This is the August 2016 Real Estate Market Update for

Ojai

Homes sales for Ojai Single Family Homes was down by two this August, 2016 compared to August of last year.  However, the average price sales price for Ojai Single Family Homes rose 3.40% from August, 2015.

Inventory of Ojai Single Family Homes is below the six month mark, which puts this real estate market segment in the seller’s market bracket.

As of the writing of this post there were 118 Ojai Homes available for sale per the VCRDS MLS. It should be noted that of these 118 Ojai Homes, 62 homes or 52.45% of the current Ojai Home inventory are priced over $1 Million and the average days on market for this price range is 145.

It is also important to point out that the lower price range of Ojai Homes is very competitive. If one is looking to purchase in this particular price range, one needs to be fully pre-approved and ready to go as homes in this attractive price range often get multiple offers or a good offer within days that is accepted by the seller. However being pre-approved with all your financial ducks in a row is sound advice for those looking to purchase a home in any price range.

You can read the full August 2016 Real Estate Market Update for

Ojai Single Family Homes in my personal blog at this link Ojai Home Price Report August 2016.