Last Sunday we held our first open house for a lovely home on Via Marina in Oxnard and buyers came out in droves. A steady stream all afternoon from 1 pm until well after 4 pm.

The first offer was delivered to us at the open house – fast!

The balance of offers came in within the next 72 hours or so. Needless to say, offers came in over asking price.

What’s driving this craziness? Four main reasons:

• Lack of inventory
• Super low interest rates
• Short sales and bank foreclosures have dried up
• Lots of buyers