Paul & Pam's Home News/May 2012

More of the same:    Sales "Up" Inventory "Down"     As was the case for March, April sales volume continued to be up as much as 16 percent after comparing the last two 12-month periods.      The total number of homes sold for all areas thus far for 2012 is 778. Last year's total this time was 681. The current average price is $441,427 and median for the same areas is $376,500.  Both the average and median prices are up from last month's numbers.    The average number of days homes are spending on the market is 110; This figure for 2011 was 108. Days on Market is determined by the time a home goes onto the MLS and when it goes into escrow and is noted as a "pending sale."   Lastly, the average "list-to-sale-price ratio" remains 96 percent; for 2011 this ratio was also 96 percent. This statistic is the difference between what a home is listed for versus what it actually sells for. Finally, the current average inventory of unsold homes is 4.16 months; last month it was 4.20; and for 2011 it was 4.66.  The latest inventory number is at an all-time low.      What are the current trends?     As was stated last month, "well-priced entry level homes continue to be snatched up by first-time buyers and investors alike."  This price range is also expanding from the low $300,000s to the mid and upper $300,000s.    Properties in the middle and upper price ranges are also selling-- providing they've been priced correctly.   Special Note:  If you want to "test" the market by over pricing your property for more than what the local data suggests, your home will sit on the market while you help to sell your competition.       Interested in the latest market data for your area of the Central Coast? . . . just click to View the latest "Year-to-date" Sales Stats by Area

Sellers:  Want an idea of your home's value?   Just click for a Free CMA  then, enter & send your home's basic data, and you'll have a"comparative market analysis" or CMA in no time!   Or, click to Search all Comparable Homes  Just fill in all of your home's particulars and location, hit "search," and you'll be viewing all the current/comparable listings on the MLS.     Buyers:  You can now freely search the entire MLS on our website! There's no annoying contact data to leave so search to your heart's content!      Just click to Search Local Homes , fill in the particulars and location of the type of home you are looking for, hit search, and you soon may be looking at the perfect home!       Looking for the latest Bank-Owned home, Short Sale, or specialty property?   Simply click to "Get the Latest Listings by Email" and specify the type of home, price range, and area. You'll soon be receiving all the latest corresponding listings the minute they go onto the MLS!           Congratulations to . . .   Don & Doris Williams on the close of escrow on their view home on 16th St. in Los Osos.  Congratulations also to John Letham whose Los Osos view home we just listed just went into escrow--  and who now has his replacement property also in escrow.    Congratulations also to long-time college friends, Roger and Kelly Thulin who've found the perfect acreage property in Atascadero-- also with a stunning view of the Santa Lucia Mountain Range.     We look forward to working with all of you over the next few weeks to close these all-important transactions!       Interest Rates . . .     Rates continue to be held down artificially by the Fed--  who continues to suggest that this trend will continue until 2014.  We'll have to wait and see on that one . . . .       Click to View the Latest Interest Rates     May Close-of-Escrow Anniversaries . . .     Bart Rachel & Simon Kovesdi & Kats Scheid, 5/31/00; Mark & Sandra Bocchicchio, 5/22/07.  Please let us know if you need a current market analysis of your home.      Our Latest/Well-Priced Listing (now in ESCROW!) . . .     Paul has just listed another 3 bedroom/ 2.5 bath, 1900 sqft. view home located close to the Elfin Forrest in Los Osos at 1213 13th St.  It's also on an over-sized lot (75 ft. front) so there's even room for a large RV.  The house is listed for $339,900.     If you'd like to check out this view home, simply click on this link.    Meanwhile, our well-priced view home listed in the Village of Arroyo Grande with 180 degree coastline and partial ocean views is still available.  This home really has it all:  location, views, and square footage.    If you are looking for a view home in this scenic and quaint part of Arroyo Grande, give me a call or click this link to view 243 Larchmont Dr.  We hope to have this home open this Saturday between 11:00 am and 2:00 pm.  Please come by for a personal tour!     Pickering Update . . .   Finally, Paul and I celebrated our 11th wedding anniversary a little early this year by visiting our favorite "City by the Bay" and rooting the San Francisco Giants on during their home stand with both the Miami Marlins and Milwaukee Brewers.  It couldn't have been any more romantic-- especially for a couple of baseball fans . . . .    Until next time, please have a wonderful month of May & don't forget mom on Mother's Day!       Editor-in-Chief,  Pam         p.s. if you know someone who needs to buy or sell a home, please have them contact us.  We'll be happy to help.     "Thanks to all of those who continue to refer their friends and family!"        Paul & Pam Pickering Broker Associate & Licensed Assistant, Bay Osos Brokers, CA RE Lic. 997005  &  1886831     Paul's Cell:   805 235 3221   Pam's Cell:  235 7892   Website:  SLOhomes4sale.com   Email:   paul@slohomes4sale.com   Proud Supporters of the SLO Food Bank Coalition   Friend us on Facebook via link below!        May Photo-of-the-Month:  Pam pointing to one of the many knock-off Kung Fu Panda hats at Fisherman's Wharf on our recent trip to "The City" by the Bay. Check out our Face Book pages for more photos from our trip!    Pam Pickering, Editor & Photographer *E-Newsletter & Scenic Coast MLS statistics copyright 2012© SLO County Recorder's Office is an additional statistics source

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