SLO Median Price Rises
San Luis Obispo homes sold for a median price of $414,600 compared to around $391,000 in November and around $367,000 in December 2011.The figures for existing homes according to the California Association of Realtors show a rebound in prices here as well as much of California. The statewide median was $366,930 compared to $289,000 a year ago – a jump of 27%.
Sales were also up in SLO County,11% higher for the month and 11.3% year over year.
Santa Barbara’s median price climbed 41% year over year in December to $588,000.
Paso Robles Building Permits Boomed In 2012
Fueled by growth in dining and the wine and beer industries Paso Robles enjoyed a good year for building permit activity in 2012.
In 2012 the city permitted 40 new homes compared to just 18 in 2011. The total value of all permits was $30 million vs $9 million in 2011. Some 22 retail and dining permits were issued by the city vs 5 for all of 2011. There were 29 solar projects permitted in 2012 vs 5 for 2011. All figures courtesy Construction Monitor.
Permits include projects underway now including a 40,000sf expansion for the Firestone Walker Brewery for ITS bottling operation along Hwy 101.The permits includes an addition of 72 parking places for their new restaurant.
New in January is a permit to do tenant improvements for Artisan Restaurant in Paso Robles at 839 12th Ave valued at $800,000. NK Builders who are also the owners of the building are doing the work that includes a raised concrete dining patio encroaching on the walkway,the first eatery in town to do permanent street side dining along the sidewalk. The highly regarded Artisan Restaurant is currently at 1401 Park Ave in Paso Robles. NK Builders has constructed a 13,600sf half block building on 12th.