Santa Maria Homes for sale– Classics at Bradley Square Update
Video Clip – Traditions & Classics at Bradley Square in Santa Maria
Santa Maria Homes For Sale up to $250,000
The Classics at Bradley Square is community of newer homes for sale in southeast Santa Maria; it is near much of the new shopping in south Santa Maria (Home Depot, TJ Maxx, Best Buy) and it is also adjacent to the award winning Rotary Centennial Park. Local builder, Inland Pacific began building the Classics in about 2003. Because most of the homes were sold new during the height of the housing boom, many if not most of the current and recent sales in the development are foreclosures or distress sales. In the past 6 months, there have been 10 sales in the Classics Development, two were “regular” sales, one was an investor flip, 5 were foreclosures, and 2 were successfully closed short sales. The average sale price was $312,400, compared to an average list price of $316,620; average price per square foot paid by Classics home buyers was $168.92, with 156 days on market (short sales averages are heavily skewing the days on market in this neighborhood, with one short sale taking 826 days!).
Santa Maria Homes For Sale $250,000 – $300,000
So, Sellers are receiving about 98.6% of their asking price in the Classics development, indicating that the development still has much appeal for buyers. There are currently 3 pending home sales in the Classics homes for sale in Santa Maria, and the asking price of the pending homes in much lower than the closed sale average for the past six months. Two of the pending homes have asking prices of $275,000 and one has an asking price of $280,000, indicating a downward trend in prices. There are eight contingent short sales currently, with a median asking price of $289,950. Of 5 the active properties, 1 is an investor flip, one is a short sale, 1 is a regular sale, and there is one REO (foreclosure). So, the majority of homes for sale in the Santa Maria Classics development are distress sales at this time.
Santa Maria Homes For Sale $300,000 – $350,000
Classics is a charming community close to all the amenities in Santa Maria that home buyers want. Other newer home communities in Santa Maria and Orcutt include Traditions at Bradley Square, Harvest Glen, Cambridge Cottages, Stonegate, Cobblestone Creek, Pacific Crest Estates, and La Ventana. If you are looking for a home in one of these Santa Maria or Orcutt developments, call me today for an appointment (805) 878-9879.
Tni LeBlanc, Mint Properties
www.MintProperties.net
*Based on the information from the Central Coast Regional MLS. The Association, the Multiple Listing Service, nor 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.
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