The Los Angeles Times reported today (“Home Sales Slump in July” – Business section) that SoCal saw a 21.4% drop in sales between July/2010 and July/2009. Is that true for our area? NO! Sales in Ventura and Camarillo were UP in that year over year comparison, while Oxnard was in fact down. General media headlines can be unsettling, but Ventura home sales are NOT like the Inland Empire, et al, so when reading the headlines, dig a little bit deeper and check out our statistics for the truth!

Sold prices for single family homes in Ventura and Camarillo are on the rise while Oxnard remains unchanged. Sold prices for condos for all 3 cities is downward. The number of sold single family homes in Ventura and Camarillo is rather flat and Oxnard is down.

The monthly and quarterly charts and detailed stats for July are in for Ventura, Oxnard and Camarillo. The quarterly charts end with June data and the 12 month charts are for the last 12 months. The graphs are in Adobe.pdf format.  To preview the charts read more… Read the rest of this article »

At the beginning of every month we check to see how many homes are on the market for sale – and the numbers are increasing. Here are the numbers. A lot has to do with the end of the $8,000 federal tax credit, but even with interest rates at all time lows, this build up of inventory means the economy is still sputtering along. On the other hand, we’re starting to see an apparent decline in the number of  foreclosures in the County which is a good thing.

The updated Ventura County foreclosure stats for July are in and the chart can be previewed by clicking here. You can also preview the quarterly chart ending with June ‘10 going back quarterly since 2005.

The first stage of foreclosure is the Notice of Default where the borrower has 3 months to bring any back payments current. For July, the number of defaults is holding steady at about 500 for the month.

The second stage is the Notice of Trustee Sales when a sale date is set. The number of NTSs for July is down from the spike in June to the mid-500s.

The third stage is the Trustee Deeds where the property has gone back to the bank or investor bought. The number for July is on a slight downward trend in the low 200s.

The number of homes in Default (the first stage of foreclosure) has been on the decline since previous highs with a few exceptions, while the number of  Notice of Trustee Sales and Trustee Deeds have been on the rise. This is partly due to banks unloading their shadow properties.  See for yourself this trend on the Quarterly chart of Ventura County Foreclosure Statistics since 2005.

There are several factors in play – there are more fixed rate loans than the subprime loans of yesteryear; home prices have stabilized and are on the rise in Ventura, Oxnard and Camarillo; and the HAFA program is available with a $3,000 relocation incentive for the home owner to do a preapproved, streamlined short sale.

If you’re interested in the HAFA program (Home Affordable Foreclosure Alternative) – give us a call or comment on this site!

A new feature we now provide, along with all the housing stats, are foreclosure stats for Ventura County in two time categories:

1. The last 12 months
2. Per quarter since 2005

The trends are covered for the three foreclosure reports – Notice of Default (NOD), Notice of Trustee Sales (NTS) and Trustee Deeds (REO).

You’ll be amazed to see on the year to end and quarterly charts the dramatic changes and sometimes violent activity!

Data is used with permission from Foreclosure List Service.

Interest rates are at an all time low of 4.57% for a 30 year, fixed rate loan according to a recent survey by Freddie Mac.

But now there is much speculation if this fabulous interest rate will keep the housing market at the fever pitch it was prior to the April 30th deadline for first time homebuyers to enter into escrow to receive the $8,000 federal tax credit.

Check out for yourself the chart that Don Nelson Team compiled for the  number of homes sold in the past 12 months for Ventura, Oxnard and Camarillo. Which city do you think hiccuped but has now rebounded to fever pitch?

Our monthly and quarterly charts of single family homes and condos that have sold for Ventura, Oxnard and Camarillo are just a click away! This month, we’ve enhanced a feature showing the number of single family homes sold per quarter. For those of you who must have the raw stats, follow below… The graphs are in Adobe pdf format.

Here are the links for the charts of  sold prices for  single family homes and condos:

• Quarterly graph – single family homes sold prices in Ventura, Oxnard, Camarillo.
• 12 month graph – single family homes sold prices in Ventura, Oxnard, Camarillo.
• Quarterly graph – condos sold prices in Ventura, Oxnard, Camarillo.
• 12 month graph – condos sold prices in Ventura, Oxnard, Camarillo.

Here is the chart for the numbers sold per quarter for single family homes:

Quarterly graph – single family homes, numbers sold in Ventura, Oxnard, Camarillo.

Detailed statistics for single family homes in:

• Ventura
• Oxnard
• Camarillo

Detailed statistics for condos in:

• Ventura
• Oxnard
• Camarillo

Detailed statistics for pendings (single family homes and condos in escrow):

• Ventura
• Oxnard
• Camarillo

At the beginning of each month, we take a snapshot to see how many homes are on the market for sale. As expected, the Ventura, Oxnard and Camarillo homes for sale inventory jumped. Why? The rush by first time buyers to get in on the Fed’s $8,000 credit sucked buyers from the late spring/early summer buying period when (historically) more homes come on the market for sale.  BUT - looking at June’s sale numbers, our area remained relatively constant and strong compared to a 30% drop nationally last month. Here are the inventory numbers.

Beginning this month, we’re adding graphs to our statistics so you can quickly see the price trends for Ventura, Oxnard and Camarillo.

Check out the quarterly graphs for single family homes and condos for the past 3 year history (longer term trends) plus the current 12 month time span (more volatile) charts. The graphs are in Adobe pdf format.

For the number crunchers out there, we still publish the hard statistic numbers like always (pendings, number of homes sold by size groupings, list prices, sold prices, days on the market, etc).

Here are the links:

• Quarterly graph – single family homes sold prices in Ventura, Oxnard, Camarillo
• 12 month graph – single family homes sold prices in Ventura, Oxnard, Camarillo
• Quarterly graph – condos sold prices in Ventura, Oxnard, Camarillo
• 12month graph – condos sold prices in Ventura, Oxnard, Camarillo
  

Detailed statistics for single family homes in:

• Ventura
• Oxnard
• Camarillo

Detailed statistics for condos in:

• Ventura
• Oxnard
• Camarillo

Detailed statistics for pendings (single family homes and condos in escrow):

• Ventura
• Oxnard
• Camarillo