What’s Going on in the Ventura County Real Estate Market?

Today I am going to give you the May 2018 market update for Oxnard, Camarillo, and Ventura County as a whole.

For the most part, most of Ventura County and much of Southern California has seen a drop in inventory. Demand has stayed strong, however. In Ventura County as a whole, the inventory dropped about 1%, while sales dropped by about 5% and average home prices are up by 5%.  

Certain areas of Ventura County have some slightly different numbers, however. For example, Oxnard saw a drop in inventory of 17%. This means that there are 17% fewer homes for sale right now than there were at this time last year. 

At the same time, sales have only decreased by 6.4% in the last year. From last year to this year, the Oxnard real estate market has increased by 9%. In Camarillo, we saw a 6% increase in prices year over year.

 

As you can see, different cities in Ventura County have different levels of demand, which makes the situation different for many buyers and sellers in this area. 

If you’re interested in learning more about any of these markets, or about the Santa Barbara County or Los Angeles County numbers, don’t hesitate to reach out and give us a call or send us an email. We would love to hear from you soon.