Blog Archive – May, 2021

Note:  Some of the links below may take you to a blank page with the verbiage, “This is not a valid link.”  These links have expired from the Ventura MLS and are no longer accessible.  Ojai MLS links are not affected in this way.
Friday, May 28, 2021
3:30 p.m.

There is a new listing on the market:

 

609 Grand Avenue – $995,000

 

Here’s the list of things to do in Ojai!

 

Are you considering selling your home, but are afraid you won’t be able to find a new home to replace it?  You’re not alone.  Many homeowners I’ve spoken to over the last six months have expressed this feeling.  But there IS a way to sell your home without the risk of being unable to find a new home to replace it.  It’s called the “Seller’s Purchase of Replacement Property” (SPRP) form.  This form is an addendum to the Purchase Agreement which a seller submits to a buyer when an offer is submitted on the seller’s home.  This form specifically allows a timeframe for the seller to find a new home, typically 17 days – but that is negotiable.  (We were able to get 60 days for our seller who sold their property at 144 Pasadena Avenue in Oxnard.)

So what happens if you can’t find a home to replace the home you’re selling and you’ve submitted the SPRP to the buyer of your home?  Nothing.  The buyer gets their deposit back and you can put your home back on the market, or if you’ve had enough, take it off the market entirely.

The reason I’m bringing this to light today is because our team is experiencing this scenario first-hand with some people we’re currently working with.  Though we’ve offered our counsel regarding the aforementioned SPRP form, they are still hesitant to put their home on the market out of fear of not being able to find a replacement home.  The challenge they’re facing is that they’re out there looking at homes to purchase; some have even submitted offers – but none of the offers have been accepted.  In the current market of overbids and multiple-offer scenarios, a contingent offer (one where the buyer needs to sell their home in order to purchase a new home) is probably the offer least likely to be accepted.  This is only my opinion, but here’s my first-to-worst home purchase scenarios (assuming the offering prices are equal):

 

  1. All cash offer, but no need for buyer to sell a home in order to purchase.
  2. An offer with the buyer needing to get a loan, but no need for buyer to sell a home in order to purchase.
  3. All cash offer, but the buyer is getting their cash from their own home sale that needs to close concurrently, and their home is already in escrow.
  4. An offer with the buyer needing to get a loan, but their home is already in escrow
  5. All cash offer, but the buyer is getting their cash from their own home sale that needs to close concurrently and their home is on the market – but not in escrow.
  6. An offer with the buyer needing to get a loan, their home is on the market – but not in escrow.
  7. An offer with the buyer needing to get a loan, but their home is not yet listed or on the market.
  8. An offer stained with blood and reeking of whiskey, written on linen stationery in Old English lettering.

Okay, let’s throw that last one out.  But for item #7, this offer has virtually zero shot of ever getting accepted.  Yet some people are attempting to buy homes under this scenario.  This may have worked in 2009 when the market was desperate, but not so much these days.  The SPRP can be your salvation!

By the way, we like to pronounce the SPRP as “spurp” here at Team Deckert.  Another form pronunciation we enjoy is the AVID (Agent Visual Inspection Disclosure); we refer to that as the “ah-veed.”  Don’t get me started on the “Seller Response and Buyer Reply to Request For Repair” (RRRR), which is a great way to say it if you’re Jack Sparrow.  I refer to it as the “Quad-R” – the team is just starting to get the hang of that one.  I’m still trying to get everyone to substitute “square feet” with “squeet”  –  as in, “This home has 4 bedrooms, 2 baths, and 2,300 squeet of living space.”  So far I’m the only one willing to use it.

 

Have a great weekend!

 

Pic of the Day

Agreed!

 

Thursday, May 27, 2021
4:15 p.m.

I just noticed when I re-booted BBIO that I forgot to include the rainfall amount for the season as part of the daily update.  I think it’s safe to say that the rainy season for this year has ended.  From the first rainfall of the rainy season on October 20th, 2020 through the last measurable rain event on March 20th, 2021 (that sprinkle we got last week on my side of town didn’t count) – we received a total of 6.05 inches of rain for the Ojai valley.  Yikes.  That’s the lowest amount of rain we’ve received since the 2013/14 season, in which we totaled 8.28 inches of rain.

There are two new listings on (or coming to) the market:

 

12991 Blue Heron Circle – $3,995,000

 

465 Gridley Road – $2,150,000

 

Pic of the Day

 

Addicted to windows

 

Wednesday, May 26, 2021
9:50 a.m.

No new listings today…

 

Pic of the Day
A sure sign your community doesn’t have an HOA

 

Tuesday, May 25, 2021
2:40 p.m.

There are 3 new listings on the market:

 

100 Ojai Drive – $999,900

 

602 Del Norte Road – $2,250,000

 

2856 Maricopa Highway – $1,595,000

 

Pic of the Day
These progressive eyeglass lenses are terrible

 

Monday, May 24, 2021
11:20 a.m.

There are three new listings on (or coming to) the market:

 

410 Church Road #61 – $580,000

 

1009 Grandview Avenue – $939,900

 

950 Woodland Avenue #34 – $249,000

 

Pic of the Day

 

Friday, May 21, 2021
12:35 p.m.

Here’s the list of things to do in Ojai!

Regarding the “Lake Casitas Water Capacity” noted above; I checked my notes just for reference to see where the lake level was a year ago.  It was at 44.5% on 5/22/20.  I also know from looking at those notes that over the summer months, the lake level goes reduces by about 1% per month.  Hopefully the lake will stay above the 30% mark until we get some much needed rain in October or November.

Finally, note that of the two “new” listings below, one has already sold and one doesn’t have a link.  I have always put listings as “new” even if they have sold, so that I have a reference point to count new listings.  As far as the listing that doesn’t have a link, this is because it’s from a different MLS system than Ojai’s – one that doesn’t allow me a share a public link if the property is in a “coming soon” status.

Have a wonderful weekend!

 

There are two new listings on (or coming to) the market:

 

118 Bundren Street – $650,000

 

ojai real estate

239 S. Montgomery Street – $1,195,000

(This property sold and closed before it was listed in the MLS.)

 

Pic of the Day

 

Well, hurry up then!

 

Thursday, May 20, 2021
10:00 a.m.

In the last 30 days we’ve seen 72 new listings come to the market.  Back when I was doing the monthly Ojai Market Update (covering some 5+ years), I had never seen that many listings in a 30-day period.

 

What’s the most common question we hear these days?  “When are prices going to go down so I can buy something?”  Obviously, no one knows the answer – or those people would’ve also been able to predict the real estate boom that started around May or June of last year.  (Wait…is it “boon” or “boom?”  I just spent 5 minutes reading about the differences and I still don’t know the answer.  English majors, feel free to email your thoughts.)  Our best guess is this:  While we don’t see prices going down in the near future (plateauing, perhaps), what we do see happening is that the market will see enough new inventory to allow prices to stabilize – but much more importantly – there won’t be 10 over-asking-price offers on every new listing.  In effect, this will allow buyers to purchase something more reasonably.  Speaking of which…

There are four new listings on the market:

 

1462 Orchard Drive – $939,000

 

124 N. Poli Street – $650,000

 

1225 S. Rice Road #80 – $249,500

 

504 Thomas Street – $700,000

(This was a pending sale before it was listed in the MLS.)

Pic of the Day
Entrance for germaphobes
Wednesday, May 19, 2021
10:55 a.m.

There are four new listings on the market:

 

107 Drown Avenue – $929,900

 

717 Mercer Avenue – $779,000

 

980 Larmier Avenue – $710,000

 

Skyhigh Drive – $285,000

(This is technically a Ventura property, but I consider this area to be part of the Ojai Valley.)

 

4540 Grand Avenue – $2,300,000

(This property sold and closed before it was listed in the MLS.)

 

Pic of the Day
When your compass is one degree off

 

Tuesday, May 18, 2021
10:00 a.m.

There is a new listing on the market:

 

33 Bundren Street – $550,000

 

Pic of the Day
You can see the problem here

 

Monday, May 17, 2021
12:20 p.m.

There are five new listing on (or coming to) the market:

 

128 Don Felipe Way – $399,000

 

2249 McNell Road – $2,900,000

 

2142 Sumac Drive – $995,000 (coming soon, 5/27)

 

505 Park Road – $760,000 (coming soon, 6/3)

 

162 La Plaza Way – $232,000

Pic of the Day
There’s such a thing as being too chill

 

Friday, May 14, 2021
9:35 a.m.

In case you haven’t read or heard; the “open house” is making a comeback!  Technically, open houses can begin immediately, but I have a feeling it’s going to be a slow progression to getting back to where we were pre-Covid.  I just checked the Ojai MLS and there are no open houses scheduled for this weekend.  Social distancing will still be in place during open houses, as well as other previous protocols, but at least you won’t have to strictly schedule an appointment in order to see a home.  Hopefully, the Friday broker preview (where agents see new listings that have come on the market) will also be part of our lives again.

 

Congrats to our client/buyer, who closed on their new home at 190 Monte Via!

 

Here’s the list of things to do in Ojai.

 

There are three new listings on the market:

 

1620 Foothill Road – $8,500,000

 

12490 MacDonald Drive – $3,390,000

 

1975 Maricopa Highway #65 – $220,000

 

Pic of the Day
The moment you realize you’ve turned on a lamp for the last time

 

Thursday, May 13, 2021
11:20 a.m.

There are six new listings on (or coming soon) to the market:

 

1434 Foothill Road – $2,195,000

 

11195 N. Ventura Avenue #7 – $99,000

 

1273 S. Rice Road #74 – $295,000

 

1422 Foothill Road – $3,200,000

 

8434 Ojai Santa Paula Road – $100,000,000

 

90 Rio Via – $639,000

 

Pic of the Day

 

Actual listing photo – I’d say the blades are too close to the light fixture

 

Tuesday, May 11, 2021
12:05 p.m.

There are five new listings on the market:

 

415 Tico Road – $2,950,000

 

39 Taormina Lane – $750,000

 

1273 S. Rice Road #57 – $299,000

 

884 S. La Luna Avenue – $979,000

 

1008 Creekside Way #E – $600,000

 

Pic of the Day
…because it’s good to be clean, even during an apocalypse

 

Monday, May 10, 2021
10:20 a.m.

There are five new listings on the market:

 

135 S. Encinal Avenue – $750,000

 

9905 Ojai Santa Paula Road – $1,795,000 (land parcel)

 

1202 Loma Drive #58 – $169,000

 

252 N. Padre Juan Avenue – $630,000

 

309 N. Montgomery Street – $995,000

 

Pic of the Day
Impress your dinner guests with the world’s largest thermometer!

 

Friday, May 7, 2021
12:45 p.m.
  • Here’s the list of things to do in Ojai.
  • Congrats to our client/buyer who closed on their new home at 1925 Ginger Street in Oxnard!  Congrats also go out to teammate Rob Perron, who helped to make it happen!

Once a year, the Ojai Valley News runs an insert titled “Women of the Ojai Valley.”  About a month ago I decided to write a full-page article/tribute to Cheryl.  The paper and article went out today; you can find the digital version of it here.

While I am grateful to have been able to include her with so many other wonderful Ojai women, I was absolutely mortified to find that the printed newspaper version includes our team real estate banner at the bottom of the page.  This was not an advertisement.  When I submitted the article, I explicitly directed that this wasn’t about advertising for the team or for myself.  Even though the article mentions Chery’s real estate career (it was such a big part of her life), there’s no mention of a company or team name in the article.  Obviously it’s out in print, so there’s nothing I can do about it.  At least the digital version linked above has been corrected to remove it.  But I fear the optics of it are just plain terrible.  Am I making too big a deal of it?  In either case, last night was a sleepless one. 

And another thing…since I’m on my first-ever BBIO rant, I may as well throw this one in as well:  What does it take for a business to return a freaking phone call?  I don’t want to call out anyone specifically, but let’s just say I’m looking for monthly service for something personal/home-related.  I’ve called three different businesses this week – nothing.  While I certainly understand not picking up the phone for a number you don’t recognize (especially with all the junk calls these days), I don’t understand a business that doesn’t return a phone call from a detailed and friendly voicemail.

 

Now that the edge has worn off a bit I can take a breath and say – here’s hoping you have a wonderful weekend, and Happy Mother’s Day!

 

New Listings on (or coming to) to the Market

202 Canada Street – $2,200,000

 

1014 Grandview Avenue – $879,000 (coming soon, 5/11)

 

1075 Loma Drive #1 – $215,000

 

Pic of the Day
No amount of Flomax will help this situation

 

Thursday, May 6, 2021

6:00 a.m.

There are five new listings on or coming to the market:

 

226 Puesta Del Sol – $949,000

 

252 N. Padre Juan Avenue – $630,000 (coming soon, 5/8)

 

342 N. Arnaz Street – $625,000 (coming soon, 5/7)

 

114 Don Carlos Way – $159,000

 

960 Spring Street – $799,000

 

Pic of the Day
Home security for dummies

 

Tuesday, May 4, 2021

11:25 a.m.

There are four new listings on the market:

 

112 Canada Street – $825,000 (coming soon, 5/6)

 

208 Drown Avenue – $745,000 (coming soon, 5/7)

 

100 Don Carlos Way – $159,000

 

360 Monte Via – $639,000

 

Pic of the Day
Imagine the look on their faces when you tell people your home was built with ostrich wood

 

Monday, May 3, 2021
1:30 p.m.

There are two new listings on the market:

 

E. Sulphur Mountain Road – $339,000

 

11195 N. Ventura Avenue #17 – $250,000

 

Pic of the Day
Actual listing photo: Fish-eye much?  (Check out the ceiling fan!)

 

Click here for archived April, 2021 posts