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Housing Inventory Levels Reach Record Lows in San Luis Obispo County

Inventory levels always decrease during the winter months, in the past five years we saw around a 3-4 months inventory between November and February then around 5 months of inventory during the summer. This February there was only 2.5 months of inventory in San Luis Obispo County. There were a total of 820 active listings this February 2017, which is a significant decrease from 1,117 active listings in February 2016.

This is a seller’s market meaning now is a great time to list. The median home price has been increasing and there are more home buyers than sellers in the market. Buyers should be prepared to compete, presenting their highest and best offer quickly when they find the right home. The graph below shows the monthly inventory trend over the past five years.

Written by Central Coast Lending - Go to Central Coast Lending's Website/Profile
805.543.LOAN info@centralcoastlending.com
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New Listing! Gorgeous N. Grover Home!


Gorgeous north Grover Beach home located in the exclusive gated community of Mar Brisa! This tri-level home offers beautiful mountain and city views, while looking out the stunning picture windows. The 2197 sq. ft. home has 3 bedrooms, and 3 baths, an upgraded kitchen and formal dining room, and a family and formal living areas. Please notice the custom tile work and fine finishes throughout this wonderful home. Bonus: The sellers added over $40K in drought resistant landscaping, drainage, and drip system.
Collette Kutil 805.801.8114

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

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New Listing! 2 Bedroom 2 Bath 55+ in Grover Beach


Very popular, close-knit 55+ retirement neighborhood with twin homes. Great floor plan with lots of room, living room, separate den, two bedrooms and two full bathrooms and two car attached garage with laundry hookups. Lovely private patio and low maintenance yard. Newer windows and carpet. Must be 55+ to live in the home, but any investor may purchase the home and there is no association fee!
Shari Bone 805.471.9184

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

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New Listing! 3 Bedroom 2 Bath in Paso Robles


Very cute house, great location next to greenbelt. Charming kitchen with solid surface counters, newer sink, nicely done whitewashed cabinets, tile floor. Both master and dining nook have patio doors. Wonderful yard with decorative concrete walls, palm tree, covered patio with outdoor Lynx BBQ kitchen bar. Great home! Great setting!
Kim Bankston 805.674.2298

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

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New Listing! 5 Bedrooms & 3 Baths!


Excellent opportunity to own a hard to find 5 bedroom home, living room & family Room, dining area off living room area, high ceilings. Fireplace in the family room. Indoor laundry. This home has loads of storage. Spacious kitchen with center island with a large breakfast bar. The backyard has a pergola which would be perfect to hang out under with friends and family during the weekends. Don’t miss this opportunity call your agent for a showing now.
Bernie Davidson 805.878.6967

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

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New Listing! 3 Bedroom 2 Bath Santa Maria Home


This remodeled 3 bedroom, 2 bath home is over 2,000 sq ft! The open floorplan offers lots of dual paned windows, high ceilings, surround sound, recessed lighting and ceiling fans. The beautiful gourmet kitchen features custom cherry cabinetry, stainless steel appliances, a breakfast bar and lots of storage. There are formal living and dining areas complete with beautiful ceilings and crown moldings as well as a large family room with a beautiful fireplace – with French doors open to the outside. Enjoy the over sized owner’s suite complete with two deep closets, built in ironing board, Jacuzzi tub and lots of natural light. The covered patio in the backyard is a great place to entertain. Wired for surround sound and plumbed for gas and 220 electricity there are lots of possibilities and the recessed lighting allows for evening guests. Also included is the custom built, matching storage shed. Apple, fig, plum, lemon and lime trees frame out the great yard!
Wendy Teixeira 805.310.3505

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

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Mortgage Rates Dip Slightly

After remaining relatively flat in the past few weeks, mortgage rates have finally decreased in  APR. All ten of the programs offered this week decreased from the smallest decline being in the 30-year fixed conventional that fell by 1.1 basis points and the largest change being seen in the 30-year fixed jumbo program that dropped 23.7 basis points. The average among all ten programs was a decrease of a solid 9.3 basis points to the all programs’ APRs.

The Freddie Mac mortgage rate increased changing six basis point to an APR of 4.10%, this is above the APR a year ago when it was at a level of 3.64%. The 30-year conventional mortgage program tracked by this survey has only varied by 11 basis points since the beginning of the year, and rates have remained relatively flat and much higher than the rates tracked at this time last year.

Attributed to Sean Becketti, chief economist, Freddie Mac.

“The 10-year Treasury yield remained relatively flat this week, while the 30-year mortgage rate fell 6 basis points to 4.1 percent. Since the beginning of the year, the 10-year Treasury yield has covered a 22 basis point range. The range of movement for the 30-year has been half that, just 11 basis points.”

Written by Central Coast Lending - Go to Central Coast Lending's Website/Profile
805.543.LOAN info@centralcoastlending.com
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New Listing- Fabulous 3 Bedroom 4 Baths in Pismo Beach


Spectacular ocean views from every room! Welcome to the best Pismo Beach has to offer. This hill top home is located in a quiet, well respected neighborhood and features two master suites, and a private indoor swimming pool and spa. Upon entering this home, you’ll experience the dramatic architectural lines highlighting the open floor plan. With over 5000 sq. ft of living space, this home is perfect for entertaining and waiting for you to call it home!
Collette Kutil 805.801.8114

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

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New Listing! 2 Bedroom 2 Bath in Shell Beach


Shell Beach Cottage just one block from the ocean Bluffs! This beautifully cared for home is abundant with character through out! Enjoy the ocean view from the front deck; it’s perfect for entertaining! The cozy, delightful inside offers wood floors, custom lighting, 2 bedrooms, and 1 bath with 1038 sq. ft. This large lot has a wonderful drought resistant back yard and a trellis wrapped in wisteria, drive way parking, and single car garage. If you like the Central Coast, you’ll love Shell Beach!
Collette Kutil 805.801.8114

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