Real Estate Market Snapshot – October ’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 890 $1,342,177 100 962 $698,593 87
Last Year 1253 $1,187,099 88 973 $877,052 74
% Difference 71% 113% 114% 99% 80% 118%
 
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

Not a whole lot happening this month. I think we are all waiting to see what is going to happen with the elections and the aftermath.

Inventory is still down almost 30% from last year. A couple good things to note… We only have 890 listings in the Conejo Valley and in the last six months we’ve sold 962. The time it takes to sell our current inventory is constantly shrinking. ALSO, notice how the number of sold listings in the last six months from today is quickly catching up to last years numbers. We expect to see the number of sales exceed last year’s figures by the end of next month.

On the other hand… Prices are still creeping (not sliding) down. We shall see what happens after the elections!

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