Condos in SLO county are also seeing an increase in their median home price. The median home price of all condos sold in 2014 in SLO County is $315,000. In 2013, the median home price was only $287,590.
In San Luis Obispo city, 49 condos have already sold in 2014. Sometimes purchased as rentals for Cal Poly students, the median home price of these condos has been increasing each year since 2011.
2011 – $262,500
Pismo Beach has seen a 17.7% increase in the median home price of non-foreclosure condos since 2013. The 33 standard sale condos in 2013 had a median home price of $469,000, whereas the 12 standard sale condos in 2014 had a median home price of $552,000.