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Edgewood Homes in Orcutt CA – Real Estate Market Update

The Edgewood Homes in Orcutt are a delightful collection of one and two story homes just west of Bradley Road and north of Union Valley Parkway, adjacent to the well established Oak Knoll neighborhood, St. Joseph High School, and down the street from Righetti High School. These homes are located in the Orcutt school district and are a 20 minute drive to Vandenberg AFB. They were built in the mid to late 1980's, range in size from 1300 sq. ft. to 1800 sq. ft. The Edgewood development includes a private park that is gated and for the use of residents only.
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2010 Snapshot – Orcutt Foreclosure Market Update

There are 295 active and pending homes and condos in the Orcutt zip code of 93455. Of those 295 properties, 41 homes are foreclosures (13.8%) and 113 are short sales (38.3%). So currently, over 50% of the Orcutt market is either a bank owned property or a short sale. Average asking price overall was $337,392, asking prices for foreclosures was significantly lower at $256,678, and for short sales it was $269,678.
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