Central Coast Real Estate Archives - Page 21 of 28 - Santa Maria CA Real Estate Blog & Information, REALTOR® Selling Santa Maria CA Homes

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

Nipomo Homes Report – First Half of 2010

07/07/2010
Central Coast Real Estate

The average selling price in Nipomo for homes, PUDs and condos was $435,478 with 105 days on market and $219 per square foot paid. Looking at just single family homes during this same time period, the average was higher at $449,750 with 106 days on market and $224 per square foot paid. Average price for condos was $263,163 with 101 days on market and an average of $189 per square foot paid. Overall, sellers are receiving 97.8% of their asking price, and foreclosure sellers in Nipomo are receiving slightly over asking on average.

2009 Pismo Beach Real Estate and Foreclosure Market Update

01/31/2010
Central Coast Real Estate

Trying to beat the heat? Looking for a vacation home in Pismo Beach CA? It may be the right time to pick up a beach getaway on the central coast. The number of homes reported sold in Pismo Beach in 2009 was down 14% compared to 2008, and the average sales prices is also down 10%. The number of foreclosure sales (REOs) tripled from the previous year. In 2008, there were only 4 REO sales in Pismo Beach, and in 2009 there were 12 foreclosure sales.

2009 Grover Beach CA Real Estate & Foreclosure Market Update

01/22/2010
Central Coast Real Estate

Overall, Grover Beach is experiencing the same reduction in available homes for sales as other markets on the Central Coast of CA. Comparing December 2009 to December 2008 levels -- there were 115 units for sale in 2008, and this December there were only 82. Keep in mind, that buyers still experienced bidding wars for foreclosures in Grover Beach in 2008 -- and now there are even fewer homes for sale.

Santa Maria Airport Offers Direct Flight to Las Vegas

01/15/2010
Central Coast Real Estate, Local Interests / Events, Santa Maria

Those looking for a quick pleasure trip need look no further than our own Santa Maria airport for transportation to that get away of all get aways, Las Vegas. You don't have to go to Santa Barbara or Los Angeles for a direct flight anymore.

Santa Maria CA & Lompoc CA Foreclosure Buyers Can Choose Local Escrow Companies

12/09/2009
Central Coast Real Estate, Foreclosure / Bank Owned (REO) Info, Santa Maria

Finally! Those of you who read my blog recall my recent blog post on buying a foreclosure and not receiving your keys until the day after it closes. It appears that the Claifornia legislature has take a stab at the heart of the problem, which was the fact that buyers were not allwoed to pick their own excrow companies in these transactions. Banks would hire title and escrow companies to complete their foreclosure proceeding and when they turned around to sell the property as an REO, they would compel the buye to use that same title/escrow company to complete the purchase.

Santa Maria & Lompoc Buyers Betting on Appraisals to Save Them From Bidding Wars

11/20/2009
Buyer Info, Central Coast Real Estate, Foreclosure / Bank Owned (REO) Info, Lompoc / Vandenberg Village, Santa Maria

There is intense competition for homes in the Santa Maria and Lompoc markets, especially for homes priced under $300,000. There simply aren't enough homes for interested buyers. It is not unusual when competing for a home to go up against 12 - 15 other buyers. And, some are pulling no punches when it comes to asking price.