Santa Maria/Orcutt Real Estate Market Reports – October 2010 to October 2011
These market reports for the Santa Maria/Orcutt area are taken directly from the Multiple Listing Service for Single Family Residences.
If you would like information for a specific area or for a certain price range or for just a specific type of residence, like condos, or for vacant land, contact us at Ocean Breeze Real Estate and we’ll email it to you. Additionally if you would like the statistical data from which these charts are drawn, we will email that to you as well.
Santa Maria/Orcutt’s market is moving along pretty well. The number of homes for sale is down but the number of homes that went pending continue to trend upward. The number of homes sold is down slightly the past couple months but still up from most of the remaining months of the past year. The median price is down 15% from a year ago but the number of months inventory is quite low at 2.2 months. The sales prices are trending upward these past few months. After the holidays when more homes tend to come on the market, it could have an affect on the sale prices and the inventory supply.
Interest rates are so low that potential buyers may want to start their search to buy a home in Santa Maria and Orcutt.
Contact us if you’d like more specific information or are interested in buying or selling home.
For now, Spencer & Margaret Morris
