11 homes in Ventura sold in the last week.
Average list price was $759,873 with a sold price average of $736,154 which translates into a 97% list price to sales price ratio.
For properties sold below $500,000, the average sale was 98% of asking.
For properties sold vetween $500,000 and $800,000, the average sale was 96% of asking.
California Median Home Price
California Pending Home Sales Index: Statewide pending home sales fell in March on an annual basis, with the Pending Home Sales Index (PHSI) decreasing 1.7 percent from 138 in March 2015 to 135.6 in March 2016, based on signed contracts.
California Traditional Housing Affordability Index: First Quarter 2016: 34 percent
Are you ready for a kitchen upgrade but lacking an everything-but-the-kitchen-sink kind of budget? Plenty of low-cost improvements can revive a kitchen without the need to rip out cabinets and rewire appliances. Consider these tips from This Old House and HGTV.
Color Splash: With a new coat of paint and some other accents, you might not even recognize your own kitchen. Make over dark wood or white cabinets with a cool hue, such as pale sage green, or create visual impact by painting a focal point, such as your island, a bold color. A tile backsplash, graphic prints and new hardware are also inexpensive ways to add personality. Consider a new and easy-to-clean linoleum floor in a shade such as Red Amaranth.
by Teryn Bonime www.teryndowntheroad.com
Because I work with so many investors and need to know the rental market, I keep an eye on the rental prices and inventory in the local areas. It’s never been easy finding a rental in this area but here is a very general article that may shed some light.