The Santa Maria Times reports that this housing downturn has been particularly tough on the local economy. Employment growth for the area was essentially flat, and adjusted for inflation the median income for the county showed a decline. However, not all housing news was negative. Research shows that of the 255 residential building permits issued in Santa Barbara County, 166 of those units were in Santa Maria. Also, existing home sales and loan applications have increased.
Now onto the Los Alamos real estate market update. There are currently 18 active listings, and 2 pending transactions. In the past 30 days, no home sales, no expired listings, and 3 new listings. So, not much change at all in that market.
Moving onto the Guadalupe real estate market. There was an increase in the number of homes listed from my previous snapshot of May 12, 2007. There were 17 homes listed, currently there are 22. Presently, there are four homes under contract. In the last month, there were no home sales, no expired listings, and 5 new listings.
Remember to contact Mint Properties for all your Central Coast real estate needs. I would love to assist you in taking advantage of recent market conditions. Please contact my office today at (805) 938-9950. Also, feel free to search for Central Coast properties on my website.
*Based on the information from the Central Coast Regional MLS for the 30 days prior to this posting, May 23, 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.