Certified Military Housing Specialist Military Relocation Professional

Central Coast Real Estate

Buying Central Coast Foreclosed Properties at Auction

I attended a foreclosed home property auction hosted by Hudson & Marshall in Ventura last evening. Fortunately, my client was successful in his bid so it was worth the trip down for both of us. He was also able to save about $80,000 off the list price of the property. It was an exciting event and we were both still on a high while we waited with the other winners to sign contracts. All the winning bids are subject to investor/bank approval which will take about 5-7 days to obtain, so we will know if the deal will stick in about a week.
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Arroyo Grande CA 2008 Market Update & Free MLS Listing Search

In 2008, a total of 276 homes and condos sold in Arroyo Grande, CA. 243 were single family homes, and 33 were condos or in planned unit developments. Average home price was approximately $648,000, $331 per sq ft., and sold after 130 days on market. The lowest resale home price was a 2 bedroom 2 bath bank owned twin home in an age restricted community that was 1064 sq. ft. and sold for $190,000. $650,000 would have purchased a 3 bedroom, 4 bath, 2330 sq. ft. lakeside home with granite countertops and a golf cart bay in the gated golf course community of Cypress Ridge.
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Pismo Beach & Shell Beach CA 2008 Market Update & MLS Search

A total of 82 single family homes and 15 condos sold in Pismo Beach and Shell Beach in 2008. The average list price of homes sold was $990,900 and average selling price was about $895,000 The average list price of sold condos in the area was $622,620 and average sellng price was was $586,000. Listings that sold were on the market an average of 112 days. Average price per square foot for Pismo Beach and Shell Beach condos was $399, and average price per square foot of sold homes was $458.
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Oceano Foreclosure Market Update & Free MLS Search

Oceano is one of California true beach towns. It is not saturated with deliberate commercialism, yet still sports cutesy names like Beach, Ocean and Surf Ave on its streets. Off the beaten path of Highway 101, Oceano instead straddles the scenic route, Highway 1. Known for the Oceano Dunes, a sand dune area of the coastline preserved for off road vehicle recreation and exploration, Oceano attracts many from the inland areas who seek to beat the heat.
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Central Coast of California Short Sale Seller Tips

Short sales are common these days. Santa Maria has 255 active short sale listings, Lompoc lists 72 short sales on the market, Nipomo has 14, and Arroyo Grande also has 14 active short sales. The difficult part is obtaining “lender approval” which adds delays to the process. Because approvals attach to a specific buyer, it is vital to find a committed buyer for your short sale. Often lenders require the process to start over if the buyer abandons their offer. This can draw out the process even further. But it is important to note that short sale transactions are closing all over the Central Coast. In the month of December, 18 short sales closed in Santa Maria (2 of these were my listings), 2 in Lompoc, 2 in Nipomo, and 1 in Arroyo Grande.
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