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Articles

Home Sales Up, Prices Down

By Daryl Kelley

The good news is that houses are selling again in Ojai. The bad news, if you’re a property owner, is that they’re selling for less than at any time in six years. April was the second highest sales month for the Ojai area since last summer. But the dumping of “short-sold” and foreclosed properties pushed prices to levels not seen since an average of $370,000 in January 2003. Last month, 11 houses and condominiums closed escrow in Ojai and the rest of the 93023 ZIP code for an average of $383,000, the lowest mean Ojai sales price for April since $323,000 in 2002, according to Melissa Data, an Orange County business

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