Monday, October 27, 2008

Lompoc And Santa Ynez Valley Home Sales

I'm seeing a recovery going on in the Lompoc area. With 64 properties selling in September. Most of them being homes.  I'm sure that the increased home sales are not just a short term trend. 21 of these properties sold for $200,000 or less. Another 21 sold for $300,000 or less, and 22 properties sold for over $300,000.
It would appear to me at first glance that the 2 higher priced sales in Lompoc were commercial buildings.
  • 1225 N. H St. $1,050,000
  • 129 W. Central $1,500,000

Moving on to the Santa Ynez Valley area, there wasn't much activity. 7 sales in total with 4 of the 6 being $1,600,000 or over.
  • 2920 Bramadero Rd. $1,600,000
  • 3080 Montecielo Rd. $1,775,000
  • 1080 Viendra Rd. $2,050,000
  • 1925 Still Meadow Rd. $2,300,000
What is being seen in the Lompoc area is indicative of what I'm hearing about across southern california and the country. There are many areas, most of them the ones that were hit hardest by foreclosures that are now seeing activity because of the the low prices. Having the volume of sales increase is the first sign things are going in the right direction.

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