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Real Estate Industry Ventura County

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BUSINESS
December 2, 1997 | LEO SMITH, TIMES STAFF WRITER
Dirt-moving machines have barely broken ground on the speculative Grande Vista Business Park in Thousand Oaks, but already six of the planned 22 units are in or about to go into escrow, and negotiations are in process for two more. For William Burke, a partner in the Burke Real Estate Group, which owns the 11-acre industrial site, the high level of interest illustrates the improved state of the Ventura County-Conejo Valley real estate market.
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CALIFORNIA | LOCAL
December 31, 2001 | DARYL KELLEY, TIMES STAFF WRITER
A home-buying flurry fueled by historically low interest rates pushed Ventura County sales this year to levels not seen since the housing boom of the 1980s, analysts say. Even with a sluggish national economy and a two-week standstill after the September terrorist attacks, sales reached a 13-year high. "It's the best year since 1988, that's for sure," said John Karevoll, an analyst for DataQuick Information Systems, a statistical research service. "And next year looks good too."
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BUSINESS
November 10, 1992 | JACK SEARLES, SPECIAL TO THE TIMES
For two decades no one enjoyed the real estate boom in Ventura County more than John B. (Jack) Gilbert, head of TOLD Corp. In 1985, when TOLD opened the 56-building Channel Islands Business Center in Oxnard, it was to be the crown jewel of Gilbert's commercial real estate empire. TOLD had become the biggest developer of industrial buildings in Ventura County, and as the area grew, so did Gilbert's fortune.
CALIFORNIA | LOCAL
March 26, 2001 | MARGARET TALEV, TIMES STAFF WRITER
Skyrocketing home prices in Santa Barbara over the last four years have pushed hundreds of buyers across the border--into western Ventura County. Realtors in Ventura, Oxnard, Camarillo and Ojai estimate that up to 25% of their clients fall into one of two camps. Some are Santa Barbara residents who sold high but want to stay in the area and come to Ventura County looking for a deal.
CALIFORNIA | LOCAL
December 31, 2001 | DARYL KELLEY, TIMES STAFF WRITER
A home-buying flurry fueled by historically low interest rates pushed Ventura County sales this year to levels not seen since the housing boom of the 1980s, analysts say. Even with a sluggish national economy and a two-week standstill after the September terrorist attacks, sales reached a 13-year high. "It's the best year since 1988, that's for sure," said John Karevoll, an analyst for DataQuick Information Systems, a statistical research service. "And next year looks good too."
CALIFORNIA | LOCAL
December 15, 1998
Ventura County's economy will end the year on a high note--with reports that showed continued demand for local real estate and a low 5.8% unemployment rate for November. Last month, 1,092 homes were sold in the county--up almost 16% from November 1997, according to a report by Acxiom/DataQuick Information systems. The county's median home price jumped more than 11% from November of last year to $230,000. The figures include new and resale homes as well as condominiums.
CALIFORNIA | LOCAL
December 25, 1998 | DARYL KELLEY, TIMES STAFF WRITER
A home-buying frenzy fueled by low interest rates and a strong economy pushed sales in Ventura County this year to levels not seen since the housing boom a decade ago, analysts reported. "It's the best year since 1988, that's for sure," said John Karevoll , financial editor for Acxiom/DataQuick, a statistical research service. "And next year looks just as good. We have activity in all categories and all communities. There is nothing ominous that we can see."
CALIFORNIA | LOCAL
January 21, 1998 | NICK GREEN, SPECIAL TO THE TIMES
Sales of Ventura County homes leaped almost 20% in December and prices nearly 10% over the same time last year, as figures released Tuesday portrayed a buoyant market that has continued to exceed the expectations of delighted real estate experts. "It's just so good to have it back," said Theresa Berenger, immediate past president of the Simi Valley-Moorpark Assn. of Realtors. "We would have been thrilled with a 2% to 3% increase, and now we're seeing 5% to 6%."
BUSINESS
April 7, 1998
There were 221 single-family homes sold in the Conejo Valley in February, compared with 190 in January and 173 a year earlier, according to the Conejo Valley Assn. of Realtors. The median sale price for single-family homes sold in February was $265,971, up from the February 1997 figure of $241,666. The median price is the point at which half the units sold for more and half for less.
BUSINESS
May 5, 1998 | BARBARA MURPHY
There were 351 single-family homes sold in the Conejo Valley in March, compared with 221 in February and 246 a year earlier, according to the Conejo Valley Assn. of Realtors. The median sales price for single-family homes sold in March was $281,817, up from the March 1997 figure of $239,061. The median price breakdown in March was $163,333 for 20 homes with up to two bedrooms, $225,714 for 120 three-bedroom homes and $339,215 for 214 homes with four or more bedrooms.
CALIFORNIA | LOCAL
January 20, 2001 | MATT SURMAN, TIMES STAFF WRITER
Ventura County appeared to ignore signs of an impending economic downturn in December, racking up higher prices and sales in a housing market that, because of extremely tight inventory, seems to be immune from nationwide slowing. A housing slowdown "could easily bypass California," said Mark Schniepp, director of the California Economic Forecast Project, who specializes in the local economy. "It's because of the housing [shortage]." The median price for homes in Ventura County jumped 6.
CALIFORNIA | LOCAL
August 19, 2000 | MATT SURMAN, TIMES STAFF WRITER
Home sales in Ventura County slumped sharply in July as prices rose steadily, a sign of a dearth of inventory rather than slowing demand, analysts said. Reflecting a trend seen across Southern California, sales across the county fell 23.1% compared to July of last year, while the median price was up 10.4%, to $254,000, during that same period. However, the median price was $1,000 lower compared to the previous month.
CALIFORNIA | LOCAL
July 2, 1999 | COLL METCALFE, TIMES STAFF WRITER
Reflecting the area's soaring economy and heated real estate market, the assessed value of property in Ventura County posted its largest annual increase in 21 years to a record high of nearly $51 billion. Officials at the county assessor's office said the 6.9% uptick for this fiscal year--the greatest since a 21% hike in 1978--is a result of several factors, including new construction, high employment, low interest rates and increasingly valuable real estate.
CALIFORNIA | LOCAL
December 25, 1998 | DARYL KELLEY, TIMES STAFF WRITER
A home-buying frenzy fueled by low interest rates and a strong economy pushed sales in Ventura County this year to levels not seen since the housing boom a decade ago, analysts reported. "It's the best year since 1988, that's for sure," said John Karevoll , financial editor for Acxiom/DataQuick, a statistical research service. "And next year looks just as good. We have activity in all categories and all communities. There is nothing ominous that we can see."
CALIFORNIA | LOCAL
December 15, 1998
Ventura County's economy will end the year on a high note--with reports that showed continued demand for local real estate and a low 5.8% unemployment rate for November. Last month, 1,092 homes were sold in the county--up almost 16% from November 1997, according to a report by Acxiom/DataQuick Information systems. The county's median home price jumped more than 11% from November of last year to $230,000. The figures include new and resale homes as well as condominiums.
BUSINESS
August 18, 1998 | RODNEY BOSCH
F&A Realty Advisors, a Ventura-based real estate investment company, announced its purchase of the Peace River RV Park in Wauchula, Fla. The park, about 60 miles southeast of Tampa in central Florida, was purchased June 30 for $1.4 million from the Chapter 7 Trustee for the Bankruptcy Estate of Thousand Adventures of Florida Inc. The park, a 456-site camp resort on about 73 acres, will be renamed the River Valley RV Resort upon completion of a $500,000 renovation.
BUSINESS
April 8, 1997
The number of foreclosure proceedings in Ventura County dropped 15.5% in February from the preceding month, following a state trend of decline from last year's all-time high, an industry tracking company said. The number of mailed default notices sent by lending institutions--the first step in the foreclosure process--was down 16.8% in Ventura County from February 1996. Statewide, default notices were sent to 12,684 homeowners in February. That was down 12.9% from January and 8.
BUSINESS
January 2, 1996 | JACK SEARLES
Foreclosures are declining in Ventura County, but such actions by lenders against delinquent home buyers probably will continue to act as a drag on the county's housing prices at least until spring. That's the opinion of John Karevoll, an analyst with DataQuick Information Systems, which tracks real estate activity throughout the state. "There are still quite a few delinquent mortgages in the pipeline in Ventura County," Karevoll says.
BUSINESS
May 5, 1998 | BARBARA MURPHY
There were 351 single-family homes sold in the Conejo Valley in March, compared with 221 in February and 246 a year earlier, according to the Conejo Valley Assn. of Realtors. The median sales price for single-family homes sold in March was $281,817, up from the March 1997 figure of $239,061. The median price breakdown in March was $163,333 for 20 homes with up to two bedrooms, $225,714 for 120 three-bedroom homes and $339,215 for 214 homes with four or more bedrooms.
BUSINESS
April 7, 1998
There were 221 single-family homes sold in the Conejo Valley in February, compared with 190 in January and 173 a year earlier, according to the Conejo Valley Assn. of Realtors. The median sale price for single-family homes sold in February was $265,971, up from the February 1997 figure of $241,666. The median price is the point at which half the units sold for more and half for less.
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