Continuing Summer Doldrums In Ventura County.
August 9th, 2009 Categories: Weekly Real Estate Activity In Ventura County
The real estate market Nationally appears to be getting better. Likewise the market in Ventura appears to be continuing its upward swing but it appears to be labored.
As shown in the table below there has been a significant drop in recorded sales over the last week, offset with a gain in listings. The overall Ventura County market still shows as a sellers market but two areas flipped to buyers markets over the last week. These area are: Santa Rosa Valley and Ojai/Oak View.
Recorded average sales and listing prices declined accordingly.
The second chart shows a revealing trend. Over the last two months (June and July, 2009) greater sales were made in homes valued above $ 400,000 or more.
Properties that were listed above $ 1 Million dollars had the greatest sales increase for the 2 month period.
This was interesting because many news outlets have been reporting that homes above $ 1 Million dollars were not selling. In Ventura County this does not appear to be the case.
The same chart shows that homes in the price range of $ 900,000 up to $ 1,000,000 showed a decrease in sales. But overall the market for homes above $ 500,000 appeared healthy during June and July, 2009. It will be interesting to see if this continues for any length of time.
Your comments are welcomed.
The Hard Money National Convention takes place September 3rd in Las Vegas Nevada inside the Rio Hotel.
Huge for networking with investors, lenders, Mortgage Brokers and Real Estate Professionals.
For reservations please call 808 383 5714