Friday, September 5, 2008

Lompoc And Santa Ynez Valley Sales

As the Real Estate Market begins to get its feet back under it, I have been noticing some pockets of activity. One of those pockets this month was the Santa Ynez Valley.

There were 17 transactions that closed in July. The areas covered by the Santa Ynez Valley include Solvang & Buellton, Los Olivos, & Santa Ynez. These are all very wonderful neighborhoods with their own identities.

If you dig in to the details in this area, there were a number of properties that sold over 1 million with 1 property that closed over 5 million.

Other than that, Lompoc had a busy month as well with 58 transactions. For an area that had been hard hit by the foreclosure market and had dipped way below that number this is another good month.

Lompoc's prices are pretty appealing based on what they had been just a few short years ago. Many of the homes are selling in the $250,000 range. That is very affordable for that area.

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