What is my Camarillo home worth? Market Report for 06/29/17

By
Real Estate Broker/Owner with https://HugginsHomes.com 01234617

This Week's Home Prices in Camarillo

 Real estate market data provided by Ryan Huggins of Huggins Homes 


About the Camarillo Area

Camarillo is named for Adolfo and Juan Camarillo, two of the few pre-1848 California natives of Hispanic ancestry to preserve the city's heritage after the arrival of Anglo settlers. The railroad coast route came through in 1898 and built a station here. Adolfo Camarillo eventually employed 700 workers growing mainly lima beans. Walnuts and citrus were also grown on the ranch. Adolfo bred Camarillo White Horses in the 1920s through the 1960s and was well known for riding them, dressed in colorful Spanish attire, in parades such as the Fiesta of Santa Barbara.

The city grew slowly prior to World War II but the war effort saw the construction of the Oxnard Army Air Field (later Oxnard Air Force Base in 1951, now Camarillo Airport) to the west of town. The community also grew as the new base along with nearby Naval Air Station Point Mugu and a Seabee base at Port Hueneme brought many workers and their families to the area. The grounds of Camarillo State Hospital, which opened in 1936 south of town, is now the campus of California State University, Channel Islands.

 

Quality of life

Camarillo is primarily a bedroom community made up of large housing tracts, with elementary schools and small strip malls serving the neighborhood. The primary public high schools serving Camarillo are Adolfo Camarillo High School in Mission Oaks, and Rio Mesa High School in Strickland between Oxnard and Camarillo. The private Cornerstone Christian School is also located in Camarillo.

Many sports leagues, including adult leagues, such as baseball, basketball, football, and the largest AYSO soccer league west of the Mississippi are located in Camarillo. An outdoor in-line hockey rink is in Freedom Park, near the Camarillo Airport.

Source: https://en.wikipedia.org/wiki/Camarillo,_California

 

City Map

 

Camarillo Real Estate Report Summary

Below is a current market snapshot of the Camarillo area:
Camarillo This week Last week Difference
Active: 198 203 -5
Pending: 49 53 -4
Sold (over the last six months): 377 358 19
Median list price: $634,215.00 $629,900.00 $4,315
Median sales price: $610,000.00 $610,000.00 $0
Median days on market: 40 40 0
Months of inventory: 2.79    
Market Type Seller's Market    

 

There are traditionally three types of real estate markets, the Buyer's Market, the Seller's Market and the Balanced Market.  I have taken this one step further and developed the "Strong" versions of the Buyer's and Seller's Market.  The strong markets are within 2.5 months of the end of the spectrum.  These markets are determined by the number of months it will take to sell all the homes actively on the market, at any given time.  

Below is the scale I use to determine the type of market each area is in:

Strong Seller's: 2.5 months or less
Seller's: Less than 6 months
Balanced: 6 months
Buyer's: 7 months or more
Strong Buyer's: 9.5 months or more

 

CONTACT RYAN TODAY to find out what you home is worth!

Ryan Huggins
Huggins Homes
e:Ryan@HugginsHomes.com
c:805.905.4000
w:www.HugginsHomes.com


#Camarillo #RealEstate #HomeValue #PropertyValues #WhatIsMyHomeWorth
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