REVIEW OF THE PAST 5-YEAR PRICE / SALE TRENDS
CAMBRIA
|
YEAR |
Sales |
|
Median |
|
Avg. CDOM |
|
High |
Low |
Avg. SP/LP |
|
|
|
|
|
|
|
|
|
|
|
|
2003 |
196 |
|
$526,500 |
|
92 |
|
$3,500,000 |
$250,000 |
97% |
|
2004 |
177 |
-10% |
$642,000 |
22% |
90 |
-2% |
$2,195,000 |
$308,000 |
97% |
|
2005 |
181 |
2% |
$699,000 |
9% |
102 |
13% |
$3,150,000 |
$399,000 |
97% |
|
2006 |
132 |
-27% |
$708,500 |
1% |
112 |
10% |
$5,000,000 |
$370,000 |
96% |
|
2007 |
105 |
-20% |
$700,000 |
-1% |
155 |
38% |
$4,250,000 |
$375,000 |
95% |
Along the North Coast in San Luis Obispo County, Cambria probably saw the least decline in the median home prices of single-family residences. Homeowners of these properties could be said to have been mildly affected by the 1% drop in the median home prices last year, when compared to the same period a year ago. Like the neighboring towns, real estate sales in Cambria were not spared - only 105 single-family residences sold in 2007- a 20% decline when compared to 2006, and the average marketing time needed increased from 90 days in 2004 to 155 days at the end of 2007.
**Avg. CDOM - average cumulative days on the market ** +/- (%) Difference in %
**Avg. SP/LP - average selling price vs. listed price ** Median - refers to median home prices
***Information collated from the Central Coast MLS, deemed correct but not guaranteed.
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Senior Real Estate Specialist & E-Pro whose motto is 'Service Above Self'. Covering Cayucos, Cambria, Morro Bay, Los Osos and San Luis Obispo, and most of San Luis Obispo County, California.
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