By Chris B Johnson Realtor,
The average price paid for a home in Thousand Oaks edged up slightly from January and remained nearly 20 percent higher than a year earlier, but home sales dropped to the lowest level for a February in six years as many would-be buyers struggled with inventory constraints, credit hurdles and reduced affordability.
Market Inventory Trends:
The number of active listings in Thousand Oaks (91360) dropped by 0.9% from the previous month.
The median number of days active properties have been listed is 44. This is significantly shorter than the national average.
The number of sales in January dropped by 77.8% from the previous month.
Price Trends - Sold vs. Listed:
Understand the difference between "listing prices" (what sellers are asking for) and "sold prices" (what buyers are willing to pay).
By comparing these price trends, you'll have a good idea of where the market is heading. The median listing and sold property prices are calculated based on the market activity each month.
Some sales are not immediately available from public records. As they become available, the data are updated.
Median Listing Price
Median Days on Market
(foreclosures and short sales)
Thank you for reading!!!
Chris B Johnson is a Realtor with Prudential California Realty, Berkshire Hathaway HomeServices .
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Always check with a good real estate attorney to find out the laws in your state. There are also legal aid non profits that can give you advice on what to do to stop a garnishment or bank account seizure. You should also look at California SB458. With the passage of SB458, the Expanded Anti-Deficiency Law May Have Unintended Consequences on Ventura County Short Sales.
For Disclosure, and more information on Mortgage Assistance Relief Services, please see Code 16 of Federal Regulations (FTC), Part 322, or , http://www.ftc.gov/opa/2010/11/mars.shtm and always consult your CPA, Accountant, Financial Advisor and Attorney before you any financial or legal decisions. Certified Distressed Property Expert.
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