The Future Of San Luis Obispo Housing

The Future Of San Luis Obispo Housing

There will be a Central Coast housing Market Shift in the next coming 20 years. As baby boomers and their echo boomer children become homeowners, they will significantly effect the housing market. Echo Boomer children will make up approximately 65 million people born between 1981-1995. This will create a demographic challenge and opportunity.

The aging baby boomer population will swell the nation's senior population by 30 Million over the next 20 years. Typically people over the age of 65 are releasing more housing than they are absorbing, this demographic shift will help to increase the supply of housing. Currently we have a lack of affordable housing available for them to buy. With the economic downturn home construction was halted for over 7 years, creating a deficit in housing currently. With interest rates at record lows and banks wanting to lend money, buyers are competing for purchases on available homes on the market.

Generation Y, the Millennial Generation, Generation Next, Millennials, Net Generation or Echo Boomers. Whatever you want to call the world’s largest collection of twenty and thirty-somethings, they are coming to a town near you.

"A Realtor that knows homes." Traci Ferguson 805-235-6396 traci@traciferguson.com http://www.traciferguson.com License #01875751, ecoBroker #16082

San Luis Obispo Home Market Analysis... What's my home worth?

San Luis Obispo Home Market Analysis... What's my home worth?

The housing prices have begun to eek up as low inventory and eager buyers flood the market looking to buy in these times of low interest rates. With this great opportunity to get top dollar for your home, how do you really know what your home is worth?

The easiest way to get a price range is to call your local San Luis Obsipo realtor (Traci Ferguson) and ask for a Comparable Market Analysis (CMA). Many people don't know that I have had education in doing market analysis for homes, much like an appraiser would do, for homes in the San Luis area. You could get a formal appraisal done for $400-600 dollars, but your results will be very close to what I can get for you in my research, for free.

What I do is search for sold homes that are similar to your home that have sold in and around your area with similar amenities, condition and qualities. These comparable homes are analyzed and only the homes that fit as a close match will be used to help me give you a range of where to price your home to get the best possible sales price.

With that information you can decide if now is the best time to put your home on the market. It's a wonderful tool to keep you informed and educated on the biggest investment you make in your life... your home!

Get educated with me and I will get you top dollar!

"A Realtor that knows homes." Traci Ferguson 805-235-6396 traci@traciferguson.com http://www.traciferguson.com License #01875751, ecoBroker #16082

San Luis Obispo Housing Market Is On Fire

San Luis Obispo Housing Market Is On Fire!

If you are even thinking about selling your home, NOW is a phenomenal time to do that. 
Let me tell you why...


Recently I have been working with buyers in my business and the lack of homes available for home buyers to buy have been very low. Historically during the Spring/ Summer months San Luis Obispo Real Estate market has the majority of available listings for sale. We also see an increase in buyers during this time as the weather gets better and buyers begin to purchase.

Well...we have yet to see this increase of homes on the market. This lack of homes available to buy has created bidding wars on homes that are on the market. I recently have worked with 2 buyers who wanted to make offers on homes, that just came available to buy, where we were not the first offer but the 11th or the 9th offer on the property. The offers were not only close to the listed asking price but sometimes well over the asking price if the home was in great condition.

The extremely low interest rates coupled with prices being at affordable prices are prompting investors and first time home buyers to making the plunge into making a purchase now. I believe we are feeling the "bottom" of the market in our city and the time to act is now.

If you are considering putting your home up for sale, take the first step and learn what your home is currently worth. Call or email me today to get a complete Comparative Market Analysis (CMA) into your homes value. It could be worth more than you think!

"A Realtor that knows homes." Traci Ferguson 805-235-6396 traci@traciferguson.com http://www.traciferguson.com License #01875751, ecoBroker #16082