Courtesy of Central Coast News. Originally published on April 11th, 2012.
SANTA MARIA – It’s a promising sign for Santa Maria’s stagnant housing market.
Sales of new homes are finally showing signs of life.
It’s a landmark to a Santa Maria housing market that came screeching to a halt when the bubble burst back in 2008.
Only now its 2012 and brand new homes in the Lavigna residential development on Santa Maria’s west side are starting to sell again.
With prices starting in the low $200,000′s, coupled with historically low mortgage interest rates, first-time home buyers are finding a rare, affordable opportunity to live in a brand new house in a gated community near the center of town.
“It’s a private community, and its real child friendly and the neighbors are really nice”, says Lavigna homeowner Mary Martinez, “its just very well kept, very clean, seems like everybody is friendly here, I have no problems with the neighbors.”
After consecutive years of little or no activity at all the Lavigna development here maybe the first indication that new housing construction in Santa Maria may finally be on the rebound.
Sources say all of the homes in the first phase of the Lavigna project site have now been sold.
Construction on Phase Two is expected to begin soon.
The number of new building permits issued in Santa Maria remains very low.
But this recent surge in new home sales is expected to help jump-start the overall local home-building industry.
To read the original article, visit http://www.kcoy.com/story/17390650/new-houses-selling-in-santa-maria.
