Voted Best Real Estate Company in SLO County in the 2017 New Times Reader Poll
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A 50 x 95 lot in Shell Beach came on the market today. There is a home on it but it needs to be torn down. Not right across the street from the ocean but not too far up the street towards Shell Beach Rd. List price – $680K

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

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Did anyone see the article last Friday(2/11) in The Tribune? Interesting data from the California Association of Realtors. Median price from Dec03 toDec04 for the county was up +15%. The winner was Templeton at a +32.9% increase. The big loser was Cambria with a -25% decrease in the median price. Cambria was the only area that posted a negative. Los Osos was unchanged and all other areas of the county enjoyed increases.

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

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A report released today by National City Corp looked at 99 real estate markets around the country and determined how much they were overvalued. They calculated it using “What should home prices be in each of the 99 largest metro areas after controlling for differences in population density, relative income levels, interest rates and historically observed premiums or discounts in those markets? The study compared these calculated norms to actual current prices.”

Here’s the most overvalued areas in their report:

The survey identified several areas with overvaluation in excess of 20 percent: Chico, Calif., 43 percent; Stockton, Calif., 34 percent; Santa Barbara, Calif., 34 percent; Los Angeles, Calif., 32 percent; San Francisco, Calif., 30 percent; Modesto, Calif., 30 percent; San Diego, Calif., 28 percent; W. Palm, Fla., 26 percent; Sacramento, Calif., 25 percent; Las Vegas, Nev., 24 percent; Portland, Ore., 24 percent; Miami, Fla., 23 percent; Sarasota, Fla., 22 percent; Detroit, Mich., 22 percent; Saginaw, Mich., 21 percent; and Bellingham, Wash., 21 percent.

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

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“Where do people work?”

That’s a question that I sometimes get from out of town buyers. Here is some data from the UCSB Economic Forecast that you might find interesting:

SLO County Population (1/05) – 258,204

San Luis County Employment (102,200 total jobs):

Agriculture – 3,500

Mining and Contruction – 6,900

Durable Manufacturing – 4,200

Non-Durable Manufacturing – 2,800

Trans. Warehousing and Utilities – 2,700

Wholesale Trade – 2,400

Retail Trade – 13,500

Finance Activities – 4,800

Information – 1,300

Government – 22,000

Other Services – 37,100

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

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Ok, I was able to run the January report.

This is for Central Coast real estate in the MLS:

New Listings – 805

Back on Market – 211

Price Changed – 402

Contingent – 28

Pending – 635

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

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Wow, another month gone…

I tried to run reports in our MLS system to get the stats I usually post for the previous month (new listings, sold, pending, etc.). Unfortunately, our MLS system is whacked and it’s not providing me much info at all. The Central Coast is changing MLS systems in March and we’ve been having nothing but problems with our exisiting system. Certainly seems like our current vendor isn’t interested in us anymore. Not a good way to do business.

The good news is the new MLS system is really cool. Lots of cool reports that I’ll be sharing on this blog!! If you’re reading this and involved in real estate in another area, I’d highly recommend Rapatonni. While the system isn’t in place yet, I was fortunate to be on the team that did the vendor evaluations and selection and they really impressed me. Great system and a great bunch of people. They are in Southern California.

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

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I was doing a market analysis today for a client of mine and it seems that listings for single family homes are staying on the market longer than they were a year ago. I did some research and found some pretty startling facts. On the Pismo Coast, for the month of January 2005, homes stayed on the market an average of 51 days versus 63 days in January 2004. And the sales price versus the listed price remained essentially the same for both years at 98.6%. It looks like the market is holding steady here on the Pismo Coast. Go Figure.

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

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A home on the Bluffs overlooking Pirates Cove went on the market. Only $5.9 Million!

Seems like one of these homes comes available the beginning of each year. The price goes up between 1- 2 Millon a year! Don’t know if this is an indication that prices are going to take another jump this year. It could be viewed as a bargain. This home was first inputted to the MLS system at $55 Million, then changed.

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