Providence Landing in Vandenberg Village, CAProvidence Landing: New Homes in Lompoc’s Vandenberg Village
This week, Capital Pacific Homes invited local agents and REALTORS to an open house for their new community, Providence Landing, located in Vandenberg Village. It was a fun opportunity to tour their new home models again. During the behind the scenes private viewing, Capital Pacific revealed the new builder incentives they are offering buyers which include:
The model homes looked fantastic and the generous features offered ensure Providence Landing will remain a premier community in Lompoc well into the future. The six floor plans offered range from 1628 square feet to 3265 square feet, and prices ranged from the high $300,000’s to the high $400,000’s. Standard features include tankless water heaters, network hubs, and 5 ¼ inch baseboards. Community amenities include:
• Basketball courts
• Barbeque area
• Tennis courts
• Walking trails
• Pool, Spa, clubhouse
If you are in the market for a new home in the Lompoc area, Providence Landing is a beautiful community of homes that you should consider. As with any new home purchase, it is highly advisable for you to have your own representation when buying a new home; as the sales staff typically work exclusively for the builder. Best of all, having your own REALTOR costs you nothing. Call me today at (805) 878-9879 to view these lovely new Lompoc homes.
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.
Many investors that I am currently working with in the Santa Maria and Lompoc real estate market are paying all cash for their rental homes. That is why the market for foreclosures is so difficult for Santa Maria home buyers using FHA/VA financing; it is difficult to compete against a cash offer on a foreclosure where the bank wants to make no repairs to the property.
