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60 SECOND NEWSLETTER - August 2020



Ojai Market Report Below is what we’re seeing in the Ojai market when comparing numbers from last year to this year to date.

  • 9% decrease in homes sold

  • 28% decrease in days on market

  • 9% increase in sold prices.

The drop in homes sold can be attributed to less inventory since the beginning of the COVID-19 situation. We are seeing a strong demand which is leading to shorter market times and increased prices. This is great if you’re looking to sell. If you’re looking to buy, it means there are less buyers looking which could lead to less competition.


Ventura Market Report Below is what we’re seeing in the Ventura market when comparing numbers from last year to this year to date.

  • 17% decrease in homes sold

  • 15% decrease in days on market

  • 12% increase in sold prices.

We're having the same inventory problem in Ventura as we are in Ojai. We were seeing longer days on market in the beginning of the pandemic, but we're seeing that drop back down now. This is great if you’re looking to sell as you may have less competition when buyers are looking. If you're looking to buy, you'll want to ensure you're putting in a strong offer.


Oxnard Market Report

Below is what we’re seeing in the Oxnard market when comparing numbers from last year to this year to date.

  • 13% decrease in homes sold

  • 0% change in days on market

  • 10% increase in sold prices.

What these numbers tell us is that the market in Oxnard is staying steady in terms of demand with an uptick in home values. For buyers, you're going to see less inventory. However, you may have increased negotiating power since homes aren't moving as quickly.



What is a Seller's Market? A Seller's Market occurs when there is 3 months or less of inventory in a specific market. So if no new inventory came on the market, there would be no more homes available in 3 months. This positions sellers as having the stronger negotiating power and typically leads to higher prices.


Got questions about the Real Estate Market? Contact Us today!

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