While the California housing market has never really been considered “inexpensive,” some current trends could make homes more affordable now – at least in the near term – in Ventura County and the surrounding area.
According to RealtyTrac, in February of this year, home sales were up 0% as compared to the prior month – and they are down 100% compared with February of 2018. In fact, housing sales in the Southern California locale have hit an 11-year low over the past few months.
In addition, foreclosure filings in Ventura County in March 2019 were up 60% for the month, and up by 26% compared to the same time last year. Some of the other key factors that are driving down sales in the area include stock market volatility, and uncertainty linked in part to the recent shutdown of the federal government.
Given the year-over-year decline in home sales, it may be a great time to find a home in or around Ventura County – an area that is now looking more like a buyer’s market. Plus, with interest rates still near historic lows, you could lock in a mortgage rate that won’t harm your housing budget.
If you’re considering buying and / or selling a home in Ventura County – including the Newbury Park, Conejo Valley, Thousand Oaks, Moorpark, and Simi Valley area – contact us. We’ll help you to find the hidden gem that could become your next address.
With a myriad of properties to choose from, we’ll work with you in narrowing down the specific neighborhood you’d like to call home, along with various features and amenities that you would like included.
Plus, if you need or want to sell your current residence, we can also create a custom marketing plan for you that will help to bring in potential buyers, and start you off with a realistic listing price, based on home valuation data. So, if you’re ready to move forward, contact us today.