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

Buying Bank Owned Homes (REOs) in the Santa Maria CA & Orcutt CA Market – Should I Use FHA/VA or Conventional Financing?

02/01/2009
Foreclosure / Bank Owned (REO) Info, Santa Maria

When the bidding gets competitive, buyers are often left to wonder how asset managers make their decisions about which offer to choose. If you have 15 offers how do you select one over the other? The obvious selection would be based on the net to the lender, but there are other factors. In particular, time and time again, I see FHA buyers assed over in this market for buyers using conventional financing. That is not to say that FHA financing is not being used -- it is.

2008 Los Alamos CA Year End Real Estate Update & MLS Home Listing Search

01/31/2009
Los Alamos / Tepusquet

A total of 20 homes were reported sold in Los Alamos CA in 2008. Sold listings averaged approximately 95 days on market, 1950 square feet, and $209 per square feet. The lowest resale was a ranch style bank owned home built in 2000 on almost a quarter acre which sold for $310,000. The highest sale was a new solar powered home on Foxen Lane which sold for $620,000.

Grover Beach CA 2008 Market Update & Free MLS Listing Search

01/30/2009
Central Coast Real Estate

The south San Luis Obispo county cities of Grover Beach, Oceano, & Nipomo had a good deal of foreclosure activity in 2008. A total of 120 homes and condos sold in Grover Beach in 2008. 87 of those sold listings were single family homes . . .

Nipomo 2008 Market Update & MLS Listing Search

01/29/2009
Central Coast Real Estate

A total of 190 homes and condos sold in Nipomo in 2008. 63 were REOs (bank owned homes) and 15 were short sales. So, one third of the closed sales were foreclosures and 7% were pre-foreclosure listings. Average square footage…

Luxury Townhomes in Santa Maria – Orcutt CA – The Villas at La Ventana & Somerset Gardens

01/14/2009
Santa Maria

Both the Villas at La Ventana and Somerset Gardens townhomes were built by a well respected local builder, Inland Pacific, who is currently finishing the Pacific Crest development in the Westgate Ranch area. The townhome floor plans offered in each community are virtually identical. There are three basic floor plans in each. These upscale townhomes offer no maintenance patios, gas fireplaces, and two car garages. The standard features in these communities were very generous, so even units that were not upgraded with granite countertops and the works still have a very elegant feeling.

Pismo Beach & Shell Beach CA 2008 Market Update & MLS Search

01/13/2009
Central Coast Real Estate

A total of 82 single family homes and 15 condos sold in Pismo Beach and Shell Beach in 2008. The average list price of homes sold was $990,900 and average selling price was about $895,000 The average list price of sold condos in the area was $622,620 and average sellng price was was $586,000. Listings that sold were on the market an average of 112 days. Average price per square foot for Pismo Beach and Shell Beach condos was $399, and average price per square foot of sold homes was $458.

Should I Make an Offer on a Central Coast Short Sale Property?

01/12/2009
Central Coast Real Estate, Short Sale Info

Short sales are popping up all over the Central Coast of CA due to the recent housing boom/bust. Many buyers are interested in these properties because they offer the possibility of today's prices with less competition from other buyers.

Santa Maria – Orcutt CA 2008 Market Update & MLS Search

01/10/2009
Santa Maria

A total of 1230 single family homes sold in Santa Maria CA and Orcutt CA in 2008.