April 2016 Market Update - Ventura and LA County - Jones Home Collective

April 21, 2016 No Comments

April 2016 Market Update – Ventura and LA County

Posted by Trevor Jones in Market Update, Mortgages & Finance

In Ventura County the median price of a home sold last month was $517k – Up nearly 1% from the prior month and Up 77% from a year ago.

In LA county, the median price of a sold home was $525k last month, up nearly 3% from February and up 8% from a year ago.

In both counties we have only about 2 months of inventory – thats down from 3 months of inventory the prior month. Low inventory tends to mean its a sellers market. There just aren’t a ton of homes out there. Homes that are priced right are getting multiple offers and selling fast. So it’s a good time to list yours!

Current 30 year fixed Mortgage rates are still ridiculously low. About 3.58% right now. We don’t know how much longer. Low rates are one reason that NOW may be a good time for you to buy.

Our lenders have plans that can get you into home for only 3.5% down. There is even a plan some of you qualify for in which you are GRANTED the 3.5% down payment, plus some of your closing costs! Call and see if you qualify!

But your situation is unique. Give us a call and we’ll help you decide what’s best for you.

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