Ventura, CA Real Estate Snapshot

By
Real Estate Agent with Troop Real Estate Ventura

 
We just pulled the stats from Ventura County MLS for the County and the cities of Ventura and Oxnard/ Port Hueneme for attached and detached single family residences.  It appears that the low end properties under $450,000 have finally settled into a bottom. 

For the first time in a couple of years, the amount of properties that are in escrow consistently outnumber the amount of properties that are currently on the market for sale.  Any well priced property is currently receiving multiple offers in this range.  This is due to the very low interest rates and FHA programs available to home buyers. 

Here are the stats... Buyers that have been waiting for the bottom in this price range should act now... 

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                                                    City of  Ventura                  MLS Statistics 

 

                        Active         Contingent         Pending         In Escrow      Sold        DOM

3/4/09                91                  73                      75                  148            333         81/106 

4/15/09             78                   91                      72                   163           335          77/98 

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     Oxnard & Port Hueneme           MLS Statistics           

  

                        Active         Contingent         Pending         In Escrow      Sold        DOM


3/9/09                459                 285                    332                617            1160        87/117

4/15/09                   352                       335                           324                     659                1183           86/114

 

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                                         All Ventura County                MLS Statistics 

 

                         Active         Contingent         Pending         In Escrow      Sold        DOM

 

3/4/09               1159                656                   704                  1360          2677       90/118 

4/15/09              899                 828                   729                  1557          2729       88/114
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* Note that the number of active listings has decreased while the homes in escrow are increasing, indicating a change in direction for the market. 

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