2018 Real Estate Market Update

It’s a new year, we’ve got tax reform, we’ve had devastating fires and the economy is actually pretty great right now. So what does that me for you if you’re thinking of buying or selling a home? First of all, it means it’s time for the 2018 Real Estate Market Update!

The video version is better.  Watch that here:  https://youtu.be/ey-ZS_-l4L0

The stock market is breaking records, unemployment is low and inflation is near its target. Mortgage rates are just over 4%. Housing prices in most markets are back to where they were pre-crash. All these factors together mean housing is 30-40% more affordable than it was 10 years ago!

Tax reform will have a minimal impact on most of us buying or selling houses – but we all have unique situations, so ask your CPA how it will affect you.

The biggest issue we have now is a lack of houses! Why? 10 years ago people stayed in their homes an average of 5-6 years, now it’s closer to 11-12 years. Here in our market – the Conejo Valley, Simi, and Moorpark – there’s almost nowhere to build, so there are very few new builds. The fires wiped out a bunch of homes, adding to the shortage. In our market, there are only 469 houses on the market and there’s only a 1.6 month supply of inventory that’s 11% less than a year ago. We have lots of clients looking for houses, but it’s taking time to find what they want.

What happens when there’s a lack of inventory? Prices will keep going up.

The median price of a home sold in our market a year ago was $609k last month it was $647k, that’s up 6.2 %. The fed raised rates 3x last year and rates have slowly ticked upward. They intend to raise rates this year – so rates will likely continue to slowly climb.

As prices and rates go up, affordability goes down. And no, we’re not expecting a crash because the economic indicators are too good. Will there ever be a correction? Of course, there always is, but the next correction – whenever that is – won’t resemble the crash 10 years ago unless there’s some major US or world disaster.

If you’re thinking of buying – when is the time? NOW! It’s not gonna be easier a year from now! Rents are also going up – so stop paying your landlord’s mortgage and pay your own!

For sellers – there are no homes on the market! They are selling like hotcakes. The 3 homes we’ve sold in the last month all sold in about a week with multiple offers. If you wait till spring  – like everyone thinks is the best time to sell – there are more homes on the market, so you have more competition and rates will likely be higher, so there’s less affordability. NOW is the time to sell!

Bottom line – if you’re thinking of buying or selling – stop waiting! Get on it! Call us! Cause if there’s one thing we know, it’s how to market a home.

 

What do ghosts and housewarmings have to do with each other? Find out in this months Real Estate Market Update for Ventura & LA Counties and Simi Valley For October 2017!

Housewarmings, Ghosts & The Real Estate Market Update For Simi Valley, LA & Ventura Counties

Have you ever thought about this? Someone buys a home and we throw a housewarming party. Where did that tradition come from? Find out, after this!

It’s October and here’s our market update for the month. In LA county last month the median price for a home was about $565,000. That’s up 8.2% from a year ago.

What’s the median price of a home in Ventura County? Last month it was $592,000 that’s up 9.2% from a year ago. That’s a lot of great growth.

In Simi last month the median price for a home sold was $530,000. That’s up 6.4% from a year ago so that’s pretty good.

Next is inventory. Why do we talk about inventory? Because that’s what drives housing prices.

Right now in Ventura and LA Counties there’s only about 2 months of inventory. In Simi there’s only 1.4 months of inventory. That’s about 12% less than last month.

A lot of people think that because we have an office in Simi Valley that we’re restricted to selling homes in Simi Valley. Is that true? No, that’s not true. We’re actually licensed for the entire state of California. Plus we actually help people buy homes across the United States. We work with referring partners across the country. And we do have international referral partners.

And lastly the feds have raised rates twice this year yet mortgage rates are still at like 3.75% so it’s still a killer time to buy a house.

The original housewarming party was literally a house warming party. Guests brought firewood as gifts and built fires in the fireplaces throughout the home. Obviously it warmed the home up for the family but it was also believed to ward off evil spirits. A new house would have to be rid of those evil spirits to become a happy home. And that’s where the tradition of housewarmings began.

That was fair. Fair??!! Mission accomplished! That’s it. We’re out.

[email protected] • [email protected] – www.joneshomecollective.com – 805-285-2813

 

Summer is drawing to a close.  And guess what?  The real estate market is seasonal!  What does this mean for the local real estate market?

In this Real Estate Market Update,  Simi Valley’s Top Realtor will fill you in on home values and inventory here in Simi Valley, Ventura County and Los Angeles County – from the Wings Over Camarillo Air Show!

Also, this may have been the push to get Leila back to flying!  Did you know she almost got her pilot’s license some 30 years ago?!

Hit us up!

Jones Home Collective

2655 First St Suite 150 Simi Valley CA 93065

Trevor

Leila

Facebook:  https://www.facebook.com/joneshomecollective/

Twitter:  https://twitter.com/JHomeCollective

Linkedin: https://www.linkedin.com/in/brokerninja

Instagram – Leila: https://www.instagram.com/leilajonesrealtor/

Instagram – Trevor:  https://www.instagram.com/brokerninja/

Snapchat Trevor: brokerninja

Snapchat Leila: leilajrealtor

Pinterest:  https://www.pinterest.com/jhomecollective/realtor-life/

Google+:  https://plus.google.com/+Joneshomecollective/posts

YouTube:  //www.youtube.com/c/Joneshomecollective

Music:

Song: Bastion

Artist: rogyr  https://soundcloud.com/rogiermuller

Check out the July 2017 Real Estate Market Update for Simi Valley, Los Angeles and Ventura Counties

Homes are flying of the shelves! It’s summer time! Everyone is freaking out. Homes in Simi are off the market in 51 days on average.

We just listed one last Saturday, had our first offer 8 hours later, and 5 offers by Wednesday.  It sold for $11k over asking in just a few days.  If you’re thinking of selling jump in!

 

 

Median Price

The Median price for a home sold last month in:

Ventura County: $580k,  up 2.7% from a year ago.

LA County: $590k, up 7.3% from a year ago.

Simi Valley: $546k, up 3% from a year ago.

 

Months of Inventory

Ventura County

1.7 months

Down 5.5% from prior month

LA County

1.7  months

Same as prior month.

Simi

Still only 1.4 months.

Right now there are 252 active homes on market.

 

 

 

 

Mortgage Rates

30 year fixed: still below 4% at 3.86%.

Connect with the Top Simi Realtor and let her sell your house for top dollar on the MLS in record time!

Hit us up!

Jones Home Collective

2655 First St Suite 150 Simi Valley CA 93065

805-285-2813

Trevor

Leila

Facebook:  https://www.facebook.com/joneshomecollective/

Twitter:  https://twitter.com/JHomeCollective

Linkedin: https://www.linkedin.com/in/brokerninja

Instagram – Leila: https://www.instagram.com/leilajonesrealtor/

Instagram – Trevor:  https://www.instagram.com/brokerninja/

Snapchat Trevor: brokerninja

Snapchat Leila: leilajrealtor

Pinterest:  https://www.pinterest.com/jhomecollective/realtor-life/

Google+:  https://plus.google.com/+Joneshomecollective/posts

YouTube:  //www.youtube.com/c/Joneshomecollective

My dog Jonesie bit me.

Find out why. Watch my talented daughter Ashy give the real estate market update for June 2017.

Contact Us!

Jones Home Collective

2655 First St Suite 150 Simi Valley CA 93065

Trevor

Leila

Add Us On Social Media.  We’re Omnipresent.

Facebook: https://www.facebook.com/joneshomecol…

Twitter: https://twitter.com/JHomeCollective

Linkedin: https://www.linkedin.com/in/brokerninja

Instagram – Leila: https://www.instagram.com/leilajonesr…

Instagram – Trevor: https://www.instagram.com/brokerninja/

Snapchat Trevor: brokerninja

Snapchat Leila: leilajrealtor

Pinterest: https://www.pinterest.com/jhomecollec…

Google+: https://plus.google.com/+Joneshomecol…

YouTube: //www.youtube.com/c/Joneshomecol…

Connect with the Top Simi Realtor and let her sell your house for top dollar on the MLS in record time!

Real Estate Market Update Simi Valley Los Angeles Ventura Counties

[email protected] – www.joneshomecollective.com – 805-285-2813

Sure, we update you on the local real estate market, but more importantly get a before and after of Trevor’s hair, see neon toilet paper dodge ball, and learn more about Trevor’s body dysmorphia. What could be better? : )

Contact us!

Jones Home Collective

2655 First St Suite 150 Simi Valley CA 93065

Trevor

Leila

Facebook: https://www.facebook.com/joneshomecollective/

Twitter: https://twitter.com/JHomeCollective

Linkedin: https://www.linkedin.com/in/brokerninja

Instagram – Leila: https://www.instagram.com/leilajonesrealtor/

Instagram – Trevor: https://www.instagram.com/brokerninja/

Snapchat Trevor: brokerninja

Snapchat Leila: leilajrealtor

Pinterest: https://www.pinterest.com/jhomecollective/realtor-life/

Google+: https://plus.google.com/+Joneshomecollective/posts

YouTube: //www.youtube.com/c/Joneshomecollective

Connect with the Top Simi Realtor and let her sell your house for top dollar on the MLS in record time!

Simi Valley, Moorpark, Thousand Oaks, Westlake Village

keller williams, jones home collective, ventura county, los angles county, top simi real estate agent, top simi agent, brokerninja, leila jones, trevor jones, market update, real estate market update, open house, creative marketing

Real Estate Market Update Simi Valley Los Angeles Ventura Counties

[email protected] – www.joneshomecollective.com – 805-285-2813

How many homes sold in the United States yesterday?

How many months of inventory do we have in Ventura County, Los Angeles County and Simi?

Why do we care?

What’s the current 30 year fixed interest rate?

When should you sell YOUR house?

Contact us!

Jones Home Collective

2655 First St Suite 150 Simi Valley CA 93065

Trevor

Leila

Facebook: https://www.facebook.com/joneshomecol…

Twitter: https://twitter.com/JHomeCollective

Linkedin: https://www.linkedin.com/in/brokerninja

Instagram – Leila: https://www.instagram.com/leilajonesr…

Instagram – Trevor: https://www.instagram.com/brokerninja/

Snapchat Trevor: brokerninja

Snapchat Leila: leilajrealtor

Pinterest: https://www.pinterest.com/jhomecollec…

Google+: https://plus.google.com/+Joneshomecol…

YouTube: //www.youtube.com/c/Joneshomecol…

Connect with the Top Simi Realtor and let her sell your house for top dollar on the MLS in record time!

Simi Valley, Moorpark, Thousand Oaks, Westlake Village

keller williams, jones home collective, ventura county, los angles county, top simi real estate agent, top simi agent, brokerninja, leila jones, trevor jones, market update, real estate market update, open house, creative marketing

 

Real Estate Market Update Simi Valley Los Angeles Ventura Counties

[email protected] – www.joneshomecollective.com – 805-285-2813

The Fed raised rates! What does that mean?

 

 

 

What’s the craziest thing you’ve ever seen an agent do to market a house? We may have found it! Here’s the full video:

Contact us!

Jones Home Collective

2655 First St Suite 150 Simi Valley CA 93065

Trevor

Leila

Facebook: https://www.facebook.com/joneshomecollective/

Twitter: https://twitter.com/JHomeCollective

Linkedin: https://www.linkedin.com/in/brokerninja

Instagram – Leila: https://www.instagram.com/leilajonesrealtor/

Instagram – Trevor: https://www.instagram.com/brokerninja/

Snapchat Trevor: brokerninja

Snapchat Leila: leilajrealtor

Pinterest: https://www.pinterest.com/jhomecollective/realtor-life/

Google+: https://plus.google.com/+Joneshomecollective/posts

YouTube: //www.youtube.com/c/Joneshomecollective

Connect with the Top Simi Realtor and let her sell your house for top dollar on the MLS in record time!

Simi Valley, Moorpark, Thousand Oaks, Westlake Village

keller williams, jones home collective, ventura county, los angles county, top simi real estate agent, top simi agent, brokerninja, leila jones, trevor jones, market update, real estate market update, open house, creative marketing

[email protected] – www.joneshomecollective.com – 805-285-2813

Wanna REALLY make some progress in your life? Crush your goals? It’s not that hard! We’ll show you how to Fish With Dynamite.

Contact us!

Jones Home Collective

2655 First St Suite 150 Simi Valley CA 93065

Trevor

Leila

Facebook: https://www.facebook.com/joneshomecollective/

Twitter: https://twitter.com/JHomeCollective

Linkedin: https://www.linkedin.com/in/brokerninja

Instagram – Leila: https://www.instagram.com/leilajonesrealtor/

Instagram – Trevor: https://www.instagram.com/brokerninja/

Snapchat Trevor: brokerninja

Snapchat Leila: leilajrealtor

Pinterest: https://www.pinterest.com/jhomecollective/realtor-life/

Google+: https://plus.google.com/+Joneshomecollective/posts

YouTube: //www.youtube.com/c/Joneshomecollective

Connect with the Top Simi Realtor and let her sell your house for top dollar on the MLS in record time!

Simi Valley, Moorpark, Thousand Oaks, Westlake Village

keller williams, jones home collective, ventura county, los angles county, top simi real estate agent, top simi agent, brokerninja, leila jones, trevor jones, fishing with dynamite – 60 sec tip to crush your goals

How Fast Are Homes Selling?

How long are homes sitting on the market?

Should you care?

How long will it take to sell YOUR home?

Watch or listen!

Contact us!

Jones Home Collective

2655 First St Suite 150 Simi Valley CA 93065

Trevor

Leila

 

 

 

Facebook: https://www.facebook.com/joneshomecollective/

Twitter: https://twitter.com/JHomeCollective

Linkedin: https://www.linkedin.com/in/brokerninja

Instagram – Leila: https://www.instagram.com/leilajonesrealtor/

Instagram – Trevor: https://www.instagram.com/brokerninja/

Snapchat Trevor: brokerninja

Snapchat Leila: leilajrealtor

Pinterest: https://www.pinterest.com/jhomecollective/realtor-life/

Google+: https://plus.google.com/+Joneshomecollective/posts

YouTube: //www.youtube.com/c/Joneshomecollective

Connect with the Top Simi Realtor and let her sell your house for top dollar on the MLS in record time! Looking to buy a home in Simi Valley, Moorpark, Thousand Oaks or the surrounding area?  We can help you with that too!