The San Luis Obispo County housing market in December showed very little change from the year-earlier period — with less than 2 percent fluctuation in both the number of homes sold and the median price of those homes.
The total number of homes — including new homes, resale single-family homes and condos — decreased 1.9 percent in December to 305 units sold, compared with 311 units sold in the same month in 2013, according to DataQuick of San Diego. Figures are compared year over year because of the seasonal nature of home sales.
The overall median home price in December rose 1.1 percent year over year to $470,000, compared with $465,000 in 2013. The median is the midpoint at which half of the houses sold for more and half for less.
California reported a different trend in December. The total number of homes sold then increased by 4.3 percent year over year to 36,468 homes, while the median price of those homes increased by 6.3 percent to $388,000. Although the overall local market numbers showed only incremental changes year-over-year, sub-categories such as resale single-family homes showed some differences.
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In San Luis Obispo County, 77 percent of homes sold were resale single-family homes.
Sales volume in that category decreased by 3.7 percent to 235 units sold in December, while the median price decreased by 0.8 percent to $462,000. Resale single-family homes was the only category that posted a year-over-year decrease in median price last month. DataQuick also monitors sales of condos and new homes, as well as sub-county data on home sales in local cities, though these are subject to large fluctuations because the numbers are so small.
The number of condos sold in the county increased by 12.1 percent in December to 37 units sold, compared with 33 the prior year. The median price increased by 21.5 percent to $380,000.
Sales of new homes stayed steady with 33 units sold last month, compared with 34 the previous year. The median price increased by 15.2 percent to $697,750.