A total of 1230 single family homes (condos, PUDs and manufactured homes excluded) sold in Santa Maria CA and Orcutt CA in 2008. Forty three percent of those home sold in 30 days or less. The average asking price was approximately $300,000, average selling price $292,500, and average size of those homes was 1696 square feet, with an average price per square foot of $172.44. Of the 1230 sales, 157 were short sales, and 789 were REOs (bank owned properties). So, 64% of the closed sales were foreclosures, and 12% were pre-foreclosures (short sales). This market was and continues to be thoroughly dominated by foreclosure activity.
If you would like a list of Santa Maria CA, or Orcutt CA foreclosures, send an email to me at tni@MintProp.com, search on one of my websites: www.iLoveOrcutt.com, www.BuySantaMariaForeclosures.com, www.SantaMariaRealEstateSearch.com, www.iLoveSantaMaria.com, or give me a buzz at (805) 878-9879 and I will set up email alerts for you.
Tni LeBlanc, JD, MA, e-PRO
Broker/Owner, Mint Properties
(805) 878-9879, tni@MintProp.com
*Based on the information from the Central Coast Regional MLS. 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.