Santa Maria Homes – Traditions at Bradley Square Update
The Traditions at Bradley Square is community of newer homes for sale in southeast Santa Maria; it is near much of the new shopping in south Santa Maria (Best Buy, Home Depot, TJ Maxx) and it is also adjacent to the award winning Rotary Centennial Park. Because most of the homes were sold new during the height of the housing boom, many if not most of the current and recent sales in the development are foreclosures or distress sales. In the past 6 months, there have been 8 sales in the Traditions Development, 5 were foreclosures, and 3 were successfully closed short sales. The average sale price was $364,250, compared to an average list price of $370,300; average price per square foot paid by Traditions at Bradley Square home buyers was $155.20, with a brisk 64 days on market.
So,Sellers are receiving about 98.3% of their asking price in the Traditions development, indicating that the development still has much appeal for buyers. There are currently 3 pending home sales in the Traditions homes for sale in Santa Maria. The average asking price was slightly higher at $373,333, but the price per square foot was $147.91. There are four contingent short sales currently, with a median asking price of $355,000.At present, there are no active properties in Traditions, indicating that this neighborhood still has a great deal of appeal for buyers. Even still, the majority of homes sold in the Santa Maria Traditions development are distress sales at this time.
The Traditions is a charming community close to all the amenities in Santa Maria that home buyers want. Other newer home communities in Santa Maria and Orcutt include Classics at Bradley Square, Stonegate, Cobblestone Creek, Jensen’s Crossing, Pacific Crest Estates, and La Ventana. If you are looking for a home in one of these Santa Maria or Orcutt developments, call me today for an appointment (805) 878-9879.
*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
In July 2006, Mint Properties opened an office in the Mission Creek Plaza on Santa Maria Way. Tni’s stated aim is to offer the highest quality representation and professional service to her clients. Independence affords her the ability to avoid a volume driven approach; the result is prompt, reliable, individualized service coupled with straightforward advice. Indeed, she brings the same level of professionalism to real estate as she did to the law.
There is a common scam run on websites (Craig’s List in particular, but not exclusively) whereby properties that are listed for sale with an agent are fraudulently advertised for rent. Typically, the person running the rental ad tells potential renters that they are overseas working (in the armed services or as a missionary, etc.) and they advertise very cheap rent. They ask the potential tenant to send a cashier’s check for the first and last month’s rent and/or a prepayment of several months of rent in exchange for them mailing the keys at a later date. Unfortunately, once your money goes out of the country, there is very little you can do to recover it. These people are very clever; they will access property records and create fake email accounts with the real property owner’s name.
I’m afraid the days of 100% financing for everyone are gone. Unless you are a veteran with a VA home loan benefit, or buying in a rural area through the USDA loan program, there are not many 100% financing options. (Santa Maria does not qualify as a rural area, but in the past, Guadalupe and parts of Nipomo have qualified).