This is the August 2016 Real Estate Market Update for

Camarillo Condos

August, 2016 saw a huge jump in the number of Camarillo Condos sold. 21 sold this year compared to 8 last August. That is an increase of 162.5%!

We also see that the median Camarillo Condo price and the average price increased since last August.

There is just barely over a month of inventory available for Camarillo Condos. What that means is, if no other Camarillo Condos come on the market the current inventory will be sold within 1.1 months.

When inventory is low and demand is high, this basic economic law of Supply & Demand usually puts pressure on prices to move higher. We do see prices moving higher, however, the rate of appreciation is somewhat tempered, mostly due to affordability for many.

It is also important to point out that the lower price range of Camarillo Condos 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 condos in this attractive price range often get multiple offers or a good offer within days that is accepted by the seller.

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

Camarillo  Condos in my personal blog at this link Camarillo Condo Price Report August 2016.