Focus On South Vandendberg Village

Well, this isn't going to take long, because there isn't much to talk about. But South Vandenberg Village is back around in the rotation, so I'm going to be stubborn and cover it anyway. For some background on the area and a description of the homes I'm covering here, go check out my first post on the area.

The last time I covered this area, I remarked that we weren't just thin on inventory here, we are downright anorexic. And now I think it's gone even thinner. We have 2 active listings in the area now, one REO and one traditional seller. And actually, that "traditional" seller isn't all that traditional - it's a relocation company. Those might as well be REO's in that they are corporate owned, and this particular one has been on the market since the age of dinosaurs with a succession of listing agents and offices, priced at a level that has no chance of getting it sold.

But I digress...

In addition to both of those listings, we have one contingent listing, a short sale, and one pending, an REO. And it's not like we're lacking inventory here because everything sold - we only have one sold unit in the past three months, a traditional seller.

I really don't know to what we can attribute this extended drought in listing and sales activity. It's not the most heavily populated area in our market, but this is kind of perplexing. At any rate, with so little activity, I wouldn't want to draw any conclusions about price trends in here. I expect that it should track pretty well with the market as a whole, but we'll need more activity to really be able to say how things are going here.