Million-dollar-or-more home sales in Ventura County surged in the second quarter to the highest level since the third quarter of 2007 as the in Ventura County economy improved and more mortgages became available.
The year-over-year increase was nearly double the gain for the in Ventura County housing market. According to San Diego-based DataQuick and its president, John Walsh, increased prices moved some homes into the million-dollar-plus category.
The Ventura County homes that sold at $1 million or more from April to June represented an 18.5% increase from the same period last year. It was the most sales in this price range for a quarter since 2007.
The highest quarter number of sales for $1-million or up houses since DataQuick began tracking such data was the third quarter of 2005, when 15,898 homes changed hands.
Source: Money & Co, Laruen Beale
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