Santa Maria Real Estate Blog & Information

What does the average home in Arroyo Grande cost?

11/12/2010
Central Coast Real Estate

What does the average home in Arroyo Grande cost? In the past 30 days, home buyers in Arroyo Grande have paid $640,476 for a home in Arroyo Grande, and an average of $235 per square foot. Sold properties averaged 66 days on market.

Central Coast Real Estate: 5 Reasons You Shouldn’t Buy a Home in an HOA development

11/11/2010
Buyer Info, Central Coast Real Estate

You don’t like mowing your lawn. If you like for nature to take its course with your front lawn, you may not like the experience of living in an HOA community. You may get letters and/or fines for trying to get back to nature.

Orcutt Homes – Cobblestone Creek Update

11/10/2010
Neighborhood Updates, Orcutt, Santa Maria

Cobblestone Creek is community of newer homes for sale in Orcutt; it is near Stillwell Road and the Clark Avenue exit off Highway 101. Most of the homes were sold new during the height of the housing boom, so many if not most of the current and recent sales in the development are foreclosures or distress sales.

What Happens if the Short Sale Does Not Appraise?

11/09/2010
Seller Info, Short Sale Info

It depends. This is definitely a difficult situation for both the buyer and the seller, usually because appraisals are not ordered and completed until after the short sale approval has been received. Typically, the parties wait for weeks, if not months for the short sale approval, and once received the buyer begins their inspections and their lender orders the appraisal.

Pismo Beach Luxury Foreclosure Real Estate Update

11/08/2010
Buyer Info, Central Coast Real Estate, Foreclosure / Bank Owned (REO) Info, Market Trends, Pismo Beach

Looking at the luxury real estate market in Pismo Beach, there are currently 52 homes and condos priced above $700,000 with an average list price of about $1,289,000 and 180 days on market, and a median asking price of $1,062,500. Average asking price is about $550 per square foot. Looking at the Pismo Beach luxury foreclosure market, there was one active luxury foreclosure listing and there were no available short sales in Pismo Beach. There are two contingent short sales, and one pending foreclosure (REO) sale.

How to Buy Foreclosures in Santa Maria – What Type of Offers do the Banks Want?

11/07/2010
Foreclosure / Bank Owned (REO) Info, Santa Maria

Cash Offers. Banks love cash offers. Why? Because they can close quickly and without any requests for repairs from a buyer. What is the down side to a cash offer from a bank’s point of view? Cash offers tend to be lower than financed offers.

Santa Maria Homes – Traditions at Bradley Square Update

11/06/2010
Neighborhood Updates, Santa Maria

The Traditions at Bradley Square is community of newer homes for sale in southeast Santa Maria; it is near much of the new shopping in south Santa Maria (Best Buy, Home Depot, TJ Maxx) and it is also adjacent to the award winning Rotary Centennial Park.

A Visit to the Lompoc Museum

11/05/2010
Local Interests / Events, Lompoc / Vandenberg Village

It is located at 200 S. H Street in Old Town Lompoc and housed in a building constructed with funds from the Andrew Carnegie endowment. The building itself is a thing of beauty, (for people that love houses – like me!) built in the Classic Revival style, it has a both a stately appearance and elegant charm.