venturacountyretalk.com/2008/06/29/monday-morning-coffee-break-ventura-county-real-estate-doings-for-week-ending-june-28-2008/

Let me leave you with a mid-year, 6 months comparison between 2007 and 2008 of Ventura County.

For 2007 (January 1 thru June 29) there were 3,529 homes that had sold; the average list price for sold homes averaged $ 722,009; the homes sales price averaged $ 699,077 for a variance of 3.3%. These sold homes were on the market for an average of 76 days.

For 2008 (January 1 thru June 28) there have been 2828 homes sold (a decrease of 25% for similar period in 2007). The average listing price for sold homes this year for this period was $ 703,304 (about the same as 2007). The average sales price of sold home is $ 555,877 this year. The variance between sold homes list price and sales price is down 26.5%. Sold homes are taking 92 days now compared to 76 days in 2007.

On that sobering note I will talk to you next week. Yes the market has bottomed and is headed upward. Good news is starting to be printed about Ventura County real estate. It began with the University of California annual report last month and positive news will continue.

For the complete article go to: www.venturacountyretalk.com