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Santa Maria CA Condos & Orcutt CA Condos: Oak Creek Villas & Mission Creek Villas – First Quarter 2011 Real Estate Market

The Mission Creek Condos and Oak Creek Villas were built by local builder, Inland Pacific, who also built Pacific Crest, Classics at Bradley Square and La Ventana. Oak Creek and Mission Creek offer the same basic floor plans and amenities; however, there are subtle differences for buyers to consider. Oak Creek Villas condos are slightly older; they were built beginning around 2001. Mission Creek condos are slightly newer as building began around 2004.
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2009 Orcutt CA Real Estate & Foreclosure Market Update

There were a total of 509 homes and condos sold in 2009 in the Orcutt area. Included in these figures are homes in the 93455 zip code which includes some homes and condos in Santa Maria that are south of Betteravia. 439 of the sales were single family homes and 70 were condos/PUDs. The average list price was $339,181, and the average sales price was $332,989 at $182 per square foot with73 days on market. For condos and PUDs, the average list price was $185,185, and average sales price was $179,203 at $132 per square foot with 89 days on the market.
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Can I Buy a Santa Maria Condo with FHA Financing?

Can you buy a condo in today's market with FHA financing? The answer is yes you can, but it is very difficult lately. Fannie Mae enacted guidelines which have impacted the condo market tremendously. These guidelines were meant to encourage owner occupancy and stability in condo associations but in many instances they have ended up penalizing associations not already in conformance with those guidleines and making all but impossible for them to ever conform.
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Orcutt View Park Townhomes, Old Orcutt CA Condo Update

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.
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Are Santa Maria & Lompoc Condos Good Investment Properties?

Prices of many condos are finally well beneath $100,000 in Santa Maria and Lompoc, which make some condos a good option for investors even with the added expense of a monthly condo fee. There have been some 2 bedroom condos listed as low as $59,000. If you compare a home in the local area that you can purchase for $100,000, you would be looking at a much older home or a smaller cottage with limited rental value and appeal. Everything on the exterior of the home is typically covered by the condo association, cutting down on the responsibility for landlords.
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Village of Northpoint Condos, Orcutt CA Market Update

The Village of Northpoint condominium community offers a tucked away feel in the heart of Orcutt to its residents. Located just off Foster Road and within walking distance of both Righetti and St. Joseph's High Schools, this development boasts a pool, clubhouse and tennis courts. Mature trees line the blacktopped streets dotted by clusters of townhomes with blue tinted tile roofs. There are 3 and 4 bedroom plans, each with the bedrooms upstairs and the main living space downstairs.
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Santa Maria CA Foreclosure Buyer Alert – $8000 First Time Home Buyer Credit Approved

If you are sitting on the fence about buying, Congress just gave you another reason to jump into the market for foreclosures in Santa Maria, CA. The recently passed stimulus bill modestly increases the first time home buyer credit from $7500 to $8000. But more importantly, buyers now do not have to pay the credit back as long as they stay in the home a minimum of 3 years.
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Santa Maria CA Gated Townhome Communities, Arborwalk & Lavigna

Built in 2004 and 2005, Arborwalk is located at the intersection of Miller & McCoy in the heart of "New" Santa Maria. This gated development is close to shopping, banks, and restaurants and it offers a fitness trail, greenbelt basin, and rose gardens throughout. Once you drive home you truly don't need your car; you can get out and walk to everything; units in this development earn high "walkability" scores. These detached town homes are excellent for buyers who don't want the obligations of yard work but still need a little outdoor space for their pet and/or a BBQ grill. Also, these homes are fantastic for investors who plan to market a rental to nearby Vandenberg Air Force Base. Arborwalk is tremendously attractive to potential renters as it sits adjacent to grocery stores, coffee shops, and restaurants.
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Are you PCS’ing to Vandenberg AFB and Looking for Housing?

Vandenberg Air Force Base provides a steady source of new arrivals to the Central Coast area. Due to the attractive climate and small town atmosphere many decide to never leave or to return to the area after they retire from military service. The biggest weather related complaints here tend to be fog and wind; complaints that generate laughter from those who have spent winters living with ice, shoveling snow, and hiding from freezing sleet.
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