Orcutt real estate market Archives | Vandenberg AFB Homes

2014 Orcutt CA End of Year Real Estate Market Update

January 12, 2015
Vandenberg AFB Homes
Central Coast Real Estate, Market Trends, Orcutt

2014 Orcutt CA End of Year Real Estate Market Update If you are considering selling your Orcutt CA home and you would like a comparative market analysis, feel free to contact my office at (805) 938-9950 and set up an…

How Many Homes Were Sold in Orcutt in 2010?

It's the beginning of a new year, so many people are waiting anxiously to hear how many homes and condos were sold in Orcutt last year, what the average sale price was, and how it compared to 2009.

2010 Snapshot – Orcutt Foreclosure Market Update

September 27, 2010
Vandenberg AFB Homes
Foreclosure / Bank Owned (REO) Info, Santa Maria

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.

Selling Your Home as a Short Sale in the Santa Maria CA & Orcutt CA Market

Short sales dominate the Santa Maria and Orcutt CA market. Simply put, short sales are sales where the owner owes more than the house is currently worth. Currently, 50% of the active listings in Santa Maria and Orcutt are short sales. However, 60% of the homes sold in the past 30 days are bank owned homes (REOs), and only 10% of sold homes in the last month were short sales.