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2011 Real Estate Market Update - Santa Maria Home Sales

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 Saturday Feb 04