Hope everybody had a good Flower Festival weekend. I hadn't made mention of it here, but the Lompoc Valley Association of Realtors had a float in the parade this year for the first time in a long, long time. I spent a little time on it running up to the big push on Friday, when we were putting fresh flowers on. And Friday was a long day of gluing flowers. We had a big crew of agents, escrow officers, lenders, and other affiliate members of our association out working on it. Big congratulations and thanks to our friend and colleague Connie Barlow at Century 21 for heading this up and working like a maniac on the project for months to make it happen. It turned out to be really cool - maybe you saw it. The one with the octopus. We got beat out for first place by the Elks, but we had a huge crowd pleaser.
Let's take a look at this week's market stats:
Active Listings: 111
Contingent Listings: 46
Pending Listings: 43 (21.5% of the inventory)
New listings: 11
Months of inventory: 4.4
Click here for the updated price per square foot chart.
No big change in the numbers this week. Our inventory has jumped up after month of being nearly non-existent, and pending sales have dropped off a bit. It's probably an indication that the third quarter is going to see some decline in sales this year unless we start to see a jump in pending sales pretty soon.
Later this week I'm going to go back into strategic defaults. I had made a mini-post about it a few weeks ago, but there's some new information that has come out recently.
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