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August 30, 2008
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  CONDITIONS™
By Local Real Estate Experts  


Market Conditions for Thousand Oaks, California

Reported by Gary Ericson, REALTOR, Owner Broker

Updated July 21, 2008.

Current Market Rating: 1



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Buyer's

Seller's

Current Price Trend: 2




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2
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Falling

Rising

The Real Estate Market in Eastern Ventura County
has slowed. Inventory is a little high with sales down about 44% from a year ago. Prices are down about 15% for the same time frame.This adjustment is coming off an almost 100% increase in values. Buyers have a large inventory of homes to select from, with sellers willing to negotiate. Foreclosures are again a part of the market and offer opportunity for some buyers. Lenders are requiring borrowers to qualify for the loan, again normal. Sellers are discounting their prices.Interest rates are historically low.



ZIP Code: 91360:91361:91362:91320

Approximate Location Boundaries: Ventura County

Location Characteristics: Thousand Oaks located within the ( Conejo Valley ) recieved the highest ranking because they have one of the nations lowest crime rates and are one of the top 10 communities for academic achievements. About 40% or 14,400 acres or more than 22 sq. miles with 75 miles of trails is public open space. A variety of housing exists within the Conejo Valley with over 150 well preserved, neighborhoods,including Horse Property, Water Front & View Homes


For More Information:

View Market Conditions of other areas served by Gary Ericson

Navigate: Top > California > Thousand Oaks

About Gary Ericson:
Having sold over 3900 homes in 42 years I 'am committed to full service from start to final close of escrow. You work with one of the most experienced agents in the country, a leader in real estate technology, dedicated to assisting our clients with their real estate requirements selling or buying.Experience makes the difference



These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.




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Mortgage Rates
30 Year Fixed: 6.47%
15 Year Fixed: 6.00%
1 Year Adj: 5.29%
(U.S. Weekly Averages)

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