Orcutt CA homes Archives - Page 2 of 4 - Santa Maria CA Real Estate Blog & Information, REALTOR® Selling Santa Maria CA Homes

Woodmere Villas Orcutt Homes — 2011 Real Estate Market Update

04/29/2011
Neighborhood Updates, Santa Maria

Woodmere Villas is a small cluster of homes in Orcutt, California. The development is located near the newly expanded Union Valley Parkway and the Edgewood Homes. For those who want to travel to Vandenberg Air Force Base, Woodmere Villas are a comfortable 20 minute trip to the main gate.

Orcutt CA January 2011 Homes Update

02/12/2011
Market Trends, Orcutt

Orcutt Homes Real Estate Update

Santa Maria Homes Report – First Half of 2010

07/03/2010
Market Trends, Santa Maria

The first half of 2010 has been pretty dramatic with the $8000 federal tax credit extension and the introuction of the $10,000 California new home and first time home buyer credit. Buyers were on a roller coaster with the first two months having moderate activity, then a blaze of acvtivity in March and April followed by low activity in May and June. Overall sales for the 6 month period were high with 553 properties being sold in the Santa Maria Orcutt area.

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.

Lake Marie Estates, Orcutt Luxury & Executive Homes Update

12/01/2009
Santa Maria

Lake Marie Estates is a secluded enclave of executive and luxury homes in Orcutt, located east of Highway 101, off the Clark Avenue exit. When exiting 101 on Clark, instead of heading west toward downtown and Old Town Orcutt, head east toward the vineyards and wineries. Lake Marie offers a truly rural setting that is just minutes away from shopping and other conveniences.

The Edgewood Homes in Orcutt, CA, Market Update

11/15/2009
Santa Maria

The Edgewood Homes in Orcutt are a delightful collection of one and two story homes just west of Bradley Road and north of Union Valley Parkway, adjacent to the Oak Knoll neighborhood and St. Joseph High School. These homes are about a 20 minute drive to Vandenberg AFB. They were built in the mid to late 1980's and range in size from 1300 sq. ft. to 1800 sq. ft. The development includes a private park that is gated and for the use of residents only.

Where Have all the Houses Gone in Santa Maria – Orcutt?

07/15/2009
Buyer Info, Santa Maria

When I searched the MLS for active properties this morning, I came up with 158 single family homes or condos for sale. 29 of those listings are short sales, and 35 are active REO listings. There are 234 contingent listings, and 222 of them are short sales. In the last 30 days, 131 homes have sold, with an average price of about $250,000, average price per square foot of $150, and averaging about 75 days on market. 28 of those sold homes were closed short sales, and 61 were REO (bank owned property) sales. Average days on market for short sales were about 120 days (this reflects the time period to obtain bank approval), and average days on market for REO listings was about 53 (this includes the time it takes to get the contract finalized by the bank).

Central Coast Investor Tip — 20% Down Payment Required

03/22/2009
Buyer Info, Central Coast Real Estate, Lompoc / Vandenberg Village, Santa Maria

For those looking to buy your first rental property, or pick up an extra one now that prices make sense again, be aware that lenders have rolled back the down payment requirements for investment property. Most lenders I polled recently say that a 20% down payment is required for an investment property. Many of us remember when lenders required a 30% down payment for investment property, and I wonder how long it will be until we are back to those days. Lenders slowly but surely increased the down payment requirement for investors during the housing boom and have slowly but surely increased that obstacle again.