Morro Bay, CA Real Estate News

By Sherry Peckhoon Sim, Broker/Owner, Covering the Beautiful Central Coast
(Sims & Company)
 Check out the following sites before you plan your next trip to Morro Bay:-  (1)  Morro Bay Chamber of Commerce Visitor's guide to lodging, dining, things to do, list of memberships.  (2)   Estero Bay Online Directory for Morro Bay  Online information for visitors to Morro Bay, lists of businesses & accommodations. (3)   Official Home of Morro Rock  Everything about the seaside village of Morro Bay  (4)   Morro Bay National Estuary Program  Information about the wetland system on California's south-central coast that is the habitat for many endangered species  (5)   "Poor Man's Pebble Beach"  Information about 6360 yards of tree lined fairways and ocean views  (6)   Morro Bay Winter Bird Festival  Photos, bird lists, registration information on the bird festival. (7)  Morro Bay State P...
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By Sherry Peckhoon Sim, Broker/Owner, Covering the Beautiful Central Coast
(Sims & Company)
  t   Morro Rock or El Morro or simply the Rock is Morro Bay's most prominent landmark.  You simply can't miss it.  The Rock looms large and clear regardless of which way you are headed.  It's located right in town, by the Embarcadero - formerly a wharf built by Franklin Riley in 1870 to export dairy and ranch products that were once the mainstay of livelihood in Morro Bay.  Today, this is the focal point for visitors to Morro Bay.  The Rock stands 176 meters tall, a volcanic plug composition right at the entrance to the Harbor and a causeway that connects it with the shore.  Public access to the Rock itself is prohibited as it is a reserve for the locally endangered peregrine falcon.  The Rock is also one of the series of the volcanic plugs that stretch in a line inland call the Nine S...
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By Abraham Chaffin, Cambria Real Estate
(Sand Shell Realty)
Morro Bay Area Market Survey Summary Listings as of 05/06/07 at 1:55pm Property Type  Residential    Property Subtype  SFR Stick Built   City  Morro Bay Statuses  Active, Contingent Active Listing Price Range  Quantity      Average DOM   $350,000 thru $399,999 3 114   $400,000 thru $449,999 6 142   $450,000 thru $499,999 5 50   $500,000 thru $549,999 5 90   $550,000 thru $599,999 4 202   $600,000 thru $649,999 5 49   $650,000 thru $699,999 6 93   $700,000 thru $749,999 6 135   $750,000 thru $799,999 4 32   $800,000 thru $849,999 2 37   $850,000 thru $899,999 1 10   $900,000 thru $949,999 1 39   $950,000 thru $999,999 3 117   $1,000,000 thru $1,249,999 5 161   $1,250,000 thru $1,499,999 4 300   $1,500,000 thru $1,749,999 8 748   $1,750,000 thru $1,999,999 2 172   $2,000,000 thru $2,249,...
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By Sherry Peckhoon Sim, Broker/Owner, Covering the Beautiful Central Coast
(Sims & Company)
                                     The skies will be in full color this weekend, April 28-29, 2007 when fun soars up high in the air - just the stage for the first Kite Festival in Morro Bay, CA.  Many fun activities have been planned - a parade, live demonstrations, kite hospital, displays, para-gliding, kite surfing.  For full details, check out the Morro Bay Chamber of Commerce's website or visit the Morro Bay Kite Festival's site.The event is sanctioned by the American KiteFliers Association whose members are sailing along                                                         as April happens to be the National Kite Month.                                          
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By Sherry Peckhoon Sim, Broker/Owner, Covering the Beautiful Central Coast
(Sims & Company)
  REVIEW OF SINGLE-FAMILY RESIDENTIAL SALES - MORRO BAY, CA JANUARY TO MARCH 2007 VS. JANUARY TO MARCH 2006 YEAR     # OF SALES              HIGH   LOW   MEDIAN   CDOM      AVERAGE    SALE PRICE        SP/LP%     2006 26 $1,790,000.00 $375,000.00 $685,000.00 71 $729,291.00 95.85% 2007 31 $1,600,000.00 $300,000.00 $595,000.00 154 $659,306.00 95.99% +/- 5     ($90,000.00) 83   0.14%                   19%     -13.14%       Presently, real estate activity in Morro Bay continues to be sluggish at best.  We were encouraged by the flurry of activity at the beginning of this year.  We saw more pending sales. For a short while, prices appeared to be stabilizing.  Now as we approach Spring, buying activity seems to have stalled. Let's take a look at the home sales for the first quarter of 2007.  ...
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