Focus On South Vandenberg Village

This week I'm actually getting around to my mid-week blog post in the middle of the week. What a concept!

We're back around to a look at South Vandenberg Village this time around. For a little background on the area and a description of the homes covered here, check out my first post on the area from early 2009.

For the past couple of years, this has been one of our lower activity areas, and it still is. We have a few more listings up there than we did a year or so ago, but that doesn't mean much. There are 6 active listings here - 2 REO's, 3 short sales, and 1 non-distressed sale.

If you've had a dearth of inventory recently, chances are pretty good that you haven't had many sales either. (Hey, try to find this kind of insight anywhere else!) We only have one contingent short sale and one pending non-distressed property this afternoon. And over the past 3 months, we've seen 2 sold units, both REO's.

As I've said here before, when we have this low level of activity, it really makes it hard to pinpoint a price trend. I can tell you that both of those sold units from the past 3 months needed quite a bit of work, so that would at least on the surface make it look like values have declined a bit.

Next week I'll have an update on short sale activity. Just in time for the holidays!