$699K  
Nipomo is a city that is growing faster than others in California at a 10-year growth rate of 27.1%. It also has a larger than average population of 16,714 people. Homes in Nipomo are of moderate age with a median age of 23 years. The best school in the city is Nipomo High School.
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$999K  
In this week's report, the number of homes sold in the Nipomo market slid to 12 over the past 30 days, a decrease of 7.7% from last week's report, but still above the monthly average. In comparison, nearby San Luis Obispo had 32 sales in the same time frame, the most of all neighboring cities. Prices were able to find a top with the average selling price rising to $557,500, a six-month high.
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$939K  
Sales fell to 13 homes sold over the last 30 days in the Nipomo market. Sellers can expect less competition, however, due to a three-week downward trend in homes coming into the market, now down to 18 for the same period. There are four months of inventory remaining in Nipomo, and the market is swinging toward the buyer, especially since the median sales price dropped to $435,000 this week.
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$999K  
A record 16 homes were sold in the Nipomo market over the last 30 days, which is a new high going back to August. This is a 33.3% spike and comes on top of an extended three-week steady increase in sales activity. When comparing other close-by municipalities within the same period, the most came from San Luis Obispo with 41 sales. At the same time that sales reached a top, months of inventory fell to three, its lowest point since August. The higher trending sales numbers and the relatively small amount of inventory drive home the fact that Nipomo is a seller's market.
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$699K  
Over the last 30 days, the Nipomo market got good news with 11 homes sold. It marks a 10.0% increase from last week's report, while also topping the average sales volume for the prior 12 months. To put it in perspective, close-by San Luis Obispo registered 35 homes sold in the same time frame, the most of all surrounding cities. There are four months of inventory remaining in the market, and that will likely remain the case as the median sales price climbed to $470,000 this week.
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$989K  
The Nipomo market is starting to look more attractive. While sales came in at 10 homes sold over the last 30 days, price reductions are the highest they've been in three months, with 22 reported over the same period. When comparing other close-by municipalities within the same period, the most came from San Luis Obispo with 38 price reductions. The median sales price climbed to $454,950, and there are a fairly average four months of inventory left to be sold.
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$849K  
The number of home sales in the Nipomo market climbed 16.7% to seven homes over the last 30 days. In comparison, nearby San Luis Obispo had 48 sales in the same time frame, the most of all neighboring cities. The median sales price dropped to $429,000 over the latest reporting period for Nipomo, down from $442,500.
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$699K  
Nipomo is a small city in California, and is affluent with a median income of $64,241 per household. It's older than the rest of the state, with a median age of 36. Keep in mind, most people in Nipomo own their homes, with a 67.7% ownership ratio. The best school in the city is Nipomo High School.
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$599K  
There were six homes sold in the Nipomo market over the last 30 days on top of a record 17 contracts executed. It is the most since July and could be a sign that the market may strengthen. During the same time frame, San Luis Obispo had the most contracts executed of any other neighboring municipalities with 40. The median sales price in Nipomo stayed put this week at $442,500. Nipomo is a definite buyer's market, thanks to a big seven months of inventory to choose from and the flat sales.
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$184K  
A six-week rough patch for the overall sales trend continues in the Nipomo market, with the number of sales staying even at six over the last 30 days. All indications show that the trend may be coming to an end, meaning more sales over the next few weeks. Potential buyers should note that prices are coming down in Nipomo, and for this period the median sales price slid from $557,000 to $442,500. With a downward trend in sales numbers and eight months of inventory still left to work through, Nipomo is a strong buyer's market.
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