Santa Maria & Orcutt Real Estate Market Update

According to the Santa Maria Times, the San Luis Obispo County Board of Supervisors postponed its decision about whether to sell 584 acres of county-owned land to the State Department of Parks and Recreation. Public hearings have been continued to make sure the public’s voice is fully heard before the Supervisors make their decision. Part of the land is currently used as the Oceano Dunes State Vehicular Recreation Area, and frequented by off road enthusiasts. Among the issues being decided are whether possible conditions can be placed on the sale to direct the future use of the property. However, if the county does not sell the land it will be charged with managing it from here on out.

Now onto the real estate market update for Santa Maria and Orcutt. There was a 5% increase in available homes on the market since my last market snapshot on April 4, 2007. There are currently 781 homes up for sale, compared to the previous figure of 742. Currently, there are 121 pending or contingent properties in the area. In the past 30 days, there were 216 new listings, 70 expired listings, and 87 homes sold. Median sales price of homes sold during that period was $370,000. That price would get you a 4 bedroom, 2 bath, 1400 sq ft home, with cathedral ceilings, and a beautiful stone fireplace.

Remember Mint Properties handles all types of real estate transactions from commercial leasing to homes on acreage. Give me a call today at (805) 878-9879, I would be happy to help you with any and all of your real estate needs.

*Based on the information from the Central Coast Regional MLS for the 30 days prior to this posting, April 18,2007. Neither the Association, the Multiple Listing Service, or Mint Properties guarantees or is in any way responsible for its accuracy. Data maintained by the Association or its MLS may not reflect all real estate activity in the market.

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