15 Minutes with Paul Ward - The Market Cycle and Ventura County

Get ready for an information packed episode! Emotions drive consumer sentiment and the real estate market cycle is no different.

In this episode Paul uses his 20 years of experience to determine where Ventura County is on the real estate market cycle - and what it means for buyers and sellers. He goes on to tackle the startling data recently released by Redfin that U.S. homeowners have lost $2.3 trillion in value since June peak. Paul provides in detail the hard numbers that show the stark contrast between single family homes available for sale in Ventura County in 2022 vs 2023. 

 

Is it a good time to buy? Should people consider listing their homes at this point in the market cycle? Tune in and find out!

 

Paul has also prepared a video presentation with this episode available on YouTube @PaulWardFarmTalk and on his blog with a full transcript!

 

What you’ll learn in this episode:

0:00 Topic Introduction

0:40 The Market Cycle: Emotions drive consumer sentiment

1:20 How emotions have been driving the market cycle in Ventura County

1:56 Is now the time to think about purchasing or selling?

2:07 U.S. homeowners have lost $2.3 trillion in value since June peak

2:50 2022 vs 2023 stats for Ventura County, CA

4:22 The market cycle effect on homes with unique and desirable properties

5:39 Competition in the current market place

6:44 Misleading news

7:33 Paul’s recommendation

 

Have ideas for future episodes? We'd love to answer your questions - leave a comment!

 

For any home buying or home selling needs in the Ventura County area of California, please reach out to Paul@HomeAndRanchTeam.com or visit www.HomeAndRanchTeam.com

 

A special THANK YOU to our sponsors! 15 Minutes with Paul Ward would not be possible without the support of our sponsors, Opus Escrow, Karly Rosalez from The Money Store and Community West Bank. Supporting our sponsors ensures 15 Minutes with Paul Ward can provide listeners with the best possible episodes.