Greetings,

Low Inventory, Big Demand

     How is the market in Conejo Valley, Ventura and Los Angeles Counties? There is only one answer – extremely low  inventory, especially in the price range below $450,000.

As of this date, 04/15/12 – in the Conejo Valley there are only 519 properties overall including SFD and condos that have active status (a portion of which have already offers or are unsellable) among which there are only 131 properties in the price range up to $500,000; 188 properties in the price range over $500,000 up to $1,000,000 and in the price range over $1,000,000 and up only 199 properties.

According to National Association of Realtors investors buy one in every four homes on the market. Also sales of vacation homes or second homes grew over 7% in 2011 compared to 2010, and the trend is still continuing this year. On the contrary owner-occupied home purchases fell more 15% last year compared to the year before. The same picture we see in our area, investor buyer sales increase.

If you are a seller and contemplating to sell, now may be the time – the homes are selling the minute they hit the market with multiple offers…