Ventura County Market Update | Q4 2017

Q4 | 2017

Ventura County and Surrounding Areas

Market Update

CAMARILLO

sothebyshomes.com/0423856 Offered at $4,295,000

WESTLAKE VILLAGE

Spanish Masterpiece Last asking $3,199,000

a message from

Annette Berger

Vice President, Brokerage Manager This past quarter has proven to be challenging for many reasons; one of which was unforeseen. The Thomas Fire swept through our county and claimed over 1,000 homes. The Sotheby’s International Realty – Ventura County offices stepped into action and started donation centers thanks to wonderful volunteer agents and supplies were gathered and distributed to all those in need. We stand with our community and hope all those effected will find solidarity as we rebuild and begin a new chapter.

According to FLEX MLS, results for single-family homes in Ventura and surrounding areas for the fourth quarter of 2017 reflect an increase in median selling price. Westlake Village increased 26% while Thousand Oaks increased 9% (2016 vs. 2017). Area inventory remains at an all-time low; normal days on market averages are six months and there is currently only two months of inventory. In addition, in the fourth quarter of 2017, the average days on market declined to 45 days.

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 (818) 645-7464 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. 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 Shapshot | All Areas

10 12 14

20 22 24 26

Agoura Hills Calabasas Camarillo

16 18

Featured Properties

Channel Islands (Oxnard) Lake Sherwood Ojai

Thousand Oaks Ventura

Westlake Village

Featured Properties We invite you to explore our exclusive offerings at S OTHEBYS H O ME S.C O M/ VE NT U RA

AGOURA HILLS

Awe-Inspiring Highlands Estate | Offered at $2,249,000 6020macadamcourt.com

WESTLAKE VILLAGE

Offered at $7,250,000 1087vistaridgeln.com SOMIS

Offered at $4,900,000 5000aggen.com OJAI

Offered at $3,900,000 sothebyshomes.com/0424047 WESTLAKE VILLAGE

Offered at $3,600,000 sothebyshomes.com/0424044 *in order from left to right, top to bottom

sothebyshomes.com/ventura

7

/ Featured Properties / Ventura County Q4 Market Update

Market Snapshot

Ventura County | Q4 2017

Units Sold et Snapshot

$1,000,0 00

Units vs ASP - Mkt Snapshot

1000

$980,000

Agoura Hills

$960,000

Calabasas Westlake Village

950

$940,000 $920,000 900

$900,000

Ventura Camarillo

$880 ,000 $860,000

850

$840 ,000

Thousand Oaks Ojai

Channel Islands Lake Sherwood

$820,000 800

$800,000 $780,000 $760,000

750

2013 2014 2015 2016 2017

Total Units Sold 43 50 184 42 7 33 269 161 77

Average Selling Price vs. Total Units Sold

Agoura Hills

Average Selling Price

Calabasas

Total Units Sold

Camarillo Channel Islands Lake Sherwood Ojai Thousand Oaks Ventura Westlake Village

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 Oaks/Newbury Park

Ventura

Westlake Village

Average Selling Price Q4 2017 1.1m $ 1.7m $ 800k $

Agoura Hills Calabasas Camarillo

1.2m $ 2.0m $ 800k $

Channel Islands Lake Sherwood Ojai

9

900k $700k $ 1.6m

$

Thousand Oaks Ventura Westlake Village

/ Q4 Highlights / Ventura County Q4 Market Update

at a glance {Q4 | 2017}

agoura hills

8

%

Change in Average Selling Price {2017 v 2016}

-20

%

Change in Units Sold {2017 v 2016}

43 Units Sold

1.1m

$

Average Selling Price

|

Average SellingUnits Price Total Units Sold vs ASP $1,150,000

60

$1,100,000

50

$1,050,000

40

$1,000,000

30

$950,000

20

$900,000

10

$850,000

0

2013

2014

2015

2016

Average Selling Price

2017

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 {2017 v 2016}

Change

6%

8%

-

25%

-20%

-11%

2017

$1,119,730

$1,095,486

2%

$1,040,000

43

54

2016

$1,052,215

$1,014,513

4%

$832,500

54

60

2015

$1,034,227

$1,012,865

2%

$905,000

46

79

2014

$1,118,067

$1,044,797

7%

$907,000

47

102

2013

$997,537

$949,364

5%

$797,500

44

63

11

/ Agoura Hills / Ventura County Q4 Market Update

|

Average SellingUnits Price Total Units Sold vs ASP $1,750,000

80

$1,700,000

70

$1,650,000

60

$1,600,000

50

$1,550,000

40

$1,500,000

30

$1,450,000

20

$1,400,000

10

$1,350,000

0

2013

2014

2015

2016

Average Selling Price

2017

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

{ALP vs ASP}

Average Average Discount Median Total Average Days List Price Selling Price Ratio Selling Price Units Sold on Market {2017 v 2016}

Change

11%

13%

-

12%

-32%

36%

2017

$1,719,596

$1,668,880

3%

$1,440,000

50

80

2016

$1,545,512

$1,483,361

4%

$1,282,375

74

59

2015

$1,688,668

$1,599,974

5%

$1,133,750

70

75

2014

$1,820,810

$1,728,872

5%

$1,150,000

39

61

2013

$1,738,540

$1,673,605

4%

$1,225,000

58

64

Ventura County Q4 Market Update / Calabasas / 12

at a glance {Q4 | 2017}

calabasas

13

%

Change in Average Selling Price {2017 v 2016}

-32

%

Change in Units Sold {2017 v 2016}

50 Units Sold

1.7m

$

Average Selling Price

at a glance {Q4 | 2017}

camarillo

21

%

Change in Average Selling Price {2017 v 2016}

-16

%

Change in Units Sold {2017 v 2016}

184 Units Sold

800k

$

Average Selling Price

|

Average SellingUnits Price Total Units Sold vs ASP $850,000

180 170

$800,000

160 $750,000

150

$700,000

140 130

$650,000

120 $600,000

110

$550,000

100

2013

2014

2015

2016

Average Selling Price

2017

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 {2017 v 2016}

Change

22%

21%

-

7%

-16%

-14%

2017

$808,288

$790,350

2%

$650,000

184

62

2016

$662,721

$652,806

1%

$605,000

220

72

2015

$676,160

$659,015

3%

$588,500

182

66

2014

$648,382

$627,208

3%

$530,000

149

76

2013

$625,345

$608,728

3%

$509,500

172

71

15

/ Camarillo / Ventura County Q4 Market Update

|

Average SellingUnits Price Total Units Sold vs ASP $1,300,000

60

$1,200,000

50

$1,100,000

40

$1,000,000

30

$900,000

20

$800,000

10

$700,000

0

2013

2014

2015

2016

Average Selling Price

2017

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 parks, 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 {2017 v 2016}

Change

-7%

-5%

-

-2%

-11%

-14%

2017

$1,241,720

$1,200,941

3%

$1,007,500

42

89

2016

$1,339,817

$1,266,448

5%

$1,025,000

47

104

2015

$1,255,110

$1,202,375

4%

$1,037,500

44

157

2014

$1,000,288

$955,071

5%

$800,000

56

94

2013

$961,553

$792,624

18%

$760,000

33

100

Ventura County Q4 Market Update / Channel Islands / 16

at a glance {Q4 | 2017}

channel islands

-5

%

Change in Average Selling Price {2017 v 2016}

-11

%

Change in Units Sold {2017 v 2016}

42 Units Sold

1.2m

$

Average Selling Price

at a glance {Q4 | 2017}

lake sherwood

9

%

Change in Average Selling Price {2017 v 2016}

250

%

Change in Units Sold {2017 v 2016}

7

Units Sold

2.0m

$

Average Selling Price

|

Average SellingUnits Price Total Units Sold vs ASP $3,700,000

10

$3,400,000

9

$3,100,000

8 7

$2,800,000

6

$2,500,000

5

$2,200,000

4

$1,900,000

3

$1,600,000

2

$1,300,000

1

$1,000,000

0

2013

2014

2015

2016

Average Selling Price

2017

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 {2017 v 2016}

Change

12%

9%

-

-15%

250%

-71%

2017

$2,078,000

$1,961,786

6%

$1,520,000

7

66

2016

$1,858,500

$1,793,500

3%

$1,793,500

2

228

2015

$1,411,400

$1,381,850

2%

$1,391,000

5

119

2014

$1,751,778

$1,660,667

5%

$1,429,000

9

172

2013

$3,677,500

$3,402,500

7%

$3,402,500

2

113

19

/ Lake Sherwood / Ventura County Q4 Market Update

|

Average Selling Price Total Units Sold Units vs ASP

$1,200,000

60

$1,150,000

50

$1,100,000 $1,050,000

40

$1,000,000

30

$950,000 $900,000

20

$850,000

10

$800,000 $750,000

0

2013

2014

2015

2016

Average Selling Price

2017

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 {2017 v 2016}

Change

-31%

-28%

-

-9%

-33%

-22%

2017

$848,469

$834,998

2%

$700,000

33

83

2016

$1,232,832

$1,154,970

6%

$770,800

49

107

2015

$957,058

$904,773

5%

$615,000

55

99

2014

$911,886

$865,889

5%

$569,500

36

113

2013

$823,090

$800,539

3%

$600,000

40

98

Ventura County Q4 Market Update / Ojai

/ 20

at a glance {Q4 | 2017}

ojai

-28

%

Change in Average Selling Price {2017 v 2016}

-33

%

Change in Units Sold {2017 v 2016}

33 Units Sold

800k

$

Average Selling Price

at a glance {Q4 | 2017}

thousand oaks

8

%

Change in Average Selling Price {2017 v 2016}

11

%

Change in Units Sold {2017 v 2016}

269 Units Sold

900k

$

Average Selling Price

|

Average SellingUnits Price Total Units Sold vs ASP $900,000

280

$880,000

270

$860,000

260

$840,000

250

$820,000

240

$800,000

230

$780,000

220

$760,000

210

$740,000

200

2013

2014

2015

2016

Average Selling Price

2017

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 {2017 v 2016}

Change

8%

8%

-

9%

11%

-6%

2017

$948,211

$924,595

2%

$775,000

269

62

2016

$874,057

$857,598

2%

$711,000

242

66

2015

$854,072

$830,315

3%

$685,000

267

72

2014

$784,797

$762,328

3%

$650,000

245

81

2013

$784,244

$760,698

3%

$624,950

267

67

23

/ Thousand Oaks / Ventura County Q4 Market Update

|

Average SellingUnits Price Total Units Sold vs ASP $700,000

220

$680,000

210

$660,000

200

$640,000

190

$620,000

180

$600,000

170

$580,000

160

$560,000

150

$540,000

140

2013

2014

2015

2016

Average Selling Price

2017

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 {2017 v 2016}

Change

3%

4%

-

7%

-23%

0%

2017

$696,310

$683,848

2%

$615,000

161

69

2016

$675,285

$660,192

2%

$575,200

210

69

2015

$651,601

$633,782

3%

$550,000

195

69

2014

$630,131

$608,050

4%

$505,000

193

80

2013

$574,796

$560,996

2%

$482,500

184

58

Ventura County Q4 Market Update / Ventura / 24

at a glance {Q4 | 2017}

ventura

4

%

Change in Average Selling Price {2017 v 2016}

-23

%

Change in Units Sold {2017 v 2016}

161 Units Sold

700k

$

Average Selling Price

at a glance {Q4 | 2017}

westlake village

17

%

Change in Average Selling Price {2017 v 2016}

-1

%

Change in Units Sold {2017 v 2016}

77 Units Sold

1.6m

$

Average Selling Price

|

Average SellingUnits Price Total Units Sold vs ASP $1,700,000

80

$1,600,000

75

$1,500,000 $1,400,000

70

$1,300,000

65

$1,200,000 60

$1,100,000 $1,000,000

55

2013

2014

2015

2016

Average Selling Price

2017

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 {2017 v 2016}

Change

21%

17%

-

26%

-1%

-6%

2017

$1,720,593

$1,598,098

7%

$1,350,000

77

70

2016

$1,421,386

$1,371,508

4%

$1,075,000

78

75

2015

$1,376,288

$1,244,772

10%

$900,000

65

78

2014

$1,365,321

$1,257,161

8%

$1,075,000

74

92

2013

$1,267,488

$1,189,523

6%

$900,000

77

92

27

/ Westlake Village / Ventura County Q4 Market Update

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