Tagged : Market Update
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Wednesday, March 21st, 2012 at 9:55pm. 719 Views, 0 Comments.
There is mixed data in the latest report about Ventura County home sales released by DataQuik. The number of sales has gone up 3.8%, but the average price (which is what most of us are concerned about) went down 5.8%. This is not that surprising considering what we've seen closing in the last month. This is typically not the time of year that most homeowners are buying their next residence... most closings last month were cash investors who are "bottom feeding" in that sub-$250,000 category. This is evidenced by the fact that the number of properties sold below $300,000 went up 9.5%, while all other prices above that fell. Let's see what happens when April, May and June roll around. That should give us a better picture of the overall market.