The first half of 2010 has been pretty dramatic with the $8000 federal tax credit extension and the introuction of the $10,000 California new home and first time home buyer credit. Buyers were on a roller coaster with the first two months having moderate activity, then a blaze of acvtivity in March and April followed by low activity in May and June. Overall sales for the 6 month period were high with 553 properties being sold in the Santa Maria Orcutt area.
2012 Lompoc CA Mid-Year Real Estate Market Update
Lots of foreclosure activity in the Lompoc homes market. Compared to the beginning of the year in 2011, there was a 52% increase overall. Average list price and sales price are still declining, with the average sales price declining 7.5%. Days on market stayed flat at 90 days in the Lompoc real estate market; however, short sale bank approval is surely affecting this number as inventory continues to be low in most Central Coast markets and activity swift.
If you are considering selling your Lompoc Home and you would like a comparative market analysis, feel free to contact my office at (805) 938-9950 and set up an appointment. If you are interested in buying a home in Lompoc I will be happy to assist you and provide a list of available homes in this development and the surrounding Lompoc CA area.
Tni LeBlanc is an independent Real Estate Broker, Attorney, Short Sale Agent, Certified HAFA Specialist (CHS), Short Sale & Foreclosure Resource (SFR), and Certified Distressed Property Expert (CDPE) serving the Santa Maria, Orcutt and Five Cities area of the Central Coast of California.
* Based on the information from the Central Coast Regional 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 real estate market. School district boundaries are subject to change and must be verified with the appropriate authority. Association dues are subject to change. Nothing in this article is intended to solicit listings currently under contract with another broker. This article offers no legal or tax advice and is for information purposes only. Those considering a short sale are advised to consult with their own attorney for legal advice, and their tax professional for tax advice prior to entering into a short sale listing agreement.
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