Metropolitan Statistical Area (MSA):
Oxnard-Thousand Oaks-Ventura, CA is a Metropolitan Statistical Area (MSA) comprising counties including .
There is no doubt that the Oxnard-Thousand Oaks-Ventura, CA metropolitan statistical area (MSA) is one of the most desirable places to live in the country. The combination of beautiful weather, great schools, and proximity to Los Angeles makes it a highly sought-after destination for families and individuals alike.
The real estate market in the MSA has been on an upward trend for several years now, as more and more people are looking to purchase homes in the area. The median home price in the MSA is currently $565,000, which is up 5.6% from last year. The average price per square foot for homes in the MSA is also on the rise, currently sitting at $377 – an increase of 4.2% from 2017.
With prices continuing to rise, it’s no surprise that demand for rental properties is also increasing. The vacancy rate for rentals in the MSA is currently at 2.8%, which is down from 3.6% last year. This tight market has caused rents to increase as well, with the average rent for a two-bedroom apartment now costing $2,040 per month – a 5% increase from 2017.
There are many factors driving these trends in the MSA’s real estate market. The strong economy and job market are attracting new residents to the area, while low interest rates are making it easier for people to buy homes rather than rent. Additionally, limited supply of available properties is putting upward pressure on prices as buyers compete for a limited number of listings