Foreclosure / Bank Owned (REO) Info Archives - Page 3 of 5 - Santa Maria CA Real Estate Blog & Information, REALTOR® Selling Santa Maria CA Homes

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 – 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

2009 Orcutt CA Real Estate & Foreclosure Market Update

01/29/2010
Foreclosure / Bank Owned (REO) Info, Santa Maria

There were a total of 509 homes and condos sold in 2009 in the Orcutt area. Included in these figures are homes in the 93455 zip code which includes some homes and condos in Santa Maria that are south of Betteravia. 439 of the sales were single family homes and 70 were condos/PUDs. The average list price was $339,181, and the average sales price was $332,989 at $182 per square foot with73 days on market. For condos and PUDs, the average list price was $185,185, and average sales price was $179,203 at $132 per square foot with 89 days on the market.

2009 Lompoc CA and Vandenberg Village CA Real Estate & Foreclosure Market Update

01/27/2010
Foreclosure / Bank Owned (REO) Info, Lompoc / Vandenberg Village

There were 360 single family homes sold in the Lompoc and Vandenberg Village in 2009. This excludes manufactured home sales. This figure is down approximately 10% from the 401 homes/condos that were reported sold in 2008. Of the 360 homes/condos sold in 2009, 305 were single gamily detached homes, and 55 were attached/condo dwellings. 217 of the sales were foreclosures (REOs) and 50 were short sales.

Santa Maria – Orcutt 2009 Real Estate & Foreclosure Market Update

01/14/2010
Foreclosure / Bank Owned (REO) Info, Santa Maria, Short Sale Info

1275 single family homes sold in Santa Maria and Orcutt in 2009. This excludes PUDs, condos, and manufactured homes. This figure is slightly higher than the 1230 homes which sold last year. 175 condos and PUDs sold during the same period in 2009; compared to 130 units in 2008. So, overall the number of sales in Santa Maria and Orcutt is up.

People’s Self Help Housing Holds Seminar in Santa Maria

01/02/2010
Foreclosure / Bank Owned (REO) Info, Local Interests / Events

The Santa Maria Times reports that People's Self Help Housing is offering a seminar to help homeowners who are trying to prevent foreclosure. People's Self Help Housing is a HUD approved counseling agency. They have offices in San Luis Obispos and Santa Barbara and serve, SB, SLO, and Ventura counties.

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.