Ventura County Real Estate: Skyrocketed Prices and Surprising Trends

In this episode of "On the Road with Paul Ward," Paul delves into the Ventura County Real Estate Market and its pricing trends over the past few years. He starts by presenting staggering statistics about the average cost of housing in Ventura County. Paul then discusses interest rates and compares the price per square foot of homes in Oxnard (Ventura County) versus Marina Del Rey (LA County). He offers insights into why people have been moving to Ventura County recently. Referencing an economic report from Cal Lutheran University and charts from an article in The VC Star, Paul provides data on GDP growth, the salary-to-rent ratio, and population growth. He also reveals where people are relocating when they leave Ventura County and shares his experiences about why many are moving to Ventura County from LA County. Lastly, Paul discusses the number of new homes built in Ventura County over the past year and how these factors are contributing to the persistently high housing prices in the area.

0:00 Introduction of topic: The Ventura County Real Estate Market and Pricing over the last few years
0:05 Paul gives us some staggering statistics about the average cost of housing in Ventura County
1:07 Paul discusses interest rates and compares the price per square foot of a home in Oxnard (Ventura County) vs. Marina Del Rey (LA County)
2:38 Some of Paul’s thoughts on why people moved to Ventura County during the last few years
4:23 Cal Lutheran University is referenced for the economic report for Ventura County and provides charts from an article in The VC Star for GDP Growth, The Salary to Rent Ratio and Population Growth
6:20 Find out where people are moving when they leave Ventura County
6:51 Based on his experience, Paul shares that people moving TO Ventura County are coming from LA County and shares his thoughts as to why
7:53 We learn about the number of new homes being built in Ventura County over the last year or so and how all these factors are contributing to the housing prices still being so high in Ventura County
9:19 A special thank you to our sponsor: Opus Escrow

Related Episodes:
Construction Your Home Buying Path
Appraisal Anomalies: Situations You Never Saw Coming

How to reach Paul:
[email protected]
805-479-5004

Check out our featured listings as well as other properties for sale in the area: www.homeandranchteam.com

Have ideas for future episodes? We'd love to answer your questions - leave a comment! For any home buying or home selling needs in the Ventura County area of California, please reach out to [email protected] or visit www.HomeAndRanchTeam.com

A special THANK YOU to our sponsor! Farm Talk with Paul Ward would not be possible without the support of our sponsor Opus Escrow. Supporting our sponsor ensures Farm Talk can provide listeners with the best possible episodes.