Camarillo Homes Report March 2017 Data Breakdown
The number of Camarillo Homes sold this March was down by 14 homes from last March or a decrease of 27.45%.
The Camarillo Home Median Sales Price in March shows somewhat of a flat line from what was recorded a year ago, just a modest .25% increase.
The Median Sales Price is the point at which half of homes sold for more and half sold for less; it is influenced by the types of homes selling as well as a general change in values.
The Camarillo Home Average Sales Price rose slightly by 10.25 this March compared to last March. This price point inched up by 9.76% from what is recorded for all of 2016.
Camarillo Single Family Homes Statistics for last 6 months
One can see the comparison over the last 6 months for Average Sales Prices, Median Sales Prices and the Average List Price in the graph below.
What all this translates to is just under a two month supply of inventory which by definition of the Market Absorption Analysis model would still put Camarillo Single Family Homes in a Sellers Market.
Analysis of the absorption rate is an estimate that is used to determine how long it would take to sell off the current inventory of properties if all conditions remain the same. It is significant to mention that this estimate does not take into consideration any additional properties that will come onto the market in the future.
We see that at the time of writing this post, that 45% of the 69 Camarillo Homes for Sale fall between the price range of $600,000 and $800,000.
This price range may not act like a Seller’s Market because of the amount of homes that home buyers can choose from, it may in fact act very much like a Buyers Market.
Highest & Lowest Sold Camarillo Single Family Homes in March 2017
The least expensive Camarillo home that sold in March received $395,000. This home has two bedrooms and two and one half baths. It is 919 square feet in size.
The most expensive Camarillo Home sold in March sold for $2,375,000. This spectacular Spanish Hills estate has five bedrooms and three full bathrooms and three half baths. It comes in at 8282 square feet in size.
The breakdown of available Camarillo Single Family Homes for Sale is shown below on the graph.
Understanding the Camarillo Real Estate Market is critical for a buyer when purchasing a home. This is one of the reasons I prepare the Camarillo Housing Report March 2017. This knowledge will help the buyer decide the best offer and terms for the local market. Inventory and Market Trends plays a big role in deciding just what to offer to secure your next home.
To put your best foot forward when making an offer on a Camarillo Single Family Home, you will need to rely on the experience of a local agent who knows the market well and has experience navigating this unique market.
Although not every property attracts multiple offers, many of them do, so when you find a home you want to make yours, you’ll need to be not only ready, willing and able to buy, you’ll quite often need to do it quickly.
Search for Camarillo Homes
Start your search for Camarillo Single Family Homes for Sale today to see what types of property are available, then give me a call to discuss what your best options are and how I can help you get positioned to find the Camarillo Home of your dreams.Click Here!
Curious about the value of your Camarillo home?
During this time of year, it’s common for me to get questions about what’s happening in the real estate market.
More specifically, many of my clients are curious about their home’s value.
Whether you are thinking of making a move, or just want to see how much equity you’ve built up, let me know and I’ll send you a professional estimate of your home’s value.
You can use this estimate for planning your financial future, as well as your potential housing moves.
Just click on the button below and I’d be happy to produce a report on your Camarillo home’s value.
Camarillo Housing Report March 2017 Summary
- Average Sales Price: $733,807
- Median Sales Price: $594,000
- Number of Total Sales: 37
- Average Days on Market: 86
- Average SP/LP: 93.42%
I am often asked about how the Camarillo Housing Market is doing.
I hope you find the Camarillo Housing Report March 2017 helpful!
She can be reached by phone/text at 805-746-1793. Kathy offers a wide range of real estate solutions for buyers, sellers and investors, attracting clients who demand excellence—in marketing, negotiations, market knowledge—and a genuine concern for their needs.
Kathy services all of Ventura County beautiful Cities: with an emphasis on Ventura, Oxnard, Camarillo and Ojai.
Statistics represent Camarillo Single Family Homes (Source: VCRDS) for the referenced month. Information (as 4/20/2017) is deemed reliable, but not guaranteed.