Oxnard Homes Report May 2016

Oxnard Homes Report May 2016

Let’s take a look at the Oxnard Homes Report May 2016 to see how this segment of the Oxnard Real Estate Market performed in this leap month.

83 homes sold this May compared to 75 in May 2015. This is an increase in Oxnard Home sales of 10.67%.

Here is a breakdown of the other numbers.

The Median Sales Price jumped up by 4.01% from what was recorded a year ago and went up by 2.33% from what was cumulatively recorded 3 months ago.

The Median Sales Price is the point at which half of homes sold for more and half sold for less. It is influenced by the types of homes selling as well as a general change in values.

Average Sales Price also appreciated this month going up 5.04% compared to May of last year. This price point also went ever so slightly .03% from what was recorded 3 months ago.

The lowest priced Oxnard Single Family Home that sold in May went for $308,000. This was a four bedroom, two bath home. It is 1366 Square Feet large. This was a short sale that took over one year to close.

The highest priced Oxnard Single Family Home sold for $712,500. This home has three bedrooms and three bathrooms and is 2201 Square Foot large. This beautiful home is located in the gated community of Victoria Estates.

One can see the comparison over the last 6 months for Oxnard Single Family Homes Average Sales Prices, Median Sales Prices and the Average List Price in the graph below.

The inventory of Oxnard Single Family Homes is still somewhat limited. There are 105 Single Family Homes for Sale in Oxnard. This number does not contain the beach or ocean front homes.

That translates to just over a one month supply of inventory which by definition of the Market Absorption Analysis model would still put Oxnard Single Family Homes in a Sellers Market.

The active listings are shown on the graph below are Oxnard Single Family Homes listed that do not have accepted offers on them.  This is the list of available Homes as of this writing.

How difficult will it be to find a home in Oxnard in the Spring of 2016?  

As you can see from the graph above, inventory of Oxnard Single Family Homes is low, so it will be a more competitive market, especially in the under $350,000 price range.

The largest cluster of homes for sale is in the price range of $300K to $600K. This price range makes up 73% of the 105 available Oxnard Single Family Homes available at the time of this writing.

Understanding the Oxnard Real Estate Market is crucial when looking for a home.

To put your best foot forward when making an offer on an Oxnard Single Family Home, you will need to rely on the experience of a local agent who knows the market well and has experience navigating this unique market.  

Although not every property attracts multiple offers, many of them do, so when you find a home you want to make yours, you'll need to be not only ready, willing and able to buy, you'll quite often need to do it quickly.  

Start your search for Oxnard Single Family Homes today to see what types of property are available.

Call me to discuss what your best options are and how I can help you get positioned to find the Oxnard Home of your dreams.

The Oxnard Homes Report May 2016 still shows our market as a Seller’s Market because of limited inventory of homes for sale.

If you want to sell your home in Oxnard, call me and I can tell you how I’ll get your home sold for top dollar and fast!

Remember when the market turns to excess inventory, the price and timeline of selling your home can be affected adversely.

I am often asked about how the Oxnard Housing Market is doing.

I hope you find the Oxnard Homes Report May 2016 helpful!

About the author: The above Real Estate information on Oxnard Homes Report May 2016 was provided by Kathy Stoltman.  

She can be reached by phone/text at 805-746-1793.  

Kathy offers a wide range of real estate solutions for buyers, sellers and investors, attracting clients who demand excellence—in marketing, negotiations, market knowledge—and a genuine concern for their needs.

Kathy services all of Ventura County beautiful Cities: with an emphasis on Ventura, Oxnard, Camarillo & Ojai.

originally published in Ventura County Real Estate Center