The buying season is winding down as we get closer to the holiday season. This year, we also have the election. Even with interest rates still low, the $800K+ market has seems to have slowed down over the past several weeks. We’ll see what happens after the election is over.
On a side non-real estate comment. I had the opportunity to chaperone a LAN party last night at the Arroyo Grande High School. This was a fundraiser for the Eagle Robotics group. If you don’t know what a LAN party is, it’s when a bunch of people (students in this case) bring their computers and they all hook them together on a Local Area Network (LAN) and play multiplayer games all night. I had the 1 AM to 4 AM shift but I’m a night own so I’m usually up this late most nights anyways.
Much different than when I was into video games when I went to Cal Poly in the late 70’s/early 80’s. The few arcades in SLO County didn’t stay open all night! (There was an Asteroid’s game in the 24 hour laundromat in University Plaza on Foothill Rd though).
If you like watching the hill above Cal Poly and see the many changes that the “P” undergoes, then you might have a letdown. Due to someone stealing the new lights that are used to light up the “P” during home football games, they cancelled all scheduled decorations of the “P” until June 2005.
If you haven’t taken a hike up to the Cement “P”, I’d recommend it. It’s not a hard hike up the hill and you’ll get a good view of the campus and San Luis Obispo.
MLS Activity for Central Coast from October 1st until today (10/26):
New Listings – 610
Back on Market – 165
Price Changes – 471
Contigent – 57
Pending – 593
Expired – 74
Withdrawn/cancelled – 149
A Home Selling Tip:
From time to time I get emails from homeowners with their house on the market with another Broker asking me why their home doesn’t show up in my MLS search. When you list your home, you need to make sure that the Broker will agree to put your home on the Internet. Some Broker’s fear the Internet and want to hold their listings close to them so when they put a home in the MLS, they choose “No” to the question “Display on the Internet?”. When you list your home, make sure it gets all the exposure it can!
Also, thx to Richard at SloPages.com for the kind comments he made in his Blog!
Looking for a business opportunity? The deli in the San Luis Bay Estates above Avila Beach just had a price reduction from $129,500 to $82,000. A 30×90 lot on Pier Ave in Oceano also had a price reduction to $397,000 (from $420,000). Last price reduction comment for the day…a 2 acre with 3 bedroom in a commercial district in Templeton went from $1.6M to $1.2M. Motivated?…or Overpriced? That is the question!
With all the controversy about the MarketPlace plan in San Luis Obispo I was surprised to see the Madonna Corporation’s plan to expand the Home Depot/Costco area to more retail, including across the street on Los Osos Valley Rd.
I’ve switched to a new Blog program. This one allows me to update from both home and the office.
Looking for previous Blog listings? Below is the blog archive: