When you move to Thousand Oaks, you are moving into one of the most desirable cities in all of California. Maybe even all of the United States. Thousand Oaks resides near the coast of Southern California, which in the sunny Golden State, provides a nice breeze even in the middle of summer. Obviously named for its richness of Oak Trees, Thousand Oaks, spans to almost 56 square miles. Most of which will never be used and left untouched for the wildlife and Oak Trees that still inhabit the area. Because of the open land, incredible views, and a sense of luxury, Thousand Oaks continues to persuade homebuyers from all over the country to relocate. This high demand for property in Thousand Oaks not only suggests growth in the community, it greatly increases the price of homes. As more and more people decide to move to the area, the demand for property improves. Knowing this, sellers can keep raising prices and still attract those that are willing to pay. The average house for sale in Thousand Oaks goes for just about $860,000.00 with and average square foot of about 2,700. The range of property goes anywhere from $300,000 to $25,000,000.
To help keep Thousand Oaks a place of luxury with luscious landscapes, the City Council elected to stop further new purchases of open land within the city limits. A few current constructions will continue to take place and finish around 2010. After these constructions are finished, a contractor must spend $100,000 just so that he can get an appeal to the city of Thousand Oaks. Once he has done that, the citizens of Thousand Oaks can elect whether or not they approve of his contract. This decision from the City Council to stop further purchases of open land will also increase prices of current property for sale. There will be more of a demand to purchase some sort of land in this much desired area.
There are numerous people who think, “How crazy to spend that much for a piece of property.” The truth of the matter is, there are people out there that will. Combined with its location, landscapes and luxury, Thousand Oaks’ ability to attract generous buyers will continue to prevail.
This article pertains to data received around 07/01/05. For more information on moving to Thousand Oaks, please contact us!
Ryan Mills
The M & M Team
Prudential California Realty
Specializing in buying and selling real estate in the Conejo Valley, Thousand Oaks, Agoura, Oak Park, Newbury Park, Moorpark and Simi Valley areas.
(818) 917-7782
www.TheMMTeam.com
Ryan@TheMMTeam.com
