I found this charming, remodeled condo near the harbor for my clients who were looking for a second home in Ventura, CA. It features newer flooring through out, newer front door, newer double paned windows, newer kitchen including appliances. It also has newer recessed lights, and fans. The flooring in the attic has also been redone. This unit is the only unit that comes with washer, dryer hookups and it also has a one car garage. The location is perfect with walking distance to the beach. It is also so close to the freeway and shopping centers. So many other great features. My clients are enjoying being here so much that they may be moving to Ventura permanently from Las Vegas!
I found this beautiful Skyline Estates view home for my clients who were moving to Ventura from Los Angeles. Located on a quiet cul-de-sac with ocean, mountain and city views, amenities include remodeled bathrooms with quality Kraftmaid cabinetry; well equipped eat-in kitchen with newer appliances; living room with ocean views; large family room/dining room with fireplace and sliders to yard; dual pane windows and newer Andersen sliding doors; newer roof; oversized garage with extra storage space; engineered hardwood stairs; large primary suite including sitting area with views; low maintenance yard, and so much more! This home is ideally located within close proximity to Arroyo Verde Park with scenic hiking trails, picnic areas and play facilities, and is also within 4 miles of our beautiful beaches! The home is also located in the coveted Poinsettia Elementary School territory, and near Foothill Technology High School and Ventura Community College. Great restaurants, shops, grocery stores and the 101/126 are nearby. My clients wasted no time in updating all interior doors as well as opening up the windows in the living room to show off more of the ocean view. A second story balcony may be in the cards once they are living in Ventura full time.
I sold this fabulous view home in northwest Santa Barbara, CA for a client who was moving to Ventura, CA. It featured beautiful canyon and ocean views with three bedrooms and two bathrooms. My client thought her house was worth just over one million dollars, but we ended up selling it for $1.9 million! Another happy customer now living in Ventura!
So you’re thinking about selling your home and you’re asking yourself if this a good time to sell.
Really?
I don’t think I can think of a better time to list a property. But don’t take my word for it. There are three things that I look at when I make this decision. Mortgage rates, price appreciation, and inventory.
Let’s look at each of these.
So mortgage rates, I know, they’re rising, but they’re rising from historic lows compared to the last 50 years. Plus, we still have access to amazing rates. So we are seeing that it is predicted that through 2022 rates will stay at or below 4%. So it would still seem it is a great time for our buyers to buy.
Let’s look at price appreciation. We ended 2021 in December, at 18.5% increases. January, 2022, brought us up to 19.1% increase. CoreLogic, Fannie Mae, and Freddie Mac have all predicted that we’re gonna be at between three and 9% increases, with an average of about 6.1. We are still seeing prices staying steady or increases. This is another great sign for listing your property.
Lastly, let’s look at inventory. The real estate community looks at inventory as a gauge for whether it’s a buyer’s market or a seller’s market. Since 2011, you can see we had a high of 9 1/2 months of inventory, with an average of about 4 1/2 months. As of December, 2020, we dropped to less than two months of inventory, and as of January, 2022, we recorded our lowest inventory ever, less than a month and a half.
So you can see mortgage rates are still great. Price appreciation is high and inventory is at its lowest ever. It truly is a seller’s market.
So, you’re interested in buying a home but you’re asking yourself, “Is it a good time to buy?” It’s a fair question because home ownership is the single most important purchase we make in our lifetime. I have been watching three things to answer this question: mortgage rates, equity, and rental rates. First let’s talk about mortgage rates. Mortgage rates are on the rise, I understand that, but they’re on the rise from historic lows compared to the mortgage rates over the past 50 years. We still have access to some of the lowest rates available. In the 70s, rates were at 8.86. In the 80s, rates were at 12.7. The 90s we were at 8.12, and it wasn’t until 2010 that we were at four percent. In addition to that, we are predicting that the rates will stay at or around four percent through 2022, so it would seem it’s still a good time to buy according to mortgage rates.
Next, let’s look at equity. In 2021, we ended the year at 18 and a half percent increases, for 2022, Fannie Mae, Freddie Mac, and Corelogic are all predicting between three percent and nine percent increases for the year for an average at six point one two percent. We are seeing home prices stay steady and still increasing which means that equity is still growing and that is another indicator that it is still a good time to get into the market and to buy.
Lastly let’s look at rental rates. If you have been in the rental market anytime in the last four years, you know there’s some scarcity and rental rates are increasing. They’re going up up up! So if you’re renting, it is a great idea that you look at your rental expense and see what you possibly could buy as you have seen equity is on the rise and you might as well get that equity for yourself and not pay for it for someone else, So if you take mortgage rates, if you take equity, and you take rental rates, it really does seem like it’s a great time to buy!
I found this beautiful, turnkey condominium for my clients looking to purchase a second home in Ventura, CA. Spacious 2 bedroom and 2 bath well maintained unit with a spacious living room, fireplace and patio with privacy. Walking distance to shopping, school, park and a bike ride to the beach or Main Street. Two car garage attached and washer/dryer in the unit. Single story unit located on the first floor. This complex is well maintained with a spectacular community pool. This property is ideally situated with easy access to HWY 33 and HWY 101. The nearby bike path goes all the way up the river to Ojai, CA. My clients like it so much they may end up moving to Ventura!
I found this incredible 3BR 2.5 BA Mid-Century Modern for my clients moving to Ventura from Los Angeles. It’s centrally located near the hospitals and the Mall, close to downtown. It’s just 2 miles from Ventura beaches. Beautifully landscaped, with private patio featuring high-quality artificial grass and pavers, as well as an outdoor concrete pad for table or other outdoor space. Open living space with living room featuring built-ins and a fireplace, a dining room, and dining area near kitchen. Primary suite features sliders to beautiful outdoor patio, and has an updated primary bathroom with dual vanities. All bedrooms feature original built-ins in the closets.
Beautifully updated, 3 bedroom, 2 bathroom single-story home. Move-in ready! Located on a low traffic, tree-lined street in the desirable Holiday East 2 area, southeast of Ventura College, and close to shopping and schools. Tile flooring and new recessed lighting throughout, new paint inside, as well as new fencing on both sides. Kitchen and bathrooms recently updated. A gem in Ventura real estate!
I found this this stunning single story home on the sunny side of Ventura for my clients who were moving to Ventura from Los Angeles! It features high ceilings and engineered wood flooring. This home was nicely upgraded. Enter the home into the spacious living and dining area, then pass through to the family room, which is open to the beautiful kitchen that has been updated in a contemporary style. The main bedroom suite features a huge walk-in closet and a large bathroom with dual vanities, shower, and tub. Additionally, there are two more bedrooms and another full bath. The three-car garage provides plenty of space for cars, tools, and exercise equipment. The furnace and air conditioning unit were recently replaced. They are now enjoying Ventura’s amazing weather in their new home!
My partner, Lee Manning, found this quadruplex apartment in popular mid-town Ventura for our investor client. All one story ground floor units, Two 2+1 and two 1+1 units. A rare 4-plex investment property offering affordable living in Ventura, CA.
