Currently, there are 184 homes for sale in the Lompoc and Vandenberg Village CA areas. Of those 184 homes, 86 are short sales, and 37 are bank owned properties. So, 45% of the market is short saled and 20% of the market consists of post-foreclosure properties. If you are searching for Lompoc or Vandenberg area homes, bookmark the following sites: www.iLoveLompoc.com and www.VAFBRealEstateSearch.com. Both of these sites allow you to freely search for Lompoc area listings.
Inventory is moving at a quick clip in this market as well, and is essentially driven by the foreclosure properties. Of the Lompoc homes sold since November 1, 2008, over 70% were bank owned properties. A total of 18 properties sold since November 1st, and 13 were REOs, and only 3 were short sales. There are currently 55 homes under contract in this market.
If you would like to receive a list of Lompoc properties, please give me a call at (805) 878-9879, or send me an email at tni@MintProp.com. Please indicate if you would like a list of newer homes, luxury homes, foreclosure properties, and/or condos. I can help you take advantage of this foreclosure driven market.
*Based on the information from the Lompoc Valley Association MLS. Neither the Association, the Multiple Listing Service, or Mint Properties guarantees or is in any way responsible for its accuracy. Data maintained by the Association or its MLS may not reflect all real estate activity in the market.