market: Something Doesn't Feel Right..... - 08/02/09 05:27 AM
After awhile statistical information being just numbers becomes mesmerizing and some common sense has to come into play.
The numbers do what numbers are supposed to do....lay out what is happening and it is up to the individual to wade through and make sense of what that happening is.
This week for some reason the numbers are saying one thing but my gut instincts are telling me something else.
The real estate market has been going up and that is GOOD news.  And as expected it is going up in a saw tooth configuration.  BUT it appears that we may be … (4 comments)

market: Summer Doldrums.... - 07/12/09 05:48 AM
Normally at this time of year people who want to buy are out in full force looking and planning to move, and if they have kids, registered in their new school.  They want to get over with before school starts.  
But the economy has many people concerned about jobs so the norm has changed.
Until unemployment shows signs of decreasing (which it is not); until there are more new jobs being created (which isn't the case); and the general public show strong confidence in the economy (people are perplexed and are tending to decrease spending); the real estate market will tend to go sideways with a bias … (1 comments)

market: Real Estate Is Starting To Sparkel To….. - 07/05/09 06:49 AM
We are celebrating our 4th of July and many of us witnessed the sparkles in the night sky to remind us of our Country's birthday.
As with the Country's birthday real estate is now showing signs of sparkles as well.
Not with the dazzle of what we saw in the night sky on the 4th.  It is somewhat more mute in the market place but the amber's are there and when this side-way activity is complete there will a significant acceleration upward in home prices.
Items contributing to this price acceleration will include:
1.  Of course there is the pent up demand … (0 comments)

market: The Elephant Is Moving..... - 06/28/09 05:21 AM
As noted in this blog over the last several months prices are starting to creep upward.  Nothing  dynamic but the prices are solidifying the base that has been in effect since November, 2008. 
There will be some sideways but the worse is over.  In fact it has been reported recently that appreciation in Ventura County stands at 5.8% since the beginning of the year.  You will note on the chart above that one should expect an 8.7% increase for 2009.  In 2010 the appreciation will increase to 17.9%.
The two things needed for the real estate market to really explode upward are new job creation … (5 comments)

market: Things Might Be Better Then........ - 06/21/09 05:20 AM
Ventura County.
One word:  SLOW.  But prices are edging upward.  Overall sales in Ventura County are 28% higher (comparing periods Jan. 1 thru June 20 for the years 2008 and 2009).  Overall Ventura County is a seller's market but there are areas such as Santa Rosa Valley, Ventura and Oxnard Beaches that still remain buyer markets.
The Conejo Valley and Ojai/Oak View remain neutral while the areas of Simi Valley/Moorpark, Ventura, Oxnard, Camarillo, Santa Paula and Fillmore are seller markets.  In fact there were no recorded sales in Fillmore over the last week which I find interesting (but not unusual).
Unemployment … (2 comments)

market: There Are Bigger Things To.... - 06/07/09 08:35 AM
Every once in awhile it is time to get some perspective.  This photo from MSN puts things into some context.
There are bigger things for us to see, investigate and challenge.  Life here on Earth is great; out there who knows!  But we will go and find out.  Why?  We are humans and it is in our bones (oops! our DNA) to face up to challenges.
My musing for the week.  Lao-tzu who lived 2,500 years ago wrote "Every human being's essential nature is perfect and faultless, but after years of immersion in the world we easily forget our roots and take on a … (2 comments)

market: We Got What We Wished For....It Isn't Very Nice! - 05/24/09 06:57 AM
Things are looking brighter and the market is getting stronger.
Mentioned a number of times is the jack-in-the-box scenario that is forming now.
Listings have decreased significantly over the last 18 months (from 5,250 in November 10,2007 down to 2,069 as of May 23, 2009:  approximately a 50% decrease).
Sales in Ventura County have increased 32% in 2009 compared to the same comparable period of 2008.
This year there have been 2,852 sales for the period January 1 through May 23, 2009; for the same period in 2008, there were 2,161 sales.
There is a squeeze occurring.  We have a commodity (homes) and there is a … (2 comments)


John Duffner

Santa Paula, CA

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John Duffner's Real Estate Inc

Address: 633 N. 9th Street, Santa Paula, CA, 93060

Office: (805) 525-3417

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Focus on Ventura County weekly real estate with some commentary of National Real Estate activity.



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