Below is the illustration of the Camarillo Real Estate Market Absorption Trend. This illustration shows that the average list to sales price was consistently in the 97% range from 2010 to present.
The median sales price did appreciate by approximately 4.65% since 2010.
The average sales price has consistently gained ground in the last 12 months and is just slightly off from the average sales price recorded for 2010.
The most startling fact presented by the data is the amount of Camarillo Single Family Homes for sale, excluding the Santa Rosa Valley homes. Currently, there are only 62 Single Family Homes for sale in Camarillo, and that translates to less than a months of inventory which by definition of the Market Absorption Analysis model would put Camarillo Single Family Homes in a sellers market.
This lower inventory of homes in Camarillo is creating multiple offers on many homes because the demand is more than the supply.
The breakdown of available Camarillo Single Family Homes for sale is as follows:
- 3 Camarillo Single Family Homes priced under $350,000
- 7 Camarillo Single Family Homes priced from $350,001 to $450,000
- 7 Camarillo Single Family Homes priced from $450,001 to $550,000
- 6 Camarillo Single Family Homes priced from $550,001 to $650,000
- 5 Camarillo Single Family Homes priced from $650,001 to $850,000
- 34 Camarillo Single Family Homes priced from $850,001 and above
For home buyers wanting to purchase a Camarillo Single Family Home it is imperative that one must have pre approval letter in hand, proof of funds for the down-payment and closing costs and be ready to make their highest and best offer initially.
Looking to sell or buy in Camarillo, please call or visit my website for the most up to date information.
Hope you find the Camarillo Real Estate Market Absorption Trend for May 2012 helpful!
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