pismo beach ca short sales Archives

Pismo Beach & Shell Beach CA 2008 Market Update & MLS Search

A total of 82 single family homes and 15 condos sold in Pismo Beach and Shell Beach in 2008. The average list price of homes sold was $990,900 and average selling price was about $895,000 The average list price of sold condos in the area was $622,620 and average sellng price was was $586,000. Listings that sold were on the market an average of 112 days. Average price per square foot for Pismo Beach and Shell Beach condos was $399, and average price per square foot of sold homes was $458.

Should I Make an Offer on a Central Coast Short Sale Property?

January 12, 2009
Vandenberg AFB Homes
Central Coast Real Estate, Short Sale Info

Short sales are popping up all over the Central Coast of CA due to the recent housing boom/bust. Many buyers are interested in these properties because they offer the possibility of today's prices with less competition from other buyers.

Central Coast of California Short Sale Seller Tips

January 2, 2009
Vandenberg AFB Homes
Central Coast Real Estate, Short Sale Info

Short sales are common these days. Santa Maria has 255 active short sale listings, Lompoc lists 72 short sales on the market, Nipomo has 14, and Arroyo Grande also has 14 active short sales. The difficult part is obtaining “lender approval” which adds delays to the process. Because approvals attach to a specific buyer, it is vital to find a committed buyer for your short sale. Often lenders require the process to start over if the buyer abandons their offer. This can draw out the process even further. But it is important to note that short sale transactions are closing all over the Central Coast. In the month of December, 18 short sales closed in Santa Maria (2 of these were my listings), 2 in Lompoc, 2 in Nipomo, and 1 in Arroyo Grande.