San Luis Obispo County home sales continued to climb in July, even as prices dipped slightly from the month before — continuing a busy summer home-buying season.
The total number of homes sold — including new homes, resale single-family homes and condos — was 460, up 22 percent in July over the same month a year ago when 377 units were sold, according to Irvine-based data company CoreLogic.
The overall median home price rose 7.2 percent to $485,000 in July from $452,500 in the year-earlier period.
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. Because of a change in ownership, CoreLogic did not provide data on the overall California housing market.
But the California Association of Realtors reported that closed escrow sales of existing, single-family detached homes in the state totaled a seasonally adjusted 449,530 units in July, up 12.7 percent from the year-earlier period.
The association also reported the median price of a resale single-family detached home was $488,260 in July, 5.4 percent higher than the revised $463,330 recorded in July 2014.
In San Luis Obispo County, the majority of the units sold were resale single-family homes, representing 78 percent of total sales, according to CoreLogic.
Resale single-family home sales increased 28.2 percent to 359 units sold in July, while their median price rose by 5.3 percent to $500,000, according to CoreLogic.
CoreLogic monitors sales of condos and new homes, as well as sub-county data on home sales in cities, though these are subject to large fluctuations because the numbers are relatively small.
The number of condos sold in the county was 45 units, down 18.2 percent from 55 in July 2014. The median price for condos was $362,773, up 7.3 percent.
Sales of new homes increased by 33.3 percent in July, with 56 units sold, compared with 42 the previous year. The median price of new homes sold increased by 41 percent to $574,500.
Incomplete June data was also updated in the latest report. A total of 444 homes were sold in San Luis Obispo County that month, up 25 percent from the 354 sold in June 2014. The median home price in June was $515,000.