The 2009 Stimulus Package which passed earlier this year offers great incentives to first time home buyers in Ventura County.  However, not every first time home buyer in Ventura County is eligible for the $8000 tax credit.   Before you start your home shopping in Ventura County make sure you understand the facts of the first time home buyer’s tax credit.

Below are a few of the main concerns that many first time home buyers have shared regarding the new first time home buyers’ tax credit.

Important Points About The $8000 Tax Credit For Ventura County First Time Home Buyers:

• Who is considered a first time home buyer? In the 2009 Stimulus package a first time home buyer is anyone who has Not purchased a house in the past 3 years.
• What is the time limit for the $8000 tax credit? Home buyers who purchase a home between January 1st, 2009-December 1st 2009 and those who close escrow before the end of the year 2009.
• Are there any income limits for this tax credit? Yes, home buyers income can Not be more that $75,000 or $150,000 for couples who file a joint return.
• Do I have to live in the property? Yes, home buyers who are eligible for the $8000 tax credit have to live in the property for at least 3 years.
• How do I file for the $8000 first time home buyer tax credit? If you don’t already owe on your taxes, you should file an IRS revised form 5405.  If you have already filed for 2008 taxes you are advised to file an amended return.

If you are a first time home buyer in Ventura County looking to purchase a home please don’t hesitate to contact me, Mana Tulberg: (805) 443-8898.

On Thursday April 16, 2009 Camarillo celebrated the grand opening of its long anticipated Promenade.  However, not all Camarillo or Ventura County residents welcome the expansion, and have some suggestions for stores that provide a better fit with the younger portion of Camarillo.

On an article previously written by yours truly about the Camarillo Promenade E.J comments:

Mana, it may seem nice for all the shoppaholics, but we definitely need much more for the family entertainment.  How about a Dave and Busters! Our college age young people would love it and there is definitely nothing like it in Ventura Co. Kids, families and singles would sure make use of it.

How could this be promoted?
E.J

Another frustrated reader writes:

These new developments are so disappointing (so far). I was born and raised in Camarillo, but have since opted to move to Ventura about 2 years ago. Why? Because Ventura has fun things to do. There is nothing better than small, non-chain restaurants where you know the food quality is good. Camarillo and their lack of vision burns me up. All of this land and more retail space…what for? The outlet mall isn’t even that great…unless you live out of town because its a novelty. Why would we want to expand upon that with more nonsense stores! I’d like to see a Cheesecake Factory or PF Changs if we have to go the chain route. Like someone said earlier, a Dave and Busters would be ideal. In case the old folks running this city forgot, Camarillo has become a college town…even though you wouldn’t know it since all of the college students go to T.O or Ventura to have fun. How about keeping the revenue in Camarillo and create, even a small scene, for college kids to congregate and have a fun time at. Just my thoughts…

The city of Camarillo claims that the new Camarillo Promenade will provide 400 new jobs.  What city officials have failed to see is that the same number of jobs could have been provided for employees of stores in the new Promenade that served the local residents rather than the visiting shoppers.  When city officials proposed a promenade in Camarillo many residents were under the impression that Camarillo’s promenade will be some what similar to that of Westlake’s Promenade.

A large chain book store or a few restaurants would have served the families and students of California State University Channel Islands (CSUCI) better than an extension to Camarillo’s Outlet Mall.

With the Promenade adding another 28 stores to the existing Camarillo outlet, Camarillo now houses the largest outlet center in California.  Why? That is the million dollar question…

Currently there are 53 homes for sale in the city of Fillmore.  Of these 53 homes for sale in Fillmore, 12 homes are listed as short sale and 14 are bank owned or REO homes.

Below is a real estate market report for Fillmore for the month of March 2009.

Fillmore Real Estate Market-March 2009

Single Family Homes in Fillmore:

• Homes listed for sale in March: 17
• Homes sold in February: 14
• Average home sale price: $264,214
• Median home sale price: $264,214
• Average days on market: 44
• Average selling price % of list price: 98.87%

Condos and Townhouses in Fillmore:

• Condos/Townhouses listed for sale in March: 4
• Condos/Townhouses sold in March: 0
• Average Condos/Townhouses sale price: N/A
• Median Condo/Townhouse sale price: N/A
• Average days on market: N/A
• Average selling price % of list price: N/A

Source: Ventura County Regional Data Share

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

Currently there are 57 homes for sale in the city of Santa Paula.  Of these 57 homes for sale in Santa Paula, 14 homes are listed as short sale and 13 are bank owned or REO homes.

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

Santa Paula Real Estate Market-March 2009

Single Family Homes in Santa Paula:

• Homes listed for sale in March: 15
• Homes sold in March: 17
• Average home sale price: $235,265
• Median home sale price: $236,000
• Average days on market: 65
• Average selling price % of list price: 97.25%

Condos and Townhouses in Santa Paula:

• Condos/Townhouses listed for sale in March: 3
• Condos/Townhouses sold in March: 8
• Average Condos/Townhouses sale price: $160,413
• Median Condo/Townhouse sale price: $149,500
• Average days on market: 64
• Average selling price % of list price: 98.62%

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.

There are currently 193 homes for sale in Port Hueneme.  Of these 193 homes for sale in Port Hueneme, 28 are short sale homes and 5 are bank owned or REO homes.

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

Port Hueneme/Oxnard Beaches Real Estate Market-March 2009

Single Family Homes in Port Hueneme:

• Homes listed for sale in March: 14
• Homes sold in March: 6
• Average home sale price: $653,467
• Median home sale price: $613,500
• Average days on market: 34
• Average selling price % of list price: 91.45%

Condos and Townhouses in Port Hueneme:

• Condos/Townhouses listed for sale in March: 19
• Condos/Townhouses sold in March: 6
• Average Condos/Townhouses sale price: $468,567
• Median Condo/Townhouse sale price: $474,500
• Average days on market: 48
• Average selling price % of list price: 95.32%

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.

Currently there are 368 homes for sale in the city of Oxnard.  From the 368 homes for sale in Oxnard, 198 homes are short sale homes and 91 homes are bank owned or REO homes.

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

Oxnard Real Estate Market-March 2009

Single Family Homes in Oxnard:

• Homes listed for sale in March: 58
• Homes sold in March: 175
• Average home sale price: $274,142
• Median home sale price: $250,000
• Average days on market: 59
• Average selling price % of list price: 98.97%

Condos and Townhouses in Oxnard:

• Condos/Townhouses listed for sale in March: 26
• Condos/Townhouses sold in March: 48
• Average Condos/Townhouses sale price: $146,323
• Median Condo/Townhouse sale price: $116,000
• Average days on market: 55
• Average selling price % of list price: 95.45%

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.

There are currently 244 homes for sale in the city of Ventura.  Of these 244 homes for sale in Ventura, 53 homes are short sale homes and 18 are bank owned or REO homes.

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

Ventura Real Estate Market-March 2009

Single Family Homes in Ventura:

• Homes listed for sale in March: 44
• Homes sold in March: 52
• Average home sale price: $466,869
• Median home sale price: $395,000
• Average days on market: 43
• Average selling price % of list price: 92.94%

Condos and Townhouses in Ventura:

• Condos/Townhouses listed for sale in March: 23
• Condos/Townhouses sold in March: 26
• Average Condos/Townhouses sale price: $206,278
• Median Condo/Townhouse sale price: $207,000
• Average days on market: 52
• Average selling price % of list price: 99.82%

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.

Currently there are 261 homes for sale in the city of Camarillo.  From the 261 homes for sale in Camarillo, 66 homes are short sale homes and 21 homes are bank owned or REO homes.

Below is a real estate market report for the city of Camarillo for the month of March.

Camarillo and Santa Rosa Valley Real Estate Market-March 2009

Single Family Homes in Camarillo and Santa Rosa Valley:

• Homes listed for sale in March: 52
• Homes sold in March: 38
• Average home sale price: $564,084
• Median home sale price: $495,250
• Average days on market: 38
• Average selling price % of list price: 96.79%

Condos and Townhouses in Camarillo:

• Condos/Townhouses listed for sale in March: 13
• Condos/Townhouses sold in March: 15
• Average Condos/Townhouses sale price: $290,993
• Median Condo/Townhouse sale price: $304,000
• Average days on market: 47
• Average selling price % of list price: 97.93%

Source: Ventura County Regional Data Share

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

There are currently 113 homes for sale in the city of Moorpark.  Of these 113 homes for sale in Moorpark, 35 are short sales homes and 5 are bank owned homes.

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

Moorpark Real Estate Market-March 2009

Single Family Homes in Moorpark:

• Homes listed for sale in March: 26
• Homes sold in March: 23
• Average home sale price: $692,069
• Median home sale price: $575,000
• Average days on market: 48
• Average selling price % of list price: 95.21%

Condos and Townhouses in Moorpark:

• Condos/Townhouses listed for sale in March: 6
• Condos/Townhouses sold in March: 10
• Average Condos/Townhouses sale price: $229,343
• Median Condo/Townhouse sale price: $222,500
• Average days on market: 50
• Average selling price % of list price: 95.02%

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.