June 30, 2022
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Quote of the Day
No one who achieves success does so without acknowledging the help of others. The wise and confident acknowledge this help with gratitude.
– Alfred North Whitehead
This Day in History
June 30, 1971: Soviet cosmonauts perish in re-entry disaster. The three Soviet cosmonauts who served as the first crew of the world’s first space station die when their spacecraft depressurizes during reentry.
On June 6, the cosmonauts Georgi Dobrovolsky, Vladislav Volkov and Viktor Patsayev were launched into space aboard Soyuz 11 on a mission to dock and enter Salyut 1, the Soviet space station that had been placed in orbit in April. The spacecraft successfully docked with the station, and the cosmonauts spent 23 days orbiting the earth. On June 30, they left Salyut 1 and began reentry procedures. When they fired the explosive bolts to separate the Soyuz 11 reentry capsule from another stage of the spacecraft, a critical valve was jerked open.
One hundred miles above the earth, the capsule was suddenly exposed to the nearly pressureless environment of space. As the capsule rapidly depressurized, Patsayev tried to close the valve by hand but failed. Minutes later, the cosmonauts were dead. As a result of the tragedy, the Soviet Union did not send any future crews to Salyut 1, and it was more than two years before they attempted another manned mission.
Ojai Weather
Sunny – High 87 / Low 58
Total rainfall for the season – 17.30 inches
Lake Casitas water capacity – 32.9%
Tuesday, June 30, 2022
11:10 a.m.
No new listings since Tuesday morning, but a prior “coming soon” listing is now officially on the market:
And since I would consider this a slow day, I harken back to my May 11th entry, wherein I explained the origin of an everyday saying. Our subject for today…
“White Elephant”
Meaning: An expensive, but unwanted possession or thing.
In Context: My uncle left me a boat in his will, but it turned out to be a white elephant, as the maintenance costs were huge.
The expression “white elephant” stems from Thailand in the 17th century, when it was known as Siam. Albino elephants were extremely rare and any born in Siam became the property of the King. The elephants were considered sacred and could not be ridden, killed, or put to work. They were also very expensive to feed and house. If the King was displeased with any nobleman, he would gift him a white elephant out of malice. Unable to refuse a royal gift, the nobleman would be forced to care for the useless animal for the rest of his life, which would often lead to financial ruin.
[I think this term’s meaning has changed somewhat, especially in real estate parlance. A “white elephant” – in real estate terminology – typically refers to a home that may be fancier, larger, or more expensive to build than other homes in the same neighborhood. As a result, the surrounding home values may not support a higher value or sales price for that particular home.]
Pic of the Day
June 28, 2022
11:55 a.m.
There are two new “coming soon” listings on the market:
701 Canada Street – $2,150,000 (coming soon, 6/30)
425 Cruzero Street – $1,149,000 (coming soon, 7/15)
Pic of the Day
June 27, 2022
12:40 p.m.
There are nine(!) new listings on the market:
12751 MacDonald Drive – $3,765,000
3417 Thacher Road – $1,290,000
163 Don Ricardo Way – $229,950
4401 Sulphur Mountain Road – $699,900
215 N. Encinal Avenue – $495,000
Prior “coming soon” listings now on the market:
Pic of the Day
June 24, 2022
11:25 a.m.
There are three new listings on (or coming to) the market:
410 Church Road #53 – $650,000 (coming soon, 6/25)
Prior “coming soon” listings now on the market:
Here’s the list of things to do in Ojai. Enjoy the weekend!
Pic of the Day
June 23, 2022
11:35 a.m.
There are four new listings on (or coming to) the market:
11881 Silver Spur Street – $849,000
11291 Oakcrest Avenue – $895,000 (coming soon, 7/9)
98 Portal Street – $849,000 (coming soon, 6/24)
Pic of the Day
June 21, 2022
10:55 a.m.
There are three new listings on the market:
3411 Thacher Road – $2,299,500
1885 Maricopa Highway #15 – $293,500
Prior “coming soon” listings now on the market:
Pic of the Day
June 17, 2022
12:35 p.m.
There are four new listings on (or coming to) the market:
818 Grandview Avenue – $1,229,000
413 Oriole Street – $1,960,000 (coming soon, 6/21)
408 Franklin Drive – $875,000 (coming soon, 7/7)
Here’s the list of things to do in Ojai; have a great weekend!
Pic of the Day
June 16, 2022
11:15 a.m.
There is a new listing on the market:
Prior “coming soon” listings now on the market:
Pic of the Day
June 15, 2022
10:20 a.m.
There are two new listings on (or coming to) the market:
(Aha…I see what you did there.)
1010 Ayers Avenue – $899,000 (coming soon, 6/17)
Pic of the Day
June 14, 2022
9:50 a.m.
Five new listings have come to the market since last Friday:
508 El Conejo Drive – $875,000
1273 S. Rice Road #68 – $375,000
15994 Maricopa Highway – $289,000
407 Bryant Circle #A – $1,600,000
Pic of the Day
June 10, 2022
12:30 p.m.
There are two new listings on the market:
1225 Mariano Drive – $1,125,000
Here’s the list of things to do this weekend. It’s Music Festival time!
Pic of the Day
June 9, 2022
10:50 a.m.
There are four new listings on the market:
12135 Chumash Road – $2,195,000
2131 Burnham Road – $1,065,000
Prior “coming soon” listings now on the market:
Pic of the Day
June 7, 2022
10:40 a.m.
There are two new listings on the market:
16084 Maricopa Highway – $2,250,000
409 N. Montgomery Street – $1,800,000
(While technically a “new listing,” this home sold and closed before it was listed in the MLS.)
Pic of the Day
June 6, 2022
11:20 a.m.
There are two new listings on the market:
3411 Thacher Road – $2,299,500
305 S. Ventura Street – $2,250,000
Prior “coming soon” listings now on the market:
Pic of the Day
June 3, 2022
10:55 a.m.
There are three new listings on (or coming to) the market:
950 Woodland Avenue #43 – $295,000
11790 Silver Spur Street – $1,275,000 (coming soon, 6/9)
Prior “coming soon” listings now on the market:
Here’s your June market update for Ojai listings and sales:
- 41 new residential listings came to the market in May, compared to 40 in April.
- 24 residential properties sold in May, compared to 29 in April (does not include land parcels, commercial properties, or mobile homes).
- Of the 24 properties that sold in May, 15 were sold over full price, three sold at list price, and six sold below list price. (April saw 13 listings sell over full price, three 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, there are currently 44 single-family residential homes available on the market (does not include land, commercial property or mobile homes). For comparison, there were 35 active listings on the market on May 3rd. Of the 44 current active listings, 11 of them are listed under $1,000,000 (there were 13 such listings on May 3rd). If I remove the outlier listing that is listed at $79,900,000 in upper Ojai, the average listing price for homes on the market today is $2,071,750 ($2,019,265 on May 3rd) while the median home price is $1,542,000 ($1,450,000 on May 3rd).
As far as Ojai is concerned, although it “feels” like a market slowdown is coming, the statistics prove otherwise. As long as we have a shortage of inventory, it’s likely the current market trend will continue.
Finally, here’s the list of things to do in Ojai. Enjoy the beautiful weekend!
Pic of the Day
So…that buzz I’m hearing is not just my imagination
Thursday, June 2, 2022
9:25 a.m.
There is a new “coming soon” listing on the market:
539 Del Oro Drive – $2,295,000 (coming soon, 6/3)
Prior “coming soon” listings now on the market:
Pic of the Day
