According to a report at SanLuisObispo.com, a project coined the Margarita Area Specific Plan has run into trouble, and much of the planning to add approximately 868 homes to the City of San Luis Obispo has been postponed.

The area of land, off of Prado Road in San Luis is owned by a group of developers that have been planning the project for about 10 years.

The problems aced by the project, including foreclosure, lack of interest, and planning red-tape, are problems that every developer is facing. The demand for San Luis housing in recent years has not been kind to projects of this type.

Welcome to San Luis Real Estate Buzz! This site will be a site dedicated to the inner workings of the real estate industry in San Luis Obispo County.

Our county is a unique microcosm of California Living. We are interconnected with the two largest metropolitan areas in California. Yet we are separated by an expanse of beautiful coastal land which gives us a unique and privileged living experience. It is within the context of this privileged living experience that we hope to report on.

Whether you are a first time home buyer, an experienced coastal dweller, or a Real Estate professional, we hope to entertain your mind with what is going on with the San Luis Real Estate Industry!

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