Real Estate Market Snapshot – November ’08

  ACTIVE SOLD – w/in Last 6 Months
  Number of
Listings
Average Price Days on
Market
Number of
Listings
Average Price Days on
Market
Today 864 $1,313,753 100 959 $689,798 85
Last Year 1196 $1,173,932 96 891 $888,664 75
% Difference 72% 112% 104% 108% 78% 113%
 
GREEN Indicates an improvement from the previous year.
RED Indicates a decline from the previous year.
Information is gathered from the Ventura County MLS. All information is deemed reliable but not guaranteed to be accurate.

The spreadsheet above is updated almost daily by going to this link: http://www.themmteam.com/2008/09/conejo-valley-stats.html

As we mentioned earlier this month in an announcement, the Conejo Valley, for the first time in TWO years has finally started to sell more homes than it did the year before.

We predicted in last month’s Real Estate Market Snapshot, that this year’s sales would exceed last year’s sales by the end of the month.

As you can see in the chart above, Conejo Valley is by far selling more than last year and this number continues to spread further. Another thing to note is that inventory is STILL down almost 30% from last year. Which poses the question: If inventory is down and sales are up, does that mean houses are not staying on the market as long?

YES! Last month the days on market were 14% higher than last years figures. This month it has dwindled down to 4% higher. We expect to see this number become lower in the next couple of months. Stay on the look out for more snapshots!

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