Newest Home Price Reductions 2016 Week 32
August 13, 2016 | Iulia Zecheru
Week 32 | 2016 – Summary of Conejo Valley Area
Happy Saturday!
With the week behind us, many buyers are ready to start the weekend by looking up for their dream home. If you monitored the real estate market for a while, it is very likely that you ran into an overpriced property. You may have loved the property, but the price was simply too high for you to even consider putting an offer.
Did you know that overpricing a home is the main reason a seller will not receive any offers?
In a very competitive and fast moving market like the one we are currently in, the “Days on Market (DOM)” metric can help you identify those overpriced properties. When you are working with a Realtor, you can leverage his local expertise and access to technology to perform a “Comparative Market Analysis (CMA)” to determine a price to offer when buying a home.
If you wonder why the seller has mispriced his home value to start with, given many benefit from the expertise of a Realtor, then you have to remember that the final listing price is 100% seller’s decision regardless of the guidance their Realtor advised. In such cases, the sellers will eventually realize their home is overpriced, and the market conditions will ultimately drive them towards a price correction.
This article provides you access to a list of price reductions – made in the last seven days – to help you discover your dream home in the Conejo Valley area that had a price reduction in the last seven days.
My research organizes the listing by city and covers the comunities of Camarillo, Newbury Park, Thousand Oaks, Moorpark, Simi Valley, Westlake Village, Oak Park, Agoura Hills and Calabasas.
- Newest Price Reductions for Camarillo Homes (Week 32 | 2016)
- Newest Price Reductions for Newbury Park (Week 32 | 2016)
- Newest Price Reductions for Thousand Oaks (Week 32 | 2016)
- Newest Price Reductions for Moorpark (Week 32 | 2016)
- Newest Price Reductions for Simi Valley (Week 32 | 2016)
- Newest Price Reductions for Westlake Village (Week 32 | 2016)
- Newest Price Reductions for Oak Park (Week 32 | 2016)
- Newest Price Reductions for Agoura Hills (Week 32 | 2016)
- Newest Price Reductions for Calabasas (Week 32 | 2016)
Have you seen that home you love?
Would you like to schedule a tour and get a better feel for the property? Excellent! or Call Now: +1.805.298.0118