About Santa Maria's Arborwalk

Arborwalk in Santa Maria CA - 1^st Quarter 2011 Market Update

Located in southeast Santa Maria, Arborwalk is a gated community of townhomes at the intersection of McCoy and Miller; it is near much of the new shopping and commercial development in south Santa Maria. And it is about a 20 minute trip from the main gate of Vandenberg AFB. Imagine walking to everything you need. Imagine living with all the conveniences of modern life easily within reach while living in a protected gated environment. Walking distance to grocery outlets Albertson's and Food Maxx, dining at Yanagi Sushi & Grill and Natural Café, and shopping at Target and Pier One. Arborwalk offers low HOA dues of $88 per month, a fitness trail, a huge greenbelt basin, and inviting rose gardens throughout.

Recent Arborwalk Home Sales:

If you are considering selling your Arborwalk 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 Arborwalk or another gated community in the Santa Maria - Orcutt area, I will be happy to assist you.

Tni LeBlanc is an independent Real Estate Broker, Attorney, Short Sale Agent, Certified HAFA Specialist (CHS), and Certified Distressed Property Expert (CDPE) serving the Santa Maria, Orcutt and Five Cities area of the Central Coast of California.

* 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. 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. Mint Properties is not associated with the government, and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan.

Copyright © 2011 Tni LeBlanc *Arborwalk in Santa Maria CA - 1^st Quarter 2011 Market Update*

Santa Maria Gated Homes - Arborwalk Snapshot Update

Santa Maria New & Newer Homes up to $250,000

Arborwalk is a gated community of townhomes at the intersection of McCoy and Miller; it is near much of the new shopping and commercial development in south Santa Maria. Watt Developers began building Arborwalk in about 2004. Because the homes were sold new during the height of the housing boom, many if not most of the current and recent sales in the development are foreclosures or distress sales. In the past 6 months, there have been 6 sales in the Pacific Crest Development, one was an investor flip, 2 were foreclosures, and 3 were successfully closed short sales. The average sale price was $255,500, compared to an average list price of $261,233; average price per square foot paid by Arborwalk buyers was $128.00, with a brisk 73 days on market (not bad with the short sales included).

Santa Maria New & Newer Homes $250,000 - $300,000

So, Sellers are receiving about 97.8% of their asking price in the Arborwalk development, indicating that the development still has much appeal for buyers. There are no currently pending home sales in Arbowalk in Santa Maria, but there are three contingent short sales. Of 7 the active properties, 1 is an approved short sale, 2 are HAP sales (military relocation program), one is an REO, and 3 are "regular" short sales. So, it seems that the majority of currently listed homes in Arborwalk are distress sales at this time.

Santa Maria New & Newer Homes $300,000 - $350,000

In my opinion, Arborwalk is one of the most innovative newer developments in Santa Maria and Orcutt and it offers a truly truly walkable lifestyle for its townhome residents given its ideal location.

Other gated home communities in Santa Maria and Orcutt include Creekside Villas, Hidden Pines, La Vigna at Westgate Ranch, Preisker Gardens, Regency Estates, and the residents of La Ventana and the Villas at La Ventana are considering gating that community. If you are looking for a home in a gated community in one of these Santa Maria or Orcutt developments, call me today for an appointment (805) 878-9879.

Tni LeBlanc, Mint Properties
www.MintProperties.net

*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 market