Short Sale-Thousand Oaks Market Trends Update

Thousand Oaks Loan Modification & Short Sale-Market Trends Update

By Chris B Johnson Realtor,  Thousand Oaks Short Sale Map, Ventura County Short Sale,
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.

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.
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 Short Sale Negotiator.  

Finding The Right Solution                                               How To Do A Short Sale
How To Write A Hardship Letter                            Loan Modification Kit
Short Sale VS Foreclosure                                    Loan Mod-Active Status Review
Is It Too Late For A Short Sale?                             The Truth About Loan Modification Approvals
Thousand Oaks Market Update                            Simi Valley Short Sale Trends
Moorpark Market Update                                        Moorpark Market Trends
Ventura County Mortgage Forgiveness              Ventura County Buyers vs Sellers
Are We Still UnderWater?                                      Which Way Is This Market Headed?
Simi Valley-Price To Sell??                                   Thousand Oaks Deficiency Judgment
Moorpark Short Sale-HyperLocal                          Thousand Oaks Short Sale-HyperLocal
Simi Valley Short Sale-HyperLocal                      Buy VS Rent    &    Buying Beats Renting
Single Point Of Contact = Success?                    Ventura County Short Sale Market Trends

The Return Of The Housing Market

Home Affordable Foreclosure Alternatives (HAFA)

Home Affordable Modification Program (HAMP)
Home Affordable Refinance Program (HARP)

Second Lien Modification Program (2MP)

By Chris B Johnson Realtor. 

Short Sale HELP-Ventura County Real Estate Market Update for MAY

Ventura County Short Sale-Real Estate Sales Data Update for MAY

By Chris B Johnson Realtor,   Ventura County Short Sale, Moorpark Short Sale Map

April 2014<–                             

  Chris B Johnson
  Certified Short Sale Specialist
  Prudential California Realty
  Moorpark, CA, 93021

  Tel: 805.208.0823
  Cell: 805.208.0823

• cjohnson@PruCalHomes.com
• http://www.ChrisBJohnsonRealtor.com

License # CA BRE 01501699

Your Market Data for:      Ventura County                May 2014                      Your real estate information source.

Welcome to the latest issue of my newsletter!

As a real estate professional, I strive to keep in touch with my clients and provide them with information that I hope they will find useful. This newsletter is an opportunity to let you know about the state of the market and current trends. It may even touch on ways that you could enhance your home’s value. I hope the market data and articles will help you with understanding real estate today and help you with your real estate decisions. If you have any questions, please do not hesitate to contact me.

Chris B Johnson

 Ventura County Real Estate Sales Data

Average Listing Price (last 12 months)

AVERAGE LIST PRICE IN APRIL

Single Family Homes	$1,101,886	Condos/Townhomes	$382,075	Multi-family Homes	$1,232,927

Home Improvements and Which Ones to Do

 Whether you plan to sell in the near future, or just want to improvethe value of your home, here is one low cost improvement you should consider.

Replace laminate kitchen countertops. This is a more expensive project than just painting, but it can dramatically improve the look of your kitchen-for less than 15 percent of the cost of gutting your kitchen and starting over. The laminates of today are available in all kind of colors and patterns, some of which resemble much more expensive solid surface materials, such as stone or tile.
Another benefit-replacing your laminate kitchen counters can be a one-day job, rather than the 8-12 weeks of disruption you can expect with a complete kitchen remodel.

Ventura County Real Estate Sales Data

Days on Market (last 12 months)

CURRENT AVERAGE DAYS ON MARKET IN APRIL

Single Family Homes	115	Condos/Townhomes	96	Multi-family Homes	135

An Easy Furniture Fix – Without Calling an Expert

Mask scratches in wood furniture

Although furniture refinishers would prefer to have your business, you can save hundreds of dollars by hiding scratches using one of several inexpensive methods. Pick up a putty pencil or scratch polish from the hardware store. Make sure it matches the colour of your wood finish. Apply as directed, and presto! The scratch disappears-not your money.

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 Short Sale Negotiator.  

Finding The Right Solution                                               How To Do A Short Sale
How To Write A Hardship Letter                            Loan Modification Kit
Short Sale VS Foreclosure                                    Loan Mod-Active Status Review

Is It Too Late For A Short Sale?                             The Truth About Loan Modification Approvals

Thousand Oaks Market Update                            Simi Valley Short Sale Trends

Moorpark Market Update                                        Moorpark Market Trends

Ventura County Mortgage Forgiveness              Ventura County Buyers vs Sellers

Are We Still UnderWater?                                      Which Way Is This Market Headed?

Simi Valley-Price To Sell??                                   Thousand Oaks Deficiency Judgment

Moorpark Short Sale-HyperLocal                          Thousand Oaks Short Sale-HyperLocal

Simi Valley Short Sale-HyperLocal                      Buy VS Rent    &    Buying Beats Renting

Single Point Of Contact = Success?

The Return Of The Housing Market

Home Affordable Foreclosure Alternatives (HAFA)

Home Affordable Modification Program (HAMP)

Home Affordable Refinance Program (HARP)

Second Lien Modification Program (2MP)

 By Chris B Johnson Realtor.

cjohnson@PruCalHomes.com

http://www.ChrisBJohnsonRealtor.com  

Prudential California Realty

587 W Los Angeles Avenue

Moorpark, CA, 93021

Data is deemed accurate but not absolute, no warranty is given. If you are already working with a REALTOR© this is not meant to be a solicitation.

Visit NAR's Short Sales and Foreclosure Resource Certification

About Me

By waiting It Out, Your Short Sale May No Longer Be Short! Ventura County Short Sales

By Chris B Johnson Realtor,  Ventura County Short Sale-Moorpark Short Sale Map

Two years of relatively consecutive home price increases and a general decline in the number of distressed loans have contributed to a decreasing number of underwater borrowers. Looking at current combined loan-to-value, we see that while four years ago 34% of borrowers were in negative equity positions, today that number has dropped to just about 10% of active mortgage loans.

While negative equity levels have declined for both judicial vs. non-judicial foreclosure states from the peak of the crisis, non-judicial states are now at just under 8%, as compared to 13.4% in their judicial counterparts. Overall, nearly half of all borrowers today are both in positive equity positions and of strong credit quality – credit scores of 700 or above.

As was reported in Black Knight’s most recent First Look release, other key results include:

•           Negative equity levels in the country keep falling – they've declined over 60% since their peak – and as of March, just 1 in 10 American borrowers are underwater on their mortgages. That's down from about 1 out of every 3 back in 2010.

•           Home affordability is better today than it was even before the bubble. At the national level, 22% of income goes to paying the mortgage.

•           Loans in the foreclosure process have now been past due for an average of 966 days, and a full 55% of those loans haven't had a payment made in over 2 years. Both of these numbers represent all time highs

•           Jumbo mortgages are more popular these days. As 2013 drew to a close, jumbos accounted for roughly 9% of all mortgages, with an average credit score of 765 compared to 750 for non-jumbo loans.

Many Moorpark Homes Appreciated by over 20% Last Year.  If you thinking of selling, yours may have now have enough equity to sell without being “Short”.

Pricing your home correctly the FIRST TIME is more important than ever!

If you want an accurate idea of what your home is worth Click Here: 

                     

You may now have enough EQUITY in your home to sell WITHOUT

having to be “short”. If you are thinking about a short sale I can help

you get an accurate value for your home and get back on your feet. 

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 Short Sale Negotiator.  

Finding The Right Solution                                               How To Do A Short Sale

How To Write A Hardship Letter                            Loan Modification Kit

Short Sale VS Foreclosure                                    Loan Mod-Active Status Review

Is It Too Late For A Short Sale?                             The Truth About Loan Modification Approvals

Thousand Oaks Market Update                            Simi Valley Short Sale Trends  

Moorpark Market Update                                        Moorpark Market Trends

Ventura County Mortgage Forgiveness              Ventura County Buyers vs Sellers

Are We Still UnderWater?                                      Which Way Is This Market Headed?

Simi Valley-Price To Sell??                                   Thousand Oaks Deficiency Judgment

Moorpark Short Sale-HyperLocal                          Thousand Oaks Short Sale-HyperLocal

Simi Valley Short Sale-HyperLocal                      Buy VS Rent    &    Buying Beats Renting

The Return Of The Housing Market

Home Affordable Foreclosure Alternatives (HAFA)

Home Affordable Modification Program (HAMP)
Home Affordable Refinance Program (HARP)

Second Lien Modification Program (2MP)

By Chris B Johnson Realtor.  

Short Sale Real Estate Trends, Up, Down or Sideways? HYPERLOCAL-Ventura County, Thousand Oaks Short Sale

 By Chris B Johnson Realtor, 

The level of activity for Existing Home Sales in March was down 7.5% from March 2013.

Potential reasons for this year-over-year decline is the fall in distressed sales (down from 21% to 14% of the market year-over-year) and ongoing weakness in demand among first-time home buyers. 

The current share of first-time home buyers is 28%, compared to a historical average of about 40%. March new home sales were down 14.5% in March to a seasonally-adjusted annual basis of 384,000, the lowest pace since July 2013 and down 13.3% year-over-year.

The Average price per square foot for a home in ThousandOaks CA was $316, an increase of 11.3% compared to the same period last year. The median sales price for homes in Thousand Oaks CA for Jan 14 to Apr 14 was $555,000 based on 209 home sales. 

Compared to the same period one year ago, the median home sales price increased 5.7%, or $30,000, and the number of home sales decreased 38.3%. 

There are currently 268 resale and new homes in Thousand Oaks, including 7 open houses, as well as 163 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 $1,196,807 for the week ending Apr 23, which represents a decrease of 3.4%, or $41,786, compared to the prior week.

Many Thousand Oaks Homes Appreciated by over 20% Last Year.  If you thinking of selling, yours may have now have enough equity to sell without being “Short”.

Pricing your home correctly the FIRST TIME is more important than ever!

If you want an accurate idea of what your home is worth Click Here:     

                 

You may now have enough EQUITY in your home to sell WITHOUT

having to be “short”. If you are thinking about a short sale I can help

you get an accurate value for your home and get back on your feet. 

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 Short Sale Negotiator.  

    

Finding The Right Solution
How To Do A Short Sale
How To Write A Hardship Letter
Loan Modification Kit
Short Sale VS Foreclosure

Thousand Oaks Market Update                            Simi Valley Short Sale Trends  

Moorpark Market Update                                        Moorpark Market Trends

Ventura County Mortgage Forgiveness              Ventura County Buyers vs Sellers

Are We Still UnderWater?                                      Which Way Is This Market Headed?

Simi Valley-Price To Sell??                                   Thousand Oaks Deficiency Judgment

Moorpark Short Sale-HyperLocal                          Thousand Oaks Short Sale-HyperLocal

Simi Valley Short Sale-HyperLocal                      Buy VS Rent    &    Buying Beats Renting

Is It Too Late For A Short Sale?                             The Truth About Loan Modification Approvals

Loan Mod-Active Status Review

                                     
                                  Home Affordable Foreclosure Alternatives (HAFA)
                                    Home Affordable Modification Program (HAMP)
                                     Home Affordable Refinance Program (HARP)
                                        Second Lien Modification Program (2MP)

By Chris B Johnson Realtor.