San Luis Obispo County's luxury real estate market reflects a mix of stability and evolving trends. While closed sales countywide decreased by 21.5% compared to October, the average sale price saw only a minor dip of 1.2%, holding steady at just over $1 million.
Cities like Avila Beach and Nipomo experienced price growth, with Avila Beach showing an impressive 18.9% increase in average sale price, reaching over $1.1 million. Inventory remains tight in high-demand areas, with active listings down by 3.1% month-over-month, creating unique opportunities for luxury sellers to capitalize on motivated buyers.
For high-net-worth buyers, emerging trends like Nipomo's 9.8% price increase and Morro Bay's 13.6% rise signal strong potential for investment. Stay informed and leverage these insights to make confident real estate decisions.
View complete market stats for November 2024
