orcutt homes Archives - Page 2 of 4 - Santa Maria CA Real Estate Blog & Information, REALTOR® Selling Santa Maria CA Homes

Lake Marie Estates, Orcutt Luxury & Executive Homes Update

12/01/2009
Santa Maria

Lake Marie Estates is a secluded enclave of executive and luxury homes in Orcutt, located east of Highway 101, off the Clark Avenue exit. When exiting 101 on Clark, instead of heading west toward downtown and Old Town Orcutt, head east toward the vineyards and wineries. Lake Marie offers a truly rural setting that is just minutes away from shopping and other conveniences.

Orcutt Luxury Home Update, Foxenwood Estates

11/30/2009
Santa Maria

The upscale Foxenwood neighborhood is popular with buyers due to its location, which is directly adjacent to Old Orcutt, and its proximity to Vandenberg AFB (15 minute drive to the main gate). The location of the development is off the beaten path, yet close enough to enjoy the amenities of downtown Orcutt. The Foxenwood neighborhood is bordered by other prestige areas such as Lorraine Estates, Deerfield Estates, and the new developement of Old Mill.

The Edgewood Homes in Orcutt, CA, Market Update

11/15/2009
Santa Maria

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 Oak Knoll neighborhood and St. Joseph High School. These homes are about a 20 minute drive to Vandenberg AFB. They were built in the mid to late 1980's and range in size from 1300 sq. ft. to 1800 sq. ft. The development includes a private park that is gated and for the use of residents only.

CAR HAF Announces the Mortgage Protection Program

09/30/2009
Central Coast Real Estate, Santa Maria

The California Association of Realtors has announced the creation of a Mortgage Protection Plan for first time home buyers. This program was developed to give first time buyers some incentive to buy homes in an uncertain economy. Although buyers don't seem as if they need any further incentive to buy right now, with bidding wars and multiple offers the usual situation in the Santa Maria and Lompoc markets, when this program was conceived buyers were very hesitant to enter the housing market.

Cal STRS Home Loan Program for Santa Maria & Lompoc Teachers

08/30/2009
Buyer Info, Central Coast Real Estate, Lompoc / Vandenberg Village, Santa Maria

Local teachers in Santa Maria & Lompoc may be eligible for the home ownership loan programs available through the California State Teachers Retirement Program ("Cal STRS'). Eligible participants can apply for several different loan options which can increase borrowing power and lower down payment requirements. Currently, Cal STRS offers a zero down option using a two loan 95% and 5% structure, as well as a low down option using a two loan 80% and 17% structure

Where Have all the Houses Gone in Santa Maria – Orcutt?

07/15/2009
Buyer Info, Santa Maria

When I searched the MLS for active properties this morning, I came up with 158 single family homes or condos for sale. 29 of those listings are short sales, and 35 are active REO listings. There are 234 contingent listings, and 222 of them are short sales. In the last 30 days, 131 homes have sold, with an average price of about $250,000, average price per square foot of $150, and averaging about 75 days on market. 28 of those sold homes were closed short sales, and 61 were REO (bank owned property) sales. Average days on market for short sales were about 120 days (this reflects the time period to obtain bank approval), and average days on market for REO listings was about 53 (this includes the time it takes to get the contract finalized by the bank).

Is Cash Still King in the Santa Maria CA Foreclosure Market?

05/24/2009
Foreclosure / Bank Owned (REO) Info, Santa Maria

Cash buyers are getting the best deals in this competitive market. I've found that the best deals tend to be bank owned homes vs. short sales, and cash does help in the ban owned bidding process. Banks tend to be more conservative about selling prices for short sales where they still have the borrower on the hook. So, I find that short sales tend to close right at current selling prices or slightly higher. Whereas, the goal with REOs is to move that asset off of the books quickly. So, you will see bigger price discounts on bank owned properties.

The Las Brisas Community in Orcutt CA

03/24/2009
Santa Maria

Although not a gated community, Las Brisas offers a private setting for those who desire relative seclusion. There are two entrances into Las Brisas and the streets curve into an artful collection of cul-de-sacs and private parks. Importantly, there are no thoroughfares so traffic cannot cut through the community. The location of the community is convenient for those who are commuting as you are only a short skip to Highway 101's Santa Maria Way exit/onramp. One story and two story plans between 1100 square feet and 1800 square feet are offered with concrete tile roofs and two car garages. The lots are smaller with some exception here and there; but you definitely have enough room to keep Fido happy without having to spend your entire Saturday on yard work.