Luxury Report
Ventura County Residential | Q2 2021
RESIDENTIAL LUXURY REPORT livsothebysrealtyca.com
JANUARY - JUNE 2021
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livsothebysrealtyca.com
V E N T URA COU N T Y R ESID E NT IA L
LUXU RY RE PO RT 8577 Liveoak Avenue,, Santa Paula. Offered by LIV Sotheby’s International Realty.
IN T RO DUCT ION When it comes to real estate, the luxury sector of the market can perform independently from the rest of the marketplace. Depending on the region, the current state of the economy, and various other factors that can influence the housing market, trends for higher-priced homes may fluctuate. Staying in the know with the latest market information helps consumers understand how to use the real estate market to help them reach their real estate and lifestyle goals. To assist you in making intelligent real estate decisions, LIV Sotheby’s International Realty, Ventura County’s leading luxury real estate brokerage, produces a quarterly Residential Luxury Report. In this issue we compare metrics from January through June of this year to the previous year, measuring the performance of luxury real estate markets with a sale value of $1,000,000 and above in some of California’s most popular communities. LIV Sotheby’s International Realty is committed to helping consumers make sound financial decisions when purchasing or selling a luxury home.
V EN T URA COUNT Y G ROSS STATI STI CS JANUARY - JUNE Number of Properties Sold Average Price per Square Foot Average Days on Market Highest Price Total Dollar Volume
2017
2018
2019
2020
2021
% Change '20-'21
476
508
439
456
1085
137.9%
$441
$457
$454
$484
$549
13.4%
137
129
119
122
55
-54.9%
$15,850,000
$6,000,000
$9,400,000
$9,995,000
$12,500,000
25.1%
$762,334,364
$797,490,608
$680,071,609
$754,997,029
$1,862,423,087
146.7%
These figures are reflective of Ventura County only based all or in part on information provided to the Ventura County Regional Data Share. Information above is not representative of Santa Barbara or Los Angeles counties. Property featured on front cover: 12216 Linda Flora Drive, Ojai. Property featured on back cover: 1188 Carne Road, Ojai. All properties represented by LIV Sotheby’s International Realty.
RESIDENTIAL LUXURY REPORT livsothebysrealtyca.com
JANUARY - JUNE 2021
2020
2021
% CHANGE
3
6
100.0%
$1,324
$2,091
57.9%
212
72
-66.0%
$3,855,000
$5,125,000
32.9%
Average List Price
$4,131,667
$3,838,333
-7.1%
Average Sale Price
$3,711,666
$3,885,000
4.7%
85.21%
99.63%
16.9%
$11,135,000
$23,310,000
109.3%
2020
2021
% CHANGE
13
34
161.5%
$640
$1,002
56.6%
63
38
-39.7%
$1,925,000
$5,000,000
159.7%
Average List Price
$1,463,154
$1,879,176
28.4%
Average Sale Price
$1,375,961
$1,910,913
38.9%
93.64%
102.20%
9.1%
$17,887,500
$64,971,074
263.2%
2020
2021
% CHANGE
28
39
39.3%
$511
$566
10.8%
132
64
-51.5%
$1,760,000
$2,415,000
37.2%
Average List Price
$1,377,570
$1,455,051
5.6%
Average Sale Price
$1,328,748
$1,444,602
8.7%
92.22%
98.09%
6.4%
$37,204,949
$56,339,500
51.4%
2020
2021
% CHANGE
3
0
-100.0%
$361.87
0
-100.0%
586
0
-100.0%
Highest Price
$1,836,473
0
-100.0%
Average List Price
$1,877,667
0
-100.0%
Average Sale Price
$1,768,824
0
-100.0%
94.20%
0.00%
-100.0%
$5,306,473
0
-100.0%
N O RTH BE ACH
JANUARY - JUNE Number of Properties Sold Average Sold Price per Square Foot Average Days on Market Highest Price
% Sold Price to List Price Total Dollar Volume
SOUTH BE ACH
JANUARY - JUNE Number of Properties Sold Average Sold Price per Square Foot Average Days on Market Highest Price
% Sold Price to List Price Total Dollar Volume
JANUARY - JUNE
VENTURA HILLSIDE
Number of Properties Sold Average Sold Price per Square Foot Average Days on Market Highest Price
% Sold Price to List Price Total Dollar Volume
JANUARY - JUNE
SAD DLE MOUNTAI N
Number of Properties Sold Average Sold Price per Square Foot Average Days on Market
% Sold Price to List Price Total Dollar Volume
livsothebysrealtyca.com
2020
2021
% CHANGE
4
4
0.0%
$434.03
$578.97
33.4%
86
145
68.6%
Highest Price
$1,975,000
$3,350,000
69.6%
Average List Price
$1,771,250
$2,866,250
61.8%
Average Sale Price
$1,735,125
$2,665,000
53.6%
98.21%
93.75%
-4.5%
$6,940,500
$10,660,000
53.6%
2020
2021
% CHANGE
18
34
88.9%
$675.39
$771.90
14.3%
119
67
-43.7%
$3,350,000
$7,500,000
123.9%
Average List Price
$1,761,056
$2,008,588
14.1%
Average Sale Price
$1,704,083
$2,037,088
19.5%
96.07%
100.91%
5.0%
$30,673,500
$69,261,000
125.8%
JANUARY - JUNE
RA N CHO MATILIJA
Number of Properties Sold Average Sold Price per Square Foot Average Days on Market
% Sold Price to List Price Total Dollar Volume
OJAI PRO P E R
JANUARY - JUNE Number of Properties Sold Average Sold Price per Square Foot Average Days on Market Highest Price
% Sold Price to List Price Total Dollar Volume
270 Lincoln Drive, Ventura. Offered by LIV Sotheby’s International Realty.
RESIDENTIAL LUXURY REPORT livsothebysrealtyca.com
JANUARY - JUNE 2021
2020
2021
% CHANGE
11
12
9.1%
$1,029.73
$835.58
-18.9%
122
239
95.9%
Highest Price
$3,100,000
$4,900,000
58.1%
Average List Price
$2,455,364
$3,057,333
24.5%
Average Sale Price
$2,322,576
$2,932,667
26.3%
93.24%
102.42%
9.8%
$25,548,333
$35,192,000
37.7%
2020
2021
% CHANGE
5
28
460.0%
$651
$726
11.5%
103
27
-73.8%
JANUARY - JUNE
E AST E N D OJA I
Number of Properties Sold Average Sold Price per Square Foot Average Days on Market
% Sold Price to List Price Total Dollar Volume
JANUARY - JUNE
MANDALAY SHORES
Number of Properties Sold Average Sold Price per Square Foot Average Days on Market Highest Price
$5,100,000
$7,450,000
46.1%
Average List Price
$2,250,177
$1,827,324
-18.8%
Average Sale Price
$2,141,999
$1,857,537
-13.3%
94.81%
104.64%
10.4%
$10,709,999
$52,011,046
385.6%
2020
2021
% CHANGE
11
28
154.5%
$478
$690
44.4%
146
66
-54.8%
$1,800,000
$2,700,000
50.0%
Average List Price
$1,588,173
$1,749,382
10.2%
Average Sale Price
$1,498,454
$1,741,223
16.2%
90.86%
99.78%
9.8%
$16,483,000
$48,754,250
195.8%
2020
2021
% CHANGE
8
15
87.5%
$833
$918
10.2%
107
51
-52.3%
$2,100,000
$4,050,000
92.9%
Average List Price
$1,743,875
$1,977,167
13.4%
Average Sale Price
$1,633,750
$1,929,866
18.1%
90.62%
97.17%
7.2%
$13,070,000
$28,948,000
121.5%
% Sold Price to List Price Total Dollar Volume
JANUARY - JUNE
S EABRIDGE
Number of Properties Sold Average Sold Price per Square Foot Average Days on Market Highest Price
% Sold Price to List Price Total Dollar Volume
H OL LYWOOD BEAC H
JANUARY - JUNE Number of Properties Sold Average Sold Price per Square Foot Average Days on Market Highest Price
% Sold Price to List Price Total Dollar Volume
livsothebysrealtyca.com
2020
2021
% CHANGE
7
8
14.3%
$594
$771
29.8%
187
53
-71.7%
$2,494,000
$2,575,000
3.2%
Average List Price
$1,735,571
$1,580,866
-8.9%
Average Sale Price
$1,578,214
$1,613,568
2.2%
90.37%
104.05%
15.1%
$11,047,500
$12,908,550
16.8%
2020
2021
% CHANGE
4
8
100.0%
$286
$350
22.4%
100
21
-79.0%
Highest Price
$1,149,000
$1,450,000
26.2%
Average List Price
$1,083,500
$1,253,750
15.7%
Average Sale Price
$1,071,000
$1,266,625
18.3%
95.39%
101.03%
5.9%
$4,284,000
$10,133,000
136.5%
2020
2021
% CHANGE
7
9
28.6%
$389
$407
4.6%
217
207
-4.6%
Highest Price
$2,750,000
$3,475,000
26.4%
Average List Price
$1,909,843
$2,391,556
25.2%
Average Sale Price
$1,855,585
$2,324,222
25.3%
95.06%
97.78%
2.9%
$12,989,100
$20,918,000
61.0%
2020
2021
% CHANGE
21
22
4.8%
$411
$432
5.1%
98
41
-58.2%
$3,300,000
$2,887,500
-12.5%
Average List Price
$1,477,895
$1,467,343
-0.7%
Average Sale Price
$1,422,547
$1,473,791
3.6%
95.94%
99.19%
3.4%
$29,873,500
$32,423,416
8.5%
JANUARY - JUNE
SILV E R STRA N D
Number of Properties Sold Average Sold Price per Square Foot Average Days on Market Highest Price
% Sold Price to List Price Total Dollar Volume
JANUARY - JUNE
STERLING HILLS
Number of Properties Sold Average Sold Price per Square Foot Average Days on Market
% Sold Price to List Price Total Dollar Volume
JANUARY - JUNE
SPANISH HILLS
Number of Properties Sold Average Sold Price per Square Foot Average Days on Market
% Sold Price to List Price Total Dollar Volume
JANUARY - JUNE
LAS POSAS ESTATES
Number of Properties Sold Average Sold Price per Square Foot Average Days on Market Highest Price
% Sold Price to List Price Total Dollar Volume
RESIDENTIAL LUXURY REPORT livsothebysrealtyca.com
JANUARY - JUNE 2021
P IN N ACLE & CA LA ROSA RA N CH
2020
2021
% CHANGE
4
8
100.0%
$341
$401
17.6%
81
18
-77.8%
$1,850,000
$2,220,000
20.0%
Average List Price
$1,759,750
$1,833,613
4.2%
Average Sale Price
$1,722,500
$1,938,737
12.6%
97.87%
103.72%
6.0%
$6,890,000
$15,509,900
125.1%
2020
2021
% CHANGE
10
29
190.0%
$380
$462
21.6%
150
78
-48.0%
$2,045,000
$4,995,000
144.3%
Median List Price
$1,421,600
$1,854,257
30.4%
Median Sale Price
$1,396,100
$1,809,327
29.6%
96.00%
96.80%
0.8%
$13,961,000
$52,470,500
275.8%
2020
2021
% CHANGE
7
7
0.0%
$416
$458
10.1%
151
242
60.3%
$2,050,000
$3,685,000
79.8%
Median List Price
$1,471,286
$2,197,429
49.4%
Median Sale Price
$1,391,428
$2,052,357
47.5%
93.71%
92.79%
-1.0%
$9,740,000
$14,366,500
47.5%
2020
2021
% CHANGE
110
223
102.7%
$513
$586
14.2%
107
56
-47.7%
$7,250,000
$12,500,000
72.4%
Median List Price
$1,872,367
$2,115,959
13.0%
Median Sale Price
$1,808,267
$2,099,381
16.1%
95.28%
99.64%
4.6%
$198,909,378
$468,161,969
135.4%
JANUARY - JUNE Number of Properties Sold Average Sold Price per Square Foot Average Days on Market Highest Price
% Sold Price to List Price Total Dollar Volume
SANTA ROSA VALLEY
JANUARY - JUNE Number of Properties Sold Median Sold Price per Square Foot Average Days on Market Highest Price
% Sold Price to List Price Total Dollar Volume
JANUARY - JUNE Number of Properties Sold
SOMIS
Median Sold Price per Square Foot Average Days on Market Highest Price
% Sold Price to List Price Total Dollar Volume
JANUARY - JUNE
WESTLAKE VILL AGE
Number of Properties Sold Median Sold Price per Square Foot Average Days on Market Highest Price
% Sold Price to List Price Total Dollar Volume
livsothebysrealtyca.com
2020
2021
% CHANGE
6
8
33.3%
$1,110
$1,134
2.2%
198
76
-61.6%
$3,690,000
$5,400,000
46.3%
Average List Price
$2,223,333
$2,406,125
8.2%
Average Sale Price
$2,077,182
$2,303,000
10.9%
86.11%
95.78%
11.2%
$12,463,092
$18,424,000
47.8%
2020
2021
% CHANGE
15
30
100.0%
$815
$1,148
40.9%
66
103
56.1%
$6,800,000
$2,300,000
-66.2%
Median List Price
$2,010,005
$3,439,693
71.1%
Median Sale Price
$1,938,808
$3,407,226
75.7%
94.85%
96.99%
2.3%
$29,082,129
$102,216,809
251.5%
2020
2021
% CHANGE
50
107
114.0%
$946
$1,458
54.1%
199
108
-45.7%
$11,250,000
$45,000,000
300.0%
Average List Price
$4,501,874
$7,346,279
63.2%
Average Sale Price
$4,077,161
$7,073,897
73.5%
89.05%
96.40%
8.3%
$203,858,069
$735,685,325
260.9%
2020
2021
% CHANGE
305
610
100.0%
$842
$1,041
23.6%
97
43
-55.7%
$11,000,000
$25,373,227
130.7%
Median List Price
$2,194,749
$2,734,782
24.6%
Median Sale Price
$2,081,169
$2,750,845
32.2%
94.83%
101.55%
7.1%
$634,756,763
$1,678,015,823
164.4%
WEST MA LIBU
JANUARY - JUNE Number of Properties Sold Average Sold Price per Square Foot Average Days on Market Highest Price
% Sold Price to List Price Total Dollar Volume
CARPINTE RIA
JANUARY - JUNE Number of Properties Sold Median Sold Price per Square Foot Average Days on Market Highest Price
% Sold Price to List Price Total Dollar Volume
MONTECITO
JANUARY - JUNE Number of Properties Sold Average Sold Price per Square Foot Average Days on Market Highest Price
% Sold Price to List Price Total Dollar Volume
JANUARY - JUNE
SANTA BARBARA
Number of Properties Sold Median Sold Price per Square Foot Average Days on Market Highest Price
% Sold Price to List Price Total Dollar Volume
RESIDENTIAL LUXURY REPORT livsothebysrealtyca.com
JANUARY - JUNE 2021
12216 Linda Flora Drive, Ojai. Offered by LIV Sotheby’s International Realty.
livsothebysrealtyca.com | 9342 N. Ojai Road, Ojai, California 554 E Main Street, Ventura • 805.641.0125 | 727 W Ojai Avenue, Ojai • 805.646.7288 | Cal DRE 01904034 Each Office is Independently Owned and Operated.
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where the grass is greener
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livsothebysrealtyca.com
Based on Information from VCRDS, OVMLS and SBMLS. This representation is based in whole or in part on data supplied by VCRDS, OVMLS and SBMLS and reciprocating data shares. LIV Sotheby’s International Realty, VCRDS, OVMLS and SBMLS do not guarantee nor is in any way responsible for its accuracy. Data maintained by VCRDS, OVMLS and SBMLS may not reflect all real estate activity in the market. Data pulls executed 07/05/21 - 7/07/21.