In the last 12 months, there have been 737 detached home sold and 295 sales of condos, townhomes and mod/manufactured homes in Ventura.
The average house was a three bedroom, 2 2/3 bathroom home of 1680 square feet with a list price of $449,123 and a sales price of $434,041 and days on market of 112.
Pursuing a short sale is often thought of as a painstaking process, and it’s not uncommon to hear of complaints about slow responses from servicers and last minute rejections on offers. Fortunately, not all lenders/servicers are the same when it comes to dealing with short sales, and Realty Trac compiled a list of data revealing which institutions tend to move through the process quicker and for less.
The agent caravan today was slim pickins’ with so little inventory. But just when you thought there was nothing really out there, I found two surprise properties.
In mid-town Ventura you’ll find a 3 bedroom, 1 bath home which has a 2 bedroom property behind the house. What makes this so special is that the back house has its own entrance so it is perfect for a separate office, art studio, guest quarters, in-law house, artist studio. Both rooms are very spacious and one is currently set up as a living room. You could probably rent it for around $1,100 a month which would offset your mortgage. The house in back even has its own beautiful green lawn!
We all read about trends in interest rates, national home price trends, new housing starts and many more economic indicators that influence the real estate markets. It will serve the real estate professional well to keep up with this information, but to always keep in mind that this is a local business. There can be many forces influencing your local market that will have little or no impact in other areas, and vice versa.Supply and demand in real estate isn’t as easy to balance as it is in manufactured commodities. Making more takes time, and there may not be room to make that happen in any given area. You can’t move it to where the buyers are.