Thousand Oaks is as beautiful as its name, say local Realtors, driving strong interest from homebuyers.
"Thousand Oaks has a beautiful landscape, a clear view and is only 12 miles from the Pacific Ocean," says Realtor Dave Walter. "An ideal location, inviting climate, country setting and attractive living conditions combine to make this area one of the most desirable places in Southern California. Thousand Oaks is home to more than 14,825 acres of public open space with 75 miles of hiking, biking and equestrian trails, and is next door to the Santa Monica Mountains National Recreation area which gives those with a love of the outdoors a wonderful place to enjoy the environment. The cultural arts are alive and flourishing in this city with the world-class Thousand Oaks Civic Arts Plaza. This theatre offers a wide range of entertainment including popular entertainers, Broadway musicals, ballet, symphony, award-winning children's shows, and much more. This family-friendly community, often named one of the safest cities for its size in the nation, prides itself on volunteerism, its members coming together to impact society in a positive manner to create a better world for future generations."
About the market he says, "The news continues to be good! We are seeing ongoing appreciation at a moderate pace as we progress into the middle of 2005. This word 'moderate' is very misleading as we will probably see 10-15 percent appreciation this year which is way down from the 25-35 percent increases that we just had. Talk about being spoiled! After the downturn in values for the last half of 2004, I am thrilled to see the market heading in a positive direction! Values at all price levels in every community continue to go up with the noticeable positive response in the high-end homes of over $1 million. Prices are not soaring as they were for years, but they are definitely not going down, and there is no 'bubble burst' in sight. And, that is very good news!"
Says Realtor Gary Ericson, "Thousand Oaks is an ideal area to raise a family with excellent local school districts, lowest crime rates on a national survey, and clean air."
He says, "Sales for the first seven months of '05 have been very strong with prices increasing about 12 percent with a more balanced inventory than '04. Some of the factors influencing market demand in the Conejo Valley are good schools, clean air and planned development. These factors, along with Thousand Oaks named one of the safest cities in the country, mean this is a great community to live and raise your family."
"We should not see a crash, but just a slowing in the rate of home price appreciation," says Realtor Shirley Spangler. "Price increases are predicted to return to a more comfortable level of 6 percent to 8 percent this year, while total home sales are expected to rise by 1.6 percent. Thousand Oaks has a population of 33,000 with a median age of 36 and median household income of $84,000. Families (households with children) account for 76 percent of occupancy. Winters in Thousand Oaks are mild with temperatures hovering between mid 40's and mid 50's. Summers are wonderful with daytime highs averaging in the upper 80's and nights in averaging in the upper 50's. Thousand Oaks gets about 17 inches of rain a year."
Click here to view current Market Conditions in your location.
Published: August 5, 2005
Use of this article without permission is a violation of federal copyright laws.
