Home Buying in Morro Bay>Question Details

Karen Snow B…, Home Buyer in 22903

Hello, We are in the process of relocating to Morro Bay. What is the best time of year to buy a house there?

Asked by Karen Snow Bosserman, 22903 Sat Apr 25, 2009

--In your opinion has MB "hit the bottom" of the market?
--We live back east where we were able to sell out home in 6 weeks...we wonder if we should buy now or wait...

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Answers

5
Every area in the country is different because local conditions can affect the market significantly. Morro Bay is a great area. Its located about 50 miles from the Santa Ynez Valley. This area is part of the Central Coast MLS and I have access to that information but you will get your best service from someone who lives in the community and works specifically in that area. If you would like a referral, please contact me at Marlene@MacbethRealEstate.com and I would be happy to send you some information on a local agent I have worked with in the past. She is a full time, long term agent with great followup. FYI on our local area - our lower end market is moving quickly and we are getting multiple offers on properties. The higher ranges are still struggling a bit but showings and activity are increasing especially as we move into the spring/summer season. Good Luck - the Central Coast is a great place to live.

Marlene Macbeth, e-PRO, GRI
Toll Free: 800-300-7977
1 vote Thank Flag Link Sat Apr 25, 2009
No one know for sure if we are are the bottom of the market. Although it feels close... If you need a loan interest rates are really low so you may want to take that into consideration as well.

take care
0 votes Thank Flag Link Tue Jul 14, 2009
How lucky you are to be moving to the Central Coast! I am a native of San Luis Obispo and lived in Morro Bay during my college years. Being a Central Coast native gives me a true appreciation of all that the local lifestyle represents. I bring this enthusiasm to everything I do.

This is the busiest season for the real estate market - people come as tourist and decide that they want to have a second home, retire or just move here permanently.

A home here is a wise investment as our market tends to be more stable than others nationwide. We lack the dependency on large industry or manufacturing so the population and resource remain consistent.

I am a Realtor and would be delighted to assist you. My reputation and future success depends on providing my clients with exceptional service and professionalism. When looking for a partner to find the ideal home or to sell your property, remember my name and call me, knowing that I am here to serve.
Web Reference: http://www.rebeccasccl.com
0 votes Thank Flag Link Tue Jun 30, 2009
The best time to buy is a soon as you see a house you want! They go quickly, especially it they are good value. I am looking to move too. I live in San Luis Obispo and am looking there and in Morro Bay. It seems as soon as a Fabulous house goes on the market it isn't long before it is gone.

I first started looking in January. All those houses are sold now. So, you can't really look to far ahead of time from when you are going to be able to make an offer.

Just my personal, average person opinion. =)
0 votes Thank Flag Link Sun Jun 7, 2009
Hi Karen:

The central coast area hasn't been as affected by the sub-prime mortgage crisis as have other areas in California and although we have had price reductions due to the general economic malaise we are now seeing that prices are stabilising and much more buyer interest, especially as interest rates at between
4.5% and 5.00% are the lowest we have seen for many years. There is a good selection of homes available in all price ranges so now really is the time to buy and start enjoying the wonderful life style offered by Morro Bay.

Nick Hall
Coldwell Banker Liberty Realty
(805) 458-4544
0 votes Thank Flag Link Sun Apr 26, 2009
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