CONEJO VALLEY HOMES SALES DIP, BUT PRICES SURGE.Byline: Lisa Mascaro Staff Writer THOUSAND OAKS Thousand Oaks, residential city (1990 pop. 104,352), Ventura co., S Calif., in a farm area; inc. 1964. Avocados, citrus, vegetables, strawberries, and nursery products are grown. - Homes sales 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 dipped from a year ago as prices remain strong, a real estate organization reported Tuesday. The median sale price for single-family homes in August was $386,540, up from $365,280 in 1999, 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. In August, 233 homes were sold, compared with 216 sold in July and 244 in August 1999. Pat Evans, past president of the association, said the trends for August reflect a range of market factors - from high interest rates to a shortage of available homes. ``I think buyers feel very frustrated frus·trate tr.v. frus·trat·ed, frus·trat·ing, frus·trates 1. a. To prevent from accomplishing a purpose or fulfilling a desire; thwart: by their choices, and prices have increased. Perhaps some buyers are making the choice to stay where they are and add on, or wait and maybe rates will break a little and help them afford what they want,'' Evans said. Still, she said the August report showed a better market than in July. ``Usually August is the last spurt spurt Vox populi A surge or abrupt ↑ in the size or speed of a thing. See Fat spurt, Growth spurt. in the year before people get down to school beginning, thinking ahead to the holidays,'' said Evans. The median price for a two-bedroom, single-family homes was $286,760, compared with $195,000 in 1999. The median price for three bedrooms was $311,360, compared with $293,270 a year ago. For four or more bedrooms, the median was $440,320, compared with $398,110 in 1999. The median price is the point where half of the units sold for more, and half for less. Prices - high for much of the summer - continued to be strong. Evans said the median price seemed high, but most likely reflected the number of high-priced homes being sold. ``This year we've seen a lot of high-end sales and that seems to bring that price up,'' she said. ``Those really skew (1) The misalignment of a document or punch card in the feed tray or hopper that prohibits it from being scanned or read properly. (2) In facsimile, the difference in rectangularity between the received and transmitted page. these statistics.'' 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 totaled 94 in August, compared with 97 in July and 112 for August 1999, the association reported. New residential listings totaled 454 in August, compared with 453 in August 1999. Total sales in August were $134.4 million, compared with $129.4 million in August 1999. |
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