Foreclosure Update – January 2011
Year End Re-Cap The first half of 2010 saw relatively good news for most participants in the foreclosure market. Foreclosure cancellations rose as homeowners saw more short sales and loan…
Year End Re-Cap The first half of 2010 saw relatively good news for most participants in the foreclosure market. Foreclosure cancellations rose as homeowners saw more short sales and loan…
Considering buying a vacation home on Lake Nacimiento? Perhaps you’ve visited friends or family that currently live in either the Oak Shores or Heritage Ranch communities on Lake Nacimiento or…
3120 East Beach Circle, Bradley Approx. Lot Size: .20 Acres List Price: $115,000 MLS #: 172429 Build your lake home and private dock! Enjoy mountain views and lake views. Seasonal…
If buying a waterfront home has been your dream for either a permanent residence or vacation property; there are a few things you’ll want to know! Buying a home on…
SHOW YOUR OAK SHORES COMMUNITY SUPPORT The Fire Safe Counsel of San Luis Obispo has made it clear that they need to see support from the community in order to…
Lake Nacimiento offers a great lifestyle for vacationers and year round residents alike! It may be, however, that you’re expecting changes in 2011 and now have the need to sell…
Many of Lake Nacimiento’s vacationers and year round residents enjoy the relaxed and peaceful setting of Lake Nacimiento. Life here is ideal for those who want to get away from…
January 2011 Market Watch for North San Luis Obispo County and Monterey County
North San Luis Obispo County Active Listings: There are a total of 1,778 properties actively on the market with an average list price of $648,048.
North San Luis Obispo County Sale Pending/Sold: There are currently 188 properties with sales pending and 1,041 properties that closed in the past 6 months. The average sold price is $390,082 and the average time on market is 116 days.
North San Luis Obispo County Absorption Rate/Supply: The current month supply of homes on the market is defined as the ratio of the current inventory of active listings compared to sales. In other words, given recent sales activity, one can estimate how long it would take for the entire inventory of active listings to sell, assuming no new listings were to appear on the market. At the present time it will take about eight and a half months to sell all of the current active listings, without adding any new homes for sale.
2010 SALES IN OAK SHORES Below is a summary of the properties sold in Oak Shores in 2010. Thanks for making this such a great community, we look forward to…
Lake Nacimiento is getting ready to kick off the New Year and my team and I at Oak Shores Realty are excited for 2011! Experts predict that foreclosure listings will…