Townhome in Gated Arborwalk Community in Santa Maria CAThe Arborwalk and Autumn Glen townhome communities are newer homes built between 2003 – 2006 and offer an ideal location in south Santa Maria. Both communities are close to shopping, restaurants and other amenities. Arborwalk is a gated community at the intersection of Miller & McCoy, and Autumn Glen is located across from the Crossroads Shopping Center at the intersection of Crossroad Lane & Bradley Rd. The Autumn Glen community is smaller in size than Arborwalk and offers townhome floorplans from 1500 – 1800 sq. ft. in size. The Arborwalk community offers larger model townhomes with floorplans that range from 1600 sq. ft. up to about 2400 sq. ft. in size. Both offer sideyards or patios and HOA fees that are under $100 per month. Arborwalk recently reduced monthly dues to $88 per month.
In the past 6 months, seven homes were reported sold in the Arborwalk development, with sold prices which ranged from $245,000 – $277,000. The median price was $260,000 and the average price per square foot was about $126. Of the seven sales, one was a short sale, one was a regular sale, and five were foreclosures (REOs). Current asking prices for active/pending listings in Arborwalk range from $249,000 to $278,900. In the last 6 months, 7 homes have sold in the Autumn Glen development with sold prices which range from $230,000 to $263,000. The average selling price in Autumn Glen was about $244,000 and the average price per square foot was $142. Of the seven that sold, only one was a regular sale, two were foreclosures (REOs), and four were short sales.
If you are interested in a townhome in one of these developments, click here to search for homes in Arborwalkand click here to search for homes in Autumn Glen. If you are ready to buy in one of these developments, give me a call at (805) 878-9879 and I will set up a tour. I also have a new listing coming up in Arborwalk this week, check back here for details.
*Based on the information from the Central Coast Regional MLS. Neither the Association, the Multiple Listing Service, or 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.
The Santa Maria/Orcutt CA market for foreclosure properties is certainly not unique. However, because of media reports on overall trends in the national real estate market, many who venture into the local home buying market are under the misimpression that there are hundreds of cheap houses sitting out there for the picking. That is not exactly how it is currently working. I might say that about the local condo market — but not the market for homes. That is not to say that there are not bargains out there. There clearly are. But, the local market for foreclosed properties is extremely competitive. On one particularly choice recent bank owned listing, the listing agent reported 28 offers in 5 days.
Currently, there are 233 active, contingent and pending short sales on the Santa Maria real estate market. In total there are 513 active, contingent and pending homes. So, about 45% of the current market for homes in Santa Maria is comprised of short sales.
