Focus On North Vandenberg Village

I know, I know, it's Saturday and I should have had this done a couple of days ago, and I know that everyone has been on pins and needles waiting to see what's happening up in North Vandenberg Village. Sure... OK, for a description of the area and properties we are covering here, go back to my first post on this from last year.

Things have been generally slow up in this area in recent months. We only have 8 active listings in the area (2 REO's, 2 short sales, and 4 traditional sellers). And there are no contingent listings to report in the area as of this afternoon.

Sales have been slow as well when you look at raw numbers, but in terms of months of inventory, we're probably a little more robust there than the market as a whole. We only have 2 pending sales in the area, both traditional sellers. We've had 8 sold units there in the past three months (2 REO/1 SS/5 Trad).

It would appear that we are seeing a little less activity recently here in distressed properties, which is probably helping hold values a little bit. There aren't a lot of data points to use, but when I compare the sales over the past three months to the three months previous to that it looks like prices have been very flat recently.

Next week I'm going to go back into a short sale discussion. I know it hasn't been all that long since I covered them, but I have some new and interesting data to share with you that might give us some insight into what to expect for the foreseeable future.