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SLO County home sales, prices climbed in September

After several months of sales decline, the number of homes sold in San Luis Obispo County increased year-over-year in September, while the median home price continued to increase as well.

The total number of homes — including new homes, resale single-family homes and condos — increased 6.1 percent in September, to 328 units sold, compared with 309 units sold in the same month last year, 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 rose 2.4 percent year-over-year to $430,000. The median is the midpoint at which half of the houses sold for more and half for less.

California reported a similar trend in September — the total number of homes sold increased slightly at 0.8 percent year-over-year to 36,316 homes, while the price of those homes increased by 9.6 percent to $389,000.

In San Luis Obispo County, 74 percent of homes sold were resale single-family homes.

Sales volume in that category increased by 1.3 percent to 243 units sold in September, while the median price decreased by 0.2 percent to $460,000. 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 30.8 percent in September to 51 units sold, compared with 39 the year prior. The median price increased by 10.7 percent to $335,000.

Sales of new homes increased 13.3 percent to 34 units sold last month, and the median price increased by 5.5 percent to $422,500.

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