Nipomo Real Estate 2010 Market Update*
It's the beginning of a new year, so many people are waiting anxiously to hear how many homes and condos were sold in Nipomo last year, what the average sale price was, and how it compared to 2009.
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.
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.
Nipomo 2008 Market Update & MLS Listing Search
A total of 190 homes and condos sold in Nipomo in 2008. 63 were REOs (bank owned homes) and 15 were short sales. So, one third of the closed sales were foreclosures and 7% were pre-foreclosure listings. Average square footage…
Nipomo Delays Water Decision Making Due to Blacklake Residents' Concerns
According to the Adobe Press, Blacklake residents turned out in great numbers to the Nipomo Community Services District ("NCSD") meeting in response to a proposed plan which would require an equitable contribution of $1672 from each Blacklake homeowner in order…
Free Nipomo Property Search
There are tremendous opportunities in the Nipomo real estate market right now. Get away from the hustle and bustle and buy a home on land in an area that still has a small town feel. Bookmark and search for Nipomo…
Nipomo & Oceano Real Estate Market Update
My last Nipomo real estate market update was on May 14, 2007. There were 201 active listings; there are now 210 active listings. Forty-four homes are currently under contract. In the last 30 days, 13 homes sold, 45 homes were…
Nipomo & Oceano Real Estate Market Update
It is a bright and sunny day here in Santa Maria. I spent the morning meeting with about eight local loan officers. Things are really starting to buzz again. They were all exceedingly busy! It's great to see. Now onto…
