Los Alamos, CA

Los Alamos CA Real Estate 2010 Market Update*

It's the beginning of a new year, so many people are waiting anxiously to hear how many homes and condos were sold in Los Alamos, California last year, what the average sale price was, and how it compared to 2009.  Here you go:

2010	2009
18 Los Alamos CA Homes*	14 Los Alamos CA Homes
Average Sales Price $349,056	Average Sales Price $364,107
139 Days on Market	115 Days on Market
$188 per square foot	$210 per square foot
2 Los Alamos CA Foreclosures	4 Los Alamos CA Foreclosures
10 Los Alamos CA Short Sales	6 Los Alamos CA Short Sales
1 Los Alamos CA Condo	2 Los Alamos CA Condos, PUDS
Average Sales Price $145,900	Sales Price $272,500
99 Days on Market	134 Days on Market
$116 per square foot	$187 per square foot
1 Los Alamos CA Foreclosure	0 Los Alamos CA Foreclosures
0 Los Alamos CA Short Sales	1 Los Alamos CA Short Sale

• $6.25 million sale of 308 acres on Alisos Canyon Rd excluded from stats presented.  Based on the information from the Central Coast Regional MLS. The Association, the Multiple Listing Service, nor Mint Properties guarantees or is in any way responsible for its accuracy. Data maintained by the Association or its MLS may not reflect all real estate activity in the real estate market.

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Other Market Reports:

2010 Santa Maria Real Estate Market 2010 Update
2010 Orcutt Real Estate Market 2010 Update
2010 Lompoc Real Estate Market Update
2010 Arroyo Grande Real Estate 2010 Market Update
2010 Avila Beach Real Estate 2010 Market Update
2010 Nipomo Real Estate 2010 Market Update
2010 Buellton Real Estate Market Update
2010 Pismo Beach Real Estate Market Update
2010 Grover Beach Real Estate Market Update

 

There were 16 home and condo sales in Los Alamos, CA in 2009. Sales are down from the 20 homes that were sold in 2008. Overall, average prices are also down from 2008, when the average sale price was $417,000. In 2009, the average sales price was $353,000 with 117 days on market at $208 per square foot. Days on market are up as the 2008 average days on market was 95. Price per square foot was about the same as 2008, when it was $209, so only $1 less per foot in 2009. The least expensive sale was a 3 bedroom, 2 bath home built in 1974 on a .23 acre lot (a short sale) which sold for $237,500 in April 2009. The most expensive sale was a REO property (foreclosure), a 4 bedroom, 2 bath, 2100 sq. ft. home on Foxen Lane built in 2007 which sold for $500,000 in June 2009.

Looking at the foreclosure market in 2008, 70% or 14 of the 20 sales were bank owned properties or short sale - 12 REOs and 2 short sales. In 2009, that figure is about the same with 11 out of 16 sales being foreclosures or pre-foreclosures. However, there was a slight decrease in REOs (only 4) and increase in short sales (7 total). In 2009, average price of foreclosed homes in Los Alamos was $375,000 with 43 days on market at $207 per square foot. And, the average price of short sales in Los Alamos was slightly lower at $340,000 with 193 days on market and $196 per square foot.

Tni LeBlanc, JD, M.A., e-PRO
Broker/Owner, Mint Properties
(805) 878-9879, tni@MintProp.com
www.MintProp.com
www.iLovetheCentralCoast.com
www.SellMyCentralCoastHome.com
www.CentralCoastRealEstateSearch.com

*Based on the information from the Central Coast Regional MLS. Neither the Association, the Multiple Listing Service, or Mint Properties guarantees or is in any way responsible for its accuracy. Data maintained by the Association or its MLS may not reflect all real estate activity in the market.

A total of 20 homes were reported sold in Los Alamos CA in 2008. Sold listings averaged approximately 95 days on market, 1950 square feet, and $209 per square foot. The lowest resale was a ranch style bank owned home built in 2000 on almost a quarter acre which sold for $310,000. The highest sale was a new solar powered home on Foxen Lane which sold for $620,000. The average price of sold homes was about $417,000. Of the 20 homes that sold, 12 were bank owned (REO) listings, and 2 were closed short sales. So, 70% of the sales were foreclosure related, making this market foreclosure driven, in my opinion. Currently, there are 13 active listings, 5 are short sales and 2 are REOs.

If you would like a list of foreclosures or other active listings in the Los Alamos, California area, send an email request to me at tni@MintProp.com, or search for properties on my websites: www.CentralCoastRealEstateSearch.com, or try a map search at www.iLovetheCentralCoast.com. If you are interested in selling your Los Alamos CA home, send an email request to me at www.SellMyCentralCoastHome.com, and I will tell you how to take advantage of today's market conditions.

Tni LeBlanc, JD, M.A., e-PRO
Broker/Owner, Mint Properties
(805) 878-9879, tni@MintProp.com
www.iLovetheCentralCoast.com
www.SellMyCentralCoastHome.com
www.CentralCoastRealEstateSearch.com

*Based on the information from the Central Coast Regional MLS. Neither the Association, the Multiple Listing Service, or Mint Properties guarantees or is in any way responsible for its accuracy. Data maintained by the Association or its MLS may not reflect all real estate activity in the market.