Newbury Park California Home Prices made a good comeback in 2013. Home Owners enjoyed the lift in estimated Median Home Valuations over the year and Sellers took the opportunity to sell properties that have recovered from earlier declines. The low interest rate environment has piqued Buyer enthusiasm and Sellers are enjoying the revived Home Sales Market. The Median Listing and Sale Prices trended upward boosted by the lack of inventory and a significant all cash, Investor population in the Buyer Market. Fortunately for Home Buyers, this Investor pool has dissipated as Newbury Park Foreclosure rates have decreased this year. The low volume of Listings continues to plague Buyers as they compete for Homes.
Home Values in Newbury Park make it a desirable location for Buyers and as the recovery continues, Buyer demand should continue at a steady pace. The Buying and Selling of Real Estate in Newbury Park last year added significantly to the picture of the overall Market in Ventura County. Homes for Sale in Ventura County did very well in 2013. The National Association of Realtors estimates the Median Home Value rose 17.5% to $457,500. Brokers reported multiple offers on properties and Median Days on Market went to 118 days, a 67% decrease from 12 months prior. For a Comparison of Sales Prices and Home Valuations of Newbury Park, click on our Realtors Property Report. And for a free Property Report and Brokers Opinion of your home, email Presidio at firstname.lastname@example.org or call (805)499-7300.