Regency Estates is a well kept gated neighborhood located in northwest Santa Maria.This neighborhood borders Preisker Park and is walking distance to the Santa Maria Riverbed trail. There is a clubhouse, pool/spa and a childcare center on site. These one story homes were built in the 1990’s and the community offers 2 bedroom and 3 bedroom floor plans ranging from 1000 – 1500 square feet. The Regency Estatesdevelopment is surrounded by other popular developments, Cherry Blossom Ranch,Hidden Pines, and Essex at Willow Creek. Regency Estates offers convenient access to Highway 101 and is close to shopping, banks and restaurants. If you are considering selling your Regency Estates Home and … (7 comments)
2011 Real Estate Market Update -- Pismo Beach Home Sales - 02/22/12 07:02 PM
Looking at the sales figures for 2011, sales activity in Pismo Beach increased 44% overall and the average sales price ticked up 2.8%. So, it seems that some Pismo Beach home sellers who were waiting to sell decided 2011 was the time to test the market. Distress sales also impacted these figures with short sales more than doubling and foreclosure numbers increasing just slightly. Days on market increased a significant 44% overall; however, the average sales price ticked up a slight 2.8% If you are considering selling your Pismo Beach CA home and you would like a comparative market analysis, feel free to … (11 comments)
Old Mill Run in Santa Maria - Orcutt CA - 2011 Real Estate Market Update - 02/22/12 05:41 PM
Old Mill Run is a highly desirable neighborhood in Orcutt behind the well established Foxenwood Estates area and near the prestige neighborhoods of Lorraine Estatesand Deerfield Estates. These new homes (built by Capital Pacific) are tucked away but only a short hop from the newly revitalized Old Orcutt area. Old Mill Run homes range in size from 1800 to 3000 square feet of living space and offer one story and two story models with many different floor plans. Old Mill Run has plenty of cul-de-sacs and is a small community of just 54 homes with an HOA fee under $50 a month. This neighborhood is lined with walking trails and is … (7 comments)
Looking at the sales figures for 2011, foreclosures increased a dramatic 65% over 2010, and there was a slight 15% decrease in short sales. Average list price and sales price continued the trend we are seeing on the Central Coast overall with sellers getting the picture and decreasing average list prices by 8.8% and with overall sales prices decreasing 10% in Grover Beach. Overall 53% of the sales reported in Grover Beach were distressed sales in 2011, which is not a great trend for stability in pricing. If you are considering selling your Grover Beach CA home and you would like … (4 comments)
Looking at the sales figures for 2011, the number of Arroyo Grande homes sold increased by about 13.5%. However, there continues to be a large gap between what Arroyo Grande homeowners ask for their properties and what buyers are willing to pay. In 2010, the percentage of listing price to sales price was 83%, and 2011 continued that trend with an average 82.5% list price to sales price percentage. So, there is still a lot of bargaining room for Arroyo Grande home buyers. Days on market went up slightly, and distress sales continue to play a large role. in … (6 comments)
2011 Real Estate Market Update -- Vandenberg Village Home Sales - 02/15/12 10:48 PM
Looking at the sales figures for 2011, sales activity in Vandenberg Village increased 36% overall and the average sales price decreased 10.7%. Distress sales (short sales and foreclosures) comprised 45.7% of the market overall. In 2010, distress sales were 30% of the market, so this is a definite increase. And, days on market edged up slightly from 81 in 2010, to 87 days in 2011. Overall, the market in Vandenberg Village still appears to be declining with foreclosures and short sales playing a big part in that. And like many areas on the central coast, until there is a reversal or … (16 comments)
In Defense of the Short Sale Selling, Loan Mod Applying, Principal Reduction Requesting Public - 02/05/12 05:27 PM
In Defense of the Short Sale Selling, Loan Mod Applying, Principal Reduction Requesting Public I just read the AR newsletter featured post entitled, “Rewards for being a debtor... Punishment for those that are not,” and it really got me going this Sunday morning. An agent sets out her opinion as a free and clear homeowner who is troubled as she watches the government continue to offer program after program to try to solve the housing crisis. It is an interesting read but I disagree strongly that those who are being asked to wait in line for a government program are being “rewarded.” I … (63 comments)
Looking at the sales figures for 2011, the number of homes sold increased by about 8% in Orcutt. However, the average sales price went down 10% which is a considerable decline. Days on market increased to 103, so it took longer to sell a home in 2011. However, that figure is probably affected by the increase in short sale listings which stay on market while bank approval is obtained. Short sales increased by 28% in the Orcutt area. Foreclosures also increased but not as drastically -- they increased about 7%. … (4 comments)
How to Frustrate Buyers and Alienate Buyer’s Agents - 02/04/12 11:31 AM
How to Frustrate Buyers and Alienate Buyer’s AgentsTruth in Advertising. Simple concept, but in the real estate world it can get complicated. The temptation to embellish is sometimes irresistible to a home seller. Just the other day, I was showing a home to a couple who have a large family. We have been on the hunt for a 4 bedroom in their desired location for quite some time. When we walked into a home with a large enclosed sun room with a closet, the husband exclaimed “I hope they aren’t counting this as the fourth bedroom!” And it hit me how … (86 comments)
Looking at the sales figures for 2011, the average sales price for Santa Maria homes declined about 6.6% and days on market ticked up 15 additional days to 85 days. Of course, the days on market figure includes short sale contingency days, which are the days needed for bank approval of a short sale, so it may not reflect how quickly inventory is being absorbed. That said, there definitely was softening in the Santa Maria real estate market. Surprisingly, the number of short sales did not increase, but instead … (4 comments)
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