By Chris B Johnson Realtor, The Moorpark Short Sale Market has been pulling back and prices have recently flattened. Demand measured by the Market Action Index is increasing and days-on-market is holding steady. With more properties coming available, conditions are mildly positive. In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.
for week ending May 21 -$13,126
-1.7%
Median Sales Price $535,000
Feb ’14 – May ’14 +$40,000
+8.1%
| Average Listing Price |
$764,015
|
-1.7%
|
w-o-w
|
| Median Sales Price |
$535,000
|
+8.1%
|
y-o-y
|
| Average Price/sqft |
$275
|
+5.0%
|
y-o-y
|
| Number of Sales |
64
|
-30.4 %
|
y-o-y
|
| No. Bedrooms |
Feb – May ’14
|
y-o-y
|
3 months prior
|
1 year prior
|
5 years prior
|
| 1 bedroom |
-
|
-
|
-
|
-
|
-
|
| 2 bedrooms |
$370,000
|
+18.6%
|
$375,000
|
$312,000
|
$242,250
|
| 3 bedrooms |
$462,000
|
+7.9%
|
$478,000
|
$428,000
|
$355,000
|
| 4 bedrooms |
$589,000
|
+7.1%
|
$602,500
|
$550,000
|
$570,000
|
| All properties |
$535,000
|
+8.1%
|
$522,500
|
$495,000
|
$380,000
|
Looking for help? I can help you get your Single Point Of Contact, obtain a Loan Modificationor 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,
Phone: 805-208-0823.
email cjohnson@prucalhomes.com.
Certified HAFA Specialist Certified Distressed Property Expert Certified Short Sale Negotiator.
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