Ventura Housing Market Report December 2016
This Ventura Housing Market Report December 2016 will show us how this segment of Ventura Real Estate performed for this last month of 2016.
This Report will give us housing sale statistics for Single Family Homes only. We then can compare these sales figures to past periods to get a sense of how this segment of the Ventura Real Estate Market is performing overall.
From this data we can determine if it is still a Seller’s Market or a Buyer’s Market. All the data comes from what has been entered in the local Multiple Listing Service (MLS) only.
The Ventura Housing Market Report December 2016 only looks at Ventura Single Family Homes excluding the Beach Areas.
Ventura Housing Market Report December 2016 Data Breakdown
In December, 2016, we see 52 Single Family Homes were sold. This is an decrease of 18.75% from what was sold last December.
The Median Sales Price stayed exactly the same from December, 2015. Median Home prices did rise by 8.49% from what was recorded cumulatively 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’s influenced by the types of homes selling as well as a general change in values.
We see that the Average Sales Price also went down a bit this month by .81% from the same month last year. The sales data also shows us that this price point did see an increase of 5.44% from what was recorded cumulative for all of 2015.
Highest & Lowest Sold Ventura Single Family Homes in December
The lowest price home that sold in December, 2016 was a three bedroom, two bath, 1320 square foot home and the sales price was $430,000.
The highest price home sold for $1,250,000. This property has four bedrooms and three full bathrooms and one partial bathroom.
Ventura Single Family Homes Statistics for last 6 months
One can see the comparison over the last 6 months for Ventura Single Family Homes Average Sales Prices, Median Sales Prices and the Average List Price in the graph below.
What about the inventory of Ventura Homes for Sale?
The current inventory of Ventura Single Family Homes is 84 and that translates to a tad over a one month supply of inventory. This means that Ventura Single Family Homes falls within the category of a Seller’s Market. This is by definition of the Market Absorption Analysis model.
The bulk of the Ventura Homes for Sale in Ventura is in the price range of $550K to $700K making up 31% of the 84 available homes on the market at the time of this writing. This price range may act a bit more like a Buyer’s Market than a Seller’s Market because of the number of homes available for Buyers to comparative shop in this price range.
The number of Ventura Single Family Homes that are for sale are shown below on the graph, broken down by price ranges.
These are Ventura homes that do not have accepted offers on them. This is the list as of this writing, to see the up to date list see Ventura Single Family Homes.
How difficult will it be to find a home in Ventura in 2017?
As you can see, inventory of Ventura Single Family Homes is low. The inventory of homes in the price range under $400,000 price range will be a more competitive market.
It is important to understand the local Real Estate Market when buying a home.
Here is some advice to put your best foot forward when making an offer on a Ventura 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.
You need to have your finances in order. Have a pre-approval letter in hand or proof of where the money is coming from if you are going to pay cash for your new home.
Not every property attracts multiple offers, but 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 need to do so fast.
Find Ventura Single Family Homes for Sale
Start your search for Ventura 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 Ventura Home of your dreams.
Ventura Homeowners thinking of Selling?
Inventory is low, now is a great time to put your home on the Market. I study the local market continuously so I can put the most money in your pocket that the open market will bear. Give me a call today to discuss how I sell your home for top dollar.
Ventura Housing Market Summary for Single Family Homes
- Average Sales Price: $629,378
- Median Sales Price: $575,000
- Number of Total Sales: 52
- Average Days on Market: 53
- Average SP/LP: 97.29%
I am often asked about how the Ventura Housing Market is doing.
I hope you find the Ventura Housing Market Report December 2016 helpful!
About the author: The above Real Estate information about Ventura Housing Market Report December 2016 report 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.
Statistics represent Ventura Single Family Homes (Source: VCRDS) for the referenced month. Information (as of the posting date) is deemed reliable, but not guaranteed.