Number of Properties for Sale in Santa Maria, CA in 2009.The average price for a home in Santa Maria and Orcutt edged up only slightly from $250,000 in December 2008 to $252,000 in December 2009, reflecting the fact that the market appears to be stabilizing. Also, the average price for condos has gone up significantly from $120,000 to $168,500. A large influx of foreclosed homes has been predicted since March 2009, but they have not appeared in the marketplace. The number of homes for sale has continued to march downward as depicted by the graph above. There just still aren’t enough homes on the market in Santa Maria and Orcutt.
From December 2008, the number of homes for sale is down 56%, from 865 to 384 properties offered for sale. Keep in mind that we still had bidding wars in 2008. Average days on market is also down from 85 to 47. Overall, due to interest rates and the first time home buyer credit, it is an excellent time to buy. Our local market in Santa Maria and Orcutt is competitive though and buyers should be prepared for a bit of hurry up and wait to find the perfect home. If you are interested in buying or selling and need a Realtor in Santa Maria, call me today at (805) 878-9879. I will be happy to provide even more information to you about the Santa Maria and Orcutt market at our initial consultation.
*Based on the information from the Central Coast Regional MLS. Neither the Association, the Multiple Listing Service, or Mint Properties guarantees or is in any way responsible for its accuracy. Data maintained by the Association or its MLS may not reflect all real estate activity in the market.
In July 2006, Mint Properties opened an office in the Mission Creek Plaza on Santa Maria Way. Tni’s stated aim is to offer the highest quality representation and professional service to her clients. Independence affords her the ability to avoid a volume driven approach; the result is prompt, reliable, individualized service coupled with straightforward advice. Indeed, she brings the same level of professionalism to real estate as she did to the law.
Wondering what the cheap foreclosure homes sell for in Santa Maria? Last month, the average foreclosure property in Santa Maria sold for $210,630, and for over its list price by nearly 2%. But, how much for the cheap ones you ask? There wer 30 homes that sold, and the cheapest was a 2 bedroom one bath fixer on West Mill which sold for $90,350. After that the cheapest foreclosure sold in Santa Maria was 3 bedroom one bath home on East Las Flores (near Hancock College) which sold for $109,900.*
Although not a gated community, Las Brisas offers a private setting for those who desire relative seclusion. There are two entrances into Las Brisas and the streets curve into an artful collection of cul-de-sacs and private parks. Importantly, there are no thoroughfares so traffic cannot cut through the community. The location of the community is convenient for those who are commuting as you are only a short skip to Highway 101's Santa Maria Way exit/onramp. One story and two story plans between 1100 square feet and 1800 square feet are offered with concrete tile roofs and two car garages. The lots are smaller with some exception here and there; but you definitely have enough room to keep Fido happy without having to spend your entire Saturday on yard work.
