Market Update

June 8, 2018

June Market Update...It's Been 7 Days and My Home Hasn't Sold...What's Wrong?

Recently a lot of people have approached me with concerns about their listing. They come to me and say, “Hal, my home has been on the market for five days and still hasn’t sold. What’s wrong?

The truth is that there is no reason to worry. Our market is ...

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May 8, 2018

The Latest San Luis Obispo Market Update Is Here

With April behind us, it’s time for our latest market update.

Most of the recent news about our real estate market has been optimistic. In any case, there are a few key statistics worth discussing.

Interest rates, in particular, have seen a significant increase since last year. This trend is ...

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March 14, 2018

What’s Happening in the San Luis Obispo Market Right Now?

Today, I’d like to recap what happened in our February market.

The numbers we’re seeing right now are pretty consistent compared to this time last year. However, because our inventory is a little lower, we are seeing a lower sales volume this year compared to last year. That said, the ...

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Feb. 14, 2018

How Did the San Luis Obispo Market Do in January 2018?

The market stats for January are in. How did the January 2018 market compare to the market in January 2017?

In general, we have very low inventory. On average, inventory is down 5%. You have to be careful with averages, though. Someone once said, “If your feet are in the ...

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Oct. 27, 2017

How Is the New Construction Trend Impacting Our Market?

Something is happening in our market. In the past year or so, we’ve had a number of new homes in the Serra Meadows Development come onto the market.

These homes are very nice, and have been taking up virtually half of all home sales each month.

A similar trend recently ...

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Aug. 25, 2017

What Causes a Real Estate Bubble?

What Causes a Real Estate Bubble?

Many people are asking if we’re currently in a bubble. The short answer is no, but let’s take a closer look at what could change that, and what happened last time we were in one.

With the market headed in its current direction, I’ve ...

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June 6, 2017

The Key to Selling Your San Luis Obispo Home for Top Dollar

How can you make the most money possible from your home sale?

The answer to this question oftentimes depends on the marketplace. Right now, we’re in a seller’s market. We’ve worked with numerous sellers lately whose homes generated multiple offers that drove their sale price way up.

Across the board ...

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April 19, 2017

San Luis Obispo 1st Quarter Market Update

We’re well into the second quarter of 2017, so it’s a good time to give you an update on exactly what’s happening in the San Luis Obispo real estate market.

Inventory is relatively flat compared to last year. It may feel lower due to the increased number of sales. For ...

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Feb. 13, 2017

What Happened in January in Our Market?

I have some numbers that I confirmed for our January 2017 market that I would like to share with you today.

Inventory was down in January compared to last year, and our total sold homes were up a little bit. Normally, when buyers don’t have as many choices, there aren’t ...

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