SLO County News BlogGolf, Wine, Real Estate, Business & Travel NewsSLO Median Home Prices remain above Half-MillionWednesday, August 24, 2005The median price of a home in San Luis Obispo County remained well above the half-million-dollar mark in July, but sales declined from the previous month.Home buyers paid a median price of $559,900 in July, or $10,970 less than they did in June, according to figures released Tuesday by the California Association of Realtors. Still, July's figure was nearly 24 percent more than buyers paid in July 2004 when the median price was $452,270. Statewide, the median price of a previously owned single-family home in the state jumped an annual 17.1 percent, hitting $540,900. Richard Watkins, chairman of the Central Coast Multiple Listing Service, said some areas such as San Luis Obispo and Los Osos have seen a slight build up in inventory. Coastal towns like Pismo Beach, Morro Bay and Cayucos don't have quite as much on the market, he said. "There's still a lot of activity out there," Watkins said. "There are a few more coming on the market than leaving the market, but there's nothing to indicate there will be a major slowdown in the near future." Read More
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