Ventura County Real Estate

There are currently 92 homes for sale in the city of  Moorpark.  Of these 92 homes for sale in Moorpark, 18 are short sales homes and 14 are bank owned homes.

Below is a real estate market report for the city of  Moorpark for the month of June 2009.

Moorpark Real Estate Market-June 2009

Single Family Homes in Moorpark:

• Homes listed for sale in June: 30
• Homes sold in June: 17
• Average home sale price: $481,735
• Median home sale price: $520,500
• Average days on market: 42
• Average selling price % of list price: 97.42%

Condos and Townhouses in Moorpark:

• Condos/Townhouses listed for sale in June: 6
• Condos/Townhouses sold in June: 4
• Average Condos/Townhouses sale price: $271,675
• Median Condo/Townhouse sale price: $294,500
• Average days on market: 39
• Average selling price % of list price: 98.47%

Source: Ventura County Regional Data Share

If you wish to receive updated information on Moorpark Real Estate please don’t hesitate to call Mana Tulberg: (805) 443-8898.

Posted By: Mana Tulberg- Ventura County Real Estate Agent - Specializing in Ventura County Real Estate (805) 443-8898.

Similar Posts:

• Moorpark Real Estate Market Report: May 2009
• Moorpark Real Estate Market Report: April 2009
• Moorpark Real Estate Market Report: February 2009
• Moorpark Real Estate Market Report: March 2009
• Newbury Park Real Estate Market Report: June 2009

Currently in Simi Valley and Woodranch there are 240 homes for sale.  Of the 240 homes for sale in Simi Valley and Woodranch 38 are short sale homes and 13 are bank owned or REO homes.

Below is a Real Estate Market Report for the city of Simi Valley and the WoodRanch area for the month of June, 2009.

Simi Valley and WoodRanch Real Estate Market Report

Single Family Homes in Simi Valley and WoodRanch:

• Homes listed for sale in June: 49
• Homes sold in June: 79
• Average selling price of homes: $486,389
• Median selling price of homes: $440,000
• Average days on market: 48
• Average selling price % of list price: 98.32%

Condo/Townhouses in Simi Valley and WoodRanch:

• Condo/Townhouses for sale in June: 12
• Condo/Townhouses sold in June: 17
• Average selling prices: $271,897
• Median selling prices: $247,900
• Average days on market: 87
• Average selling price % of list price: 98.55%

Source: Ventura County Regional Data Share

If you wish to receive update information on Simi Valley and/or WoodRanch Real Estate please don’t hesitate to call Mana Tulberg: (805) 443-8898.

Posted By: Mana Tulberg- Ventura County Real Estate Agent - Specializing in Ventura County Real Estate (805) 443-8898.

Similar Posts:

• Simi Valley and WoodRanch Real Estate Market: May 2009
• Simi Valley and WoodRanch Real Estate Market Report: February 2009
• Simi Valley and WoodRanch Real Estate Market: April 2009
• Simi Valley and WoodRanch Real Estate Market: March 2009
• Simi Valley and WoodRanch Real Estate Market Report: January 2009

In Thousand Oaks there are currently 196 homes listed for sale.  Of the 196 homes for sale in Thousand Oaks, 26 homes are short sale homes and 6 are bank owned or REO homes.

Below is a Real Estate Market Report for the city of  Thousand Oaks for the month of June 2009.

Thousand Oaks Real Estate Market Report

Single Family Homes in Thousand oaks:

• Homes listed for sale in June: 50
• Homes sold in June: 49
• Average selling price of homes: $682,031
• Median selling price of homes: $650,000
• Average days on market: 61
• Average selling price % of list price: 97.40%

Condo/Townhouses in Thousand Oaks:

• Condo/Townhouses for sale in June: 10
• Condo/Townhouses sold in June: 19
• Average selling price: $288,500
• Median selling price: $282,000
• Average days on market: 52
• Average selling price % of list price: 95.70%

Source: Ventura County Regional Data Share

If you wish to receive update information on Thousand Oaks Real Estate please don’t hesitate to call Mana Tulberg: (805) 443-8898.

Posted By: Mana Tulberg- Ventura County Real Estate Agent - Specializing in Ventura County Real Estate (805) 443-8898.

Similar Posts:

• Thousand Oaks Real Estate Market Report: May 2009
• Thousand Oaks Real Estate Market Report: February 2009
• Thousand Oaks Real Estate Market Report: March 2009
• Thousand Oaks Real Estate Market Report: April 2009
• Thousand Oaks Real Estate Market Report: October 2008

Newbury Park currently has 104 listed homes for sale.  Of these 104 homes for sale, 19 are short sale homes in Newbury park and 8 are bank owned or REO homes.

Below is a real estate market report for Newbury Park for the month of June 2009.

Newbury Park Real Estate Market-June 2009

Single Family Homes in Newbury Park:

• Homes listed for sale in June: 34
• Homes sold in June: 23
• Average home sale price: $788,613
• Median home sale price: $775,000
• Average days on market: 44
• Average selling price % of list price: 97.10%

Condos and Townhouses in Newbury Park:

• Condos/Townhouses listed for sale in June: 3
• Condos/Townhouses sold in June: 1
• Average Condos/Townhouses sale price: $399,000
• Median Condo/Townhouse sale price: $399,000
• Average days on market: 25
• Average selling price % of list price: 93.01%

Source: Ventura County Regional Data Share

If you wish to receive updated information on Newbury Park Real Estate please don’t hesitate to call Mana Tulberg: (805) 443-8898.

Posted By: Mana Tulberg- Ventura County Real Estate Agent - Specializing in Ventura County Real Estate (805) 443-8898.

Similar Posts:

• Newbury Park Real Estate Market Report: May 2009
• Newbury Park Real Estate Market Report: February 2009
• Newbury Park Real Estate Market Report: April 2009
• Newbury Park Real Estate Market Report: March 2009
• Newbury Park Real Estate Market Report: October 2008

On June 15, 2009 the California Foreclosure Prevention Act went into effect in order to help many Ventura County and California homeowners who are at the risk of losing their homes.  The California Foreclosure Prevention Act adds 90 days to the existing foreclosure process to help homeowners work on a loan modification program with their lenders.  This means Ventura County homeowners have an extra 90 days from the time that they have defaulted on their mortgage to the time their home is sold in a foreclosure auction.  California now requires that lenders need to prove that they have worked with a homeowner on a mortgage modification before the homeowner’s property is put up for foreclosure.

“The goal is to compel banks to do systematic loan modifications across California to reduce our foreclosure rate, which is the highest in the nation,” said Assemblyman Ted Lieu, D-Torrance, who wrote the bill.

While there is no guarantee that a homeowner is eligible for a loan modification, the new law would like to see that the lenders have made an effort to help the distressed homeowner.  Some lenders may choose not to participate in this program, however, in order to do so, they must apply for and receive an exemption from these provisions of the new law.

Although it’s great to see the government helping distressed homeowners, it is very important to know that this new law will not help every distressed homeowner in Ventura County, California.  Those homeowners in Ventura County who can not qualify for a loan modification, will opt to short sale their home.

As Ventura County distressed home owners wait for a loan modification, our county should see a reduction in the number of bank owned/REO homes.  Help from the government will assist many home owners in Ventura County, however so long as jobs are lost, governmental assistance will protect only some people from losing their homes.

If you need any help or have any question with mortgage modification in Ventura County please feel free to contact me, Mana Tulberg: (805) 443-8898.

Posted By: Mana Tulberg- Ventura County Real Estate Agent - Specializing in Ventura County Real Estate (805) 443-8898.

Similar Posts:

• Mortgage Modification VS. HOPE For Home Owners Act
• What Is the Difference Between Loan Modification and Refinancing?
• Loan Modification in Ventura County, California
• 2009 Ventura County Real Estate Outlook
• How Will The Homeowner Affordability and Stability Plan Benefit Ventura County Homeowners?

FHA home loans, with their low down payment requirement, have helped many in Ventura County achieve the dream of home ownership.  However, the current low inventory of homes for sale in Ventura County and the nature of homes for sale in Ventura County have made purchasing a home with an FHA home loan almost unattainable.  From the 1856 homes currently for sale in Ventura County only 417 of these homes accept offers from home buyers with an FHA loan.

The majority of homes that are for sale by banks, REO homes, will not take offers from FHA approved home buyers.  Bank owned homes/REOs are sold “As-Is”.  Since FHA has a series of strict guidelines on the condition of the home, most bank owned homes/REOs will not pass the FHA home loan safety and condition requirements.

Home sellers have always been more interested in seeing cash up front.  In Ventura County’s current real estate market where the home inventory is low, home sellers who have priced their home accordingly tend to receive more than one offer in the first couple of days of marketing their home.  FHA home buyers are required to provide only a  3.5%  down payment, therefore, home buyers offering a higher down payment have a better chance of having their offer accepted.

So how does a home buyer in Ventura County with an FHA home loan overcome all these obstacles?

Here are a few suggestions:

• If you are really interested in a bank owned home/REO and have the finances don’t be intimidated; make an offer, but be sure to mention in your offer that you are willing to pay for all of the necessary repairs to bring the home up to FHA standards.

• Ask your FHA approved lender about the FHA 203K Loan Rehab.  This loan allows a home buyer to finance the purchase price or the balance of the loan with the cost of repairs included into the home buyer’s loan amount.  Again this is a perfect loan for home buyers who are looking to purchase a distressed property such as some of the bank owned homes/REOs currently on the Ventura County real estate market.

• Don’t ask for closing costs and repairs.

• There is no strong advantage to offer more than the asking price.  Banks are not in the business of owning real estate.  They prefer to sell these REO properties as soon as possible.  Home buyers with an FHA home loan need to make their offers as simple as possible.   Offering the bank a price higher than the asking price does not guarantee the home buyer the property.  If another home buyer makes a cash or conventional loan offer even at the asking price or less it is very likely that the bank will discard the FHA-based offer in order to minimize their complications.

If you have any questions about FHA loans or would like assistance in locating a home in Ventura County, you can contact me at mana@manatulberg.com or by phone (805) 443-8898.

Posted By: Mana Tulberg- Ventura County Real Estate Agent - Specializing in Ventura County Real Estate (805) 443-8898.

Similar Posts:

• Making an Offer on a Bank Owned Home or REO in Ventura County
• Difference Between Short Sales and Bank Owned Homes
• Buying A Bank Owned Home In Ventura County
• Ventura County Home Buyers Ask: What Is The Difference Between Pre-Qualification and Pre-Approval
• Ventura County Home Buyers Ask: What Does “As-Is” Actually Means?

Currently there are 29 homes for sale in the city of Santa Paula.  Of these 29 homes for sale in Santa Paula, 5 homes are listed as short sale and 4 are bank owned or REO homes.

Below is a real estate market report for Santa Paula for the month of  May 2009.

Santa Paula Real Estate Market-May 2009

Single Family Homes in Santa Paula:

• Homes listed for sale in May: 2
• Homes sold in May: 18
• Average home sale price: $336,350
• Median home sale price: $289,500
• Average days on market: 47
• Average selling price % of list price: 99.81%

Condos and Townhouses in Santa Paula:

• Condos/Townhouses listed for sale in May: 1
• Condos/Townhouses sold in May: 3
• Average Condos/Townhouses sale price: $134,133
• Median Condo/Townhouse sale price: $120,000
• Average days on market: 35
• Average selling price % of list price: 106.80%

Source: Ventura County Regional Data Share

If you wish to receive updated information on Santa Paula Real Estate please don’t hesitate to call Mana Tulberg: (805) 443-8898.

Posted By: Mana Tulberg- Ventura County Real Estate Agent - Specializing in Ventura County Real Estate (805) 443-8898.

Similar Posts:

• Santa Paula Real Estate Market Report: February 2009
• Santa Paula Real Estate Market Report: March 2009
• Santa Paula Real Estate Market Report: April 2009
• Santa Paula Real Estate Market Report: October 2008
• Santa Paula Real Estate Market Report: November 2008

There are currently 190 homes for sale in Port Hueneme.  Of these 190 homes for sale in Port Hueneme, 33 are short sale homes and 6 are bank owned or REO homes.

Below is a real estate market report for Port Hueneme for the month of May 2009.

Port Hueneme/Oxnard Beaches Real Estate Market-May 2009

Single Family Homes in Port Hueneme:

• Homes listed for sale in May: 19
• Homes sold in May: 8
• Average home sale price: $941,938
• Median home sale price: $650,500
• Average days on market: 52
• Average selling price % of list price: 94.74%

Condos and Townhouses in Port Hueneme:

• Condos/Townhouses listed for sale in May: 13
• Condos/Townhouses sold in May: 11
• Average Condos/Townhouses sale price: $375,945
• Median Condo/Townhouse sale price: $359,900
• Average days on market: 43
• Average selling price % of list price: 95.31%

Source: Ventura County Regional Data Share

If you wish to receive updated information on Port Hueneme/Oxnard Beaches Real Estate please don’t hesitate to call Mana Tulberg: (805) 443-8898.

Posted By: Mana Tulberg- Ventura County Real Estate Agent - Specializing in Ventura County Real Estate (805) 443-8898.

Similar Posts:

• Port Hueneme Real Estate Market Report: February 2009
• Port Hueneme Real Estate Market Report: March 2009
• Port Hueneme Real Estate Market Report: April 2009
• Port Hueneme/Oxnard Beaches Real Estate Market Report: October 2008
• Port Hueneme/Oxnard Beaches Real Estate Market Report: November 2008

Currently there are 224 homes for sale in the city of Oxnard.  From the 224 homes for sale in Oxnard, 100 homes are short sale homes and 55 homes are bank owned or REO homes.

Below is a real estate market report for the city of Oxnard for the month of May 2009.

Oxnard Real Estate Market-May 2009

Single Family Homes in Oxnard:

• Homes listed for sale in May: 52
• Homes sold in May: 132
• Average home sale price: $298,419
• Median home sale price: $279,000
• Average days on market: 53
• Average selling price % of list price: 99.24%

Condos and Townhouses in Oxnard:

• Condos/Townhouses listed for sale in May: 26
• Condos/Townhouses sold in May: 47
• Average Condos/Townhouses sale price: $164,344
• Median Condo/Townhouse sale price: $162,000
• Average days on market: 49
• Average selling price % of list price: 97.20%

Source: Ventura County Regional Data Share

If you wish to receive updated information on Oxnard Real Estate please don’t hesitate to call Mana Tulberg: (805) 443-8898.

Posted By: Mana Tulberg- Ventura County Real Estate Agent - Specializing in Ventura County Real Estate (805) 443-8898.

Similar Posts:

• Oxnard Real Estate Market Report: April 2009
• Oxnard Real Estate Market Report: March 2009
• Oxnard Real Estate Market Report: February 2009
• Oxnard Real Estate Market Report: October 2008
• Oxnard Real Estate Market Report: November 2008

There are currently 226 homes for sale in the city of Ventura.  Of these 226 homes for sale in Ventura, 31 homes are short sale homes and 10 are bank owned or REO homes.

Below is a real estate market report for the city of Ventura for the month of May 2009.

Ventura Real Estate Market-May 2009

Single Family Homes in Ventura:

• Homes listed for sale in May: 44
• Homes sold in May: 48
• Average home sale price: $439,434
• Median home sale price: $402,500
• Average days on market: 38
• Average selling price % of list price: 97.12%

Condos and Townhouses in Ventura:

• Condos/Townhouses listed for sale in May: 8
• Condos/Townhouses sold in May: 19
• Average Condos/Townhouses sale price: $275,579
• Median Condo/Townhouse sale price: $260,000
• Average days on market: 58
• Average selling price % of list price: 96.68%

Source: Ventura County Regional Data Share

If you wish to receive updated information on Ventura Real Estate please don’t hesitate to call Mana Tulberg: (805) 443-8898.

Posted By: Mana Tulberg- Ventura County Real Estate Agent - Specializing in Ventura County Real Estate (805) 443-8898.

Similar Posts:

• Ventura Real Estate Market Report: March 2009
• Ventura Real Estate Market Report: February 2009
• Ventura Real Estate Market Report: April 2009
• Moorpark Real Estate Market Report: May 2009
• Oxnard Real Estate Market Report: May 2009