Home sales and median prices rose in Ventura County in October, driven by activity in the middle and upper range of the property market, a San Diego-based research firm reported Tuesday.
According to DataQuick, the upward momentum was reflected across the region as a whole, with Southern California home prices having the seventh straight month of price increases compared with the same period in 2011.In Ventura County, where resale family homes accounted for the majority of sales activity, the number of homes sold rose 35 percent, from 673 homes sold in October 2011 to 908 homes sold last month. The median sale price locally rose from $335,000 to $360,000, an increase of 7.5 percent year on year.
We are experiencing a lack of inventory, any home listed at a fair market price is selling in days, some with multiple offers.
This is a great time for sellers to sell and buyers to buy.
