Once an agent, always an agent; it is just in my blood! I can’t resist checking out the stats for the Santa Maria Valley one more time, even though I am now in Oklahoma! I have been wondering how the first six months of 2014 played out vs. the same time period in 2013, so here is a handy chart showing some neat data!
The following chart shows the same information: for sale, sold and pending sales, but for a larger time frame: from January 2013 through July 2014, so you can see the bigger picture. Inventory literally doubled over the past year!
Pending sales are up, and those sales should be closing in August and September, considering most escrows close in 45-60 days. It does seem as though the Santa Maria market has stabilized, with buyers finally having choices again, and sellers being able to move on. The Tulsa market is quite different, at least from this newcomer’s viewpoint, and folks do not see huge gains in appreciation the way Californians so often do. In fact, it seems to me like 5% is a lot. So those of you on the beautiful Central Coast — appreciate what you have, or if a buyer, appreciate what you can have and don’t stress so much over a little up and down movement in the market — it will all even out eventually!