Summer 2013 Ventura County Residential Real Estate Update.

1. Ventura County
Real Estate
July 2013
Presented by:
John Wise, Broker/Owner
2ci Direct Real Estate Services
www.2ciDirect.com
Ph (818) 391-4131
jwise@2ciDirect.com
CA DRE #01095715

2. Values are up
everywhere!!

3. Primarily due to a lack of supply!

4. Other factors for the sharp
increase...
- High Investor Demand led by:
-> Blackstone
-> Other Wall Street firms
-> Large Institutional Investors
-> Smaller Buyer Groups
- All-time low interest rates
- Pent-up Demand

5. Will the increases
continue?
- Factors influencing values:
Reduced Investor Demand

6. <- Rental Rate
increases for the
last 12 months
Year-over-Year
increase of 3.6%

7. <- Single-Family
Median Home
Prices
Year-over-Year
increase of 19.3%

8. Will the increases
continue?
- Factors influencing values:
Reduced Investor Demand
Higher Interest Rates

9. Rising Rates

10. NAR Affordability Index
A score of 100 means a family with the average
median income can qualify for the average
median priced home! Scores above 100 means
they can afford more than that.

11. Will the increases
continue?
- Factors influencing values:
Reduced Investor Demand
Higher Interest Rates
Move-Up Buyers

12. Larger SFR’s in Ventura County
Median Sold Price

13. Larger SFR’s in
Ventura County
Under Contract ->
<- Larger SFR’s
in Ventura
County Listed
by Month

14. Will the increases
continue?
- Factors influencing values:
Reduced Investor Demand
Higher Interest Rates
Move-Up Buyers
California Job Growth

15. California Jobs
provided by the Department of Numbers

16. Services We Provide
In Ventura County and LA County
Residential and Multi-Family Real Estate
Seller Representation
Buyer Representation
Residential Property Management
Short Sale and Foreclosure Assistance
Professionalism, Work-Ethic and
Communication

17. Ventura County
Real Estate
July 2013
Presented by:
John Wise, Broker/Owner
2ci Direct Real Estate Services
www.2ciDirect.com
Ph (818) 391-4131
jwise@2ciDirect.com
CA DRE #01095715