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Short Sale-Market Trends Update for Moorpark

By Chris B Johnson REALTOR®

Real Estate Agent with Allison James Elite CA. DRE 01501699

May 11, 2014 11:54 AM

The Short Sale Market in Moorpark has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into theBuyer’s zone, watch for downward pressure on prices.

The average price per square foot for Moorpark was $278, an increase of 16.3% compared to the same period last year. The median sales price for homes in Moorpark for Feb 14 to May 14 was $547,500 based on 54 home sales. Compared to the same period one year ago, the median home sales price increased 10.7%, or $53,000, and the number of home sales decreased 38.6%. There are currently 136 resale and new homes in Moorpark including 2 open houses, as well as 84 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in Moorpark CA was $783,960 for the week ending May 07, which represents an increase of 2.4%, or $18,493, compared to the prior week.

Average Listing Price	$783,960	+2.4%	w-o-w
Median Sales Price	$547,500	+10.7%	y-o-y
Average Price/sqft	$278	+4.9%	y-o-y
Number of Sales	54	-38.6 %	y-o-y

I can help you get your Single Point Of Contact, obtain a Loan Modification or Short Sale your property and get back on your feet. Send me an e-mail at cjohnson@prucalhomes.com. I will contact you for a free consultation.
When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at 805-208-0823.
Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.
Thinking about a loan modification? Our Moorpark loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy.

Thanks for reading this,

Chris B Johnson.

Chris B Johnson is a Realtor with Prudential California Realty, Berkshire Hathaway HomeServices .

Phone: 805-208-0823.

email cjohnson@prucalhomes.com.

Certified HAFA Specialist, Certified Short Sale Negotiator.

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