This is the October 2016 Market Update for Oxnard Homes
We see in October, 2016 that there were 4 less homes sold than what was sold in October, 2015. The report also tells us that the average price for Oxnard Homes increased by 4.07% since last October.
Here is a couple of interesting facts about Oxnard… the climate of Oxnard is dry and subtropical with the average high temperature reaching only 70 degrees and the average low only reaching 52.
The city is a major hub for transportation in the region of Southern California. The Greyhound, Amtrak, Metrolink and Union Pacific all have stops in the city.
Now back to the October 2016 Market Update for Oxnard Homes.
Inventory of Oxnard Homes, at the time of this post, was the same as last month, 113 Oxnard Homes are available for sale, excluding the Beach Area Homes. With inventory this low it puts pressure on housing prices to rise, however, price appreciation is somewhat constrained due to overall affordability.
It is also important to point out that the lower price range of Oxnard Homes 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 homes 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 October 2016 Real Estate Market Update for
Oxnard Homes in my personal blog at this link Oxnard Homes Report October 2016.