The other good sign for Ventura County is that inventories continue to shrink. In January, levels had dropped to about a 3 month supply of homes on the active market. So, if you are looking to buy a home in Camarillo or Thousand Oaks or the surrounding area's of Ventura County, you have to be ready to move when new properties come on the market because there are fewer and fewer homes to choose from.
For Seller's, these are both good signs. First, there are people who are out there, ready to buy your home. Second, with inventories dropping and fewer homes available, you should be able to sell your home quickly AND get a higher price than you would have otherwise. This month, I was representing a Buyer who made a full price offer on a $600,000 home in Village at the Park in Camarillo. We wrote our offer within 3 days of it coming on the market. The property had multiple offers and the Seller gave everyone one final chance to submit their highest and best offer. We can in at $618,000 and lost to TWO higher All-Cash offers. I tell this story to give you a sense of what is happening. There is money available to buy your home if you need to or want to sell in this market.
If you need to sell in this market, there may be no better time to do it than this upcoming Spring/Summer. If you have any questions about the information included in this blog or about the value of your own home, please call me right away. I look forward to hearing YOUR story.
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