May 16, 2022
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Quote of the Day
We choose those we like; with those we love, we have no say in the matter.
– Mignon McLaughlin
This Day in History
May 16, 1717: Satirical writer, Voltaire, is imprisoned in the Bastille. Writer Francois-Marie Arouet, better known as Voltaire, is imprisoned in the Bastille on May 16, 1717.
The outspoken writer was born to middle-class parents, attended college in Paris, and began to study law. However, he quit law to become a playwright and made a name for himself with classical tragedies. Critics embraced his epic poem, La Henriade, but its satirical attack on politics and religion infuriated the government, and Voltaire was arrested in 1717. He spent nearly a year in the Bastille.
Voltaire’s time in prison failed to dry up his satirical pen. In 1726, he was forced to flee to England. He returned several years later and continued to write plays. In 1734, his Lettres Philosophiques criticized established religions and political institutions, and he was forced to flee again. He retreated to the region of Champagne, where he lived with his mistress and patroness, Madame du Chatelet. In 1750, he moved to Berlin on the invitation of Frederick II of Prussia and later settled in Switzerland, where he wrote his best-known work, Candide. He died in Paris in 1778, having returned to supervise the production of one of his plays.
Ojai Weather
Sunny – High 84 / Low 50
Total rainfall for the season – 17.27 inches
Lake Casitas water capacity – 33.8%
Monday, May 16, 2022
11:50 a.m.
There are three new listings on (or coming to) the market:
1073 Shippee Lane – $1,995,000
410 W. Ojai Avenue – $2,300,000
545 Del Oro Drive – $2,750,000 (coming soon, 5/19)
Pic of the Day
Friday, May 13, 2022
8:20 a.m.
There are four new listings on the market:
884 S. La Luna Avenue – $1,639,000
1464 Foothill Road – $2,750,000
2585 Valley Meadow Court – $1,875,000
Two of the above listings – 884 S. La Luna Ave. and 201 Shady Lane – might be available for you to take a sneak peek at today during the broker caravan between 9:30 a.m. and 12:00 p.m., but call the listing agent (or your own agent) first to make sure it’s open to the public. Here are a few prior “coming soon” listings that are now on the market:
Have yourselves a great weekend!
Pic of the Day
Wednesday, May 11, 2022
10:50 a.m.
There are no new listings as of yet today.
During times when new listings are merely trickling in, I sometimes struggle to produce relevant content (without simply copying and pasting standard real estate articles). Thankfully, a family member recently gift a book to me titled “Hair of the Dog -to- Paint the Town Red.” It’s a book that explains the origins of everyday sayings and other phrases.
You may question the relevance to real estate in this regard, nevertheless, for your entertainment I present you with:
More Bang For Your Buck
Meaning: Better value for your money
In Context: This cheaper car is just as fast as the large model and give you more bank for your buck.
More Bank For Your Buck originated with the .U.S national security policy in the 1950s under the administration of President Dwight D. Eisenhower. Known as the “New Look,” the policy increased the military’s stocks of comparatively inexpensive nuclear weapons in order to reduce the number of army personnel and the associated costs. In 1954, the U.S. Secretary of Defense, Charles Erwin Wilson, coined the phrase “more bang for your buck” when he used it to refer to the policy of using nuclear weapons, instead of a large army, to suppress the threat the Soviet Union posed to democracy. It is thought that the expression was an adaption of Pepsi’s advertising slogan, “more bounce to the ounce,” which was introduced in 1950.
Pic of the Day
Tuesday, May 10, 2022
9:05 a.m.
There is a new “coming soon” listing on the market:
908 Serenidad Place – $2,250,000 (coming soon, 5/12)
Pic of the Day
Monday, May 9, 2022
12:55 p.m.
There are two new “coming soon” listings:
10 Rio Via Street – $799,000 (coming soon, 5/13)
99 Don Carlos Way – $290,000 (coming soon, 5/26)
Prior “coming soon” listings now on the market:
Pic of the Day
When the new home you’re renovating contains a disturbing surprise.
(Either that, or “Go Cowboys!”)
Friday, May 6, 2022
10:35 a.m.
There are five new listings on (or coming to) the market:
12688 Ojai Santa Paula Road – $1,200,000
10525 Ojai Santa Paula Road – $3,825,000 (coming soon, 5/8)
185 Barbara Street – $715,000 (coming soon, 5/12)
Here’s the list of things to do this weekend…
Pic of the Day
Realtors in 2022:
“Would you like to sell your home for top dollar?”
“There’s never been a better time to sell!”
“I guarantee multiple-offers!”
“I’ll lower my commission – I have no skin!”
Wednesday, May 4, 2022
10:10 a.m.
There are no new listings as of yet today.
Pic of the Day
Tuesday, May 3, 2022
11:55 a.m.
There are no new listings as of yet today.
Here’s the market update for April, 2022:
- 40 new residential listings came to the market in April, compared to 43 in March.
- 29 residential properties sold in April, compared to 31 in March (does not include land parcels, commercial properties, or mobile homes).
- Of the 29 properties that sold in April, 13 were sold over full price, 3 sold at list price, and the rest sold below list price. (March saw 24 listings sell over full price, none at list price, and the remaining below list price.) Note: For purposes of these statistics, “list price” is the original list price of the home and does not take into account any subsequent price reductions (or increases) after the home was initially listed on the market.
- As of today (May 3rd), there are currently 35 single-family residential homes available on the market (does not include land, commercial property or mobile homes). For comparison, there were 27 active listings on the market on April 4th. Of the 35 current active listings, 13 of them are listed under $1,000,000 (there were eight such listings on April 4th). If I remove the outlier listing that is listed at $100,000,000 in upper Ojai, the average listing price for homes on the market today is $2,019,265 ($2,546,457 on April 4th) while the median home price is $1,450,000 ($1,650,000 on April 4th).
Pic of the Day
Monday, May 2, 2022
11:30 a.m.
There is a new listing on the market:
1202 Loma Drive #97 – $214,500
Prior “coming soon” listings now on the market:
Here’s an updated on interest rates; I’ll have the Ojai market update for you tomorrow.
30-year fixed: 5.250%
30-year high balance: 5.875%
FHA: 4.875%
VA: 4.990%
Jumbo: 5.250%
Pic of the Day
