CONEJO VALLEY'S HOME SALES SOAR IN MAY.Byline: Lisa Mascaro Daily News Staff Writer Sales of single-family homes in the Conejo Valley The Conejo Valley is a region spanning both Southeastern Ventura County and Northwest Los Angeles County in Southern California, United States. It was discovered in 1542 by Spanish explorer Juan Rodriguez Cabrillo, and eventually became part of the Rancho El Conejo land grant by skyrocketed 44 percent in May, compared to the same period last year, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the Conejo Valley Association of Realtors. The number of resale homes in May increased from 302 in 1997 to 435 this year, and real estate agents expect the increase to continue during the summer months, when families moving traditionally increases. Sales from April to May of this year increased nearly 21 percent, from 360 to 435. ``There has been a lot of pent-up demand,'' said Jim Keith Jim Keith (September 22, 1949 - September 7, 1999) was an American author. His best known work is "The Octopus", co-written with Kenn Thomas, which details conspiracy theories around the death of reporter Danny Casolaro. , president of the Conejo Valley Association of Realtors. ``I don't see this stopping any time in the foreseeable fore·see tr.v. fore·saw , fore·seen , fore·see·ing, fore·sees To see or know beforehand: foresaw the rapid increase in unemployment. future.'' Prices also increased, with median home prices jumping from $266,392 in May 1997 to $275,666 last month. Total real estate transactions in the Conejo Valley area in May were $282 million, up from $113 million in May 1997. Real estate agents say the area continues to attract residents from surrounding areas and that low interest rates that recently dipped below 7 percent are making it easier for buyers to get into new homes. While the number of homes sold increased, the number being listed has declined over the past year, adding to the supply crunch (1) To process data. See number crunching. (2) To compress data. See data compression. 1. (jargon) crunch - To process, usually in a time-consuming or complicated way. that Keith said has led to some homes being sold within days of going on the market. New homes listed in May totaled 494, down from 525 in May 1997. Condominium condominium In modern property law, individual ownership of one dwelling unit within a multidwelling building. Unit owners have undivided ownership interest in the land and those portions of the building shared in common. sales remained consistent, with 104 being sold last month vs. 103 in May 1997. Condo sales dipped slightly from April, when 11 units were sold. |
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