Santa Maria Valley Closed Sales October 2007

In October 2007, the number of closed transaction was 76, compared to 86 closed transaction in October 2006 and 180 closed transaction in October 2005.   In November 2006, the number of closed transaction was 115 but closed transaction number were not available at the time of this writing for November 2007.  Typically, November through January are generally slower months because of the increment weather and holiday season.   Santa Maria Valley, like many areas of California is experiencing higher inventory, credit industry adjustments, buyer reluctance, pending foreclosure homes which supports a possible continued sluggish selling market.  On the other hand, buyers are in the driver's seat with many inventory options, negotiation leverage, and historically low interest rates.   Real estate has always been cyclical with the pricing trend shifting downward in recent months.   At some future point the cycle will move the other direction and this great opportunity might be missed if you looking to purchase.