River Oaks Development, Santa Maria Homes Market Update 2009

Lake at River Oaks

Home to Jim May Park (an 11 acre park which includes a lake and walking trails) and Ida Redmond Taylor Elementary, the River Oaks development offers an idyllic setting which parallels the Santa Maria riverbed in northeast Santa Maria. Built from 1999 -2003, these homes range from 1400 sq.ft. up to almost 3000 sq.ft. in size. Current asking prices for active and pending homes in the River Oaks development range from $260,000 to $299,900. In the past 6 months, home sales prices in River Oaks ranged from $235,000 – $310,000. A 1400 sq.ft. one story short sale on Cornell Ct. sold for $235,000 and a 2086 sq.ft. two story foreclosure (REO) on Jesselle Ct sold for $310,000. The average selling price was approximately $285,000 after 76 days on market with an average price per square foot of $134. The smaller one story models sold for between $235,000 – $260,000 (there was also one larger one story home on Melanie Ct. which had a 500 sq.ft. addition which sold for $290,000 — but that was the exception not the rule). The larger two story models ranged between $265,000 – $310,000, with an average sales price of about $285,000. The largest home in River Oaks during this period was on Murray Drive and it had 5 bedroom, 4 baths and sold for $310,000.

Click here to search for available homes in the River Oaks development, or if you would like a list of other available Santa Maria homes, send me an email at tni@mintprop.com and request automatic email alerts on new properties as they hit the market in Santa Maria and Orcutt. If you would like a private tour of available homes in River Oaks in Santa Maria, give me a call today at (805) 878-9879.

tniright_logo1Tni LeBlanc, JD, M.A., e-PRO
Broker/Owner, Mint Properties
(805) 878-9879, tni@MintProp.com
www.iLoveSantaMaria.com
www.SellMySantaMariaHome.com
www.BuySantaMariaForeclosures.com
www.SantaMariaRealEstateSearch.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.

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