Monday Morning Numbers 5/4/09

Good morning, and welcome to another exciting edition of Monday Morning Numbers! Here's what's happening in the Lompoc real estate market today:

Active Listings: 100
Contingent Listings: 38
Pending Listings: 49 (26.2% of the inventory)
Price changes for the past week: 6 (4.4%)
Click here for the up to date price per square foot chart.

About the only thing that changed from the previous week was a slight increase in pending listings. That seems to have been the trend over the past few weeks. Demand remains strong, inventory remains thin. This is not a recording, but sometimes is seems like it might as well be. We have about 5.3 months of inventory on the market today.

A quick look at upcoming REO inventory shows that we have around 40 unlisted bank owned properties that should be hitting the market at some point (that's been a very steady number for a month or so now) and somewhere in the neighborhood of 100 unresolved Notice of Trustee Sale recordings (that number has been edging up). We've been watching Trustee Sales very closely for a couple of months, and the overwhelming majority of scheduled sales are getting postponed repeatedly. At some point, several of those are going to go back to the bank. But for now, I don't see an imminent change in our inventory levels.

The "Focus On" piece later this week will take a look at activity in Mesa Oaks & the Country Club.