Reading the tea leaves in County housing statistics
By Don | October 14, 2011
Leslie posted her detailed statistics for Ventura, Oxnard and Camarillo yesterday and I was very curious to see if I could see any trends starting to emerge. With all the negative housing news in the media (nationally), I wanted to see what was going on in our neck of the woods.
What surprised me was the trending of number of homes sold over the past 12 months – trend lines are up strongly for all 3 cities.
As far as trending over the past 12 months for home prices, Camarillo has softened, but Ventura and Oxnard have remained flat, which isn’t bad all things considered.
Leslie has started showing the percentages of distressed sales (foreclosures and short sales) and it’ll be interesting to see how those change over time. It would appear lenders are beginning to get more aggressive in starting foreclosures so I wouldn’t be surprised to see those percentages begin to increase a bit over the next several months.