The Pool, the Patio, the Big Barbeque Island & the Never Ending Summer — Orcutt Living!
Orcutt Home For Sale! The Pool, the Patio, the Big Barbeque Island & the Never Ending Summer -- Orcutt Living! Overview Maps Photos Features Description Welcome to VAFB Video IDX Search $269,900 Single Family Home Main Features 3 Bedrooms2 Bathrooms1…
How Many Homes Were Sold in Orcutt in 2010?
It's the beginning of a new year, so many people are waiting anxiously to hear how many homes and condos were sold in Orcutt last year, what the average sale price was, and how it compared to 2009.
2010 Snapshot – Orcutt Foreclosure Market Update
There are 295 active and pending homes and condos in the Orcutt zip code of 93455. Of those 295 properties, 41 homes are foreclosures (13.8%) and 113 are short sales (38.3%). So currently, over 50% of the Orcutt market is either a bank owned property or a short sale. Average asking price overall was $337,392, asking prices for foreclosures was significantly lower at $256,678, and for short sales it was $269,678.
Santa Maria CA & Orcutt CA Homes For Sale
There are currently 528 homes for sale in the Santa Maria CA (and Orcutt CA) area. Approximately 250 of those homes are short sales where bank approval is necessary to complete the sale. About 141 of the remaining homes are bank owned / foreclosure listings. Thus, approximately 50 percent of the Santa Maria inventory is short saled, and about 25% is bank owned (REOs). You can search for short sales and REO Santa Maria homes at www.iLoveSantaMaria.com and www.iLoveOrcutt.com.
Santa Maria CA & Orcutt CA Luxury Home, Executive Home, & Golf Course Home Market Update
When looking at the Snta Maria California and Orcutt California market overall, currently there are approximately 700 homes on the market, and approximately 60% of single family homes and condos are either short sales (sometimes referred to as pre-foreclosures) or bank-owned properties (REOs). And, in the past 30 days, approximately 130 single family homes have closed escrow, and about 60% of those were REOs, and around 15% were short sales.
Selling Your Home as a Short Sale in the Santa Maria CA & Orcutt CA Market
Short sales dominate the Santa Maria and Orcutt CA market. Simply put, short sales are sales where the owner owes more than the house is currently worth. Currently, 50% of the active listings in Santa Maria and Orcutt are short sales. However, 60% of the homes sold in the past 30 days are bank owned homes (REOs), and only 10% of sold homes in the last month were short sales.
