Oxnard Homes Report July 2016
Let’s take a look at the Oxnard Homes Report July 2016 to see how this segment of the Oxnard Real Estate Market performed this month.
80 homes sold this July compared to 82 in July, 2015. However, it appears when we compare the 2 periods, that more homes sold in the lower price range in July, 2016 than in July, 2015.
Here is a breakdown of the other numbers.
The Median Sales Price dropped by 2.75% from what was recorded a year ago. That does not indicate a trend for lower Oxnard Home prices because we see that the Median Sales Price rose 4.76% from what was recorded for all of 2015.
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.
Average Sales Price also saw a slight dip this month down by 1.58% compared to July of last year. If we compare July 2016 to the total for the Average Sale Price for 2015, we see a rise of 4% in housing prices.
The lowest priced Oxnard Single Family Home that sold in July went for $159,257. This home has three bedrooms, two baths. It is 1255 square feet large. This home is part of the Oxnard Housing Affordability Program.
The highest priced Oxnard Single Family Home sold for $695,000. This home has three bedrooms and two bathrooms and is 2070 square foot large. This single story home is located in the River Ridge community.
One can see the comparison over the last 6 months for Oxnard Single Family Homes Average Sales Prices, Median Sales Prices and the Average List Price in the graph below.
The inventory of Oxnard Single Family Homes is still somewhat limited. There are 116 Single Family Homes for Sale in Oxnard. This number does not contain the beach or ocean front homes.
That translates to just over a one month supply of inventory which by definition of the Market Absorption Analysis model would still put Oxnard Single Family Homes in a Sellers Market.
The active listings are shown on the graph below are Oxnard Single Family Homes listed that do not have accepted offers on them. This is the list as of this writing, to see the up to date list see Oxnard Single Family Homes.
The Oxnard Homes Report July 2016 still shows our market as a Seller’s Market because of limited inventory of homes for sale.
If you want to sell your home in Oxnard, call me and I can tell you how I’ll get your home sold for top dollar and fast!
Remember when the market turns to excess inventory, the price and timeline of selling your home can be affected adversely.
I am often asked about how the Oxnard Housing Market is doing.
I hope you find the Oxnard Homes Report July 2016 helpful!
How difficult will it be to find a home in Oxnard in 2016?
As you can see from the graph above, inventory of Oxnard Single Family Homes is low, so it will be a more competitive market, especially in the under $350,000 price range.
Understanding the Oxnard Real Estate Market is crucial when looking for a home.
To put your best foot forward when making an offer on an Oxnard 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.
Start your search for Oxnard Single Family Homes for sale today to see what types of property are available.
Call me to discuss what your best options are and how I can help you get positioned to find the Oxnard Home of your dreams.
About the author: The above Real Estate information on Oxnard Homes Report July 2016 was provided by Kathy Stoltman.
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 & Ojai.