Santa Barbara North County October Home Sales

October's home sales numbers are certainly no surprise. Santa Maria and Lompoc have been experiencing foreclosures and REO sales that have been inhibiting the number of real estate


sales in these areas. There were 95 sales recorded this year compared to 133 sales in October of 2006. That is over a 28% decrease in home sales. Lompoc was hit the hardest with only 22 sales this year compared to 53 in October of 2006. Santa Maria was pretty close to last years number of 80, there were 73 for October 2007. In looking at the November and December numbers the last few years there appears to be a larger number of closings in December while November remains pretty close to October except for last year. I will still argue that now is a good time to buy in these areas if you are wanting a home to live in. If you are an investor, well you know better than I do what you should do. See You In Escrow!