By Leslie | December 20, 2011
The following data comes from www.ForeclosureListService.com.
We are definitely seeing a surge in the filing of new foreclosures in Ventura County. The first step in California’s foreclosure process is the filing of the Notice of Default. That period lasts 3 months, then the trustee/lender files the Notice of Trustee Sale document which gives the time, place and amount of bid for the property. If the property goes to auction, a Trustee Deed is recorded showing the new owner. It can either be the lender (if no third party bid for it) or the successful high third party bidder.
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By Leslie | December 20, 2011
November home sales numbers continued to fall in Ventura and Camarillo with a slight uptick in Oxnard.
Single family home price points increased for Ventura and Camarillo and Oxnard remains steady; but condo price points for Ventura are softening while Oxnard had a modest increase and Camarillo bounced back up.
Because monthly reports are more volatile, I’m waiting for December’s numbers so we can see how the broader trend looks for the last quarter of 2011.
The percentage of single family homes that were distressed sales in the month of November are:
Ventura – 49% Oxnard – 63% Camarillo – 51%
Sold prices – Single family homes in Ventura, Oxnard, Camarillo:
Sold prices – Condos in Ventura, Oxnard, Camarillo:
Numbers sold – Single family homes in Ventura, Oxnard, Camarillo:
Detailed data for single family homes sold in:
Detailed data for condos sold in:
Detailed monthly data for pendings (in escrow) – single family homes and condos:
All data is taken from the Ventura, Oxnard and Camarillo MLS.
By Don | December 16, 2011
Here are examples of small industrial units that were recently taken back by their lenders. They show exceptional value for either an owner/user or an investor looking to acquire small industrial units.
This photo is of 2 adjacent condo units on Dupont Circle, Ventura. Each are about 1,200 square feet, have an office in front with warehouse in back. Currently, the front offices are open to each other but could easily be put back into individual offices. The opening bid for the pair at auction was $240,000 but there were no bidders so the units reverted back to the lender. Comparable units in the area have been selling for $170,000. Read the rest of this article »
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