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SLO County home sales, median price rise again in September

Both the number of home sales — and the overall median home price — in San Luis Obispo County rose again in September from a year ago.

The total number of homes sold — including new homes, resale single-family homes and condos — was 398, up 14.4 percent in September over the same month a year ago when 348 units were sold, according to Irvine-based data company CoreLogic.

The overall median home price rose 15.3 percent to $495,000 in September from $429,500 in the year-earlier period. It was also higher than the $470,000 price recorded in August.

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 425,030 units in September, up 6.9 percent from the year-earlier period.

The association also reported the median price of a resale single-family detached home was $482,150 in September, 4.3 percent higher than the revised $462,380 recorded in September 2014.

In San Luis Obispo County, 76.6 percent of total sales were resale single-family homes, according to CoreLogic.

Resale single-family home sales increased 16.4 percent to 305 units sold in September, while their median price rose by 11.4 percent to $510,000, 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 54 units, up 3.8 percent from 52 in September 2014. The median price for condos was $403,250, up 20.4 percent from the year-earlier period.

Sales of new homes increased by 14.7 percent in September, with 39 units sold, compared with 34 the previous year. The median price of new homes sold increased by 31.4 percent year over year to $555,000.

Danielle Ames: 805-781-7902

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