Ventura County Market Update | Q2 2018

Q2 | 2018

Ventura County and Surrounding Areas

Market Update

CAMARILLO

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LAKE SHERWOOD

2102trenthamrd.com Offered at $4,795,000

a message from

Annette Berger

Vice President, Brokerage Manager It is a great pleasure to present the Ventura County and Surrounding Areas Market Update for the second quarter of 2018.

Mortgage rates, even though on the rise, remain very favorable. Tight inventory continues, especially in entry-level price categories, which makes affordability challenging and weakens sales growth.

The results for single-family home sales in Ventura County and surrounding areas for the second quarter of 2018 reflect an increase in average sales price and median sales price in the majority of neighborhoods. The total number of units sold was down in most areas from Q2 2017 (1,154 units) to Q2 2018 (1,082 units).

Days on market decreased again in most areas, due to low inventory.

I hope that you find the information in our quarterly update useful to make an informed decision in the purchase or sale of your next home. I invite you to discover more information online at sothebyshomes.com. If Sotheby’s International Realty can be of service to you, please call me at 805.495.2000 so that I may personally introduce you to a local expert. sothebyshomes.com/ventura

dre

email

phone

01022168

annette.berger@sothebyshomes.com

818.645.7464

Brokerages Serving Ventura County westlake village

805.495.2000

channel islands

805.382.8200

sothebyshomes.com/ventura

montecito coast village road

805.969.9993

santa barbara

805.963.1391

All data within this document is pulled from FLEX MLS as of 7/1/18. 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

Ventura County

and Surrounding Areas

06 08

Market Snapshot | All Areas

10 12 14

20 22 24 26 28

Agoura Hills Calabasas Camarillo

16 18

Featured Properties

Channel Islands (Oxnard) Lake Sherwood Ojai

Thousand Oaks Ventura

Westlake Village Extraordinary Results

Featured Properties We invite you to explore our exclusive offerings at S OTHEBYSHO M E S.CO M / VE N T URA

WESTLAKE VILLAGE

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SANTA CLARITA

Offered at $4,750,000 27270rollinghills.com CALABASAS

Offered at $2,949,000 26832provence.com AGOURA

Offered at $2,175,000 31145lobovista.com OXNARD

Offered at $1,999,999 3373southharbor.com *in order from left to right, top to bottom

sothebyshomes.com/ventura

7

/ Featured Properties / Ventura County Q2 Market Update

Market Snapshot

Ventura County | Q2 2018

Units Sold t Snapshot Units vs ASP - Mkt Snapshot

Westlake Village

Agoura Hills

$1,200,000

Calabasas

1400 1200

$1,000,000

1000

$800,000

Ventura

800

Camarillo

$600,000 600 $400,000

Thousand Oaks

$200,000

Ojai

Total Units Sold 73 85 216 36 5 50 330 177 110

400

Channel Islands Lake Sherwood

200

$-

0

2014

2015

2016

Average Selling Price

Calabasas

Total Units Sold

Channel Islands Lake Sherwood Ojai Thousand Oaks Ventura Westlake Village

2018

Average Selling Price vs. Total Units Sold

Agoura Hills Camarillo

2017

Comparison

by Neighborhood Agoura Hills, Calabasas, Camarillo, Channel Islands, Lake Sherwood, Ojai, Thousand Oaks, Ventura, and Westlake Village

ASP - Market Snapshot

$2,000,000 $1,800,000 $1,600,000 $1,400,000 $1,200,000 $1,000,000 $800,000 $600,000 $400,000 $200,000 $-

Agoura Hills

Calabasas

Camarillo

Channel Islands

Lake Sherwood

Ojai

Thousand Oaks Thousand

Ventura

Oaks/Newbury Park

Westlake Village

Average Selling Price Q2 2018 1.2m $ 1.7m $ 700k $

Agoura Hills Calabasas Camarillo

1.2m $ 1.9 $ 1.2m $

Channel Islands Lake Sherwood Ojai

9

800k $800k $ 1.6m

$

Thousand Oaks Ventura Westlake Village

/ Q2 Highlights / Ventura County Q2 Market Update

at a glance {Q2 | 2018}

agoura hills

1

%

Change in Average Selling Price {2018 v 2017}

6

%

Change in Units Sold {2018 v 2017}

73 Units Sold

1.2m

$

Average Selling Price

|

Average Selling Price Total Units Sold Units 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

2014

2015

2016

2017

Average Selling Price

2018

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 houses some of Hollywood’s premiere celebrities, due in part to its private landscape, rolling hills and ample open space. sothebyshomes.com/ventura

{ALP vs ASP}

Average Average Discount Median Total Average Days List Price Selling Price Ratio Selling Price Units Sold on Market {2018 v 2017}

Change

3%

1%

-

-2%

6%

44%

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

2015

$1,083,889

$1,060,021

2%

$871,500

60

65

2014

$1,056,190

$1,025,405

3%

$767,000

58

87

11

/ Agoura Hills / Ventura County Q2 Market Update

|

Average SellingUnits Price Total Units Sold vs ASP $1,800,000

90

$1,700,000

88 86

$1,600,000

84

$1,500,000

82

$1,400,000

80

$1,300,000

78 76

$1,200,000

74

$1,100,000

72

$1,000,000

70

2014

2015

2016

2017

Average Selling Price

2018

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. sothebyshomes.com/ventura

Average Average Selling List Price Price

{ALP vs ASP}

2%

3%

-

11%

-2%

-4%

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

2015

$1,644,936

$1,596,906

3%

$1,262,500

84

53

2014

$1,424,618

$1,375,336

3%

$1,040,000

76

47

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

{2018 v 2017}

Change

Ventura County Q2 Market Update / Calabasas / 12

at a glance {Q2 | 2018}

calabasas

3

%

Change in Average Selling Price {2018 v 2017}

-2

%

Change in Units Sold {2018 v 2017}

85 Units Sold

1.7m

$

Average Selling Price

at a glance {Q2 | 2018}

camarillo

2

%

Change in Average Selling Price {2018 v 2017}

-5

%

Change in Units Sold {2018 v 2017}

216 Units Sold

700k

$

Average Selling Price

|

Average SellingUnits Price Total Units Sold vs ASP $740,000

300

$720,000

250

$700,000 $680,000

200

$660,000 $640,000

150

$620,000

100

$600,000 $580,000

50

$560,000 $540,000

0

2014

2015

2016

2017

Average Selling Price

2018

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. sothebyshomes.com/ventura

{ALP vs ASP}

Average Average Discount Median Total Average Days List Price Selling Price Ratio Selling Price Units Sold on Market {2018 v 2017}

Change

3%

2%

-

4%

-5%

-6%

2018

$730,856

$722,352

1%

$642,650

216

50

2017

$712,426

$707,571

1%

$618,450

228

53

2016

$670,492

$661,253

1%

$580,000

255

69

2015

$669,387

$655,699

2%

$573,000

237

66

2014

$620,875

$606,396

2%

$540,000

175

62

15

/ Camarillo / 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

2014

2015

2016

2017

Average Selling Price

2018

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. sothebyshomes.com/ventura

{ALP vs ASP}

Average Average Discount Median Total Average Days List Price Selling Price Ratio Selling Price Units Sold on Market {2018 v 2017}

Change

11%

11%

-

13%

-28%

-19%

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

2015

$1,038,053

$993,155

4%

$978,000

42

94

2014

$1,006,637

$949,878

6%

$831,000

47

73

Ventura County Q2 Market Update / Channel Islands / 16

at a glance {Q2 | 2018}

channel islands

11

%

Change in Average Selling Price {2018 v 2017}

-28

%

Change in Units Sold {2018 v 2017}

36 Units Sold

1.2m

$

Average Selling Price

at a glance {Q2 | 2018}

lake sherwood

-23

%

Change in Average Selling Price {2018 v 2017}

0

%

Change in Units Sold {2018 v 2017

5

Units Sold

1.9m

$

Average Selling Price

|

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

10 9

$2,500,000

8 7

$2,000,000

6

$1,500,000

5 4

$1,000,000

3 2

$500,000

1

$-

0

2014

2015

2016

2017

Average Selling Price

2018

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. sothebyshomes.com/ventura

{ALP vs ASP}

Average Average Discount Median Total Average Days List Price Selling Price Ratio Selling Price Units Sold on Market {2018 v 2017}

Change

-24%

-23%

-

10%

0%

-34%

2018

$2,045,400

$1,918,000

6%

$2,200,000

5

73

2017

$2,685,760

$2,495,400

7%

$2,000,000

5

110

2016

$1,620,187

$1,587,533

2%

$1,549,800

9

53

2015

$1,688,250

$1,659,750

2%

$1,397,000

4

100

2014

$1,614,750

$1,554,750

4%

$1,604,500

4

146

19

/ Lake Sherwood / Ventura County Q2 Market Update

|

Average Selling Price Total Units Sold Units vs ASP

$1,400,000

90 80

$1,200,000

70

$1,000,000

60

$800,000

50

$600,000

40 30

$400,000

20

$200,000

10

$-

0

2014

2015

2016

2017

Average Selling Price

2018

Total Units Sold

About

Ojai Set in a valley in the Topa Topa Mountains, the city has a village-like center dotted with art galleries and New Age shops. Home to artisans of every calling - farmers, celebrities, spiritualists and the famous Ojai Valley Inn. sothebyshomes.com/ventura

{ALP vs ASP}

Average Average Discount Median Total Average Days List Price Selling Price Ratio Selling Price Units Sold on Market {2018 v 2017}

Change

13%

17%

-

21%

-18%

29%

2018

$1,257,216

$1,215,514

3%

$820,000

50

106

2017

$1,114,631

$1,034,619

7%

$677,000

61

82

2016

$892,103

$858,327

4%

$685,035

79

109

2015

$860,941

$826,940

4%

$642,875

60

91

2014

$974,106

$909,441

7%

$632,500

50

121

Ventura County Q2 Market Update / Ojai

/ 20

at a glance {Q2 | 2018}

ojai

17

%

Change in Average Selling Price {2018 v 2017}

-18

%

Change in Units Sold {2018 v 2017}

50 Units Sold

1.2m

$

Average Selling Price

at a glance {Q2 | 2018}

thousand oaks

-1

%

Change in Average Selling Price {2018 v 2017}

-3

%

Change in Units Sold {2018 v 2017}

330 Units Sold

800k

$

Average Selling Price

|

Average SellingUnits Price Total Units Sold vs ASP $860,000

400

$840,000

350

$820,000

300

$800,000

250

$780,000

200

$760,000

150

$740,000 $720,000

100

$700,000

50

$680,000

0

2014

2015

2016

2017

Average Selling Price

2018

Total Units Sold

About

Thousand Oaks 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. sothebyshomes.com/ventura

{ALP vs ASP}

Average Average Discount Median Total Average Days List Price Selling Price Ratio Selling Price Units Sold on Market {2018 v 2017}

Change

-1%

-1%

-

0%

-3%

-13%

2018

$842,541

$833,118

1%

$757,500

330

44

2017

$853,246

$842,049

1%

$759,250

340

51

2016

$863,627

$837,244

3%

$735,000

380

61

2015

$801,186

$787,087

2%

$699,000

348

63

2014

$756,200

$736,062

3%

$654,750

280

67

23

/ Thousand Oaks / Ventura County Q2 Market Update

|

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

250

$700,000 200

$600,000 $500,000

150

$400,000 100

$300,000 $200,000

50

$100,000 $-

0

2014

2015

2016

2017

Average Selling Price

2018

Total Units Sold

About

Ventura A California coastal city, Ventura is known for its beaches, long Ventura Pier, Mission San Buenaventura with its 1809 church and Surfer’s Point - popular for surfing and windsurfing. sothebyshomes.com/ventura

{ALP vs ASP}

Average Average Discount Median Total Average Days List Price Selling Price Ratio Selling Price Units Sold on Market {2018 v 2017}

Change

14%

14%

-

7%

-17%

-11%

2018

$778,285

$761,606

2%

$629,000

177

45

2017

$680,761

$668,547

2%

$586,500

212

51

2016

$669,356

$652,761

2%

$575,500

220

61

2015

$662,375

$636,192

4%

$530,000

223

66

2014

$571,771

$560,847

2%

$505,000

200

61

Ventura County Q2 Market Update / Ventura / 24

at a glance {Q2 | 2018}

ventura

14

%

Change in Average Selling Price {2018 v 2017}

-17

%

Change in Units Sold {2018 v 2017}

177 Units Sold

800k

$

Average Selling Price

at a glance {Q2 | 2018}

westlake village

15

%

Change in Average Selling Price {2018 v 2017}

8

%

Change in Units Sold {2018 v 2017}

110 Units Sold

1.6m

$

Average Selling Price

|

Average SellingUnits Price Total Units Sold vs ASP $1,800,000

140

$1,600,000

120

$1,400,000

100

$1,200,000 $1,000,000

80

$800,000

60

$600,000

40

$400,000

20

$200,000 $-

0

2014

2015

2016

2017

Average Selling Price

2018

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 on any one of our many private or public courses. sothebyshomes.com/ventura

{ALP vs ASP}

Average Average Discount Median Total Average Days List Price Selling Price Ratio Selling Price Units Sold on Market {2018 v 2017}

Change

17%

15%

-

12%

8%

-3%

2018

$1,636,455

$1,563,281

4%

$1,206,000

110

57

2017

$1,396,211

$1,361,500

2%

$1,072,500

102

59

2016

$1,402,443

$1,366,790

3%

$1,099,278

106

66

2015

$1,360,866

$1,322,094

3%

$1,175,000

126

66

2014

$1,223,528

$1,180,280

4%

$992,500

91

58

27

/ Westlake Village / Ventura County Q2 Market Update

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

WESTLAKE VILLAGE

French Country Estate Last asking $3,195,000

CALABASAS

26723 Mont Calabasas Last asking $2,549,000 AGOURA HILLS

Spacious Mediterranean Last asking $2,199,000 AGOURA HILLS

Remodeled Highland Estates Last asking $2,195,000 CHANNEL ISLANDS

Mandalay Bay Custom Last asking $1,895,000 *in order from left to right, top to bottom

sothebyshomes.com/ventura 29

/ Significant Sales / Ventura County Q2 Market Update

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