Regional Home Sales Stabilized in February

Central Coastal Inventories Fell to Five-year Lows Arroyo Grande, CA – March 14, 2017— February home sales rose slightly from January lows as new listings failed to keep pace with demand and inventories of homes for sale in California’s Central Coastal counties fell to five-year lows.  Supplies in the Ventura region increased marginally from record lows in December as sellers took advantage of higher prices and shorter days on market.... Read More

January Regional Home Sales Open 2017 on Upbeat

Inventories Trail 2016 Despite New Listings Arroyo Grande, CA – February 16, 2017— January home sales in the Central Coastal and Ventura regions opened the new year on a strong note as sales topped last January’s totals. As demand picked up in what is traditionally the slowest month of the year for sales, new listings struggled to replenish depleted inventories of homes for sale. Annualized sales rose 12.5 percent in... Read More

December Central Coastal Home Sales Ended 2016 Quietly

Prices Soared to New Regional Record Arroyo Grande, CA – January 23, 2017— December home prices ended the year by setting a Central Coastal regional record even though sales quieted down after rising 25 to 30 percent Central Coastal and Ventura Regions in February.  In the Central Coastal counties the year closed with median prices 9.8 percent higher than they were in December 2915 and 3.3 percent higher in the... Read More

Central Coastal Home Sales Soared in November Despite Shrinking Inventories

Regional Fall Sales Enjoy Late Season Boost   Arroyo Grande, CA – December 19, 2016— November home sales in Central Coastal and Ventura Regions rose 25 to 30 percent above 2015 levels as buyers took advantage of historically low interest rates before they shot up over 4 percent following the election.  Despite inventories of homes for sale at yearly lows, the combination of strong demand and short supplies kept prices... Read More

Central Coastal Home Prices Consolidate Gains as Sales Fall to Seasonal Levels

October Sales Decline in San Luis Obispo and Ventura Counties as Santa Barbara County Enjoys Late Season Expansion  Arroyo Grande, CA – November 16, 2016— October home sales fell across Central Costal housing markets by 6.5 percent and are slightly below levels of a year ago, but prices remain above 2015 levels as they consolidate gains realized in the spring and summer months. Sales and prices declined in San Luis... Read More

Home Sales Slowed in Central Coastal Counties in September

Prices Remain Above 2015 Levels in San Luis Obispo, Santa Barbara and Ventura Counties   Arroyo Grande, CA – October 20, 2016— With the end of the summer home sales season, September home unit sales fell a modest 4.1 percent in California’s Central Coastal Counties and remained close to levels of a year ago.  The total dollar volume of sales remained 6.5 percent above September 2015 totals.  The market demand... Read More

Central Coast Home Sales and Prices End the Summer Solidly Above 2015 Levels

Sales fell in San Luis Obispo County and Rose in Santa Barbara County   Arroyo Grande, CA – September 20, 2015— Home sales and prices in California’s Central Coast Region settled down in August following record growth earlier in the season.  Sales and prices were stronger in Santa Barbara County than in San Luis Obispo County, where sales in July set a five-year record. Both home sales and prices ended... Read More

July Home Sales and Prices Slow Down in Central Coastal Counties but Ventura Regional Sales Hit New Highs

Arroyo Grande, CA – August 15, 2016— Home sales and prices slowed in California’s Central Coastal Region in July as markets recovered from four straight months of  record growth. However, sales and prices in the Ventura region continued to rise, reaching peak levels and exceeding year-over-year levels by double-digit margins for the second month in a row. Closed sales in the two-county Central Coastal Region fell 7.4 percent from June... Read More

June Home Sales and Prices Break Central Coast and Ventura Regional Records

Sales Rise Over Four Straight Months  Arroyo Grande, CA – July 14, 2015— June home sales and prices reached record levels in California’s Ventura and Central Coastal Regions as demand continued to respond to low interest rates and fresh inventories of homes for sale.  Through the first half of 2016, sales in both regions exceed 2015 levels by double-digit margins. Homes throughout both regions continue to sell at near-record rates... Read More

May Home Sales and Prices Break Records Across Central Coastal and Ventura Regions Demand Remains Strong for Third Straight Month

Demand Remains Strong for Third Straight Month Arroyo Grande, CA – June 17, 2015—May home prices rose to five-year peaks in the Central Coastal counties of San Luis Obispo and Santa Barbara while home sales soared nearly 15 percent and set a new record for the Ventura region, according to the latest market analysis from CENTURY 21 Hometown Realty. For the third straight month, strong demand drove up sales and... Read More