As you can see from the data above (which was taken from the local mls), in both Camarillo and Ventura County there is less than 1 month of inventory of single-family homes on the Active Market for properties less than $1.0 million. In Camarillo at the moment, there are only 10 single family homes priced under $400,000 in Active Inventory. In all of Ventura County there are fewer than 100 single family homes on the Active market. That's the entire county. This is bad news for so many of you who are wanting to buy a home because it means competition will be fierce in the near future. But, for Seller's things are looking up. Values continue to rise and nothing seems to be getting in the way of that. We've even made it through the tax hikes in January and the Sequester without the stock market taking much of a hit. However, it's my sense that the markets could begin to wobble down the road a few months once we start seeing whether or not these two items will have any real impact on the economy as a whole.
I do know that I have had a few buyers cancel showings due to furlough activity at the base. Eventually that will lead to a slowdown in our growth.
So, my advice to anyone who is thinking about selling their home in Camarillo or Ventura County...don't wait. Take advantage of this opportunity before the window closes.
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