Here’s what the latest numbers say about our market.
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If you would’ve told me when this COVID-19 pandemic first hit that, four months later, interest rates would be hovering at historic lows (2.5%) and listed properties would be receiving multiple offers, I would’ve said you were crazy. However, that’s exactly what's happening in our Ventura County real estate market.
Let’s key in on four specific stats:
Conejo Valley (for homes under $1 million):
The bottom line: It’s a great time to sell your home. It’s also more important than ever to have your home professionally staged and properly marketed. If you’re a buyer, it’s a great time to lock in a historically low interest rate. The market is extremely competitive, so have your pre-approval ready and make your offer quickly. July was a solid month, and August is looking good too.
Stay safe out there, and if you have any real estate questions or would like to buy or sell a home, don’t hesitate to reach out to us. We’d love to help.