Friday, October 12, 2007

North Santa Barbara County Sales For September 2007

The Santa Maria and Lompoc areas have been hit pretty hard this year by the amount of foreclosures and bank owned properties that are on the market. The prices have declined, the inventory has grown and the number of sales has continued to drop. September was no exception. There were 102 transactions in that area which isn't the lowest number for the year. January had that with only 100 sales. I am going to sound like a broken record, but I think that if you are waiting for the market to hit bottom you may be missing the boat. There are homes to choose from, sellers are negotiating and rates are low. This sounds like the perfect time to buy. I think if the agents can get that word out and the press starts picking up on that the tide will turn. See You In Escrow!

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