Hidden Pines Community in Santa Maria, CAAre you looking for a home in a gated community in Santa Maria? You may want to check out the homes in the popular Hidden Pines development. It is located near Preisker Park and across the way from the gated communities of Regency Estates and Preisker Gardens. The Hidden Pines community has a private park and is a stone’s throw away from the Santa Maria riverbed walking trails. In the past 6 months, only two home sales were reported in the MLS in the Hidden Pines development. A 1400 sq. ft. home on Mayten which sold for $198,000 and a 1500 sq. ft. home on Hawthorn which sold for $202,000. Currently active and pending homes in the Hidden Pines Development range from $199,000 – $312,500. Click here and search for homes in the Hidden Pines development. Or give me a call and I will arrange a tour of homes in the Hidden Pines, Preisker Gardens, or Regency Estates gated communities in Santa Maria.
*Based on the information from the Central Coast Regional MLS. Neither the Association, the Multiple Listing Service, or 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.
The average price for a home in Santa Maria and Orcutt edged up only slightly from $250,000 in December 2008 to $252,000 in December 2009, reflecting the fact that the market appears to be stabilizing. Also, the average price for condos has gone up from $120,000 to $168,500.
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.
Tni LeBlanc, JD, M.A., e-PRO