Local

County's median home price continued drop in January

San Luis Obispo County home sales picked up in January compared to the same month a year ago, although sales fell from December 2009, according to DataQuick, a Southern California-based real estate information firm.

A total of 191 homes – including newly built, resale single-family detached and resale condominiums - sold in the county last month, a 29.1 percent increase from January 2009 when 148 sold.

January sales, however, dropped nearly 36 percent from the December 2009 total of 231 homes.

The all-home median price in January was $366,750, a 2.2 percent decrease from the $375,000 median price recorded in the same month a year ago. The all-home median in January fell nearly 6 percent from the December 2009 median, which stood at $390,000.

A total of 152 resale single-family homes sold in January, a 20.6 percent increase from the previous January when 126 sold. The number of resale single-family homes and the median price in January also fell compared to December. A total of 187 homes sold in December 2009 and the median price that month was $400,000.

New home sales also increased in January to 20, compared to only 10 in January 2009, a 100 percent jump. January’s figure was lower, however, than the 27 sold in December 2009. The median price for new homes in January was $352,500, a 7.2 decrease from $380,000 posted in the same month the previous year. It was also a 36 percent drop from the December 2009 median price of $556,600.

There were 19 condo sales in January, a 58.3 percent increase from January 2009 when 12 sold. A total of 17 condos sold in December 2009. The median sales price of condos also dipped to $227,000 in January, a 9.6 percent drop from the $251,000 median price in January 2009. Last month’s median sales price was also 2.1 percent lower than the $232,000 recorded in December 2009.

-Julie Lynem

  Comments