The south San Luis Obispo county cities of Grover Beach, Oceano, & Nipomo had a good deal of foreclosure activity in 2008. A total of 120 homes and condos sold in Grover Beach in 2008. 87 of those sold listings were single family homes . . .
There is a tremendous amount of interest in buying second homes in this market. Due to the financial and housing crisis, some are taking the opportunity to buy a vacation home on the central coast. Although, we have most certainly seen significant price reductions, foreclosure activity is relatively low in Pismo Beach, Arroyo Grande & Grover Beach compared to the nearby northern Santa Barbara communities of Santa Maria, Orcutt, & Lompoc.