If you are thinking of selling your home, now is a great time!  There is a demand for nice homes at a reasonable price, and locally in the Santa Maria Valley real estate market, we are experiencing multiple offers on properties that meet that description.  The market is no longer dominated by bank-owned REOs and short sales, but is more equalized, as anyone who follows my Monday market reports knows. The chart below tracks multiple offers from 2000 – 2011 in California; it is too soon to track 2012, but from personal experience in our local market, I can vouch for the fact we are getting them.

Santa Maria – Orcutt Market

As of this morning, there are 93 active listings in the categories of Single Family, Condo and PUDs.  Of the 93, 65% (60) are traditional and 35% (33) are “distress” offerings.  Short sales are at 19, and REO bank-owned properties are only 14.  That is quite a turn-around from just a few months ago, when we had mostly distress properties for sale.

Across California

Sellers, plan ahead.  Please call me for a no-pressure discussion of how you can maximize your chances for a successful sale in today’s changing market.  I can be reached at (805)937-5777 or send an email!