NEW HOMES IN VENTURA COUNTY AMONG COSTLIEST.Byline: Terry Kanakri Daily News Staff Writer Ventura County was the 14th most expensive new home market in the country last year, a survey showed. The average cost of a new home sold in the county in 1995 was $247,914, up from $244,043 in 1994, 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. TRW TRW The Real World (TV reality show) TRW The Right Way TRW Tactical Reconnaissance Wing TRW The Retriever Weekly (University of Maryland, Baltimore, MD) TRW Thompson Ramo Wooldridge Inc REDI Property Data, a nationwide real estate information company. ``It doesn't surprise me because Ventura County is one of the most expensive counties in California The U.S. state of California is divided into fifty-eight counties. Counties are responsible for all elections, property-tax collection, maintenance of public records such as deeds, and local-level courts within their borders, as well as providing law enforcement (through the county and Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, ,'' said Nima Nattagh, a market analyst with TRW REDI. ``I think it's really a reflection of the socioeconomic profile of the county,'' he explained. ``There are, proportionally speaking, a higher number of high-income people residing in that county. There's a relationship between home values and local income levels. If the local income level is high, then the home value is higher as well.'' As of Jan. 1, 1996, the median income for a family of four in Ventura County was $59,100, officials said. That means that half of the households had a higher income and half had a lower income. With its ideal climate, open space and low crime rate, Ventura County traditionally has been one of the most expensive places to live in the state. The county did not make it to the top 10 most expensive new home markets in the nation, however, which were topped by two other California counties. TRW REDI reported San Mateo San Mateo (săn mətā`ō), city (1990 pop. 85,486), San Mateo co., W Calif., on San Francisco Bay; inc. 1894. It is a commercial and retail center with some high-technology manufacturing. San Mateo, Spanish for St. County near San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden was the most expensive new home market in the nation in 1995, with the average new home price at $317,326. Santa Clara Santa Clara, city, Cuba Santa Clara (sän`tä klä`rä), city (1994 est. pop. 217,000), capital of Villa Clara prov., central Cuba. County, also near San Francisco, was second, with a new home costing an average of $307,249. Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. County ranked No. 31, with an average new home price of $217,069 in 1995, TRW REDI reported. Conversely, no California county placed in the top 10 most affordable new home markets in the country in 1995, TRW REDI reported. Mohave County in Arizona placed first with an average new home price of $79,893, followed by the city of Baltimore at $84,212. Seven cities Seven Cities may refer to:
The average new home cost in major metropolitan areas across the nation was $170,000, TRW REDI reported. In 1995 sales of new homes totaled $388.5 million in Ventura County, which ranked 42nd in the nation, TRW REDI reported. However, that was down from $403.4 million in 1994. The news of Ventura County being among the most expensive areas to live in across America did not surprise area Realtors. Debbie Rodgers Teasley, district manager of Coldwell Banker Town & Country, which serves Simi Valley and Moorpark, said the cost of new homes in the county is a reflection of its newfound dynamic economy. ``It's because of the demographics of the area,'' she said. ``We still have decent employment, and we've recovered from the loss of aerospace jobs. I think all those things taken into consideration, it's an excellent place to live.'' Chris McClintock, president of the Conejo Valley Association of Relators, said the high cost of living is due to the high demand for housing in the county, which offers a nice climate, clean air, good schools and low crime compared to urban Los Angeles County. However, McClintock said the high cost of living may backfire at some level. ``You reach a point where it begins to implode To link component pieces to a major assembly. It may also refer to compressing data using a particular technique. Contrast with explode. on itself,'' she explained. ``If prices are too high, a corporation can't afford to come here and bring its employees. We've seen that time after time.'' |
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