If you have been thinking of buying or selling your home prior to COVID19 you have likely been closely watching the market. Good news is that Real Estate is still considered an essential business and in some regards the market is absolutely thriving! Our team has put every necessary precaution in place to help you both buy and sell successfully during this time of social distancing. Below is a brief recap of how the market is currently looking.
Homes under $700,000: If you are looking at selling your home in Ventura County and you plan to list under $700,000 you can expect your home to sell quickly. Homes in this price range are selling very quickly and most with multiple offers. If you plan to buy within this price range you can need to place aggressive offers and quickly as the inventory is still low.
Homes between $700,000 – $1,000,000: Homes within this price range have stabilized. While inventory is still low there are still many families buying and selling within this budget. However, unlike homes under $700,000 you are less likely to see bidding wars and can expect a slightly longer time on market.
Homes over $1 million: If you are planning on buying a Ventura County home in the price range of over $1 million you may have the upper hand. Conversely, if you are looking at selling your Ventura County home over $1 million you may not receive the value that you had been once hoping for. The high-end market seems to be taking the greatest hit during these uncertain times.
If you would like a more specific consultation regarding your home and your unique set of circumstances our team would be happy to schedule a time to chat. We realize that every home and every family is unique and we want to make sure we guide you in the proper direction based on your goals and circumstances. If we can help you buy or sell your Ventura County home please do not hesitate to reach out 805-990-7580.