Cooling Appreciation: Though prices continue their upward trend since my post in June, there has been a very definite cooling in the market being experienced by most, not only in SLO County but other parts of California as well. I have noticed that the buyer “flurry” felt earlier this year has eased somewhat, although REALISTICALLY priced properties continue to bring in multiple offers and sell quickly. I have also noticed that some sellers have become overly confident with their list pricing, which is understandable taking into account trends from the earlier part of the year; but this, coupled with the recent increase in interest rates (which are still historically low!), as well as seasonal factors (activity usually tends to wane slightly after the summer months) are causing some very nice properties to sit on the market longer than expected.

Another vital reason to always get a CLEAR and CURRENT picture of this ever-changing market from someone who truly understands and has a steady pulse on it’s happenings… because as market time increases, along comes the inevitable stigma of a property… “What’s wrong with it?!?”.

For more in-depth and customizable market statistics, or to discuss a specific property, give me a call to simply chat! 805.234.2908. You can also subscribe to my Client Access Page, which provides you with monthly Sold reports, quick Market Indicators, and an Interactive Statistical dashboard… good stuff!

(Click on the image to enlarge.)

September 2013 Market Stats