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SLO County’s median home price, sales hold steady for December 2016

jjohnston@thetribunenews.com

The number of homes sold in San Luis Obispo County in December matched the number sold in the same month the previous year, while the median sales price of those homes also remained the same — $500,000.

Total sales — including new homes, resale single-family homes and condos — tallied 389 in December, the same number of homes sold in December 2015, according to Irvine-based data company CoreLogic. The median price of those homes remained steady at $500,000.

The median is the midpoint at which half of the houses sold for more and half for less. Figures are compared year over year because of the seasonal nature of home sales.

In San Luis Obispo County, 73.9 percent of all sales in December were resale single-family homes, according to CoreLogic. Resale single-family home sales increased 0.4 percent to 286 units sold in December from the year-earlier month. The median price of these resale homes rose by 2.1 percent to $515,000.

CoreLogic also monitors sales of condos and new homes, though percentages on those are subject to large fluctuations because the number of sales is relatively small.

The number of condos sold in the county was 47 units, up 9.3 percent from December 2015. The median price for condos was $400,000, up 22.3 percent from a year ago.

Sales of new homes decreased by 8.2 percent in December, with 56 units sold, compared with 61 the previous year. The median price of new homes sold increased by 4.9 percent year over year to $584,500.

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