Ventura County’s real estate market in the first 6 months of 2009 has surprised a few speculators, Realtors, and even home buyers and home sellers.  In an economy where many predicted a gloomier forecast for the state of California, the housing market surprised many of these analysts.

In Ventura County the real estate market has turned once again into a Seller’s Market.  Sellers who price their homes appropriately have the opportunity to receive more than one offer in the first week of marketing their home.

The number of homes sold in the first half of 2009 in Ventura County compared to the same period of time last year has increased by 11%.  While the median price of homes sold in Ventura county for the first half of 2009 dropped 23% compared to the median price of homes sold in the same time last year, 2008.

Source: Ventura County Regional Data Share

Real estate is a very unpredictable business.  This year a few relatively new factors such as an increase in the number of bank owned homes/REOs,  and the Federal Government’s $8000 first time home buyers’ tax credit have impacted Ventura County’s real estate market.  It will be interesting to see how Ventura County’s real estate will perform in the second half of 2009. Stay tuned.