2012 Orcutt CA Mid-Year Condo Real Estate Market Update

2012 Orcutt CA Mid-Year Condos Real Estate Market Update

The number of condos sold in the first half of 2012 increased 22%.  However, the average list price and sales price decreased quite a bit.  In fact, the average sales price decreased by 12%.  It will be interesting to see if this “trend” continues when looking at data for the last half of 2012.  It certainly feels like inventory shortages are driving prices upward but it will be interesting to see if that feeling is supported by the facts as they come in.  The number of short sales in this category more than doubled, and foreclosures edged down slightly.  I certainly hope to see the number of foreclosures continue to decline, in my opinion, short sales are often a better way of handling negative equity and the need to dispose of the asset, however, each person should seek legal and tax advice for their particular situation.

If you are considering selling your Orcutt CA condo and you would like a comparative market analysis, feel free to contact my office at (805) 938-9950 and set up an appointment.  I specialize in short sales and distress sales.  If you are interested in buying a condo in Orcutt CA, I will be happy to assist you and provide a list of available condos in Orcutt CA and the surrounding area.

Tni LeBlanc is an independent Real Estate Broker, Attorney, Short Sale Agent, Certified HAFA Specialist (CHS), and Certified Distressed Property Expert (CDPE) and Short Sale and Foreclosure Resource Agent (SFR) serving Santa Maria, Orcutt, Nipomo, and Arroyo Grande on the Central Coast of California.

* Condos & PUDs. Zip code 93455.  Based on the information from the Central Coast Regional MLS. The Association, the Multiple Listing Service, nor 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 real estate market.  School district boundaries are subject to change and must be verified with the appropriate authority.  Nothing in this article is intended to solicit listings currently under contract with another broker.  This article offers no legal or tax advice and is for information purposes only.  Those considering a short sale are advised to consult with their own attorney for legal advice, and their tax professional for tax advice prior to entering into a short sale listing agreement.

Copyright © 2012 Tni LeBlanc *2012 Orcutt CA Mid-Year Condos Real Estate Market Update*

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