Focus on South Side Lompoc

This week we're back around to a look at the activity on the south side of town. For a little background on the area and a definition of what we're covering here, go back to the first post I did on the area last year.

Activity in this area as been pretty steady - not anemic, but not exactly on fire. Our active listings in the area are down a little right now, with only 5 houses on the market. Interestingly enough, all 5 of these listings are traditional sellers. That might be the first time I've reported that on any area since I started this blog, but I'm not going to bother to go back and check it.

We have 4 contingent sales in the area (2 REO's and 2 short sales), and 9 pending sales (1 REO/4 SS/4 Trad). Sales activity has been on par with what we'd expect from the market as a whole, with 10 sold units over the past three months (6 REO/1 SS/3 Trad).

When I last reported on this area back in December, I had noted that when I compared sales of 1960's vintage homes, we appeared to be seeing a bit of appreciation in values. That appears again to be the case this time around. Median prices are up on those units about 5% from the previous three month period, and price per square foot appears to be up about 10%. Again, keep in mind that we are dealing with a very small set of data here, so don't put too much stock in these numbers. But still, that appears to be a positive trend.

Next week, I'll move up to the central part of town and see what's been going on there.