2011 Real Estate Market Update -- Vandenberg Village Home Sales

By
Real Estate Broker/Owner with Mint Properties, Lic. #01871795 Lic. #01871795
https://activerain.com/droplet/tjl
 

 

Vandenberg Village

2010

2011

Homes Sold

61

83

Average List Price

$320,212

$291,701

Average Sales Price

$314,489

$280,710

Days on Market

81

87

$ per Square Foot

$170

$141

Foreclosures

15

22

Short Sales

10

16


Looking at the sales figures for 2011, 
sales activity in Vandenberg Village increased 36% overall and the average sales price  decreased 10.7%.  Distress sales (short sales and foreclosures) comprised 45.7% of the market overall.  In 2010, distress sales were 30% of the market, so this is a definite increase.  And, days on market edged up slightly from 81 in 2010, to 87 days in 2011.  Overall, the market in Vandenberg Village still appears to be declining with foreclosures and short sales playing a big part in that.  And like many areas on the central coast, until there is a reversal or improvement in the amount of distress sales, that trend is likely to continue.

If you are considering selling your Vandenberg Village CA home and you would like a comparative market analysis, feel free to contact my office at (805) 938-9950 and set up an appointment.  I specialize in short sales and distress sales.  If you are interested in buying a home in Vandenberg Village CA, I will be happy to assist you and provide a list of available homes in Vandenberg Village CA and the surrounding area.

Tni LeBlanc is an independent Real Estate Broker, Attorney, Short Sale Agent, Certified HAFA Specialist (CHS), and Certified Distressed Property Expert (CDPE) and Short Sale and Foreclosure Resource Agent (SFR) serving Santa Maria, Orcutt, Lompoc, Nipomo, and Arroyo Grande on the Central Coast of California.

* Single family detached in Vandenberg Village.  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 real estate market.  School district boundaries are subject to change and must be verified with the appropriate authority.  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.

Copyright © 2012 Tni LeBlanc *2011 Real Estate Market Update — Vandenberg Village Home Sales*

Posted by

Tni LeBlanc, Broker
(805) 878-9879 mobile/text

tni@mintprop.com
www.MintProp.com
CalBRE #01871795

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Rainer
216,022
Joe Kenny
Realty Executive Midwest - Darien, IL
Better Than Your Average Joe

TniLeblanc, thamks for posting a nice sunny home.  I can't wait until it's starts getting warm and sunny around here.  Interesting numbers by the way.  It's a good life,

Feb 15, 2012 02:53 PM #1
Rainer
205,520
Mark Delgado
houses for rent, Solano County & Glen Cove - Benicia, CA
Benicia and Vallejo, Property Management, rental h

Tni, it has been a while since we've been in touch but I can see from this market summary that you are still providing folks valuable information. 

Feb 15, 2012 02:59 PM #2
Rainmaker
1,792,271
Ginny Gorman
RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI
Homes for Sale in North Kingstown RI and beyond

Tni, I think most areas even here are still feeling the decline even a bit...the sales are happening though in Vandenberg Village which is encouraging...as the Santa Maria short sale agent of choice for the area you provide the needed and helpful information distressed homeowners need...call Tni LeBlanc for a confidential conversation on your home situation...best of luck

Feb 15, 2012 11:09 PM #3
Rainer
307,368
Kim Carlson 480-993-9384
www.NowSellingAZHomes.com - Mesa, AZ
Valley of the Sun Realtor, Seller Specialist

Good Morning Tni, Nice picture and great details, good luck with a quick sale.

Feb 16, 2012 12:17 AM #4
Rainer
72,604
Lang Premier Properties
Lang Premier Properties - Clawson, MI
Metro Detroit Real Estate Group

The weather looks great there!

Great job on your market update...your area is lucky to have someone who puts such detail into their reports!

Feb 16, 2012 12:30 AM #5
Rainmaker
1,375,917
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Tni, let's hope the short sales and foreclosures at least stabilize in your market. Nice market report.

Feb 16, 2012 01:11 AM #6
Rainmaker
1,560,731
Carla Muss-Jacobs, RETIRED
RETIRED / State License is Inactive - Portland, OR

This is a great example of why local agents know their market.  For agents doing them, they really provide a lot of insight to the local market. Great 2010 to 2011 comparison of the Vandenberg Villiage segment of the very local market.

Feb 16, 2012 07:27 AM #7
Rainmaker
398,751
Kerry Lucasse
eXp Realty - Nest Atlanta Team - Atlanta, GA
Your Nest Atlanta Real Estate Consultant

I agree with Carla!  Not only do the reports make you understand your market inside and out, you're providing a great service to your neighbors.

*** I also noticed your Google Voice widget on the right nav bar -- that is fantastic!  I have to figure out how to add mine! 

Feb 16, 2012 08:23 AM #8
Rainmaker
4,797,261
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Very good summary Tni, it's easy to see the changes in your market from 2010 to 2011.

Feb 16, 2012 10:00 PM #10
Rainmaker
732,603
Eileen Hsu
Douglas Elliman Real Estate - Manhattan, NY
LICENSED REAL ESTATE SALESPERSON

A larger volume of transactions but at lower prices is always an interesting metric to look at.  Thi s is definitely useful information for buyers and sellers in your area.

Feb 16, 2012 10:57 PM #11
Rainmaker
316,101
Sandy Acevedo
951-290-8588 - Chino Hills, CA
RE/MAX Masters, Inland Empire Homes for Sale

.Hi Tni, great market report. It is always nice to see that a good market report can get featured. Well done!

Feb 16, 2012 11:37 PM #12
Rainmaker
102,592
Stephanie Anson
Secure Investments Realty - Gainesville, FL
Estates | Homes | Land | Investments

Tni, thanks for sharing this great report. Keep up the good work as a top Santa Maria short sale agent!

Apr 25, 2012 11:41 AM #13
Rainer
71,755
Bas Panch
SCV Home Buyer - Valencia, CA

Hi Tni,

This was a great report. Thanks for sharing your expertise as a Santa Monica short sale agent. Keep it up!

Apr 26, 2012 11:08 AM #14
Ambassador
2,677,021
Katerina Gasset
Get It Done For Me Virtual Services - Wellington, FL
Get It Done For Me Virtual Services

Tni,Great presentation of Market Report !Keep up the good work and Stay excellent Santa Monica Short Sale Agent.

 

Jun 03, 2012 10:05 PM #16
Rainmaker
709,157
Petra Norris
Lakeland Real Estate Group, Inc. - Lakeland, FL
Realtor, Lakeland FL Homes for Sale

Tni,excellent presentation of your market report.Definitely shows how excellent you're as Santa Monica Short Sale Agent.Wishing you more success to come!

 
Sep 04, 2012 05:13 AM #17
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Rainmaker
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Tni LeBlanc, Realtor®, J.D.

Tenacious Tni (805) 878-9879
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