Santa Maria Real Estate Blog, Author at Santa Maria CA Real Estate Blog & Information, REALTOR® Selling Santa Maria CA Homes

Short Sale Flipping Information

09/29/2010
Seller Info, Short Sale Info

The California Department of Real Estate issued a warning in March 2010 against the practice of short sale flipping when the short sale lender is unaware that they are being presented with an under market bid for the home. Short

2010 Snapshot: Lompoc Foreclosures

09/28/2010
Foreclosure / Bank Owned (REO) Info, Lompoc / Vandenberg Village

Lompoc California foreclosure activity: There are 213 active and pending homes and condos in Lompoc currently. Of those 213 properties, 49 homes and condos are foreclosures and 80 are short sales. So, 60% of Lompoc inventory is either a bank owned property or a distress sale. The median asking price for an actively listed home is $245,000 with 68 days on market; for condos the median is $135,000 with 49 days on market. Looking back six months, there have been 227 sales in Lompoc with an average listing price of $235,353, and an average selling price of $234,060, so sellers are getting about 99.4% of their asking prices in Lompoc indicating that there is not much bargaining room for buyers in this market.

2010 Snapshot – Orcutt Foreclosure Market Update

09/27/2010
Foreclosure / Bank Owned (REO) Info, Santa Maria

There are 295 active and pending homes and condos in the Orcutt zip code of 93455. Of those 295 properties, 41 homes are foreclosures (13.8%) and 113 are short sales (38.3%). So currently, over 50% of the Orcutt market is either a bank owned property or a short sale. Average asking price overall was $337,392, asking prices for foreclosures was significantly lower at $256,678, and for short sales it was $269,678.

Snapshot – 2010 Grover Beach Foreclosure Market

09/26/2010
Central Coast Real Estate, Foreclosure / Bank Owned (REO) Info

Grover Beach, California foreclosure activity: There are 88 active and pending homes and condos in the city of Grover Beach. Of those 88 properties, 9 homes are foreclosures (10.2%) and 27 are short sales (30.6%). Looking back six months, there have been 72 sales in Grover Beach with an average listing price of $346,140 and an average selling price of $338,940.

2010 Snapshot – Arroyo Grande Foreclosure Market

09/25/2010
Central Coast Real Estate

Arroyo Grande, California foreclosure activity: There are 233 active and pending homes and condos in the city of Arroyo Grande. Of those 233 properties, 28 homes are foreclosures (12%) and 45 are short sales (19.3%). Looking back six months, there have been 153 sales in Arroyo Grande with an average listing price of $559, 854 and an average selling price of $534,838, so sellers are getting about 95.5% of their asking prices in Arroyo Grande indicating that there is some bargaining room for buyers in the Arroyo Grande market.

2010 Snapshot – Pismo Beach Foreclosure Market

09/24/2010
Central Coast Real Estate, Foreclosure / Bank Owned (REO) Info

Pismo Beach, California foreclosure activity: There are 139 active and pending homes and condos in Pismo Beach currently. Of those 139 properties, 9 homes are foreclosures and 12 are short sales. Looking back six months, there have been 35 sales in Pismo Beach with an average listing price of $671,239, and an avergae selling price of $616,669, so sellers are getting about 91.8% of their asking prices in Pismo Beach

Oysters at Avila Beach, Anyone?

08/30/2010
Avila Beach, Local Interests / Events

One of our favorite things to do is to pile the dogs into the car and drive up the coast to Avila Beach and grab some oysters. There are some local spots on the pier or in town where you could get them at a restaurant, but we prefer to buy to buy our own

Central City Market – A Welcome Addition to the Santa Maria Restaurant Scene

08/15/2010
Local Interests / Events

Have you checked out Central City Market in Santa Maria Town Center mall yet? If you head to the Macy's annex and look directly across from the new location for Gina's Piece of Cake you will make a delightful discovery. Central City market is part deli, part gourmet grocery, and it fills a much needed void for the local wine and food enthusiast (i.e. food snob). The items included in their inventory have been thoughtfully selected and are displayed in a manner that will draw you in rather than overwhelm you with excess