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Low Inventory | The Keenan Carter Group, Keller Williams Realty CC Blog

Wednesday, February 24, 2021   /   by Monique 'Moey' Nichols

MARKET UPDATE: January 2021 Real Estate Recap

Market Update





Weekly San Luis Obispo County Numbers are in, as well as the California Association of Realtors January 2021 Report and First American Title Company's Central Coast January 2021 Recap.



Tight inventory is making 2021 a great year to list a home! It's important to remember that the housing market today is not the same as the housing market during the 'Bubble Years'. Lower mortgage rates and rising incomes correspond with higher house prices, strong demand and low inventory.

Winter months tend to show slowing in the Real Estate industry year over year. Mortgage rates are beginning to inch up, however the FEDs have indicated they don't intend to raise the National rate anytime soon. For buyers, NOW is the time to take advantage of these historical low rates while they last!

Despite possible improvement on the supply side of the market as we approach the Spring Selling Season, upward pressure on prices are continuing to build up. With current inve ...

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  real estate, keenan carter group, keller williams, central coast, home buyer, san luis obispo county, selling a home, realtor, real estate agent, real estate market, sellers market, low interest rates, low inventory, housing affordability, real estate market update, housing market update

Wednesday, January 27, 2021   /   by Monique 'Moey' Nichols

MARKET UPDATE: Home Prices, Home Sales and Interest Rates, OH MY!

Market Update





San Luis Obispo County hasn't seen much change with New Listings hitting the market in comparison to the previous couple weeks. We did see a nearly 13% increase in properties going Pending. With more than 15% less properties sold this past week, the uptick of escrows opened, and no influx of inventory hitting the market, we're still very much in a Seller's Market.

















A swell of buyers are looking to enter the market, keeping demand firm amidst the continued historically low interest rates. By the 4th quarter this year, experts are forecasting that refinance volume will decrease, largely because many will have already refinanced due to these low rates.




















In 2020, median listing prices grew 13.3%, according to Realtor.com. Experts forecast prices will stay on this upward track.
































Even if home prices rise as forecasted, that w ...

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  real estate, keenan carter group, keller williams, central coast, home buyer, san luis obispo county, selling a home, realtor, california, low interest rates, real estate market, sellers market, low inventory, real estate market update, housing market update, mortgage rates, cost of housing in california, market update, housing economy, home report, housing update, real estate projections, economy, home sales projections

Monday, December 28, 2020   /   by Monique 'Moey' Nichols

Did You Outgrow Your Home In 2020?

It may seem hard to imagine that the home you’re in today – whether it’s your starter home or just one you’ve fallen in love with along the way – might not be your forever home.
Many needs have changed in 2020, and it’s okay to admit if your house no longer fits your lifestyle. If you’re now working remotely, facilitating virtual school, trying to exercise at home, or simply just spending more time in your own four walls, you may be bursting at the seams in your current house.
According to the latest Home Price Insights from CoreLogic, prices have appreciated 7.3% year-over-year. At the same time, the National Association of Realtors (NAR) reports that inventory has dropped 22% from one year ago.These two statistics are directly related to one another. As inventory has decreased and demand has increased, prices have been driven up.
This is great news if you own a home and you&rsqu. ...

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  real estate, keenan carter group, keller williams, central coast, home buyer, san luis obispo county, selling a home, home ownership, real estate agent, time to sell your home, housing affordability, low inventory, move up buyers, reasons to sell your home, stop renting, outgrow your home, time to upgrade home, homes with more space

Thursday, December 3, 2020   /   by Monique 'Moey' Nichols

MARKET UPDATE: Inventory Crisis?

Market Update






We've seen greater than a 50% drop in inventory since mid-October.
With so few homes on the market, buyers have been grasping at straws.
Interest rates are still hovering at an all time low. With an upcoming shift in Presidency and so much uncertainty with Covid-19 cases surging, home buyers want to take advantage of the low rates while they last.




























REAL TIME MARKET NUMBERS












PISMO BEACH STATS
ARROYO GRANDE STATS
GROVER BEACH STATS
OCEANO STATS
AVILA BEACH STATS
SAN LUIS OBISPO STATS
NIPOMO STATS








ATASCADERO STATS
TEMPLETON STATS
PASO ROBLES STATS
MORRO BAY STATS
CAMBRIA STATS
CAYUCOS STATS
LOS OSOS STATS





















Fewer new sellers coming to the market while a greater than usual number of buyers continue to search for a home causes inventory to continue to evaporate. Historically, six m ...

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The Keenan Carter Group
Richard Keenan And Narlene Carter Keenan
350 James Way, Ste 130
Pismo Beach, CA 93449
805-773-7711
Keller Williams Realty Central Coast DRE# 02005015
The Keenan Carter Group DRE# 00860187
Each Office is Independently Owned and Operated.

Based on information from California Regional Multiple Listing Service, Inc. as of July 27, 2021. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
Information is provided exclusively for consumers’ personal use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable, but is not guaranteed accurate by the MLS.
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