2011 Real Estate Market Update - Santa Maria Home Sales

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Real Estate Broker/Owner with Mint Properties, Lic. #01871795 Lic. #01871795

2011 Real Estate Market Update - Santa Maria Home Sales

 

Santa Maria CA

2010

2011

Homes Sold

582

596

Average List Price

$220,329

$210,405

Average Sales Price

$220,241

$205,604

Days on Market

70

85

$ per Square Foot

$142

$129

Foreclosures

243

267

Short Sales

156

151



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 edged down ever so slightly, and instead foreclosures sales increased by almost 10%.  Overall, the total number of homes sold increased by 2.4%

If you are considering selling your Santa Maria CA home and you would like a comparative market analysis, feel free to contact my office at (805) 938-9950 and set up an appointment.  I specialize in short sales and distress sales.  If you are interested in buying a home in Santa Maria CA, I will be happy to assist you and provide a list of available homes in Santa Maria CA and the surrounding area.

Tni LeBlancis an independent Real Estate Broker, Attorney, Short Sale Agent, Certified HAFA Specialist (CHS), and Certified Distressed Property Expert (CDPE) and Short Sale and Foreclosure Resource Agent (SFR) serving Santa Maria, Orcutt, Lompoc, Nipomo, and Arroyo Grande on the Central Coast of California.

* Stick built SFRs & PUDs. Zip codes 93454 & 93458.  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 real estate market.  School district boundaries are subject to change and must be verified with the appropriate authority.  Nothing in this article is intended to solicit listings currently under contract with another broker.  This article offers no legal or tax advice and is for information purposes only.  Those considering a short sale are advised to consult with their own attorney for legal advice, and their tax professional for tax advice prior to entering into a short sale listing agreement.  

Copyright © 2012 Tni LeBlanc *2011 Real Estate Market Update --Santa Maria Home Sales*
Posted by

Tni LeBlanc, Broker
(805) 878-9879 mobile/text

tni@mintprop.com
www.MintProp.com
CalBRE #01871795

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Rainmaker
103,358
Stephanie Anson
Secure Investments Realty - Gainesville, FL
Estates | Homes | Land | Investments

Tni, yet another great report from you! Thanks for doing such a good job of keeping us updated, you are definitely the most informative and knowledgeable Santa Maria short sale agent!

Apr 15, 2012 11:34 AM #1
Rainer
71,755
Bas Panch
SCV Home Buyer - Valencia, CA

Hi Tni,

Thanks for sharing this great report. Keep up the good work as a top Santa Maria short sale agent!

Apr 20, 2012 12:43 PM #2
Rainmaker
262,323
Kim & Kristine Halverson
Compass - Santa Monica, CA
Sisters, Realtors

Outstanding report here Tni,excellent job it really shows how expert you're as Santa Maria Short Sale Agent.With that kind of attitude more success will come your way.

 

May 03, 2012 04:56 AM #3
Ambassador
2,681,000
Katerina Gasset
Get It Done For Me Virtual Services - Wellington, FL
Get It Done For Me Virtual Services

Hi Tni,I think this report is top notch.Well presented and very organized.Thank you for always giving us an opportunity to be update on your market area.Best of luck and Keep being the best Santa Maria Short Sale Agent.

 

May 07, 2012 05:15 AM #4
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Rainmaker
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Tni LeBlanc, Realtor®, J.D.

Tenacious Tni (805) 878-9879
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