Focus On North Lompoc

On up the map we go, moving into an update of market activity in the north side of town. For a definition of the area and the types of homes we are covering here, you can go take a look at the first post I did on the area back in April.

This area hasn't been as active as the central part of town. We have 7 active listings here at the moment (2 REO's, 3 short sales, and 2 traditional). In addition, we have 10 contingent listings here, all short sales.

Sales activity has been pretty solid, with 9 pending sales (3 REO/4 SS/2 Trad). We've seen 17 total sold units in the past three months (11 REO/4 SS/2 Trad). These numbers track very closely to the larger market, both in terms of months of inventory and in the mix of distressed properties.

Comparing the past three months of sales to the previous three months, it appears that there prices have been pretty stable in recent months, with possibly a very slight trend towards appreciation. It's a pretty diverse area in terms of the ages of homes, but when I pull out the age ranges and compare apples to apples, we're seeing slightly higher median sale prices recently, but slightly lower price per square foot numbers. As has been the case in the other areas I've covered, we're working with a small enough data set to have a lot of play in these numbers, so identifying a strong trend is pretty sketchy business.

Next week is Christmas. If I get a chance to post a "Focus On" piece early in the week, I'll cover Mesa Oaks/Country Club. If I don't, it can wait until next week. Even Realtors take Christmas off most of the time.