Morro Bay, CA Foreclosures
How much do homes sell for in Morro Bay, CA?
The average home price is currently $988,171.
In Morro Bay, CA, how many homes are available?
There are currently 1 active home listings available in Morro Bay.
What’s the average rental cost in Morro Bay, CA?
The average rental price in Morro Bay is $2,506.
What is the most expensive home in Morro Bay?
The most expensive home sold in Morro Bay had a price of $25,832,804.
What is currently the cheapest priced home in Morro Bay, CA?
The cheapest home for sale in Morro Bay is priced at $22,124.
Living in Morro Bay, CA
Morro Bay, CA is a picturesque coastal community known for its breathtaking natural beauty and outdoor recreation opportunities. With its bustling harbor, stunning views of Morro Rock, and charming local shops and restaurants, this town offers a relaxed lifestyle by the sea. Enjoy a variety of water sports, visit local parks, and partake in community events year-round.
Current Market Conditions in Morro Bay, CA
The real estate market in Morro Bay has shown resilience over the past few years, maintaining stable home prices amidst fluctuations in broader market trends. The demand for coastal homes remains strong due to the area's allure, attracting both buyers looking for vacation homes and permanent residences. The market is characterized by a mix of single-family homes, beachfront properties, and condos, appealing to diverse buyer preferences.
In recent months, Morro Bay has experienced a slight uptick in home sales, driven by low inventory and sustained interest from buyers seeking a serene coastal lifestyle. Though the average days on market has increased slightly, properties in prime locations, particularly those with ocean views, continue to see competitive offers.
Home Value Estimator For Morro Bay, CA
There are currently 5,348 real estate properties
in Morro Bay, CA,
with a median automated valuation model (AVM) price
of $889,183.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Morro Bay, CA, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Morro Bay, CA,
is $988,171.00, with the most expensive house
in Morro Bay, CA, topping out
at $25,832,804.00 and the cheapest home
in Morro Bay, CA,
clocking in at $22,124.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Morro Bay, CA!
Rent Prices
In Morro Bay, CA
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Morro Bay, CA, is on
a rollercoaster ride. The
average rent price in Morro Bay, CA,
is $2,506.00. Indeed, when looking to rent in
Morro Bay, CA, you can expect to pay as little
as $1,340.00 or as much
as $3,870.00,
with the average rent median estimated to
be $2,380.00. The good news is that finding
an affordable and desirable property to rent in Morro Bay, CA
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
