Morro Bay, CA

1. "Over Pricing Your Property:" Always be sure to look at my local area statistics so you can stay on top of what's happening in your area of the Central Coast.

Click to View my "Local Morro Bay Home Sales Statistics."

2. "Not Looking for Good Deals:" I have access to virtually all bank-owned homes (REOs) on the Central Coast. Call me and I'll put an REO specific property search together for you!

Or, Click to Search the Central Coast MLS for Homes and Land.

3. "Purchasing a Cheap Foreclosure:" While foreclosures can offer homebuyers big discounts, these homes sometimes come with a great deal of deferred maintenance in the form of repairs requiring thousands to correct.

4. "Not Using the Government's Home-buying Tax Credits:" Specifically, $6,500 for "move-up" buyers and $8,000 for first-time buyers.

5. "Avoid Short Sales:" Don't get involved with these unless there's only one recorded trust deed. If price really matters, concentrate on REOs (bank-owned homes); this is where the real bargains are in today's market.

Click to View my Article: "REOs vs. Short Sales, which is best?

Click for a Free/No Obligation Market Analysis of your Morro Bay home

Click to Visit My Website at SLOhomes4sale.com

Paul Pickering

Broker Associate, Bay Osos Brokers

CA DRE License #0997005

SEARCH ENGINE KEYWORDS

MORRO BAY HOME PRICES

MORRO BAY HOME VALUES

MORRO BAY HOMES FOR SALE

MORRO BAY HOME SEARCH

MORRO BAY HOMES

MORRO BAY MARKET ANALYSIS

MORRO BAY CONDOS FOR SALE
MORRO BAY REAL ESTATE FOR SALE
MORRO BAY REALTORS

2009 was a very challenging one for the Central Coast of California--especially as it applies to the number of foreclosures that dominated the market place.

In that regard, the total number of homes sold for specific areas of San Luis Obispo County for 2009 was 2,711.* Last year's total this time was 2,689; in comparison, market volume was up by one percent over 2008 but prices were down from the previous year by approximately 20 percent: the average price of a home for 2009 was $479,000; while ‘08's average price was $608,000.

The average number of days homes spent on the market for 2009 was 99. 2008's average was 110. The average list-to-sales-price ratio for 2009 was 95 percent. 2008's average-list-to-sale-price ratio was 94 percent. The average inventory of unsold homes for 2009 was 6.57 months. 2008's average was 7.37.

*Click to View my 2009 Year-end Home Sales Totals for Morro Bay

Click for a Free/No Obligation Market Analysis of your Morro Bay home

Click to Visit My Website at SLOhomes4sale.com

"Mr. Statistics" Paul Pickering

Broker Associate, Bay Osos Brokers

CA DRE License #0997005

SEARCH ENGINE KEYWORDS

MORRO BAY HOME PRICES

MORRO BAY HOME VALUES

MORRO BAY HOMES FOR SALE

MORRO BAY HOME SEARCH

MORRO BAY HOMES

MORRO BAY MARKET ANALYSIS

MORRO BAY CONDOS FOR SALE
MORRO BAY REAL ESTATE FOR SALE
MORRO BAY REALTORS

Interested in finding out what your Morro Bay home is currently worth? If so,

click for a Free/No Obligation Market Analysis of your Morro Bay home.

In the meantime, here are the latest sales numbers, averages prices, and number of days homes are currently spending on the market in your Central Coast Area!

All stats are derived from the Central Coast Multiple Listing Service and are subject to change & copyright law. Copyright 2009

Click to Visit My Website at SLOhomes4sale.com

"Mr. Statistics" Paul Pickering

Broker Associate, Bay Osos Brokers

CA DRE License #0997005

SEARCH ENGINE KEYWORDS

MORRO BAY HOME PRICES

MORRO BAY HOME VALUES

MORRO BAY HOMES FOR SALE

MORRO BAY HOME SEARCH

MORRO BAY HOMES

MORRO BAY MARKET ANALYSIS

MORRO BAY CONDOS FOR SALE
MORRO BAY REAL ESTATE FOR SALE
MORRO BAY REALTORS

If you are looking at a "short sale" home to purchase in Morro Bay, but the seller (or borrower) has a 1^st trust deed and a 2^nd, the likelihood of both lenders working out a solution is slim to none-particularly if a home's value has continued to diminish during the short sale process (typically 6 months or longer).

So you know, a successful short sale on a home with both a 1^st and 2^nd trust deed is entirely contingent on the 2^nd trust deed recouping a minimum of 10 percent on the current loan's balance. Furthermore, the actual close-of-escrow-ratio of homes being sold through a short sale process is less than one percent.

Don't confuse REOs or Foreclosures with Short Sales. For more information on the pitfalls of Short Sales,

Click to read my entire Short Sale Advisory

Click to View My Recent Home Sales Statistics or

Click to View My Website

If you are tired of putting offers in on homes offered as "short sales," only to see them fail, please contact me and I'll be glad to help you find the perfect non-short sale property.

"Your Local Buyer's Broker"

Paul Pickering, Broker Associate

Cell: 805 235 3221, or paul@slohomes4sale.com

Bay Osos Brokers, CA DRE license #00997005

KEY WORDS:

SAN LUIS OBISPO COUNTY SHORT SALES

MORRO BAY SHORT SALES

MORRO BAY BANK OWNED HOMES

MORRO BAY REAL ESTATE BROKER

MORRO BAY HOMES FOR SALE

MORRO BAY BUYERS BROKER/AGENT

Interested in finding out what your Morro Bay home is currently worth? If so,

click for a Free/No Obligation Market Analysis of your Morro Bay home.

In the meantime, here are the latest sales numbers, averages prices, and number of days homes are currently spending on the market in your Central Coast Area!

Current Year-to-Date Statistics in All Areas I have Clients . . .

All stats are for single family homes. *Stats for Paso Robles include those within city limits only.All stats are derived from the Central Coast Multiple Listing Service and are subject to change & copyright law. Copyright 2009

Click to Visit My Website at SLOhomes4sale.com

"Mr. Statistics" Paul Pickering

Broker Associate, Bay Osos Brokers

CA DRE License #0997005

SEARCH ENGINE KEYWORDS

MORRO BAY HOME PRICES

MORRO BAY HOME VALUES

MORRO BAY HOMES FOR SALE

MORRO BAY HOME SEARCH

MORRO BAY HOMES

MORRO BAY MARKET ANALYSIS

MORRO BAY CONDOS FOR SALE
MORRO BAY REAL ESTATE FOR SALE
MORRO BAY REALTORS