Yes, they are rising too quickly. This is a very emotional market, where buyers are over-paying because there are just not enough homes on the market for all the buyers who NEED to buy. There will be an adjustment when inventory increases, but these are just normal market cycles.... more
With the low housing inventory and many active buyers, you should expect to sell your home quickly. Camarillo is a very desirable area, so if your home is priced well then DOM should be around 60 - 90 days.... more
In today's real estate market the term "pre-foreclosure" is loosely used when talking about a short sale.
The homeowner is asking their current lender to discount the existing loan to facilitate the sale and avoid the foreclosure. The discounted loan amount request (or short sale) is accomplished pre-foreclosure.
Otherwise the back payments must be made up or the house goes into foreclosure and back to the lender.
If you are interested in purchasing a home through a short sale, we can help you throughout Ventura County.