Santa Maria – Orcutt Monday Market Update

GraphicSanta Maria Valley is now experiencing the highest inventory in months!  This is great news for buyers, but for sellers — there is a little more competition.  Sales are going along, but not at a pace that would be worthy of writing home about.  It would be safe to say the new year is off to a medium to slow start, hopefully gearing up for the touted “Spring Market” that often occurs from April to June, when school lets out for the summer.  June will slow down again, as it is a month laden with activities that outshine house-hunting: weddings, graduations, Father’s Day, the conclusion of the school year and the start of vacations.

Here are the results for last week.

Feb 16 - Feb 22  2014

 

 

 

 

 

 

 

Let’s take a look at the same time frame in 2013!

Feb 17 - Feb 23

 

 

 

 

 

 

 

A considerable improvement for 2014 on several counts: market values and lack of short sales and REOs.  It is a solid indication that our local real estate market is healing nicely!

For more information about our market, or to discuss buying or listing a home, please give me a call at (805)937-5777 or complete the Contact form below.  Thank you!

 

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