Business

Biz Buzz: SLO County home sales still sluggish

San Luis Obispo County home sales remained sluggish in November, but one bright spot was a trend toward rising prices, including a big jump in the median price for new homes.

Total sales declined in November year-over-year by 15.6 percent, according to Southern California-based real estate tracking firm DataQuick.

In November, 205 homes sold. During the same month last year, 243 homes sold.

In October, the sales of all homes topped out at 250.

The median sales price for all homes in November was $370,000, declining 7.5 percent from the same month one year ago. But in October, the median price of all homes was $362,500.

New home sales had the steepest decline. A total of 10 new homes were sold in November countywide, versus 21 in the same month of 2009, creating a year-over-year decline of 52.4 percent. In October, just eight new homes were sold in San Luis Obispo County.

The median sales price of a new home in November, however, increased to $628,750. During the same month last year, the median price of a new home was $438,500 — a year-over-year increase of 43.4 percent. In October, the median price for a new home was $420,000.

Sales of existing, single-family homes fell 13.3 percent. In November, 170 detached homes were sold. Last year during that same month, 196 homes were sold. A total of 213 single-family homes were sold in October.

The median for single-family detached homes was $380,000 in November, falling 8.3 percent from one year ago, when the price was $414,500. But in October, the median price was $366,000.

A total of 25 condominiums were sold in November, one below last year’s number of 26 for the same month. In October, 29 condos were sold.

The county median condo price in November was $214,000, down 25.8 percent from the same time one year ago, when the price of a resale condominium was $288,500. In October, the median price for a condo was $225,750.

— Stacy Daniel

Shopatron forms a partnership

Shopatron, a San Luis Obispo based e-commerce firm for branded manufacturers, and Twenga, a search engine that gathers information from online retailers and enables shoppers to find items at discounted prices, have joined forces.

Representatives of both firms believe the partnership will bring more shoppers and sales to Shopatron clients.

Twenga is a top 10 comparison search engine that displays results from a catalog that includes 280 million products and more than 130,000 merchants.

A pilot program is available to Shopatron clients in England. U.S. retailers will be integrated in 2011.

— Stacy Daniel

Got a buzz tip?E-mail: bizbuzz@thetribunenews.com; mail: Biz Buzz, The Tribune, P.O. Box 112, San Luis Obispo, CA 93406-0112.

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