Ojai, CA

The data illustrated below shows the Ojai and Oak View Real Estate Market Trend inching its way up, with inching being the keyword here. After the huge gains shown in 2006 & 2007, the Ojai and Oak View Real Estate Market suffered price depreciation like most of the nation, but has weathered the storm well and I think that is because it is so desirable.

Interesting to note for the last 3 years the amount of Ojai and OakView Single Family Homes sold has been consistent and if the numbers for January can be projected for the next 11 months, then 2012 may beat the 2009-2011 consistent Ojai & Oak View Single Family Homes sold numbers.

Ojai is a very desired destination and with interest rates low, it is a great time to buy, as Warren Buffett recently said.

All information deemed reliable, but not guaranteed. Copyright © 2011 Rapattoni Corporation. All rights reserved. Copyright © 2011 VCRDS U.S. Patent 6,910.045

The New Libbey Bowl in Ojai has began to fill the 2012 Performance Schedule. This wonderful new amphitheater replaced the old termite riddled structure and opened last year just in time for last year's Ojai Music Festival.

According to the Ventura County Star, Beth Sunderland, whom the foundation hired in September to manage the city-owned facility reported to the Ojai City Council. The Ojai City owns the Libbey Bowl.

Sutherland told the Ojai City Council there will be a two-tier fee system for using the bowl; one for nonprofits and one for professionals.

Further reported by the Ventura County Star, the Ojai City Manager Robert Clark said the foundation will pay the city a facilities fee of $2 per seat, which will be kept in a fund to maintain Libbey Bowl.

Some of the schedule events for 2012 at the Ojai Libbey Bowl includes an Easter Sunday service, the Ojai Storytelling Festival in May, the Ojai Music Festival in June and musician Leo Kottke in the fall.

This is such a lovely venue in Ojai, if you have not been there, please visit soon.

For more information about the 2012 Libbey Bowl Schedule

The Market Trend shown below for the Ojai & Oak View Real Estate Market shows us that the average sales price for 2011 was very close to the average sales price for 2010, which is very interesting since we hear so much about homes prices declining. The days on the market are a bit longer than other cities nearby like Ventura. It is also interesting to note the Average List to Sales price consistently falls in the 94-95% bracket.

Ojai Homes for sale up to $249,999

Ojai Homes for sale $250,000 to $499,999

Ojai Homes for sale $500,000 to $749,999

Ojai Homes for sale $750,000 and up

The data shows for the Ojai-Oak View area that prices in 2011 have increased by 4.51% over the 2010 prices on average. Also interesting, is the number of Ojai-Oak View homes sold from 2010 to 2011 was a very small drop.

We can also see that the average List Price to average Sales Price for Ojai & Oak View was a greater percentage than the surrounding communities, who showed a much closer List Price to Sales Price.

So, even though, there was this gap between average List Price and average Sold Price, the average Ojai -Oak View Sold Price in 2011 still came in 4.51% higher than 2010.

Ojai shows us again why it is a magical place to live.

Ojai-Oak View Real Estate Report for November 2011

Some interesting facts from data illustrated below...........

Distressed Properties (Short Sales & Bank Owned) make up 20% of the Active Listings

Distressed Properties (Short Sales & Bank Owned) make up 59% of the Listings under Contract

Distressed Properties (Short Sales & Bank Owned) make up 50% of the Sold Listings

Average Days on Market (DOM) for Active Listings is 139

Average Days on Market (DOM) for Listings under Contract is 162

Average Days on Market (DOM) for Sold Listings is 100

originally published at ventura county real estate center