Ventura, Camarillo & Oxnard MLS housing report for July and August
By Leslie | September 17, 2012
A busy summer has kept me from updating the July and August numbers but over the weekend I’ve gotten caught up!
Price points are up for July and August in both Oxnard and Camarillo, while Ventura is sitting on the trend line. In previous posts this summer I’ve talked about the strong competition for entry level homes and that numerous homes were bid up over asking price through multiple offers. We now see that result in the numbers for those closed escrows. Investors are driving the market in the entry level sector, making it very difficult for the first time buyer to successfully compete.
For the first time I can remember since the crazy days of rapidly escalating home prices followed with the tumultuous “bubble burst”, I’m starting to see average sold prices higher than the list price. For example in August, in the “up to 1,500 square foot” category for single family homes in Ventura, the average list price for the 30 sold homes was $344,186 but the average sold price was $345,397. In Oxnard the average list price for all 116 homes sold was $313,118 and the average sold price was $314,178. You can see the specific numbers in the stat sheets below.
Another trend I’m seeing is that the number of distressed sales to regular sales ratio in all cities is declining, while the number of home sales is increasing, with Oxnard showing a strong spike up.
Listed below are the July and August results for the sold prices of homes, the number of homes sold and number of homes in escrow – a future indicator of homes sold.
This data is taken from the Ventura, Oxnard and Camarillo MLS.
To see the detailed charts for Ventura, Oxnard and Camarillo, please see the links below.
The percentage of single family homes that were distressed sales in the months of July and August are:
Ventura -40% and 37% Oxnard – 57% and 51% Camarillo – 34% and 22%
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.