Tag Archives: lompoc homes

Lompoc 2011 January 2011 Real Estate Market

Posted on February 27, 2011 by Tni LeBlanc, JD, MA, CDPE, REALTOR®

Lompoc January 2011 Real Estate Market Continue reading →

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2010 Lompoc Real Estate Market Update

Posted on February 2, 2011 by Tni LeBlanc, JD, MA, CDPE, REALTOR®

It’s the beginning of a new year, so many people are waiting anxiously to hear how many homes and condos were sold in Lompoc last year, what the average sale price was, and how it compared to 2009. Continue reading →

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Lompoc Luxury Homes: Foreclosure Real Estate Update

Posted on October 18, 2010 by Tni LeBlanc, JD, MA, CDPE, REALTOR®

Looking at the luxury real estate market in Lompoc California, there are currently 29 homes priced above $400,000 with an average list price of about $592,000 and 145 days on market, and a median asking price of $499,000. Looking at the luxury foreclosure market, there was only one active luxury foreclosure listing and there were 2 available short sales in Lompoc. Continue reading →

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2010 Snapshot: Lompoc Foreclosures

Posted on September 28, 2010 by Tni LeBlanc, JD, MA, CDPE, REALTOR®

Lompoc California foreclosure activity: There are 213 active and pending homes and condos in Lompoc currently. Of those 213 properties, 49 homes and condos are foreclosures and 80 are short sales. So, 60% of Lompoc inventory is either a bank owned property or a distress sale. The median asking price for an actively listed home is $245,000 with 68 days on market; for condos the median is $135,000 with 49 days on market. Looking back six months, there have been 227 sales in Lompoc with an average listing price of $235,353, and an average selling price of $234,060, so sellers are getting about 99.4% of their asking prices in Lompoc indicating that there is not much bargaining room for buyers in this market. Continue reading →

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Does 'Days on Market' Always Tell the Whole Story?

Posted on December 31, 2009 by Tni LeBlanc, JD, MA, CDPE, REALTOR®

It’s the end of the year and time to begin compiling data and drawing conclusions about what the real estate market was like in Santa Maria and Lompoc this past year. Often, sellers and buyers rely on “days on market” to tell them additional and useful information about the real estate market. However, as with any one statistic, days on market can be an unreliable and misleading indicator of true market conditions. Continue reading →

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Santa Maria & Lompoc Buyers Betting on Appraisals to Save Them From Bidding Wars

Posted on November 20, 2009 by Tni LeBlanc, JD, MA, CDPE, REALTOR®

There is intense competition for homes in the Santa Maria and Lompoc markets, especially for homes priced under $300,000. There simply aren’t enough homes for interested buyers. It is not unusual when competing for a home to go up against 12 – 15 other buyers. And, some are pulling no punches when it comes to asking price. Continue reading →

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CAR HAF Announces the Mortgage Protection Program

Posted on September 30, 2009 by Tni LeBlanc, JD, MA, CDPE, REALTOR®

The California Association of Realtors has announced the creation of a Mortgage Protection Plan for first time home buyers. This program was developed to give first time buyers some incentive to buy homes in an uncertain economy. Although buyers don’t seem as if they need any further incentive to buy right now, with bidding wars and multiple offers the usual situation in the Santa Maria and Lompoc markets, when this program was conceived buyers were very hesitant to enter the housing market. Continue reading →

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Cal STRS Home Loan Program for Santa Maria & Lompoc Teachers

Posted on August 30, 2009 by Tni LeBlanc, JD, MA, CDPE, REALTOR®

Local teachers in Santa Maria & Lompoc may be eligible for the home ownership loan programs available through the California State Teachers Retirement Program (“Cal STRS’). Eligible participants can apply for several different loan options which can increase borrowing power and lower down payment requirements. Currently, Cal STRS offers a zero down option using a two loan 95% and 5% structure, as well as a low down option using a two loan 80% and 17% structure Continue reading →

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Santa Barbara County Property Tax Informal Assessment Review Requests Due March 15, 2009

Posted on February 28, 2009 by Tni LeBlanc, JD, MA, CDPE, REALTOR®

For those who wish to request an informal property tax review from the Santa Barbara County Assessors office, the deadline to apply is March 15, 2009. It appears that the dealine for an informal review has moved up two months, as the previous year’s form had May 15th as the deadline to apply for informal review. By applying, you can submit comparative sales to help the Assessor’s office come up with a reasonable value for your property for tax assessment purposes. Continue reading →

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Vandenberg Air Force Base Buyers VA Loan 100% Financing Home Buying Tips

Posted on March 15, 2008 by Tni LeBlanc, JD, MA, CDPE, REALTOR®

Now that home prices have declined significantly on the Central Coast, we are beginning to see the return of VA financing. VA financing limits the purchase price of a home to $417,000, which was the previous FHA limit as well. … Continue reading →

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