Pismo Beach foreclosures Archives | Vandenberg AFB Homes

2010 Snapshot – Pismo Beach Foreclosure Market

September 24, 2010
Vandenberg AFB Homes
Central Coast Real Estate, Foreclosure / Bank Owned (REO) Info

Pismo Beach, California foreclosure activity: There are 139 active and pending homes and condos in Pismo Beach currently. Of those 139 properties, 9 homes are foreclosures and 12 are short sales. Looking back six months, there have been 35 sales in Pismo Beach with an average listing price of $671,239, and an avergae selling price of $616,669, so sellers are getting about 91.8% of their asking prices in Pismo Beach

2009 Pismo Beach Real Estate and Foreclosure Market Update

Trying to beat the heat? Looking for a vacation home in Pismo Beach CA? It may be the right time to pick up a beach getaway on the central coast. The number of homes reported sold in Pismo Beach in 2009 was down 14% compared to 2008, and the average sales prices is also down 10%. The number of foreclosure sales (REOs) tripled from the previous year. In 2008, there were only 4 REO sales in Pismo Beach, and in 2009 there were 12 foreclosure sales.

Buying Central Coast Foreclosures: Pre-Qualification Blues

March 3, 2009
Vandenberg AFB Homes
Central Coast Real Estate, Foreclosure / Bank Owned (REO) Info

Home buyers focusing on central coast foreclosure properties are running up against lender pre-qualification requirements when bidding for bank owned properties. Many of the bank owned (REO) property listings require that potential buyers get pre-qualified with their company in order to place a bid on the property. Countrywide, Wells Fargo and Fannie Mae (Express Path) listings frequently have this requirement.

Santa Barbara & San Luis Obispo County Foreclosure Mini-Market Update

Are we beginning to turn the corner on foreclosures on the central coast? The number of notices of default ("NODs") filed in both counties marked a sharp decline last month.

Pismo Beach, Arroyo Grande & Grover Beach CA Foreclosure Market Update

There is a tremendous amount of interest in buying second homes in this market. Due to the financial and housing crisis, some are taking the opportunity to buy a vacation home on the central coast. Although, we have most certainly seen significant price reductions, foreclosure activity is relatively low in Pismo Beach, Arroyo Grande & Grover Beach compared to the nearby northern Santa Barbara communities of Santa Maria, Orcutt, & Lompoc.