Q2 2020 | Ventura & Northern LA County Market Update

Q2 | 2020

Ventura & Northern LA County

Market Update

VENTURA

3078SolimarBeach.com Offered at $5,500,000

Brokerages Serving Los Angeles & Ventura Counties westlake village

805.495.2000

sothebysrealty.com

channel islands

805.382.8200

All data within this document is pulled from FLEX MLS as of 6/30/20. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks used with permission. Operated by Sotheby’s International Realty, Inc. Real estate agents affiliated with Sotheby’s International Realty, Inc. are independent contractor sales associates and are not employees of Sotheby’s International Realty, Inc. Equal housing opportunity. SIR DRE: 899496

a message from

Annette Berger

Senior Vice President, Brokerage Manager As we continue to navigate these unprecedented times, the health and safety of our community is our top priority. We quickly adapted to conduct business and support our clients looking to buy, sell or rent homes by holding virtual showings, virtual open houses and utilizing other virtual technologies including video and Matterport tours.

We invite you to review a summary of sales activity in the Los Angeles and Ventura County areas during the second quarter of 2020, based on closed production from April - June 2020. The FLEX MLS reports the following market data for this quarter, which is compared here for the same period of 2019.

Closed sales from the second quarter do not tell a complete story regarding the housing recovery in our communities. Heading into the third quarter, we wanted to bring your attention to additional positive indicators: • • •

Compared to last year average selling price increased 4.7%, from $877K to $918K. Channel Islands had a 75% increase in units sold, from 32 to 56 units, compared to last year.

Average days on market decreased 13.9%, from 58 days to 49 days year over year.

Like always, we are committed to providing the highest quality service and will to continue to support our clients with a suite of virtual marketing tools that are proving effective with buyers today.

We hope you find this market report to be a valuable resource and we look forward to working with you to meet your real estate needs. If you have any questions about our current market, please do not hesitate to reach out to me or any of our associates at 805.495.2000.

sothebysrealty.com

dre

email

phone

01022168

annette.berger@sir.com

805.495.2000

WESTLAKE VILLAGE

5296IslandForest.com Offered at $3,495,000

06 08

Agoura Hills

12

16

22 24 26 28 30

Calabasas Camarillo Channel Islands (Oxnard)

18 20

Featured Properties Market Snapshot | All Areas

10

14

Northern LA & Ventura County

Lake Sherwood Moorpark/Simi Valley Oak Park

Thousand Oaks/Newbury Park Ventura

Westlake Village Extraordinary Results

Featured Properties

LAKE SHERWOOD

808EastCarlisleRoad.com Offered at $3,330,000

CALABASAS

Offered at $2,149,000 26050MulhollandHighway.com AGOURA HILLS

Offered at $2,250,000 5709Fairview.com CAMARILLO

Offered at $1,595,000 1525RamonaDrive.com THOUSAND OAKS

Offered at $869,900 2826SilkOak.com *in order from left to right, top to bottom

sothebysrealty.com

7

/ Featured Properties / LA &Ventura County Q2 Market Update

Market Snapshot

Los Angeles & Ventura County | Q2 2020

Sold pshot

Units vs ASP - Mkt Snapshot Agoura Hills

Calabasas

Westlake Village

$940,000

1,800

$920,000

1,600

1,400

$900,000

Ventura

1,200

Camarillo

$880 ,000 1,000 $860,000 800

Channel Islands

Thousand Oaks/Newbury Park

$840 ,000 600

Lake Sherwood Simi Valley & Moorpark

$820,000

400

$800,000

20 0

$780,000

0

2016

Oak Park

Total Units Sold 26 34 168 56 2 23 294 188 147 69

2017

2018

2019

Average Selling Price vs. Total Units Sold

Agoura Hills

Average Selling Price

Calabasas

Total Units Sold

Camarillo Channel Islands Lake Sherwood Oak Park Moorpark/Simi Valley Thousand Oaks/Newbury Park Ventura Westlake Village

2020

Comparison

by Neighborhood ASP - Market Snapshot

Agoura Hills, Calabasas, Camarillo, Channel Islands, Lake Sherwood, Moorpark/Simi Valley, Oak Park, Thousand Oaks/ Newbury Park, Ventura, and Westlake Village

$2,500,000

$2,000,000 $2,000,000

$1,500,000 $1,500,000

$1,000,000 $1,000,000

$500,000 $500,000

$-

$Agoura Calabasas Camarillo Channel Lake Moorpark/ Hills Islands Sherwood Simi Valley

Oak Thousand Ventura Westlake Park Oaks/ Village Newbury Park

Average Selling Price Q2 2020 1m $ 1.9m $ 788k $

Agoura Hills Calabasas Camarillo

955k $ 1.5m $ 717k

$

Channel Islands Lake Sherwood Moorpark/Simi Valley

9

/ Q2 Highlights /

927k $ 1m $ 771k $ 1.5m

$

Oak Park Thousand Oaks/Newbury Park Ventura Westlake Village

LA &Ventura County Q2 Market Update

at a glance {Q2 | 2020}

agoura hills

-1

%

Change in Average Selling Price {2020 v 2019}

-62

%

Change in Units Sold {2020 v 2019}

26 Units Sold

1

$ m Average Selling Price

|

Average SellingUnits Price Total Units Sold vs ASP $1,200,000

90 80

$1,150,000

70 60

$1,100,000

50 40

$1,050,000

30 20

$1,000,000

10 $950,000

0

2016

2017

2018

2019

Average Selling Price

2020

Total Units Sold

About

Agoura Hills As the gateway to the Santa Monica Mountains National Recreation Area in northern Los Angeles County, Agoura Hills and Calabasas are home to some of Hollywood’s premiere celebrities, due in part to its private landscape, rolling hills and ample open space. sothebysrealty.com

{ALP vs ASP}

Average Average Discount Median Total Average Days List Price Selling Price Ratio Selling Price Units Sold on Market {2020 v 2019}

Change

1%

-1%

-

-8%

-62%

-17%

2020

$1,081,359

$1,049,438

3%

$887,500

26

42

2019

$1,074,721

$1,061,545

1%

$960,000

68

51

2018

$1,211,834

$1,164,836

4%

$1,043,000

73

82

2017

$1,178,278

$1,150,499

2%

$1,060,000

69

57

2016

$1,041,478

$1,024,603

2%

$900,000

82

59

11

/ Agoura Hills /

LA &Ventura County Q2 Market Update

|

Average SellingUnits Price Total Units Sold vs ASP $1,950,000

100

$1,900,000

90

$1,850,000

80 70

$1,800,000

60

$1,750,000

50

$1,700,000

40

$1,650,000

30

$1,600,000

20

$1,550,000

10

$1,500,000

0

2016

2017

2018

2019

Average Selling Price

2020

Total Units Sold

About

Calabasas Calabasas, the youngest city in Los Angeles County, has a longstanding commitment to preserving the community’s natural beauty and semirural quality of life. The city serves as a national leader in environmental and public health issues. sothebysrealty.com

Average Average Selling List Price Price

{ALP vs ASP}

8%

5%

-

25%

-56%

17%

2020

$2,051,938

$1,918,133

7%

$1,637,500

34

59

2019

$1,901,970

$1,828,537

4%

$1,310,000

78

51

2018

$1,780,655

$1,732,045

3%

$1,435,000

85

47

2017

$1,747,296

$1,674,690

4%

$1,296,500

87

49

2016

$1,691,263

$1,649,828

2%

$1,432,500

88

47

Discount Median Total Average Days Ratio Selling Price Units Sold on Market

{2020 v 2019}

Change

LA &Ventura County Q2 Market Update / Calabasas / 12

at a glance {Q2 | 2020}

calabasas

5

%

Change in Average Selling Price {2020 v 2019}

-56

%

Change in Units Sold {2020 v 2019}

34 Units Sold

1.9m

$

Average Selling Price

at a glance {Q2 | 2020}

camarillo

12

%

Change in Average Selling Price {2020 v 2019}

-14

%

Change in Units Sold {2020 v 2019}

168 Units Sold

798k

$

Average Selling Price

|

Average Selling Price Total Units Sold Units vs ASP

$800,000

300

$780,000

250

$760,000 $740,000

200

$720,000 $700,000

150

$680,000

100

$660,000 $640,000

50

$620,000 $600,000

0

2016

2017

2018

2019

2020

Average Selling Price

Total Units Sold

About

Camarillo Camarillo is a thriving community in the heart of Ventura County. Situated on the Oxnard Plain, just nine miles from the Pacific Ocean, Camarillo offers an appealing mixture of rural and suburban lifestyles. With more than 300 sunny days annually and an average temperature in the low 70s, Camarillo’s climate is hard to beat. sothebysrealty.com

{ALP vs ASP}

Average Average Discount Median Total Average Days List Price Selling Price Ratio Selling Price Units Sold on Market {2020 v 2019}

Change

11%

12%

-

10%

-14%

-28%

2020

$798,719

$788,893

1%

$684,500

168

48

2019

$718,837

$706,868

2%

$620,250

196

66

2018

$730,856

$722,352

1%

$642,650

216

50

2017

$712,922

$708,040

1%

$619,000

227

53

2016

$673,114

$663,839

1%

$580,000

254

68

15

/ Camarillo /

LA &Ventura County Q2 Market Update

|

Average SellingUnits Price Total Units Sold vs ASP $1,400,000

60

$1,200,000

50

$1,000,000

40

$800,000 30 $600,000 20

$400,000

10

$200,000 $-

0

2016

2017

2018

2019

Average Selling Price

2020

Total Units Sold

About

Channel Islands (Oxnard) For the surfer, boater, or avid beachcomber, this seaside community offers miles of sandy beaches, surf breaks, sport fishing, kayaking, whale-watching and is the gateway to the Channel Island National Park. Walk to bike paths, local amenities, or Sunday Farmers Market from any of the beach or marina neighborhoods. sothebysrealty.com

{ALP vs ASP}

Average Average Discount Median Total Average Days List Price Selling Price Ratio Selling Price Units Sold on Market {2020 v 2019}

Change

-22%

-22%

-

-21%

75%

-31%

2020

$994,780

$955,127

4%

$789,000

56

65

2019

$1,268,029

$1,232,306

3%

$1,003,500

32

94

2018

$1,268,535

$1,227,774

3%

$1,122,500

36

78

2017

$1,142,679

$1,103,808

3%

$992,500

50

96

2016

$1,290,136

$1,220,875

5%

$981,250

36

84

LA &Ventura County Q2 Market Update / Channel Islands / 16

at a glance {Q2 | 2020}

channel islands

-22

%

Change in Average Selling Price {2020 v 2019}

75

%

Change in Units Sold {2020 v 2019}

56 Units Sold

994k

$

Average Selling Price

at a glance {Q2 | 2020}

lake sherwood

-1

%

Change in Average Selling Price {2020 v 2019}

100

%

Change in Units Sold {2020 v 2019}

2

Units Sold

1.5m

$

Average Selling Price

|

Average SellingUnits Price Total Units Sold vs ASP $3,000,000

9 8

$2,500,000

7

$2,000,000

6 5

$1,500,000

4

$1,000,000

3 2

$500,000

1

$-

0

2016

2017

2018

2019

Average Selling Price

2020

Total Units Sold

About

Lake Sherwood Surrounded by beauty and overflowing with family fun, Lake Sherwood offers a warm environment that invites you to enjoy golf, tennis, boating, swimming and back-country style living. sothebysrealty.com

{ALP vs ASP}

Average Average Discount Median Total Average Days List Price Selling Price Ratio Selling Price Units Sold on Market {2020 v 2019}

Change

-1%

-1%

-

-1%

100%

-322%

2020

$1,522,000

$1,525,000

0%

$1,525,000

2

36

2019

$1,540,000

$1,540,000

0%

$1,540,000

1

16

2018

$2,187,000

$2,020,000

8%

$2,200,000

4

88

2017

$3,019,750

$2,795,500

7%

$2,281,000

4

84

2016

$1,615,350

$1,578,100

2%

$1,524,900

8

52

19

/ Lake Sherwood / LA &Ventura County Q2 Market Update

|

Average Selling Price Total Units Sold Units vs ASP

$740,000

600

$720,000

500

$700,000 $680,000

400

$660,000

300

$640,000 $620,000

200

$600,000

100

$580,000 $560,000

0

2016

2017

2018

2019

Average Selling Price

2020

Total Units Sold

About

Moorpark/Simi Valley Moorpark and Simi Valley are situated in the south east part of Ventura County and feature a seemingly endless amount of hiking and equestrian trails. These two cities feature the perfect balance of rural charm and the convenience of city living. sothebysrealty.com

{ALP vs ASP}

Average Average Discount Median Total Average Days List Price Selling Price Ratio Selling Price Units Sold on Market {2020 v 2019}

Change

3%

3%

-

4%

-40%

-17%

2020

$723,786

$717,980

1%

$663,000

294

40

2019

$703,710

$696,246

1%

$640,000

489

49

2018

$713,918

$708,406

1%

$640,000

453

40

2017

$686,943

$681,590

1%

$617,000

480

47

2016

$618,701

$612,838

1%

$559,000

450

54

LA &Ventura County Q2 Market Update / Moorpark/Simi Valley / 20

at a glance {Q2 | 2020}

moorpark/simi valley

3

%

Change in Average Selling Price {2020 v 2019}

-40

%

Change in Units Sold {2020 v 2019}

294

Units Sold

723k

$

Average Selling Price

at a glance {Q2 | 2020}

oak park

-10

%

Change in Average Selling Price {2020 v 2019}

-28

%

Change in Units Sold {2020 v 2019}

23 Units Sold

922k

$

Average Selling Price

|

Average Selling Price Total Units Sold Units vs ASP

$1,150,000

45 40

$1,100,000

35

$1,050,000

30

$1,000,000

25

$950,000

20 15

$900,000

10

$850,000

5

$800,000

0

2016

2017

2018

2019

Average Selling Price

2020

Total Units Sold

About

Oak Park Nestled in the foothills of the Santa Monica Mountains, Oak Park, is an unincorporated community within Ventura County that offers dazzling sunset views, great hiking trails and is only a 20 minute drive to the coast. This rural community gives residents the seclusion of country living with the convenience of a modern small town. sothebysrealty.com

{ALP vs ASP}

Average Average Discount Median Total Average Days List Price Selling Price Ratio Selling Price Units Sold on Market {2020 v 2019}

Change

-12%

-10%

-

-8%

-28%

7%

2020

$922,303

$927,735

-1%

$860,000

23

43

2019

$1,044,444

$1,033,450

1%

$930,000

32

40

2018

$1,110,289

$1,102,638

1%

$1,017,500

28

38

2017

$957,399

$955,947

0%

$870,000

39

44

2016

$941,569

$926,545

2%

$840,000

29

39

23

/ Oak Park /

LA &Ventura County Q2 Market Update

|

Average SellingUnits Price Total Units Sold vs ASP $1,200,000

400 350

$1,000,000

300 $800,000

250

$600,000

200 150

$400,000

100 $200,000

50

$-

0

2016

2017

2018

2019

Average Selling Price

2020

Total Units Sold

About

Thousand Oaks/Newbury Park The City of Thousand Oaks is a premiere community recognized for being one of the most desirable places in all of California to live, work, recreate, and raise a family. Over 15,000 acres of natural publicly owned open space located within the City’s boundaries. Thousand Oaks is rated among the top safest cities in the Nation. sothebysrealty.com

{ALP vs ASP}

Average Average Discount Median Total Average Days List Price Selling Price Ratio Selling Price Units Sold on Market {2020 v 2019}

Change

18%

13%

-

0%

-38%

-14%

2020

$1,088,801

$1,029,741

5%

$806,000

188

50

2019

$925,836

$911,022

2%

$810,000

301

58

2018

$842,541

$833,118

1%

$757,500

330

44

2017

$834,670

$825,314

1%

$759,000

337

50

2016

$819,001

$805,343

2%

$735,000

369

58

LA &Ventura County Q2 Market Update / Thousand Oaks/Newbury Park / 24

at a glance {Q2 | 2020}

thousand oaks

13

%

Change in Average Selling Price {2020 v 2019}

-38

%

Change in Units Sold {2020 v 2019}

188 Units Sold

1

$ m Average Selling Price

at a glance {Q2 | 2020}

ventura

13

%

Change in Average Selling Price {2020 v 2019}

-38

%

Change in Units Sold {2020 v 2019}

147 Units Sold

794k

$

Average Selling Price

|

Average SellingUnits Price Total Units Sold vs ASP $800,000

300

$780,000 250

$760,000 $740,000

200

$720,000 $700,000

150

$680,000 $660,000

100

$640,000 $620,000

50

$600,000 $580,000

0

2016

2017

2018

2019

Average Selling Price

2020

Total Units Sold

About

Ventura A California coastal city, Ventura is known for its beaches, long Ventura Pier, San Buenaventura Mission with it’s church that was built in 1809 and Surfer’s Point - popular for surfing and windsurfing. sothebysrealty.com

{ALP vs ASP}

Average Average Discount Median Total Average Days List Price Selling Price Ratio Selling Price Units Sold on Market {2019 v 2018}

Change

14%

3%

-

6%

-38%

-7%

2020

$794,374

$771,739

3%

$675,000

147

55

2019

$698,833

$682,848

2%

$639,000

239

60

2018

$778,285

$761,606

2%

$629,000

177

45

2017

$681,386

$669,156

2%

$589,000

211

50

2016

$669,356

$652,761

2%

$575,500

220

61

27

/ Ventura /

LA &Ventura County Q2 Market Update

|

Average SellingUnits Price Total Units Sold vs ASP $1,600,000

120

$1,550,000

100

$1,500,000

80

$1,450,000

60

$1,400,000

40

$1,350,000

20

$1,300,000

0

2016

2017

2018

2019

Average Selling Price

2020

Total Units Sold

About

Westlake Village Breathtaking blue waters of Westlake Lake, lush rolling pastures of horse country and a lively array of leisure activities ranging from biking or hiking to golfing and horse-back riding on the seemingly limitless amount of trails. sothebysrealty.com

{ALP vs ASP}

Average Average Discount Median Total Average Days List Price Selling Price Ratio Selling Price Units Sold on Market {2020 v 2019}

Change

0%

-1%

-

-6%

-18%

11%

2020

$1,563,307

$1,496,622

4%

$1,265,000

69

60

2019

$1,557,095

$1,514,194

3%

$1,350,000

84

54

2018

$1,636,560

$1,577,561

4%

$1,210,000

109

58

2017

$1,445,471

$1,405,806

3%

$1,075,000

103

63

2016

$1,510,106

$1,341,677

3%

$1,150,000

113

77

LA &Ventura County Q2 Market Update / Westlake Village / 28

at a glance {Q2 | 2020}

westlake village

-1

%

Change in Average Selling Price {2020 v 2019}

-18

%

Change in Units Sold {2020 v 2019}

69 Units Sold

1.5m

$

Average Selling Price

Extraordinary Results We celebrate the notable success of our associates and clients

AGOURA HILLS

29453Mulholland.com Sold at $2,489,000

AGOURA HILLS

Sold at $1,458,000 SaddlebrookDrive.com ENCINO

Sold at $1,457,000 15844ValleyVista.com SIMI VALLEY

Sold at $1,355,000 4785Westwood.com AGOURA HILLS

Sold at $1,218,000 5703Toth.com *in order from left to right, top to bottom

sothebysrealty.com

31

/ Significant Sales /

LA &Ventura County Q2 Market Update

PHOTO BY GIAMMARCO BOSCARO ON UNSPLASH

w i n e i s a n e v e r- e n d i n g j o u r n e y. sothebyswine.com

AUCTION • RETAIL • ADVISORY New York Hong Kong London

AUCTION • RETAIL • ADVISORY New York Hong Kong London