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November 2008
Nov. 28, 2008 - Lompoc & Vandenberg CA Homes for sale
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.
Tni LeBlanc, JD, M.A. , e-PRO
Broker/Owner
Mint Properties
(805) 878-9879
tni@MintProp.com
www.iLoveLompoc.com
www.VAFBRealEstateSearch.com
www.SantaMariaRealEstateBlog.com
*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.
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Nov. 28, 2008 - Santa Maria CA & Orcutt CA Homes for sale
There are currently 528 single family homes for sale in the Santa Maria CA (and Orcutt CA) area. Approximately 250 of those homes are short sales where bank approval is necessary to complete the sale. About 141 of the remaining homes are bank owned / foreclosure listings. Thus, approximately 50 percent of the Santa Maria inventory is short saled, and about 25% is bank owned (REOs). You can search for short sales and REO Santa Maria homes at www.iLoveSantaMaria.com and www.iLoveOrcutt.com.
Contrary to what many buyers expect there is a great deal of actiivity on the market. Although it is most certainly a buyers market there is a great deal of competition in the market. About 250 homes are currently under contract, and since November 1, 2008, 92 Santa Maria & Orcutt CA homes have sold, 14 of those homes were short sales, and 67 were bank owned properties. In the Santa Maria market, there are frequently multiple offers on properties, especially for well priced foreclosure listings. It is not unusual to bid against 4 or 5 other buyers on a property.
I can help you navigate the current market; my background as an attorney serves as a distinct advantage in buying foreclosures. I have techniques that can help you to succeed in this market. I can also send you a personalized list of foreclosed properties to help you find the buried treasure! Feel free to email me at tni@mintprop.com, or give me a call at (805) 878-9879.
Tni LeBlanc, JD, M.A. , e-PRO
Broker/Owner
Mint Properties
(805) 878-9879
tni@MintProp.com
www.iLoveOrcutt.com
www.iLoveSantaMaria.com
www.SantaMariaRealEstateBlog.com
www.SantaMariaRealEstateSearch.com
*Based on the information from the Central Coast Regional 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.
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View more entries tagged with: Santa Maria Ca Homes, Santa Maria Ca Houses, Orcutt Ca Homes, Orcutt Ca Houses
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Local real estate news and discussion on the Central Coast of California. Hosted by Tni LeBlanc of Mint Properties, a local real estate broker and attorney.
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