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Certified Military Housing Specialist Military Relocation Professional

Snapshot 2010: Nipomo Foreclosures

There are 189 active and pending homes and condos in Nipomo. Of those 189 properties, 16 are foreclosures (8%) and 34 are short sales (17.9%). Looking back six months, there have been 122 sales in Nipomo with an average listing price of $440,781 and an average selling price of $429,203, so sellers are getting about 97.3% of their asking prices in Nipomo indicating that there is some bargaining room for buyers in the Nipomo real estate market.
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Snapshot – 2010 Grover Beach Foreclosure Market

Grover Beach, California foreclosure activity: There are 88 active and pending homes and condos in the city of Grover Beach. Of those 88 properties, 9 homes are foreclosures (10.2%) and 27 are short sales (30.6%). Looking back six months, there have been 72 sales in Grover Beach with an average listing price of $346,140 and an average selling price of $338,940.
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2010 Snapshot – Arroyo Grande Foreclosure Market

Arroyo Grande, California foreclosure activity: There are 233 active and pending homes and condos in the city of Arroyo Grande. Of those 233 properties, 28 homes are foreclosures (12%) and 45 are short sales (19.3%). Looking back six months, there have been 153 sales in Arroyo Grande with an average listing price of $559, 854 and an average selling price of $534,838, so sellers are getting about 95.5% of their asking prices in Arroyo Grande indicating that there is some bargaining room for buyers in the Arroyo Grande market.
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2010 Snapshot – Pismo Beach Foreclosure Market

Pismo Beach, California foreclosure activity: There are 139 active and pending homes and condos in Pismo Beach currently. Of those 139 properties, 9 homes are foreclosures and 12 are short sales. Looking back six months, there have been 35 sales in Pismo Beach with an average listing price of $671,239, and an avergae selling price of $616,669, so sellers are getting about 91.8% of their asking prices in Pismo Beach
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Nipomo Homes Report – First Half of 2010

The average selling price in Nipomo for homes, PUDs and condos was $435,478 with 105 days on market and $219 per square foot paid. Looking at just single family homes during this same time period, the average was higher at $449,750 with 106 days on market and $224 per square foot paid. Average price for condos was $263,163 with 101 days on market and an average of $189 per square foot paid. Overall, sellers are receiving 97.8% of their asking price, and foreclosure sellers in Nipomo are receiving slightly over asking on average.
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2009 Pismo Beach Real Estate and Foreclosure Market Update

Trying to beat the heat? Looking for a vacation home in Pismo Beach CA? It may be the right time to pick up a beach getaway on the central coast. The number of homes reported sold in Pismo Beach in 2009 was down 14% compared to 2008, and the average sales prices is also down 10%. The number of foreclosure sales (REOs) tripled from the previous year. In 2008, there were only 4 REO sales in Pismo Beach, and in 2009 there were 12 foreclosure sales.
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2009 Grover Beach CA Real Estate & Foreclosure Market Update

Overall, Grover Beach is experiencing the same reduction in available homes for sales as other markets on the Central Coast of CA. Comparing December 2009 to December 2008 levels -- there were 115 units for sale in 2008, and this December there were only 82. Keep in mind, that buyers still experienced bidding wars for foreclosures in Grover Beach in 2008 -- and now there are even fewer homes for sale.
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