Focus On Central Lompoc

Back into the groove of writing area-specific posts...

I first covered Central Lompoc back in April. Go have a look at that article for some specifics on what the area encompasses and a description of the homes there.

Central Lompoc is probably the most inventory-heavy area in our MLS at the moment. We have 17 active listings in this area as of today. 5 of these listings are REO's, 7 are short sales, and a surprising 5 are traditional sellers. Another oddity among the active listings in here - 5 of them are pre-1950 construction.

In addition to the active listings, we have 9 contingent listings on the market in the area. The bulk of these - 6 - are short sales, with 2 REO's and 1 traditional seller. These look a little more like the mix I would expect to see for the area, with one older (1903) house, one newer (1982), and everything else pretty much in the 1950's and 1960's.

We also have a big old pile of pending sales in the area, with 16. These are dominated by REO's, with 11, with 3 short sales and two traditional sellers,and again, we have a pretty typical mix of property ages here. And (no big shock) it's been a very active area in terms of sold units over the past three months, with 26 sales. Again, REO's have the bulk of these (18), with 5 short sales and 5 traditional sales mixed in.

Prices in the area appear to be very flat for the year, in line with the rest of the market. Considering that it appears that this area has accounted for around 30% of the sales in our MLS over the past few months, this isn't terribly surprising.

Next week I'll work on North Lompoc, and if I get some time, I'll work up a post about our experiences with trying to buy a house at the courthouse steps. That one might be entertaining...