The Thousand Oaks Short Sale market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we're in a Seller's Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer's zone, watch for downward pressure on prices. With inventory and days-on-market basically unchanged and the Market Action Index increasing, the market is not sending strong directional signal for the near-term outlook.
Market View for Thousand Oaks
$1,168,710 -$52,680
for week ending May 07 -4.3%
$585,000 +$50,000
Feb '14 - May '14 +9.3%
Home Standings
| Average Listing Price |
$1,168,710
|
-4.3%
|
w-o-w
|
| Median Sales Price |
$585,000
|
+9.3%
|
y-o-y
|
| Average Price/sqft |
$318
|
0.0%
|
y-o-y
|
| Number of Sales |
237
|
-33.8 %
|
y-o-y
|
Looking for help? I can help you get your Single Point Of Contact, obtain a Loan Modification or Short Sale your property and get back on your feet.
Send me an e-mail at cjohnson@prucalhomes.com. I will contact you for a free consultation.
When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at 805-208-0823.
Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.
Thinking about a loan modification? Our Moorpark loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy.
If you would like periodic updates on what is going on in Your Neighborhoodor the Ventura County Real Estate Market, Click on the Links!
Thanks for reading this,
Chris B Johnson.
Chris B Johnson is a Realtor with Prudential California Realty, Berkshire Hathaway HomeServices .
Phone: 805-208-0823.
email cjohnson@prucalhomes.com.
Certified HAFA Specialist Certified Distressed Property Expert Certified Short Sale Negotiator.
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