What are San Luis Obispo Home Values in 2019?
In San Luis Obispo the median home value has gone up 7.2% over the past year (2018) to $738,500. The median price per square foot in SLO is $427. The other northern and southern county average is $372 per square foot (metro areas of Paso and Arroyo Grande). The median price of homes currently listed in San Luis Obispo is $754,450, while the median price of homes that sold is $709,300. Median rent prices of homes in San Luis Obispo is higher also at $2850. Other areas in SLO county average out to a median of price of $2,500 per month rent. Mortgage delinquency is down also at 0.3%. The national average is 1.1%.
Generally US home values have fallen by more than 20% nationally from their 2007 peak and 2011 trough. As a result, many homeowners are now underwater on their mortgages as they owe more than their home is worth. San Luis Obispo homeowners that are underwater on their mortgage, stands at 3.1%; lower than the north and south county statistic of 3.2%.
Overall, San Luis Obispo home market values have kept their worth and our economy remains strong, especially in comparison nationally. Please consider coming to one of the best places on earth, and allow me to assist you in buying or selling your San Luis Obispo real estate, homes, condos, mobile homes, vineyards, ocean view / ocean front homes, lots and land. Contact Monique by email or phone for information on our area. She has decades of experience in our local real estate market and will give you her undivided, and full, personal attention to list or purchase your next property in this very desirable central coast area.
Stay tuned for the next update on our February - March Housing Market 2109