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MORRO BAY & LOS OSOS: A 10+ YEAR OVERVIEW OF SALES ACTIVITY FOR 2000-2010

Morro Bay      # Sales           Median (‘000’s)          CDOM (Days On Market)

2000                       226                         $260                       71         

2001                       157                         $320                       61

2002                       197                         $370                       59         

2003                       182                         $430                       57

2004                       206                         $539                       66         

2005                       151                         $639                       57

2006                       118                         $616                       110

2007                       108                        $568                       134

2008                       113                         $510                      143

2009                       119                         $480                      148

*Oct 2010            105                           $433                      112  

Los Osos               # Sales          Median (‘000’s)            CDOM (Days on Market)

2000                       234                         $225                       46         

2001                       192                         $276                       46

2002                       247                         $325                       48         

2003                       234                         $369                       52

2004                       231                         $445                       46

2005                       218                         $507                       64

2006                       162                         $502                       108

2007                      133                          $469                       127

2008                       106                         $423                       127                   

2009                       135                         $370                      121             

*Oct 2010               106                          $367                    100

Based on this data, the median sales prices for Morro Bay & Los Osos are  back to the 2003 levels.  As seen by CDOM, (cumulative days on the market) , homes take longer to sell now and there are  far fewer sales than in the early 2000’s.

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