By Chris B Johnson Realtor, Moorpark Short Sale Map- Ventura County Short Sale,
The Moorpark Short Sale Market seems to have paused around price this plateau. The
Market Action Index is a good leading indicator for the durability of this trend. While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We currently seem to be in a Seller’s market so prices might likely resume their climb should this trend persist.
The average price per square foot for Moorpark was $274, an increase of 12.3% compared to the same period last year. The median sales price for homes in Moorpark for Mar 14 to May 14 was $492,500 based on 60 home sales. Compared to the same period one year ago, the median home sales price decreased 1.5%, or $7,500, and the number of home sales decreased 35.5%. There are currently 143 resale and new homes in Moorpark, including 2 open houses, as well as 87 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 $746,060 for the week ending May 28, which represents a decrease of 2.4%, or $17,955, compared to the prior week.
Average Listing Price $746,060
for week ending May 28 -$17,955 -2.4%
Median Sales Price $492,500
Mar ’14 – May ’14 -$7,500 -1.5%
Home Standings
| Average Listing Price | $746,060 | -2.4% | w-o-w |
| Median Sales Price | $492,500 | -1.5% | y-o-y |
| Average Price/sqft | $274 | +3.8% | y-o-y |
| Number of Sales | 60 | -35.5 % | y-o-y |
| No. Bedrooms | Mar – May ’14 | y-o-y | 3 months prior | 1 year prior | 5 years prior |
| 1 bedroom | - | - | - | - | - |
| 2 bedrooms | $360,000 | +12.9% | $375,000 | $319,000 | $263,500 |
| 3 bedrooms | $459,000 | +2.0% | $480,000 | $450,000 | $355,000 |
| 4 bedrooms | $630,000 | +9.6% | $597,500 | $575,000 | $577,500 |
| All properties | $492,500 | -1.5% | $530,000 | $500,000 | $380,000 |
Looking for help? 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.
If you would like periodic updates on what is going on in Your Neighborhoodor the Ventura County Real Estate Market, Click on the Links!
Thanks for reading this,
Chris B Johnson is a Realtor with Prudential California Realty, Berkshire Hathaway HomeServices .
Phone: 805-208-0823.
email cjohnson@prucalhomes.com.
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