Number of Properties for Sale in Santa Maria, CA in 2009.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 significantly from $120,000 to $168,500. A large influx of foreclosed homes has been predicted since March 2009, but they have not appeared in the marketplace. The number of homes for sale has continued to march downward as depicted by the graph above. There just still aren’t enough homes on the market in Santa Maria and Orcutt.
From December 2008, the number of homes for sale is down 56%, from 865 to 384 properties offered for sale. Keep in mind that we still had bidding wars in 2008. Average days on market is also down from 85 to 47. Overall, due to interest rates and the first time home buyer credit, it is an excellent time to buy. Our local market in Santa Maria and Orcutt is competitive though and buyers should be prepared for a bit of hurry up and wait to find the perfect home. If you are interested in buying or selling and need a Realtor in Santa Maria, call me today at (805) 878-9879. I will be happy to provide even more information to you about the Santa Maria and Orcutt market at our initial consultation.
*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.
Nestled between May Grisham Elementary and Highway 135 is a strip of cute little townhomes known as the Orcutt View Park Condos. These homes offer 3 bedrooms, two baths, a one car garage, and a birds eye view of community sporting events held in the sporting fields next to the school. They are about are about 1400 sq. ft. in size and the association dues are about $180 per month. Most of the townhomes offer a small patio and backyard. For those who wish to commute to Vandenberg AFB, the location is ideal; the commute time is about 15 minutes to the main gate.
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.
