I've heard the "the million $$ plus market is doing pretty good" claim again so I thought I'd do a quick check to see if that's the case.

Arroyo Grande has 65 homes $1M+ that are active with 4 Solds in the the last 30 days. This equals over 16 months of inventory.

Nipomo has 28 active listings and 1 Sold = 28 months of inventory.

Pismo Beach has 52 actives with 3 solds = 17 months of inventory.

San Luis Obispo has 35 actives with 6 solds = less than 6 months of inventory.

Cambria has 18 actives with 2 solds = 9 months of inventory.

Paso Robles has 36 actives with 2 solds = 18 months of inventory.

So...the only city where the Million Dollar homes are selling is in San Luis Obispo. Most everywhere else it's bad news for home sellers.