Friday, April 11, 2008

Lompoc And Santa Ynez Valley Sales

March was a month you would expect to see the home sales activity pick up in Santa Barbara County. Just a brief observation of the numbers tells me that the low end of the market appears to be getting the price point figured out.

Lompoc would be one of those communities. There were significantly more sales in Lompoc in March than there had been in about a year. Maybe that is because of all the beautiful flowers in the area this time of year.

Something a bit uncharacteristic is that Lompoc had the highest sale for the Lompoc Santa Ynez Valley area. According to the CORT figures it was a property at 2210 Point Sal Loop which sold for $4,543,500. You might get an argument that this property is closer to Santa Maria than Lompoc.

Everything else over 1 million on the latest map was in the Santa Ynez, Buellton, Solvang, Los Olivos areas. Some of the properties didn't have specific addresses. I can only assume they were vacant parcels.

$1,300,000 386 Meadowlark Rd Santa Ynez
$1,500,000 Refugio Rd Los Olivos
$1,600,000 W Oak Trail Rd Los Olivos
$1,737,500 1525 Dove Meadow Rd Buellton/Solvang
$1,850,000 3290 Buck Canyon Rd Los Olivos
$2,200,000 Mesa Verde Rd Buellton/Solvang

Now on the other end of the spectrum there were 6 properties that transferred in March according to CORT for under $200,000. They were all in Lompoc.

$17,600 3/13/2008 1321 W Lime Ave Lompoc
$115,000 3/18/2008 520 E Chestnut Ave Lompoc
$138,500 3/18/2008 3980 Celestial Ave Lompoc
$163,000 3/14/2008 202 N R St Lompoc
$175,000 3/31/2008 922 N O St Lompoc
$184,000 3/14/2008 3821 Cassini Cir Unit 2 Lompoc

Make sure you check out the property map for all the sales information reported by CORT in Lompoc and the Santa Ynez Valley.

See You In Escrow!

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