Latest Figures Show New Home Sales Increase in San Luis Obispo, Prices Drop
Posted on: Dec 06, 2013 07:42:32 AM
There was a rise in closings of new homes in the San Luis Obispo, CA market in September year-over-year, and the increase was greater than August 2013. New home closings moved from 4 a year earlier to 24 after the figure moved from 5 in August 2012 to 24 in August 2013.
A total of 205 new homes were sold during the 12 months that ended in September, up from 185 for the year that ended in August.
New home closings were 24 of the 321 total closings, up on a percentage basis from 4 of 313 a year earlier. For new and existing homes, closings increased year-over-year in September after also increasing in August year-over-year.
The average value of newly sold homes in September 2013 was $393,750, down from last year's $562,500. This was on the heels of a 23.8% drop in August from a year earlier.
Other Market Trends
The share of new home closings made up by attached units has risen while the share belonging to single-family homes has fallen.