Many of our neighbors say they’d consider selling their high-priced homes in Los Gatos and Monte Sereno “… but where would we go?” Each month our market report will showcase a high-quality residential destination where weather, lifestyle, personal security, taxes, home prices and potential appreciation offer an alternative that’s worth your consideration. Some will be in California and others, out-of-state.
This month we feature San Luis Obispo in California’s Central Coast area. This active community of 47,400 offers abundant outdoor recreation, many exceptional wineries, great weather, proximity to the rest of the state, a world-class university, personal safety and – best of all – affordable real estate. According to the MLS, the average sale price of a single-family home, sold during the past 6 months, was $1,290,000 or about $660 per square foot. This is less than half the average price in Los Gatos and Monte Sereno over the same period.
San Luis Obispo County is also more affordable than comparable California wine-country destinations like Napa, Sonoma and Santa Barbara Counties. According to the National Association of Realtors, the first quarter 2022 median home price was highest in Napa County, with Santa Barbara and Sonoma County somewhat lower, and San Luis Obispo County lowest at only 89% of Napa prices.
Enjoy this video that highlights many of the recreational attractions in, and near, San Luis Obispo. This great video was provided as a courtesy by MedSpark LLC a leading biomedical engineering firm that is focused on developing medical product ideas throughout the world. San Luis Obispo is home to MedSpark and growing numbers of cutting-edge tech companies. It’s also a fact that Cal Poly is considered among the top engineering schools in California.
San Luis Obispo enjoys 286 days of sunshine each year. That’s more than any of Santa Barbara, Sonoma and Napa. SLO County, with more than 250 wineries, includes four distinct and respected wine regions: York Mountain, Arroyo Grande Valley, Edna Valley and Paso Robles. There are several great ocean beaches nearby within 10 to 15 miles.
The 10 largest cities in California are only an average of 215 miles from San Luis Obispo, so driving access is easy. The city has a very modern airport, as well, with 3 major airlines (United, American and Alaska) providing service to and from Dallas/Fort Worth, Denver, Phoenix, Portland, Los Angeles, San Diego, San Francisco and Seattle.
Look at these great examples of recent home sales, in and near San Luis Obispo
2015 square feet - $1,895,000 (Ocean View)
Edna Valley – Dream Estate
$3,000,000 (Wine Country)
Country Club Estate
3,472 square feet – $2,250,000 (Golf & Tennis)
Fully Restored - $1,700,000 (Walk to Downtown)
For great real estate advice, you couldn’t do better than to contact our friend,
REALTOR ®, LIC #01868098
Future reports will include profiles of other major cities like Seattle, Portland, Austin, Colorado Springs, Boise, Salt Lake City, Spokane and Tucson. We’ll also investigate some of the top-selling master planned communities in the country like Lakewood Ranch (Florida), Summerlin (Nevada), Cane Bay Plantation (South Carolina), Mission Ridge (Texas), RainDance (Colorado) and Great Park (California). Finally, we’ll do our very best to profile some of the smaller cities and towns in California that offer wonderful lifestyles including Del Mar, Indian Wells, Carmel, Larkspur, Laguna Woods and Pacific Grove.
Let us know if there’s a place you’d like to know more about. We’d love to hear from you.