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Commentary Provided byKaren Taussig If you can qualify, now is an exceptional time to buy a home in Channel Island Beach. Low rates with lowest prices in five years makes a home purchase a great value! Waterfront properties are more affordable here than nearly anywhere else on the California coast. Call now for more information at 805-984-2330. |
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| Report Date | Fall 2009 | ||
| Nearest Metro Area | Ventura | ||
| Buyers’ or Sellers’ Market | More buyers than sellers | ||
| Average Time on Market | 90-120 days | ||
| Market Trend | No Change | ||
| Housing Inventory | Good supply - Some Prices | ||
| Average Home Price | $650,000 - View Graph Trend | ||
| Best Selling Price Range | $500,000 - $549,000 | ||
| Worst Selling Price Range | $1,000,000+ | ||
| Compared to Last Year | Down 20-25% | ||
| Prices As % of Asking Price | 90-95% | ||
| Multiple Offers? | Yes | ||
| Multiple Offers Commentary | Yes, if the property is $500,000, no if over $1,000,000 | ||
| Greatest Activity | Repeat Buyers | ||
| Buyer Activity for the past 90 days in Channel Island Beach is | Decreasing | ||
| Seller Activity for the past 90 days in Channel Island Beach is | No Change | ||
| Is Financing Available For Qualified Buyers in Channel Island Beach? | Yes | ||
| Existing Home Prices for the past 90 days are | No Change | ||
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 5-10% | ||
| Housing Hot Spots | Most cities within the Ventura County area are considered 'Housing Hotspots' | ||
| Reason to Buy/Sell | Lower prices with good selection and competitive interest rates creates a perfect time to buy in Channel Island Beach! | ||
| Average Sold Price | $650,000 - View Graph Trend | ||
| National Real Estate Market | |||
| National Summary: National Housing Market Recovery Near? Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there. Click here for full article... | |||
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Karen Taussig
Karen Taussig Realty, Inc. Oxnard, California 805-984-2330 karen@karentaussigrealty.com Agent Home Page 
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Channel Island Beach Local News
News for Channel Island Beach, CA - Saturday November 7th, 2009 7:10pm
From www.car.org:
Homeowners win big with extension and expansion of federal tax credit
The tax credit will be extended through April 30, 2010, with a 60-day extension if a binding contract is in place prior to the deadline. First-time home buyers will continue to receive a tax credit of up to $8,000, while existing homeowners will receive a credit of up to $6,500. Existing homeowners will be eligible for the $6,500 if they have lived in their current residences for at least five years. The bill also will increase the qualifying income limits from $75,000 for single tax filers and $150,000 for joint filers to $125,000 and $225,000, respectively. The purchase price of the home is capped at $800,000.
Under additional provisions in the bill, taxpayers can claim the credit on purchases completed in 2010 on their 2009 income tax returns. The bill maintains the provision that home buyers do not have to repay the credit, provided the home remains their primary residence for 36 months after purchase, and waives this requirement for active duty military personnel who move due to a military order.
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