The rationale behind this viewpoint is not to convince you that this is a good time to buy a home in Ventura County.  Rather my intentions are to show you that the repeated trends in this Real Estate Market reveal that people cannot predict a change in real estate market phases (buyers’ market or sellers’ market) until that specific phase has past.

For example, geologist and scientist have taught us about the ongoing underground volcanic activities and the earth’s plate movements that eventually will cause an earthquake. However, even with all of the best technology in hand, none can tell us the exact time that an earthquake will occur. We all feel the earthquake together and prepare for aftershocks to follow.

A change in the real estate market can be compared to an earthquake. We all know that it’s coming, but don’t know exactly when and how strong and for how long it’s going to last. Just like an earthquake we don’t know when one phase in real estate ends and the other phase starts.

Three years ago, the real estate market was in a phase known as the Sellers’ Market. Many homeowners and investors sold their homes in different periods of this phase and benefited from their sales. At the same time many homeowners and investors held on to their homes thinking that Ventura County real estate market still had room to climb.

Those sellers missed their boat!!

Now that we are in a different Market we can look back and see the top of the sellers’ market. We can see how high it reached, but while we were in that phase we had no idea how high the sellers’ market was going to rise.

We are in a different market now, a Buyers’ Market. I hear many buyers waiting for the real estate market to hit bottom. Again, we are not going to know where the bottom of the homebuyers’ market is until the market becomes the homesellers’ market once more.

By no means I am saying that you should run out now and buy a house. What I am saying is that if you are in any position to buy a home right now, don’t miss your boat!