San Luis Obispo Real Estate
San Luis Obispo Real Estate
San Luis Obispo can be found on the central coast of California nestled between the Pacific Ocean 12 miles to the west and the beautiful Santa Lucia Mountains just a tad east. The Spaniards gave San Luis Obispo its name, which translates to mean St. Louis, the Bishop during its beginning as a mission in 1772 by Father Junipero Serra. This community is one of the oldest throughout the state of California with a rich history.
San Luis Obispo boasts a Mediterranean climate with temperature ranging from 38 degrees Fahrenheit for the low during winter months to 74 degrees Fahrenheit for the high during summer months.
Residents of San Luis Obispo not only enjoy the magnificent view of the snow capped mountains and the convenience of the Pacific Ocean only a few miles away, but they also enjoy the local attractions and activities. San Luis Obispo is home to 9 public parks which include Johnson Park, Santa Rosa Park, E.A. French Park, Sinsheimer Park, Meadow Park, Triangle Park, Smith Park, Throop Park, and Laguna Hills Park. Along with these well maintained parks residents enjoy 6 shopping centers, the Laguna Lake Municipal Golf Course, Dallidet Adobe, San Luis Obispo Historical Museum, and the Taylor Gymnasium.
The real estate market in San Luis Obispo offers many affordable homes for all lifestyles.
During July to September 2007 the market trends were:
1 bedroom – median sales price: $362,500
2 bedrooms – median sales price: $479,688
3 bedrooms – median sales price: $715,725
4 bedrooms – median sales price: $793,250
Homes selling in San Luis Obispo include PUD's, condo's, and single family dwellings. The average home price has seen a drop of around 5 to 10 percent from the same time period in 2005. The average home in San Luis Obispo County was selling for around $680,000 in August of 2007.
Estimated median household income in 2005:
| San Luis Obispo | $37,400 |
| California: | $53,629 |
Estimated median house/condo value in 2005:
| San Luis Obispo | $641,800 |
| California: | $477,700 |