Appraisals and CMAs
Appraisals are primarily used to protect the lender’s interest in the property. Just like lenders can be hesitant to issue a mortgage to credit-risky borrowers, they don’t like to underwrite properties for more than they’re worth. Appraisals also are used when other factors have made it difficult to assess your property’s value, such as a lack of real estate activity in your area.
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.
Put Some Steam in Your Life
Installing a home steam shower unclogs the sinuses in the morning and relaxes the muscles at night. It’s a luxury upgrade-up to $10,000 for a custom-framed steam shower; or about half that for a prefabricated unit. But compared with an upscale bathroom remodel $54,000, a steam shower is a comparatively inexpensive way to feel like royalty.
There are currently 337 residential properties on the market in the Ventura area. The average home has 3 bedrooms and 2.32 bathrooms, is 1665 square feet, has been on the market 135 days and is $588,319. The most expensive home on the market is a 10 bedroom beach home priced at $5,950,000 that came on the market last Fall of 2010.