Let's look at some numbers:
Active Listings: 119
Contingent Listings: 42
Pending Listings: 40 (19.9% of the inventory)
New listings: 7
Months of inventory: 6.7Click here for the updated price per square foot chart.
That little spike of pending listings that we had a couple of months ago seems to have settled back down in recent weeks. For some reason, it never quite panned out to an increase in sold units - quite to the contrary, they've been declining over the past few weeks. I'm not sure what's going on there. If I can find the time, I might try to analyze what happened there.
Later this week I'll have a South Vandenberg Village update.
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