Home Sales Improved Slightly in Nipomo
By Sherry Peckhoon Sim, Broker/Owner, Covering the Beautiful Central Coast
(Sims & Company)
REVIEW OF HOME SALES & MEDIAN HOME PRICES ON STICK-BUILT SINGLE-FAMILY HOMES IN NIPOMO (UNDER $1M) JANUARY-JUNE 2008 VS. JANUARY-JUNE 2007 NIPOMO SALES AVG.DOM HIGH LOW MEDIAN 2007 80 143 $996,855.00 $360,000.00 $565,000.00 2008 85 133 $900,000.00 $246,000.00 $499,900.00 2008/2007 5 -10 ($65,100.00) % DIFFERENCE 6% -7% -12% The above statistics showed that Nipomo, like Grover Beach and Pismo Beach saw a decline of 12% in the median home price. In the first half of 2008, the median home price was $499,900. That declined by $65,100 from $565,000 a year ago. At the same time, overall home sale prices also fell to $246,000 at the low end, and up to $900,000 at the high end. Unlike many of her counter-parts in San Luis Obispo County, Nipomo enjoyed a...
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