There have been many reports regarding an increase in Southern California's 2008 Real Estate activity compare to 2007's Real Estate trends.
This summer, 2008, I was much busier with home buyers' inquiring about properties in Camarillo than last summer. This could be correlated to an increase in bank owned/REO homes for sale and the lower pricing of bank owned/REO homes.
Below is a Comparable Real Estate Market Analysis for Camarillo. The table below demonstrates the number of homes sold and median home prices in the first 9 months of 2008 compared to the number of homes sold and median home prices in the first 9 months of 2007.
|
Period |
Number of homes sold |
Median Price of Homes Sold |
Number of Short Sale Homes Sold |
Number of Bank Owned Homes Sold |
|
From: 01/01/08 To: 09/30/08 |
547 |
$465,500 |
59 |
89 |
|
From: 01/01/07 To: 09/30/07 |
601 |
$580,000 |
8 |
0 |
Source: Ventura County Regional Data Share.
It's amazing to see that there were no bank owned homes sold in the first 9 months of 2007!
The number of homes sold in Camarillo in the first 9 months of 2008 fell by 9% over the same period last year.
Also, the median price of homes sold in Camarillo in the first 9 months of 2008 decreased by 19.75% compared to the same period last year.
See how Ventura County's Real Estate Market performed for the same period.
If you are interested in purchasing a home anywhere in Camarillo, don't hesitate to contact me: (805) 443-8898.
Comments(5)