 11
Avila Beach – 10
Cambria/San Simeon – 37
Cayucos – 22
Creston – 7
Cuyama – 3
Los Osos – 8
Morro Bay – 11
Nipomo – 13
Oceano – 2
Pismo Beach – 22
Paso Robles – 55
San Luis Obispo – 44
Santa Margarita – 5
Templeton – 28

Inventory for the $750,000 – $999,999 price range is 225 homes. Based on the sales activity over the past 30 days, there is currently 12.5 months of inventory.

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