If a Central Coast real estate agent says the high-end market is doing well, either they are lying to you or they are just totally clueless.
There is almost SIX YEARS of inventory for Million Dollar homes. There are currently 343 million dollar homes on the market and a total of FIVE were sold last month. You might think these were coastal properties but that’s not the case. Two were in Arroyo Grande, two in San Luis Obispo, and one in Nipomo.
So much for the flashy listing presentations from some agents that try to position themselves as connected to high-end Buyers as the facts speak for themselves. I wonder how many sellers that really need to sell have asked their agent the question “What do I need to do to sell my house?”. I would love to be a fly on the wall.