Tuesday, March 2, 2010

Short Sale & Foreclosure for Ventura County - February 2010

Here are the sales for Ventura County for Febuary 2010. Sales are still very low, with late reporters I expect the official Dataquick numbers will be up a bit YoY at around 580-600 sales (still very low historically). This continued stagnation in the market is the same boring story, less supply due to government intervention trying to keep prices high at all costs. I don't see any signs of the ice melting yet just more of the same with a bit of seasonal inventory coming on market. The stuff in the affordable ranges gets gobbled up quickly, the overpriced stuff just sits. Short sales and foreclosures are around half the market but the shift has been ongoing for some time from predominately foreclosures to an even split of short sales and REO.

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