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Santa Maria Homes – Traditions at Bradley Square Update

Santa Maria Homes – Traditions at Bradley Square Update

The Traditions at Bradley Square is community of newer homes for sale in southeast Santa Maria; it is near much of the new shopping in south Santa Maria (Best Buy, Home Depot, TJ Maxx) and it is also adjacent to the award winning Rotary Centennial Park.  Because most of 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 8 sales in the Traditions Development, 5 were foreclosures, and 3 were successfully closed short sales. The average sale price was $364,250, compared to an average list price of $370,300; average price per square foot paid by Traditions at Bradley Square home buyers was $155.20, with a brisk 64 days on market.

Santa Maria Homes $250,000 – $300,000

So, Sellers are receiving about 98.3% of their asking price in the Traditions development, indicating that the development still has much appeal for buyers.  There are currently 3 pending home sales in the Traditions homes for sale in Santa Maria. The average asking price was slightly higher at $373,333, but the price per square foot was $147.91.  There are four contingent short sales currently, with a median asking price of $355,000.  At present, there are no active properties in Traditions, indicating that this neighborhood still has a great deal of appeal for buyers.  Even still, the majority of homes sold in the Santa Maria Traditions development are distress sales at this time.

Santa Maria Homes $300,000 – $350,000

The Traditions is a charming community close to all the amenities in Santa Maria that home buyers want. Other newer home communities in Santa Maria and Orcutt include Classics at Bradley Square, Stonegate, Cobblestone Creek, Jensen’s Crossing,  Pacific Crest Estates, and La Ventana.  If you are looking for a home 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

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 Copyright © Tni LeBlanc 2010*Santa Maria Homes*

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2010 Snapshot – Orcutt Foreclosure Market Update

There are 295 active and pending homes and condos in the Orcutt zip code of 93455. Of those 295 properties, 41 homes are foreclosures (13.8%) and 113 are short sales (38.3%). So currently, over 50% of the Orcutt market is either a bank owned property or a short sale. Average asking price overall was $337,392, asking prices for foreclosures was significantly lower at $256,678, and for short sales it was $269,678.
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