Released on = May 2, 2006, 2:28 pm

Press Release Author = Western Real Estate

Industry = Real Estate

Press Release Summary = An shock to home sellers and opportunities for home buyers
in Ventura County, Simi Valley, Moorpark Area.

Press Release Body = Simi Valley, CA (May 2 2006) - Sales of existing homes edged up
in March following a strong rebound in February, according to Western Real Estate
Services of Simi Valley, CA.

Total existing-home sales - including single-family, town homes, condominiums and
co-ops - rose 0.3 percent to a seasonally adjusted annual rate1 of 6.92 million
units in March from a pace of 6.90 million in February, but were 0.7 percent below a
6.97 million-unit level in March 2005.

Jim R. Wick, Western Real Estate\'s Broker/Owner, said sales are leveling out. "It\'s
a good sign to see home sales holding close to the level of a strong rebound in the
month before," he said. "This is additional evidence that we\'re experiencing a soft
landing. We may see some minor slowing in home sales as interest rates rise, but the
market clearly is stabilizing." Wick expects 2006 to be the third strongest year on
record for home sales.

To View Existing Home Sales Data:
Visit Western Real Estate Services online at www.westernrealestateca.com . You will
find local home sales and data for Moorpark Real Estate, Simi Valley Real Estate,
Conejo Valley Real Estate, Westlake and Ventura County Real Estate.

Search current home sales and undated property listings online or call (800)
732-1969 for a free marketing analysis or home search www.101homesearch.com.

"We offer local information that is challenging to find on most real estate
websites. By offering such search sites for buyers as www.SimiValleyMoorpark.com ,
www.Moorpark-MLS.com , www.SimiValley-MLS.com , www.ThousandOaks-MLS.com , and
www.VenturaCounty-MLS.com , consumers have options to find the home of their dreams
instead of spending countless hours online." - says Corey Wick, Vice President
Western Real Estate Services.

"We now see appreciation cooling to single-digit rates of price growth - another
sign that the market is normalizing," Wick said. The national median existing-home
price2 for all housing types was $218,000 in March, up 7.4 percent from March 2005
when the median was $203,000. The median is a typical market price where half of the
homes sold for more and half sold for less. Historic price data has been revised
back to 1989, including updates to reflect geographic changes over time, but price
patterns are consistent with previously reported data.

Total housing inventory levels rose 7.0 percent at the end of March to 3.19 million
existing homes available for sale, which represents a 5.5-month supply at the
current sales pace.

Corey R. Wick, Vice President, Western Real Estate, said changes in the home market
mean consumers need more professional guidance. "Changing waters require
adjustments, and this is especially true for home sellers in most areas who are now
working with buyers that are on equal footing - it\'s no longer a seller\'s market,"

"Most buyers in today\'s market are educated and have agents that represent their
interests, so sellers need good advice on how to show and market their homes in the
current environment, as well as negotiation skills - critical values that real
estate agents bring to the table."

If you are a home buyer or seller, for an updated list of local websites serving the
Ventura County Area search these Real Estate Sites:

805AREA.COM
HWY101HOMES.COM
101HOMESEARCH.COM
805HOMESEARCH.COM
MOORPARKESTATES.COM
MOORPARKHOMES.NET
MOORPARKHOMEVALUES.COM
MOORPARK-MLS.COM
MOORPARKSIMIVALLEY.COM
ABOUTMOORPARK.COM
ABOUTMOORPARK.NET
SIMIVALLEYHOMEFINDER.NET
SIMIVALLEY-MLS.COM
SIMIVALLEY-WOODRANCH.COM
THOUSANDOAKS-HOMES.COM
THOUSANDOAKS-MLS.COM
THOUSAND-OAKS-REAL-ESTATE
WESTLAKEMLS.COM
VENTURA101.COM
VENTURA-HOME-SEARCH.COM
VENTURASTARHOMES.COM
OXNARD-MLS.COM
RIVERPARKOXNARD.COM

Western Real Estate Services
Simi Valley & Moorpark California
207 West Los Angeles Ave. #170
Moorpark, CA 93021
Ph: (805) 532-1969
Free: (800) 732-1969
Corey@WesternRealEstateCA.com



Web Site = http://www.WesternRealEstateCA.com

Contact Details = Corey R. Wick
207 W. Los Angeles Avenue, #170
Moorpark , 93021
$$country

805-532-1969
AgentMarketing@gmail.com
http://www.WesternRealEstateCA.com