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Market Trends
Commentary Provided byKaren Taussig Because of the decrease in housing prices there are more Buyers than a year ago but overall, there are still more Sellers than Buyers. |
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| Report Date | Fall 2009 | ||
| Nearest Metro Area | Ventura | ||
| Buyers’ or Sellers’ Market | More buyers than sellers | ||
| Average Time on Market | 30-60 days | ||
| Market Trend | Decreasing | ||
| Housing Inventory | Limited Supply | ||
| Average Home Price | $275,000 - View Graph Trend | ||
| Best Selling Price Range | $250,000 - $299,000 | ||
| Worst Selling Price Range | $500,000 - $549,000 | ||
| Compared to Last Year | No Change | ||
| Prices As % of Asking Price | More than 100% | ||
| Multiple Offers? | Yes | ||
| Greatest Activity | First Time Buyers | ||
| Buyer Activity for the past 90 days in Oxnard is | Decreasing | ||
| Seller Activity for the past 90 days in Oxnard is | Decreasing | ||
| Is Financing Available For Qualified Buyers in Oxnard? | Yes | ||
| Existing Home Prices for the past 90 days are | Increasing | ||
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | More than 50% | ||
| Housing Hot Spots | Channel Islands Beach, North Oxnard, Port Hueneme | ||
| Reason to Buy/Sell | Lower prices with good selection and competitive interest rates creates a perfect time to buy in Oxnard! | ||
| Average Sold Price | $275,000 - 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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Oxnard Local News
News for Oxnard, CA - Saturday November 7th, 2009 7:17pm
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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