It’s time for our first San Luis Obispo market recap of the decade. Before we get there, as we look back on the past 10 years, we were fortunate enough to help over 1,400 families buy or sell a home. This means a lot to us because a lion’s share of those people came from past clients and referrals.
Now let’s take a look at the latest market statistics. If you remember last November, we had a really big jump in pending sales, which equated to a higher number of closed sales. In fact, we had 43% more closed sales in December 2019 than we did in December 2018. In the same period, inventory dropped around 10% to 13%, and our total sales were up by a little over 13%.
What does all this mean? First, we’re still the beneficiary of very low interest rates. It seems like these low rates will continue, which is good for both buyers and sellers in the market. We have a very stable market which will assist buyers and sellers.
Finally, I want to give a shout out to the wonderful people I work with. Here at our Flagship Re/MAX office, three great salespeople help me on the buyer’s side: Graeme Baldwin, Devin Hahn, and Melody Avant. The great thing about these three is that they work great as a team and anybody who works with them sees what a great job they do and how much they enjoy our work.
On our customer service side, Sharon Benedik has been helping me run, manage, and take care of all our listings and showings. She works nonstop and is a great asset to our team. Dakota, our escrow manager, is super organized, super friendly, calm, and the guy we want on our side during escrow. Lyn, my assistant, helps keep us all together and organized, which is not easy.
The second portion of our business here is Blue Heron Realty in Avila Valley. Patti, my long-time office manager, is great. Wina Gill, our newest addition as a salesperson, comes to us with previous experience. She just started last quarter, but everyone she has worked with loves her.
Lastly, we have our property management division, Castle Keepers. My wife, Maria, works there, as does our great operations manager Cyndi. If you take a look at their reviews on Yelp!, you’ll see why people love them so much.
If you have questions for us about real estate or need any help with buying, selling, or investing, don’t hesitate to give us a call or send us an email. We look forward to hearing from you soon.