30 Sec Real Estate Market Update - March 29, 2013
http://www.viddy.com/video/2b9b6081-ec4f-4199-8add-d36600243b07
Friday, March 29, 2013
Thursday, March 28, 2013
Foreclosure Inventory up from a year ago
Foreclosure Inventory up from a year ago
See the attached article from Realty Trac for more detail on the rise in the foreclosure inventory.
See the attached article from Realty Trac for more detail on the rise in the foreclosure inventory.
Wednesday, March 27, 2013
Tuesday, March 26, 2013
30 Sec Daily Market Update for March 26th, 2013
30 Sec Daily Market Update for March 26th, 2013
Trulia's 2013 Winter Buy vs. Rent report states that it costs 44% less to Own a home than it does to Buy a home. In Ventura County that difference is 36% less.
Trulia's 2013 Winter Buy vs. Rent report states that it costs 44% less to Own a home than it does to Buy a home. In Ventura County that difference is 36% less.
Monday, March 25, 2013
Daily Market Update Monday, March 25, 2013
Daily Market Update Monday, March 25, 2013
Daily Market Update Monday, March 25, 2013 - Inventory levels are beginning to rise nationally for the first time since July 2012. Is this the first sign the values are beginning to slow down again?
Daily Market Update Monday, March 25, 2013 - Inventory levels are beginning to rise nationally for the first time since July 2012. Is this the first sign the values are beginning to slow down again?
Monday, March 4, 2013
Camarillo Real Estate Inventory remains at low levels
The level of inventory in the Camarillo and Ventura County real estate markets continues to run at an extremely low level.
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.
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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