Santa Paula, CA

Listings continue to decrease (1932 last week; 1859 this week); sales however climbed and it is probably due to the paper work being delayed in recording sales therefore the prices which had been going down now appears to have stabilized over the last week.

The chart below summarizes the last weeks statistical numbers. However events that truly move the market are headed in the opposite direction.

The County's high unemployment of 11+% certainly is a driving force impacting the real estate market. Lack of new jobs creation is another impact source. Consumer confidence is at a low point.

The media is attempting to make things look good but individual common sense tells the general population something else.

Attempts to detract from the economy are going full bore but when push comes to shove it's the economy that most people dwell on. It's their personal economy that takes priority.

Expected is the hammer to fall.....tax increases. This has to come about and most are dreading the outcome. To be sure most middle and upper level pay scales are going to be hit hard. This in and of itself will not impact the real estate market but it most certainly will take longer for the market to start its upward acceleration.

For complete article go to: www.venturacountyretalk.com

Lofting in the air with brilliant color in the summer sky - that is what I remember of hot air balloons. The Annual Citrus Classic Balloon Festival brings the majestic balloons in arms reach ...really ...that close. Regional balloonists share one on one and connect to the local community and other enthusiasts for this colorful and awe-inspiring activity.

Enjoy the world around you!

And, if you know someone who needs to buy or sell real estate, please pass on my info. Your support is truly appreciated.

Regards,

Leah Pollack

Elite Professionals Real Estate Services, Inc.

www.eliteprosre.com

Check into all teams: http://www.citrusclassicballoons.com

www.HopeGoss.com

Remember the good ole days? Cruising down Main Street on Friday night with all the windows down and blasting REO Speedwagon? Maybe not, but the Santa Paula Police Officers Association is holding another Cruise Night for classic cars this Friday night. This event is for pre 1975 cars and trucks and will be held from 5:30pm to dusk on Friday September 5th in downtown Santa Paula on Main Street. For more information call (805) 525-4474 or (805) 933-4226 or online at http://www.santapaulapoa.org/cruisenight.htm

Search the MLS for Santa Paula homes and condos at:

www.VenturaRealEstate.org

Friday July 25, 5 to 10 p.m and Saturday July 26, 6 a.m. to 1 p.m

The Hot Air Balloon Festival will feature balloon rides, races and specialty balloons. For more information see http://www.citrusclassiballoon.com. There is a cost to get in and to park. Check out the web site for more information.

The festival will be held at the Santa Paula Airport along East Santa Maria Street between the Palm Avenue and 10th Street exits from Highway 126.

Hope to see you there!

www.VenturaRealEstate.org