Real Estate Market

Market Trends: March 2018

U.S. Market Data Overview

Note: Jan. 2018 data shown below is the most recent published by National Association of Realtors.


Sales of existing homes in January dipped for the second straight month, and saw their most significant decline on an annual basis in more than three years. Data from the National Association of Realtors® (NAR) indicates that all major regions saw monthly and annual sales declines last month.


Total existing-home sales (completed transactions for single-family homes, townhomes, condominiums and co-ops), fell 3.2% in January to 5.38 million from 5.56 million in December 2017. Sales are 4.8% lower than a year ago (largest annual decline since August 2014 at 5.5%) and sit at their slowest pace since last September (5.37 million).

NAR's chief economist, Lawrence Yun, said that January’s downturn in closings underscores the housing market’s major inventory shortage. “The utter lack of sufficient housing supply and its influence on higher home prices muted overall sales activity in much of the U.S. last month,” Yun said. “While the good news is that Realtors® in most areas are saying buyer traffic is even stronger than the beginning of last year, sales failed to follow course and far lagged last January’s pace. It’s very clear that too many markets right now are becoming less affordable and desperately need more new listings to calm the speedy price growth.”


January's U.S. median existing-home price (all housing types) was $240,500, up 5.8% from January 2017 ($227,300). January’s price increase represents the 71st straight month of year-over-year gains.


American total housing inventory at the end of January grew 4.1% to 1.52 million existing homes available for sale, but is still 9.5% below a year ago (1.68 million) and has fallen year-over-year for 32 straight months. Unsold inventory sits at a 3.4-month supply at the current sales pace.


First-time buyers drive 29% of sales in January, which is down from 32% in December 2017 and 33% one year ago. The annual share of first-time buyers was 34%.


Freddie Mac data shows the average commitment rate for a 30-year, conventional, fixed-rate mortgage got a boost for the fourth consecutive month to 4.03% in January from 3.95% in December. The average commitment rate for all of 2017 was 3.99%.


All-cash sales were 22% of transactions in January, which is up from 20% in December 2017 but down from 23% a year ago.



Ventura Housing Market Update

$885,750 (Average List Price)

3.0 Bedrooms/2.0 Bathrooms

1,700 sq. ft. (Median House Size)

$388 (Price per Sq. Ft.)

129 (Number of Listed Homes)


Investing in Real Estate

Today's low interest rates and rising home prices have created some great investment opportunities!


Investing in real estate has unique advantages over other types of investments. Let's take a look at some of the reasons why real estate investment should be on the "short list" for many investors:


  • Interest in mortgage loans are tax-deductible. Investors can lower their tax liability while increasing their equity.

  • Renters pay down your mortgage loan. Investors reap the benefits of rental income, which offsets your mortgage cost and build equity.

  • Real Estate values increase over the long term. Real Estate is limited and will always be in demand.

  • 1031 exchanges are available to defer taxable income when you are ready to sell.


Many investors are taking advantage of these great market conditions. Have questions? Give us a call. We are happy to help!


Consider The Schools When Buying Your Home!

Looking to buy your dream Ventura County home this spring? With size, design features, amenities, outdoor living spaces, and more, there are plenty of factors to consider as you begin your search. If you have children, one of the most important factors is location near a top school. Make sure your child has access to the best education around.


Start your search in one of these excellent local school districts:

Fillmore Unified School District | Homes for Sale

Ojai Unified School District | Homes for Sale

Oxnard Union High School District | Homes for Sale

Pleasant Valley School District | Homes for Sale

Ventura Unified School District | Homes for Sale


Once you know the school district, you can begin to narrow your search down to find the best schools within it. This is where your school work and research comes in! Use independent websites such as,, and U.S. News & World Report to find unbiased rankings and data. Check out school websites to find out about awards and recognitions. Ask the schools you are interested in if you can visit. This is the best way for you to find out if it is the right fit for your child. Find out about the facilities, learn about class sizes and extracurricular offerings, meet teachers and administrators, and more.

Found the school you want your child to attend? Now, The Blake Mashburn Group can help you find your dream home within that school's boundaries. Give us a call today or visit our website at




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Contact Information

Photo of BLAKE MASHBURN Real Estate
Century 21 Fine Homes & Estates, Troop Real Estate
1190 S. Victoria Avenue, Suite #100
Ventura CA 93003
Office: 805-856-9350
Cell: 805-368-0202
Fax: 805-642-1424