Cayucos, CA 93430 housing market

What this means

• Valuation. Prices are 17% above what local incomes have historically supported (this area's pre-2020 price-to-income ratio).
• Prices. Home values are up 0.8% over the past year (U.S.: +1.2%), but still 4% below their 2022-23 peak.
• Supply. Listings are 28% below the 2017-19 norm and rising (+12% vs. a year ago): still a tight market.
• Negotiating. Buyer leverage is moderate (62/100; U.S.: 54): homes sell for about 4.6% below their final list price; 18% of listings had a price cut (U.S.: 26%).
• Affordability. A mortgage on the typical home takes 101% of the median household income (U.S.: 35%); it takes about $301k a year to keep the payment at 30% of gross pay. That includes about $1,518 a year for home insurance (U.S.: $1,790).
• Disaster risk. FEMA expects about $290 a year in natural-disaster damage per $100k of building value (U.S.: $155), mostly from flooding. Flood isn't covered by standard homeowners insurance.
• Outlook. Leaning up: likely −5% to +11% over the next 12 months (74% chance of a rise).

Next 12 months

Leaning up

Prices are more likely to rise than fall over the next year. Likely change: −5.3% to +11.0% (80% range; middle estimate +4.0%), chance of a rise 74%, of a 5%+ drop 10%.

HouseVane's model, refit every month on local market signals and national ones, trained only on data known at the time. How accurate it has been.

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