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. However, the sold data from the last 6 months creates a different picture, of the 16 luxury home sales, 1 was a foreclosure sale, and 6 were short sales. So, luxury and estate home buyers in the Lompoc real estate market have an appetite for foreclosure and pre-foreclosure bargains.
Overall, of sold luxury homes, the average list price was $486,000, and the average selling price was $469,250. So, Lompoc luxury home sellers are getting about 96.5% of their asking price and about $161 per square foot. Looking just at luxury short sales, the average selling price was about $453,000 compared to an average asking price of $446,500. So, luxury short sales in Lompoc are being sold for close to their list price, indicating a competitive market for executive and luxury homes and real estate.
In the Lompoc Valley area, the executive and luxury home market includes developments such as Mesa Oaks, Village Country Club, Vandenberg Village, The Bluffs, and La Purisima Estates and Lane’s End.
*Based on the information from the Lompoc Valley MLS. The Association, the Multiple Listing Service, nor 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.
In July 2006, Mint Properties opened an office in the Mission Creek Plaza on Santa Maria Way. Tni’s stated aim is to offer the highest quality representation and professional service to her clients. Independence affords her the ability to avoid a volume driven approach; the result is prompt, reliable, individualized service coupled with straightforward advice. Indeed, she brings the same level of professionalism to real estate as she did to the law.
I know the media is saying that the real estate market is in the dumps. And I guess if you were hoping to get housing boom level prices for your home, it is. But if you are a Santa Maria or Ocutt home owner who needs to sell your home, you should know that the Santa Maria real estate market is hot! Why do I say that? Because homes that are priced in line with today's market that are not short sales, sell in less than a week. I feel as if this is a hidden secret of today's market place. Everyone believes that it is hard to sell your home right now, but even short sales that are well priced are receiving multile offers right now.