SP: November home sales top out with 35.4% median price increase
By Peggy Kelly
Santa Paula News
Published: January 14, 2004
Santa Paula topped out in November with home prices hitting a whopping 35.4 percent higher median price than the previous year, according to a real estate research firm.
By Peggy Kelly
Santa Paula Times
Santa Paula topped out in November with home prices hitting a whopping 35.4 percent higher median price than the previous year, according to a real estate research firm.
Data-Quick Information Systems of La Jolla uses official county records to determine the number of sales and the median price of property throughout the state.
Only the 93033 Zip Code in Oxnard had a higher median price increase than Santa Paula for the one-year period between November 2002 and November 20003.
During November, Santa Paula single-family home sales hit a median – meaning that half the homes sold above the number and half below the number – of $325,000. The price was a 35.4 percent increase over the median price of a single-family dwelling in November 2002.
During the reporting period of November 2003, 25 homes sold.
Condominium sales were also strong in November with six units sold at a median price of $207,000, a 24 percent increase over condo median prices in November 2002.
The combined median prices of single-family dwellings – not including attached garages - drove the Santa Paula home price per square foot cost to $224.
Neighboring Fillmore also saw a rise in home prices in November with single-family dwellings selling for a median price of $328,000 – an increase of 19.3 percent over November 2002 – and condominiums selling for $260,000, a price increase of 39.8 percent from one-year ago. Seventeen homes and one condominium sold in Fillmore in November. The price per square foot for single-family dwellings matched Santa Paula’s $224.
The most expensive place to live based on price per square foot of living space was Ventura’s 93001 Zip Code, where 18 homes sold at a median price of $360,000 – an increase of only 9.1 percent – and two condominiums sold at a median price of $320,000, a median price increase of 30.6 percent. The 93001 Zip Code had a per square foot price of $415.
Bell Canyon had only one home sale but it was a whopper: $1,026,000 during November, but a 3.2 percent decrease over the median price of the previous year.
Overall, Ventura County’s median home price in November hit $425,000 for the 803 single-family dwellings that were sold, a 19 percent increase over the previous year.
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