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Presidio Real Estate Services Bi-Annual Housing Market Report Source Ventura County Regional Datashare –Foreclosure Radar and Presidio Independent Research.

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Presentation on theme: "Presidio Real Estate Services Bi-Annual Housing Market Report Source Ventura County Regional Datashare –Foreclosure Radar and Presidio Independent Research."— Presentation transcript:

1 Presidio Real Estate Services Bi-Annual Housing Market Report Source Ventura County Regional Datashare –Foreclosure Radar and Presidio Independent Research Associates Rental Market Summary  Select Cities  Active Rental Listings  Leased Properties Sales Market Summary  Select Cities  Bank Owned Properties  Normal Market Summary Foreclosure Market Summary  New Filings  Filings by Market Value  Misc. Data Rental Market Summary  Select Cities  Active Rental Listings  Leased Properties Sales Market Summary  Select Cities  Bank Owned Properties  Normal Market Summary Foreclosure Market Summary  New Filings  Filings by Market Value  Misc. Data Report Highlights

2 Total Homes Leased & Avg. Price Thru July 2010 Source Ventura County Regional Datashare and Other Data Providers Single Family, Condo, Townhomes- Priced Between $1,000-$6000

3 Source Ventura County Regional Datashare and Other Data Providers Total Leased and Avg. Prices by Month

4 Ventura County Leased Properties Jan-July 2010 Source Ventura County Regional Datashare and Other Data Providers Total LeasedPriceDays on MarketAvg. SizeAvg. PSQFTAvg. Deposit Agoura Hills53$2,671391,855$1.50$4,320 Camarillo180$2,091411,655$1.33$2,549 Moorpark52$2,517402,086$1.27$3,606 Newbury Park120$2,532391,867$1.40$3,762 Oak Park58$2,423561,619$1.53$3,825 Oxnard305$1,791491,661$5.06$1,949 Port Hueneme100$1,384601,132$1.27$1,457 Santa Paula13$1,431471,302$1.14$1,587 Simi Valley124$2,251411,763$1.37$3,244 Thousand Oaks218$2,394451,784$1.39$3,751 Ventura239$1,860461,424$1.40$2,161 Westlake Village168$3,003482,023$1.54$5,174 Grand Total & Avgs.1630$2,176461,685$2.08$3,015 Single Family -Condos, Townhomes, Priced Between $1,000-$6000

5 4 Bedroom Properties Source Ventura County Regional Datashare and Other Data Providers Total LeasedAvg. priceDays on MarketAvg SizeAvg. PSQFTAvg Deposit 2 Bedroom Camarillo50$1,551511,175$1.35$1,871 Moorpark4$1,675811,214$1.40$2,650 Newbury Park13$1, $1.53$1,798 Oxnard112$1,451551,536$1.39$1,626 Simi Valley25$1,498501,020$1.49$1,843 Thousand Oaks30$1,629501,116$1.49$2,412 Ventura84$1,519611,049$1.49$1,706 Westlake Village52$2,232451,433$1.60$3,739 2 Bedroom Total370$1,611541,270$1.45$2,070 3 Bedroom Camarillo74$2,163371,650$1.33$2,695 Moorpark21$1,971341,439$1.39$2,421 Newbury Park53$2,312381,642$1.43$3,251 Oxnard115$1,942411,647$1.25$2,162 Simi Valley46$2,237491,670$1.37$3,340 Thousand Oaks88$2,261451,610$1.42$3,578 Ventura98$2,010341,541$1.36$2,385 Westlake Village57$2,928441,875$1.59$4,996 3 Bedroom Total552$2,197401,640$1.38$3,004 4 Bedroom Camarillo35$2,585382,240$1.18$2,904 Moorpark20$2,917342,517$1.19$4,348 Newbury Park45$2,923382,231$1.34$4,463 Oxnard56$2,217412,088$1.10$2,234 Simi Valley35$2,530282,061$1.28$3,122 Thousand Oaks77$2,916432,286$1.30$4,570 Ventura32$2,271391,959$1.21$2,580 Westlake Village45$3,682572,595$1.43$6,401 4 Bedroom Total345$2,771412,243$1.26$3,902 5 Bedroom Camarillo9$3,642503,307$1.12$4,972 Moorpark7$3,492513,297$1.07$5,586 Newbury Park7$3,950273,210$1.24$7,246 Oxnard7$2,421712,575$0.94$2,650 Simi Valley10$3,930283,656$1.08$7,928 Thousand Oaks11$3,016372,467$1.23$5,101 Ventura9$2,655262,468$1.10$3,055 Westlake Village11$4,767343,584$1.36$8,807 5 Bedroom Total71$3,530393,080$1.15$5,815 Grand Total1338$2,254441,769$1.36$3,126

6 Sales Comparison 3 & 4 Bedroom Homes 3 Bedroom Single Family Homes Time PeriodMedian Price# Units Jul-10380, Jun-10392, May-10391, April-10370, Mar-10374, Feb-10365, Jan-10365, Dec-09360, Bedroom Single Family Homes Time PeriodMedian Price# Units Jul-10490, Jun-10490, May-10465, April-10466, Mar-10485, Feb-10520, Jan-10445, Dec-09491, Source Ventura County Regional Datashare and Other Data Providers

7 Ventura County Leased Properties Bedroom Units Total LeasedPriceDays on MarketAvg SizeAvg. PSQFTAvg Deposit 2 Bedroom Agoura Hills 8$1, $1.60$1,959 Camarillo 50$1,551511,175$1.35$1,871 Moorpark 4$1,675811,214$1.40$2,650 Newbury Park 13$1, $1.53$1,798 Oak Park 19$1,830711,190$1.54$2,833 Oxnard 112$1,451551,536$1.39$1,626 Simi Valley 25$1,498501,020$1.49$1,843 Thousand Oaks 30$1,629501,116$1.49$2,412 Ventura 84$1,519611,049$1.49$1,706 Westlake Village 52$2,232451,433$1.60$3,739 2 Bedroom Total 397$1,619551,260$1.46$2,104 3 Bedroom Agoura Hills 17$2,573471,695$1.54$4,012 Camarillo 74$2,163371,650$1.33$2,695 Moorpark 21$1,971341,439$1.39$2,421 Newbury Park 53$2,312381,642$1.43$3,251 Oak Park 19$2,570381,641$1.58$3,733 Oxnard 115$1,942411,647$1.25$2,162 Simi Valley 46$2,237491,670$1.37$3,340 Thousand Oaks 88$2,261451,610$1.42$3,578 Ventura 98$2,010341,541$1.36$2,385 Westlake Village 57$2,928441,875$1.59$4,996 3 Bedroom Total 588$2,220411,641$1.39$3,057 4 Bedroom Agoura Hills 22$3,054282,249$1.38$5,204 Camarillo 35$2,585382,240$1.18$2,904 Moorpark 20$2,917342,517$1.19$4,348 Newbury Park 45$2,923382,231$1.34$4,463 Oak Park 10$3,305262,279$1.48$5,688 Oxnard 56$2,217412,088$1.10$2,234 Simi Valley 35$2,530282,061$1.28$3,122 Thousand Oaks 77$2,916432,286$1.30$4,570 Ventura 32$2,271391,959$1.21$2,580 Westlake Village 45$3,682572,595$1.43$6,401 4 Bedroom Total 377$2,801402,244$1.27$4,026 5 Bedroom Agoura Hills 3$3,383702,332$1.45$4,783 Camarillo 9$3,642503,307$1.12$4,972 Moorpark 7$3,492513,297$1.07$5,586 Newbury Park 7$3,950273,210$1.24$7,246 Oak Park 5$3,479572,689$1.33$5,916 Oxnard 7$2,421712,575$0.94$2,650 Simi Valley 10$3,930283,656$1.08$7,928 Thousand Oaks 11$3,016372,467$1.23$5,101 Ventura 9$2,655262,468$1.10$3,055 Westlake Village 11$4,767343,584$1.36$8,807 5 Bedroom Total 79$3,521423,027$1.18$5,782 Grand Total 1441$2,278441,770$1.37$3,197

8 Source Ventura County Regional Datashare and Other Data Providers

9 UnitsAvg. PriceAvg. SizeAvg. Days ListedAvg. PQSFT 3 Bedroom Agoura1$3, Camarillo12$2, Moorpark5$2, Newbury Park6$2, Oak Park4$2, Oxnard49$2, Port Hueneme11$1, Simi Valley16$2, Thousand Oaks18$2, Ventura25$2, Westlake Village18$3, Bedroom Total165$2, Bedroom Agoura1$4, Camarillo2$2, Moorpark3$3, Newbury Park9$3, Oxnard15$3, Port Hueneme1$2, Simi Valley5$2, Thousand Oaks15$2, Ventura8$2, Westlake Village10$4, Bedroom Total69$3, Bedroom Camarillo1$4, Moorpark2$3, Newbury Park1$4, Oak Park1$5, Oxnard3$2, Simi Valley2$4, Thousand Oaks2$5, Westlake Village2$4, Bedroom Total14$4,

10 Source Ventura County Regional Datashare and Other Data Providers Ventura County Active Rental Listings Jan-July 2010 Ventura County Active Rental Listings Jan-July 2010

11 Ventura County Active Rental Listings Source Ventura County Regional Datashare and Other Data Providers UnitsAvg. PriceAvg. SizeAvg. Days ListedAvg. PQSFT Agoura 3$3, Camarillo 20$2, Fillmore 1$3, Moorpark 13$2, Newbury Park 21$3, Oak Park 9$2, Ojai 3$2, Oxnard 123$2, Port Hueneme 45$1, Santa Paula 8$1, Simi Valley 37$2, Thousand Oaks 42$2, Ventura 67$2, Westlake Village 46$3, Grand Total438$2,

12 Ventura County Active Rental Listings July 2010 Source Ventura County Regional Datashare and Other Data Providers UnitsAvg. PriceAvg. SizeAvg. Days ListedAvg. PQSFT Agoura 3$3, Camarillo 20$2, Fillmore 1$3, Moorpark 13$2, Newbury Park 21$3, Oak Park 9$2, Ojai 3$2, Oxnard 123$2, Port Hueneme 45$1, Santa Paula 8$1, Simi Valley 37$2, Thousand Oaks 42$2, Ventura 67$2, Westlake Village 46$3, Grand Total438$2,

13 Sales Market Summary Source Ventura County Regional Datashare and Other Data Providers

14 Sold Properties By Month Full Market and Bank Properties Source Ventura County Regional Datashare and Other Data Providers Month# PropertiesMedian PriceAvg DOMBank # Properties% BankBank Median Price Jul , ,500 Jun , ,000 May , ,900 Apr , ,000 Mar , ,000 Feb , ,000 Jan , ,500 Dec , ,000 Nov , ,000 Oct , ,500 Sep , ,000 Aug , ,000 Jul , ,000

15 Source Ventura County Regional Datashare and Other Data Providers

16 Housing Supply and Demand Select Cities Source Ventura County Regional Datashare and Other Data Providers Month# Units For Sale For Sale Average Days Listed # Sold UnitsSold Average DOM Jul-10 1, Jun-10 1, May-10 1, Apr-10 1, Mar-10 1, Feb-10 1, Jan-10 1, Dec-09 1, Nov-09 1, Oct-09 1, Sep-09 1, Aug-09 1, Jul-09 1,

17 Source Ventura County Regional Datashare and Other Data Providers Month# PropertiesMedian PriceBank # Properties% BankBank Median Price Jul , ,500 Jun , ,000 May , ,000 Apr , ,000 Mar , ,500 Feb , ,500 Jan , ,950 Dec , ,975 Nov , ,900 Oct , ,000 Sep , ,500 Aug , ,000 Jul , ,000 Newly Listed Properties Jul-09 vs. Jul-10: The number of New bank properties is up 8% Jul-09 vs. Jul-10

18 Source Ventura County Regional Datashare and Other Data Providers Housing Supply Has Been Steadily Increasing Since Dec 2009

19 Source Ventura County Regional Datashare and Other Data Providers Expired Listings By Month The Bank Median Price is Significantly Lower Than Non Bank Owned Units

20 Source Ventura County Regional Datashare and Other Data Providers

21 New Properties by Month (Bank) Jul-09 vs. Jul-10: The number of new bank properties is up 8%

22 Source Ventura County Regional Datashare and Other Data Providers Month# PropertiesMedian PriceBank # Properties% BankBank Median Price Jul , ,500 Jun , ,000 May , ,000 Apr , ,000 Mar , ,500 Feb , ,500 Jan , ,950 Dec , ,975 Nov , ,900 Oct , ,000 Sep , ,500 Aug , ,000 Jul , ,000 New Properties Listed By Month Bank and Normal Market Source Ventura County Regional Datashare and Other Data Provider’s

23 The Housing Market is Still Soft Increasing supply may depress pricing further if demand does not pick up Homes Priced Above $600,000 can and will continue to drop in price Floor or Bottom Established in some areas and some price ranges ($300,000-$400,000) Investment Opportunities Abound Mortgage Rates are at No Points for a Purchase under $417,000 (08/05/2010) Source Ventura County Regional Datashare and Other Data Providers

24 Run a Detailed Analysis Understand Pros and Cons Where and How you will get a good deal Tax Implications and how it effects your returns Understand Financial Terms Network with Professionals Have a good team in place Good agents will help you—not hinder you Seek advice of your local real estate investment firm Run a Detailed Analysis Understand Pros and Cons Where and How you will get a good deal Tax Implications and how it effects your returns Understand Financial Terms Network with Professionals Have a good team in place Good agents will help you—not hinder you Seek advice of your local real estate investment firm Source Ventura County Regional Datashare and Other Data Providers Short Sales Foreclosures

25 FORECLOSURES Lenders are Discounting Properties Significantly from what is owed at Foreclosure Auction – Some are great deals – Beware of hidden items – Professional Investors Streaming In Short Sales – Great Opportunities – New Guidelines for Loan Servicers – Fannie Me and Freddie Mac establish set guidelines Source Ventura County Regional Datashare and Other Data Providers

26

27 New Notice of Trustee Sale Filings By Estimated Home Value July 2010 Foreclosure Radar Notice of Sale: there is less than 20 Business days until Foreclosure

28 Source Ventura Source: Foreclosure Radar

29 Foreclosure Radar 6/7/20106/14/20106/21/20106/28/20107/5/20107/12/20107/19/20107/26/2010 PublishedBid $ 485,937 $ 510,079 $ 485,580 $ 462,057 $ 384,616 $ 503,789 $ 501,849 $ 463,706 Opening Bid $ 359,335 $ 344,906 $ 345,380 $ 320,415 $ 293,279 $ 360,110 $ 386,663 $ 359,397 % Discounted 35%48%41%44%31%40%30%29% Diff $ 126,602 $ 165,173 $ 140,200 $ 141,642 $ 91,337 $ 143,679 $ 115,186 $ 104,309 WinningBid $ 368,857 $ 348,542 $ 354,114 $ 330,443 $ 302,310 $ 366,777 $ 391,163 $ 363,657 Foreclosure Auction Results June 7 th – July 19 th

30 Rental Market Holding Steady Tenants are More Selective Quality Properties Rent Fast Decent supply of well qualified tenants Increased supply of tenants with poor credit Quality Properties--- Get Quality Tenants Source Ventura County Regional Datashare and Other Data Providers

31 Property Management and Leasing Solutions For Owners and Investors Source Ventura County Regional Datashare and Other Data Providers Poor Tenant Relations Costs Owner’s Thousands Of Dollars Every Year Call To Get the Advice and Guidance You Need


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