Central Coastal Home Sales Declined Again in July

High Prices Make Homes Unaffordable and Fail to Attract Sellers in San Luis Obispo and Santa Barbara Counties Arroyo Grande, CA – August 18, 2017,─ The drought of homes for sale in San Luis Obispo and Santa Barbara Counties last month drove up prices to record levels, making homes less affordable and limiting choices for buyers.  Sales responded by falling significantly below levels of a year ago for the second... Read More

Central Coastal Homes Sell at Record Pace as Supply Shortage Continues

June Prices Remained Strong, but Sales Declined in San Luis Obispo and Santa Barbara Counties Arroyo Grande, CA – June 18, 2017─ Homes flew off the shelves in San Luis Obispo and Santa Barbara Counties last month as demand remained strong despite rising prices and chronically low inventories of homes for sale that are so serious they depressed sales in California’s Central Coastal Region, according to the June Central Coastal... Read More

May Home Sales Improved as New Listings Reduced Inventory Deficits in California’s Central Coastal Counties

 Homes Continue to Sell at Near-record Pace Arroyo Grande, CA – June 20. 2017─ Home sales rebounded in California's Central Coastal Counties last month as inventories slowly improve across the three-county region.  As home sellers responded to rising spring prices, sellers gobbled up homes within two or three weeks in most markets, reversing the Apri sales slump.  A wave of new listings in San Luis Obispo and Ventura Counties help to... Read More

The Villas At Bella Terra

Welcome to "​The Villas at Bella Terra"​ in beautiful Nipomo, San Luis Obispo County, California. The Villas at Bella Terra​ 16 new single-family homes are ​located at 783. W. Tefft Street, just one mile west of U.S. 101 and convenient to Nipomo shopping centers, banks, parks, and restaurants. Matt Owens Construction is the builder for the development. Original development of this housing project began in 2006, but development was halted... Read More

Record Prices and Low Inventories Reduced April Home Sales

 Homes are Selling Twice as Fast in Central Coastal Counties   Arroyo Grande, CA – May 24, 2017—Record home pries coupled with chronically low inventories of homes for sale contributed to curtailing home sales in California’s Central Coastal Counties in April.  Despite difficult conditions for home buyers, demand remained strong and properties sold in a median of 20 days or less in San Luis Obispo, Santa Barbara, and Ventura Counties—about... Read More

Low Inventories Create Ideal Sellers’ Market

Homes Sell Faster Despite Lower Sales in Central Coastal Counties Arroyo Grande, CA – April 17, 2017—New listings picked up in California’s Central Coastal Region in March but not enough to fill the deficit of homes for sale as the spring home buying season opened. Throughout the region, homes are selling 5 to 10 percent faster than they were a year ago, creating ideal conditions for sellers planning to list... Read More

Century 21 Hometown Realty wins top award out of 7,000 franchises

  Century 21 Hometown Realty has received the 2016 Art Bartlett 2100 Cup Award, which is given by Century 21 each year to a company that demonstrates the highest level of leadership, customer service and professionalism. Pictured here are Hometown Realty executives, left to right, Chris Gallagher, chief financial and IT officer; Amy Gallagher, broker of record; and Jack Hardy, president and CEO.   Century 21 Hometown Realty has received... Read More

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