Review of Home Sales & Prices in Los Osos, CA
By Sherry Peckhoon Sim, Broker/Owner, Covering the Beautiful Central Coast
(Sims & Company)
JANUARY-DECEMBER 2008 VERSUS JANUARY-DECEMBER 2007 LOS OSOS SALES AVG.DOM HIGH LOW MEDIAN 2007 124 125 $2,100,000.00 $225,000.00 $471,000.00 2008 103 129 $1,750,000.00 $110,500.00 $435,000.00 2008/2007 -21 4 ($350,000.00) ($114,500.00) ($36,000.00) % DIFF. -17% 3% -8% For January-December 2008, Los Osos saw a drop of 17% in sales of stick-built single-family homes when compared to the same period in 2007. The number of stick-built single-family homes sold fell from 124 in 2007 to 103 in 2008. At the same time, sellers took more time - an additional four days based on an average marketing time of 129 days to sell their properties in 2008 compared to a year ago. The median home price decreased by 8% from $471,000 in 2007 to $435,000 in 2008. The decrease is not sur...
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