SLO County News BlogGolf, Wine, Real Estate, Business & Travel NewsSan Luis Obispo County is Leader in California Home SalesFriday, October 28, 2005Median home prices in California fell in September by 2 percent to more than 4 percent slashing $8,000 off the price of condos and $25,000 of the price of single-family detached homes in September.Statewide, year-to-year single-family home sales were up 3.9 percent and condo sales rose 4.5 percent. Month-to-month, single-family home sales rose "2.9 percent condo sales fell 11.1 percent. "The September median home price compared with August has fallen every year since 1993, and in 20 of the last 26 years," said CAR. President Jim Hamilton. "This year is no exception and is part of the seasonal shift to an off-peak period in the real estate market as we approach year's end. "Despite the seasonal slow down for the market as a whole, the median price in the High Desert, Riverside/San Bernardino, Santa Barbara South Coast and San Luis Obispo regions hit record highs last month," he said. Month-to-month prices fell in 14 of the 20 regions CAR tracks, with all the price increases occurring in regions from central California (San Luis Obispo) to the south. Only Santa Barbara County revealed a year-to-year price drop. Fourteen of the 20 regions yielded sales drops from August to September, only nine yielded year-to-year sales declines. Year-to-year, the biggest price jump was in the posh Santa Barbara South Coast region where home prices jumped a cool 55.3 percent, but the area also had the worst year-to-year numbers for sales which plummeted 34.5 percent. The year-to-year sales leader was San Luis Obispo where sales soared 30.5 percent. All of Santa Barbara County turned in the largest price decline, 19.2 percent. Read entire article at: California Home Prices Slip Seasonally Realty Times, Broderick Perkins Read More
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