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.
;)
;)
Hi Mana,
I found your numbers interesting. Actually fewer sales in 08 vs. 07. Ours is just the opposite.