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 are currently 73 active home and condo listings on the Grover Beach market, with a median asking price of $350,000. Of those 73 listings, 8 are short sales (sometimes referred to as pre-foreclosures) and 5 are REOs (bank owned properties).