The Thousand Oaks Short Sale Market seems to have paused around its high point. In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI.
If the market heats up, prices are likely to resume an upward climb.
The average price per square foot for Thousand Oaks was $318, an increase of 10.4% compared to the same period last year. The median sales price for homes in Thousand Oaks for Feb 14 to May 14 was $585,000 based on 237 home sales. Compared to the same period one year ago, the median home sales price increased 9.3%, or $50,000, and the number of home sales decreased 33.8%. There are currently 277 resale and new homes in Thousand Oaks including 2 open houses, as well as 160 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in Thousand Oaks CA was $1,168,710 for the week ending May 07, which represents a decrease of 4.3%, or $52,680, compared to the prior week.
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Thanks for reading this,
Chris B Johnson.
Chris B Johnson is a Realtor with Prudential California Realty, Berkshire Hathaway HomeServices .
Certified HAFA Specialist, Certified Short Sale Negotiator.
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By Chris B Johnson Realtor.