Note: Some of the links below may take you to a blank page with the verbiage, “The content of this email link is no longer available.” These links have expired from the Ventura MLS and are no longer accessible. Ojai MLS links are not affected in this way.
Tuesday, January 30, 2024
11:05 a.m.
There is a new “coming soon” listing on the market:
4210 Grand Avenue – $1,100,000 (coming soon, 2/16)
Recently cancelled, withdrawn, or expired listings – back on the market:
- 15994 Maricopa Highway – $450,000 (this recently expired on 1/12)
Pic of the Day
Monday, January 29, 2024
1:00 p.m.
There are three new or “coming soon” listings on the market:
1202 Loma Drive #47 – $149,000
1928 S. Rice Road – $1,295,000 (coming soon, 2/1)
112 W. Aliso Street – $1,995,000 (coming soon, 2/1)
Pic of the Day
Hmmm…should I sell now? I mean, I hear it’s a buyer’s market now, but will
soon be a seller’s market – what with decreasing interest rates and such – plus,
and it’s also an election year…
Friday, January 26, 2024
11:05 a.m.
There are five new or “coming soon” listings on the market:
1109 Del Nido Court – $1,150,000
1270 Foothill Road – $2,675,000
70 Rockaway Road – $850,000 (coming soon, 2/9)
Prior “coming soon” listings – now on the market:
Recently cancelled, withdrawn, or expired listings – back on the market as new:
- 235 Larmier Avenue – $659,000 (recently cancelled on 1/21)
- 42 Don Antonio Way – $287,500 (recently cancelled on 1/25)
Here’s the list of things to do in Ojai; have a wonderful weekend!
Pic of the Day
Thursday, January 25, 2024
11:55 a.m.
This is a new listing on the market:
110 W. Ojai Avenue – $4,970,000
Pic of the Day
Wednesday, January 24, 2024
10:55 a.m.
There is a new listing on the market:
900 Santa Ana Blvd. – $2,999,900
Prior “coming soon” listings now on the market:
Pic of the Day
Tuesday, January 23, 2024
10:05 a.m.
There are no new listings on the market. Here are recently cancelled, withdrawn, or expired listings – back on the market as new:
- 276 Running Ridge Trail – $3,685,000 (was recently cancelled on 1/19).
Here’s a mortgage rate update and a quick rundown on the Federal Reserve at what their actions may mean for the future:
30-yr fixed: 6.87%
15-yr fixed: 6.23%
30-yr Jumbo: 7.21%
30-yr FHA: 6.12%
30-yr VA: 6.13%
(DOT) PLOTting the Federal Reserve’s next moves and what this powerful tool says about interest rates
As the Federal Reserve gets set to begin cutting the Fed funds rate, one might be tempted to try and start connecting some dots. The chart that many are now watching, the “Dot Plot,” is a graph that indicates where each Fed official sees interest rates in the future, currently through 2026 and possibly beyond. In this projection, officials see a 0.75 point cut to the Fed’s key interest rate in 2024 on the expectation that inflation and economic growth will gradually slow.
Mortgage interest rates are not directly tied to the Fed funds rate, they are influenced by it. With the expectation of the Fed cutting rates, it’s a step closer to the eventual reduction in mortgage interest rates. But even though it seems comparable to getting a sneak-peak at winning lottery numbers, home buyers should proceed with caution when trying to predict the perfect time (“time the market”) to purchase a home.
Lower mortgage rates mean more people will be able to afford to buy a home. Buyers waiting for rates to drop will not only face fierce competition, losing negotiating power, but will also experience rising home prices. Those who have already purchased their homes will experience the luxury of being able to refinance at the lower rates, in addition to having the possibility of realizing significant home appreciation.
[Special thanks to Martin Rosenblum of Motif Mortgage for his insights!]
Pic(s) of the Day
Monday, January 22, 2024
12:35 p.m.
There are three new or “coming soon” listings on the market:
1405 Meadowbrook Road – $1,475,000
109 E. Oak View Avenue – $749,000
12291 Sisar Road – $1,500,000 (coming soon, 1/26)
Pic of the Day
Friday, January 19, 2024
10:25 a.m.
There are five new or “coming soon” listings on the market:
1402 Meadowbrook Road – $1,250,000
1501-B Orchard Drive – $475,000
921 Patricia Court – $1,295,000
(This was under contract before it was listed in the MLS.)
403 N. Montgomery Street – $2,195,000 (coming soon, 1/24)
Here’s the list of things to do in Ojai; have a rainy weekend!
Pic of the Day
Thursday, January 18, 2024
11:15 a.m.
There are two new listings on the market:
1183 Woodland Avenue – $825,000
529 White Oak Circle – $1,450,000
Pic of the Day
Tuesday, January 16, 2024
11:10 a.m.
Six new or “coming soon” listings have come to the market since last Friday:
2175 Valley Meadow Drive – $1,695,000
380 Valley View Rd – $1,950,000
530 Pleasant Avenue – $1,725,000 (coming soon, 1/17)
Recently cancelled, withdrawn, or expired listings – back on the market as new:
- 418 Descanso Avenue – $840,000 (was recently withdrawn on 1/8).
Pic of the Day
Friday, January 12, 2024
10:15 a.m.
There are two new listings on the market:
415 S. Pueblo Avenue – $1,295,000
Here’s the list of things to do in Ojai; have a great weekend!
Pic of the Day
Thursday, January 11, 2024
4:10 p.m.
There is a new listing on the market:
248 Old Grade Road – $2,800,000
Recently cancelled, withdrawn, or expired listings – back on the market as new:
- 1017 Ayers Avenue – $1,125,000 (listing was withdrawn on 12/21/23)
Pic of the Day
Wednesday, January 10, 2024
11:00 a.m.
There is a new listing on the market:
1202 Loma Drive #130 – $345,000
Pic of the Day
Tuesday, January 9, 2024
1:05 p.m.
Two new listings have come to the market since Friday:
1501 Orchard Drive – $1,285,000
Pic of the Day
Friday, January 5, 2024
2:20 p.m.
There are two new listings on the market:
$949,000 – 1202 Grandview Avenue
405 N. Montgomery Street – $1,995,000
Previous “coming soon” listings now on the market:
Have a great weekend! Here’s the list of Things to Do in Ojai.
Pic of Day
Thursday, January 4, 2024
11:10 a.m.
There are no new listings for today.
Pic of the Day
Wednesday, January 3, 2024
11:45 a.m.
There are no new listings for today. Here’s a mortgage rate update:
30-yr fixed: 6.77%
15-yr fixed: 6.05%
30-yr Jumbo: 7.00%
30-yr FHA: 6.18%
30-yr VA: 6.20%
Pic of the Day
Tuesday, January 2, 2024
2:00 p.m.
There are three new or “coming soon” listings on the market:
2046 Los Encinos Road – $1,650,000 (coming soon, 1/5)
Just a note that there are a bunch of listings that expired on 12/31/23. Most of these will be re-listed in the new few days, but I will not be addressing them here as “new” listings.
I hope you had a fun New Year’s! I got together with some friends (all past clients – that’s kind of how it goes when you’re in real estate), and we had a great time. But we didn’t stay up until midnight to celebrate. From my experience, the cut-off for getting “excited” about the New Year ends somewhere around age 45. But I did stay up to write down goals for 2024, though that hardly counts as excitement. When I went “Whoo hoo” at 12:00 a.m. the dogs didn’t seem to understand what the hubbub was all about.
Speaking of “hubbub” – I recently got called out for saying “…take a gander” at something. I was at a home inspection with my client and the home inspector – they busted out laughing. Younger guys, of course, but it made me laugh as well. I’ve been trying to get the latest hip verbiage from teammate Rob Perron, but he says now that even HE’S out of the loop these days.
I saw the word “breadcrumbing” mentioned a couple of days ago on social media. That’s a new one on me. It’s essentially described as (when dating someone) “…leaving a trail of romantic breadcrumbs (flirting, sweet words, periodic text check-ins) that lead to nowhere for the relationship.” I wonder what Mark Twain or Emily Dickinson would think.
Have a great week!
Pic of the Day
