Home sales spike up in March
By Leslie | April 20, 2012
Home sales spiked up for Ventura, Oxnard and Camarillo in March as we start into the spring buying season. Fueled by historically low interest rates, we’re seeing spirited competition at the entry point range for single family homes.
We’re also seeing that the high number of distressed properties are influencing the price points of those homes, forcing traditional sellers to meet those price points or face having their home sit on the market.
The demand locally for available homes is creating a fierce battle between buyers looking for a “good deal” and banks trying to move product quickly. Home prices in Ventura and Oxnard have been steady this first quarter and Camarillo saw in jump in March.
Pending home sales are a leading indicator of current market activity. What is remarkable is the spike in Ventura for homes that are in escrow for Q1 of this year (263) as compared to Q1 of ’11 (197). See the detailed numbers below.
The percentage of single family homes that were distressed sales in the month of March are:
Ventura – 47% Oxnard – 69% Camarillo – 41%
Sold prices – Single family homes in Ventura, Oxnard, Camarillo:
Sold prices – Condos in Ventura, Oxnard, Camarillo:
Numbers sold – Single family homes in Ventura, Oxnard, Camarillo:
Detailed data for single family homes sold in:
Detailed data for condos sold in:
Detailed monthly data for pendings (in escrow) – single family homes and condos:
All data is taken from the Ventura, Oxnard and Camarillo MLS.