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Summer 2013 Ventura County Residential Real Estate Update.
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Ventura County Real EstateJuly 2013Presented by:John Wise, Broker/Owner2ci Direct Real Estate Serviceswww.2ciDirect.comPh (818) [email protected] DRE #01095715
Values are up everywhere!!
Primarily due to a lack of supply!
Other factors for the sharp increase...
- High Investor Demand led by:-> Blackstone-> Other Wall Street firms-> Large Institutional Investors-> Smaller Buyer Groups
- All-time low interest rates- Pent-up Demand
Will the increases continue?
- Factors influencing values:Reduced Investor Demand
<- Rental Rate increases for the last 12 months
Year-over-Year increase of 3.6%
<- Single-Family Median Home Prices
Year-over-Year increase of 19.3%
Will the increases continue?
- Factors influencing values:Reduced Investor DemandHigher Interest Rates
Rising Rates
NAR Affordability Index
A score of 100 means a family with the average median income can qualify for the average
median priced home! Scores above 100 means they can afford more than that.
Will the increases continue?
- Factors influencing values:Reduced Investor DemandHigher Interest RatesMove-Up Buyers
Larger SFR’s in Ventura County
Median Sold Price
Larger SFR’s in Ventura County Under Contract ->
<- Larger SFR’s in Ventura County Listed by Month
Will the increases continue?
- Factors influencing values:Reduced Investor DemandHigher Interest RatesMove-Up BuyersCalifornia Job Growth
California Jobsprovided by the Department of Numbers
Services We Provide
In Ventura County and LA County
Residential and Multi-Family Real Estate
Seller Representation
Buyer Representation
Residential Property Management
Short Sale and Foreclosure Assistance
Professionalism, Work-Ethic and Communication
Ventura County Real EstateJuly 2013Presented by:John Wise, Broker/Owner2ci Direct Real Estate Serviceswww.2ciDirect.comPh (818) [email protected] DRE #01095715