According to the September issue of “The Economic Watch” by local Economist Mark Schniepp who has been a guest speaker at a Ventura County Coastal Association of Realtors general membership meeting, home prices are going up.
In Ventura County the median single-family home selling price in May-July, 2012 was $426,543 as compared to $412,230 in February-April, a 3.5 percent increase.
California home sale prices came close to a 4-year high in July, with the pace of sales year-over-year growing for the fourth month in a row, the California Association of REALTORS® reported.
The median home price in July for an existing single-family home was $333,860 last month, up 4.2 percent from $320,540 in June and nearly 13 percent from a year ago, when the median home price in California was $296,160.