Santa Maria Homes – La Ventana Snapshot Update
La Ventana is a community of single family homes and luxury townhomes in northeast Santa Maria; its location is ideal for those who need to be near Marian Medical Center and the surrounding medical office complexes. Local builder, Inland Pacific, began selling homes in the La Ventana development around 2005 and because these Santa Maria homes were sold new during the height of the housing boom, many if not most of the recent re-sales in the development are foreclosures or distress sales. In the past 6 months, there have been 4 sales reported in MLS in the La Ventana Development, 3 were townhomes sold by the developer. The builder held back several townhomes when the market went bust, and is now slowly releasing them onto the market. Many of those withheld units were used as high end rentals. Of the 4 sold units, 3 were townhomes which sold for between $290,000 – $300,000, and one was a 5 bedroom, 4 bath, 3000 square foot home which sold for $370,000.
Comparing asking prices to listing prices, currently, sellers are receiving 100% of their asking prices for these Santa Maria homes, indicating that the La Ventana development still has much appeal for buyers. There is currently one pending townhome in the La Ventana development with an asking price of $290,000, but there are two contingent short sales; one contingent townhome with an asking price of $260,000, and one single family home with a list price of $325,000. Of 7 the active properties, 1 is an REO townhome, 3 are “new” townhomes listed by the builder, 2 are foreclosure homes, and 1 short sale home. So, the majority of currently listed re-sale Santa Maria homes in La Ventana are distress sales at this time.
In my opinion, La Ventana is one of the most beautiful newer developments in Santa Maria and Orcutt. Currently, the residents of La Ventana are considering gating the community which will further add to its apeal with Santa Maria home buyers. The well appointed community room is available for residents to use for parties and it adjoins an outdoor pool and fireplace. It is an ideal location for sophisticated celebrations and playful pool parties. Other newer home communities in Santa Maria and Orcutt include Cobblestone Creek, Mesa Verde, Pacific Crest Estates, Classic at Bradley Square, Traditions at Bradley Square, Old Mill Run, Stonegate, The Enclave at Harp Springs, and the new master planned Rice Ranch Community. If you are looking for a Santa Maria home or Orcutt home in one of these developments, call me today for an appointment (805) 878-9879.
Tni LeBlanc, Mint Properties
*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 market.
Copyright © Tni LeBlanc 2010*Santa Maria Homes*