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In My Neighborhood in Camarillo : Real Estate Advice

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  • Local Info7
  • Home Buying36
  • Home Selling3
  • Market Conditions10

Activity 2
Fri May 3, 2013
Heidi Golff answered:
Good morning Wendi,

Are you able to consider other communities outside of the Santa Rosa Valley? Somis comes to mind, as does Camarillo, Ojai, and Santa Paula. Please tell me what other features are important to you in a home and whether or not driving distant constraints are involved. I am a Certified Luxury Home professional with experience in horse property. Please visit my site; let's have a comprehensive conversation about all of your requirements ~ that's essential! I don't want to waste your time throwing out neighborhoods until I have the entire picture for your needs in focus. ... more
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Thu Nov 5, 2009
Barry Shapiro answered:
Hi Curious,

As a fellow investor, owning several investment properties, I can attest that the current rental market for Camarillo is not favorable for landlords. Several reasons contribute to this claim:
1) More and more homeowners are losing their homes via a short sale or foreclosure, and most landlords are basing their tenants qualifications more on CREDIT, than qualifications/ability to pay the rent. So, a lot of would-be tenants are being forced to find alternative housing.
2) More and more owner-occupied sellers have been watching their equity diminish, and are now deciding to rent out their properties for the first time, instead of selling for less than some arbitrary "loss" (when compared with '05 prices). This has flooded the market with more homes than usual.
3) Depending on the type of rental, job losses at a local level has contributed to many tenants downsizing to be certain they can afford to keep a roof over their heads.
4) The new naval housing off of Las Posas at the west end of Camarillo, once completed, may cause a plethora of otherwise "temporary" housing rental units to become vacant as employees avd their families relocate to newer, nicer housing.
5) Bacause the local housing market is on fire once again (with very few Active homes for sale under $400K), many rental properties are coming back on the market, as the tenant becomes homeowner.

Here's a link to the 49 ACTIVE rentals on the MLS:
... more
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