Ventura Count Market Update | Q4 2018

Q4 | 2018

Ventura County and Surrounding Areas

Market Update

AGOURA HILLS

sothebyshomes.com/0424277 Offered at $2,249,000

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

a message from

Annette Berger

Vice President, Brokerage Manager

It’s my pleasure to present the Ventura County and Surrounding Areas Market Update for the fourth quarter of 2018. According to the FLEX MLS, the results for single-family home sales in Ventura County and surrounding areas reflected an increase of 3.3% in average sales price, from $986K in Q4 2017 to $1.0M in Q4 2018. The total number of units sold decreased year over year, with 891 units sold in 2017 compared to 863 units sold in 2018, a decrease of 3.1%. Days on the market increased to 69 days, a 3.6% increase from the same time last year.

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 and 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

805.495.2000

AGOURA HILLS

sothebyshomes.com/0424300 Offered at $1,794,000

Ventura County

and Surrounding Areas

06 08

Market Snapshot | All Areas

10

Agoura Hills

12 14

Channel Islands (Oxnard)

18

22 24 26 28 30

Calabasas Camarillo

16

20

Featured Properties

Lake Sherwood Oak Park Ojai

Thousand Oaks/Newbury Park Ventura

Westlake Village Extraordinary Results

Featured Properties We invite you to explore our exclusive offerings at S OT H EBYSHOM ES.C O M / VE N T URA

CAMARILLO

sothebyshomes.com/0423856 Offered at $3,988,000

Lake Sherwood Offered at $4,795,000 sothebyshomes.com/0424206 CALABASAS

Offered at $2,698,000 sothebyshomes.com/0424189 PORT HUENEME

Offered at $1,545,000 sothebyshomes.com/0424292 THOUSAND OAKS

Offered at $1,499,000 sothebyshomes.com/0424301 *in order from left to right, top to bottom

sothebyshomes.com/ventura

7

/ Featured Properties / Ventura County Q4 Market Update

Market Snapshot

Units vs ASP - Mkt Snapshot

Ventura County | Q4 2018

Units Sold t Snapshot

$1,200,000

1

$1,000,0 00

1

$800,000

9

$600,000

9

$400,0 00

8

$200,00 0

8

Oak Park Westlake Agoura Hills Village

Calabasas

Ventura Camarillo

Thousand Oaks/Newbury Park Ojai

Channel Islands Lake Sherwood

Total Units Sold 51 49 187 32 5 18 39 241 174 67

$-

7

2014

2015

2016

Average Selling Price vs. Total Units Sold

Agoura Hills

Average Selling Price

Calabasas

Total Units Sold

Camarillo Channel Islands Lake Sherwood Oak Park Ojai Thousand Oaks/Newbury Park Ventura Westlake Village

2017

2018

Comparison

by Neighborhood

ASP - Market Snapshot

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

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

IslandsLake Channel Agoura AgouraHillsOak Calabasas Calabasas Camarillo Channel Hills

Park

Islands Sherwood

Ojai Ojai

ThousandVentura Ventura Westlake Oaks/ Village Newbury Park

Average Selling Price Q4 2018 1.2m $ 1.7m $ 696k $

Agoura Hills Calabasas Camarillo

702k $ 1.8m $ 1.1m

$

1m $ 965k $ 837k $ 1.4m

Channel Islands

$

Lake Sherwood Oak Park

9

Ojai Thousand Oaks/Newbury Park Ventura Westlake Village

/ Q4 Highlights / Ventura County Q4 Market Update

at a glance {Q4 | 2018}

agoura hills

12

%

Change in Average Selling Price {2018 v 2017}

19

%

Change in Units Sold {2018 v 2017}

51 Units Sold

1.2m

$

Average Selling Price

|

Average Selling Price Total Units Sold Units 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

2016

2015

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

13%

12%

-

-1%

19%

31%

2018

$1,261,545

$1,222,838

3%

$1,025,000

51

70

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%

$9050,000

46

79

2014

$1,105,416

$1,067,379

3%

$941,000

46

104

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

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}

6%

4%

-

5%

-2%

-17%

2018

$1,816,456

$1,727,686

5%

$1,515,000

49

66

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

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

{2018 v 2017}

Change

Ventura County Q4 Market Update / Calabasas / 12

at a glance {Q4 | 2018}

calabasas

4

%

Change in Average Selling Price {2018 v 2017}

-2

%

Change in Units Sold {2018 v 2017}

49 Units Sold

1.7m

$

Average Selling Price

at a glance {Q4 | 2018}

camarillo

-12

%

Change in Average Selling Price {2018 v 2017}

2

%

Change in Units Sold {2018 v 2017}

187 Units Sold

696k

$

Average Selling Price

|

Average Selling Price Total Units Sold Units vs ASP

$900,000

250

$800,000 200

$700,000 $600,000

150

$500,000 $400,000

100

$300,000 $200,000

50

$100,000 $-

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

-12%

-12%

-

-3%

2%

7%

2018

$712,398

$696,402

2%

$633,000

187

66

2017

$808,288

$790,350

2%

$650,000

184

62

2016

$662,721

$652,806

1%

$605,000

220

72

2015

$676,680

$662,642

2%

$590,000

181

66

2014

$648,382

$627,208

3%

$530,000

149

76

15

/ Camarillo / Ventura County Q4 Market Update

|

Average SellingUnits Price Total Units Sold vs ASP 60

$1,800,000 $1,600,000

50

$1,400,000 $1,200,000

40

$1,000,000

30

$800,000 $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

39%

36%

-

22%

-24%

32%

2018

$1,720,311

$1,628,844

5%

$1,225,000

32

118

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

$1,255,100

$1,202,375

4%

$1,037,500

44

157

2014

$1,000,288

$955,071

5%

$800,000

56

94

Ventura County Q4 Market Update / Channel Islands / 16

at a glance {Q4 | 2018}

channel islands

36

%

Change in Average Selling Price {2018 v 2017}

-24

%

Change in Units Sold {2018 v 2017}

32 Units Sold

1.6m

$

Average Selling Price

at a glance {Q4 | 2018}

lake sherwood

-8

%

Change in Average Selling Price {2018 v 2017}

-29

%

Change in Units Sold {2018 v 2017

5

Units Sold

1.8m

$

Average Selling Price

|

Average Selling Price Total Units Sold Units vs ASP

$2,500,000

10 9

$2,000,000

8 7

$1,500,000

6 5

$1,000,000

4 3

$500,000

2 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

-7%

-8%

-

-9%

-29%

-1%

2018

$1,932,980

$1,813,900

6%

$1,380,000

5

65

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

19

/ Lake Sherwood / Ventura County Q4 Market Update

|

vs ASP Average SellingUnits Price Total Units Sold $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

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

27%

23%

-

10%

18%

-4%

2018

$1,077,071

$1,030,435

4%

$769,000

39

80

2017

$848,469

$834,998

2%

$700,000

33

83

2016

$1,232,832

$1,154,970

6%

$770,800

49

107

2015

$965,800

$921,483

5%

$620,000

54

99

2014

$991,886

$865,889

5%

$569,500

36

113

Ventura County Q4 Market Update / Ojai

/ 20

at a glance {Q4 | 2018}

ojai

23

%

Change in Average Selling Price {2018 v 2017}

18

%

Change in Units Sold {2018 v 2017}

39 Units Sold

1

$ m Average Selling Price

at a glance {Q4 | 2018}

oak park

26

%

Change in Average Selling Price {2018 v 2017}

-31

%

Change in Units Sold {2018 v 2017}

18 Units Sold

1.1m

$

Average Selling Price

|

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

35

$1,000,000

30 25

$800,000

20 $600,000 15 $400,000

10

$200,000

5

$-

0

2014

2015

2016

2017

Average Selling Price

2018

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 dazling sunset views, great hiking trails and only a 20 minute drive to the coast. Offering the seculsion of country living with the convience of a modern small town. 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

26%

-31%

-

22%

-31%

-6%

2018

$1,245,328

$1,127,889

2%

$1,029,000

18

45

2017

$907,544

$897,623

1%

$843,000

26

48

2016

$898,959

$888,344

1%

$857,500

32

59

2015

$859,526

$847,769

1%

$772,500

26

60

2014

$921,585

$898,620

2%

$825,000

20

52

23

/ Oak Park / Ventura County Q4 Market Update

|

Average Selling Price Total Units Sold Units vs ASP

$1,200,000

265 260

$1,000,000

255

$800,000

250 245

$600,000

240

$400,000

235 230

$200,000

225

$-

220

2014

2015

2016

2017

Average Selling Price

2018

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. 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

16%

15%

-

0%

-8%

10%

2018

$984,774

$965,205

2%

$765,000

241

66

2017

$849,638

$837,525

1%

$765,000

263

60

2016

$800,554

$784,785

2%

$704,000

238

63

2015

$759,705

$745,923

2%

$638,500

260

70

2014

$716,701

$701,799

2%

$650,000

237

78

Ventura County Q4 Market Update / Thousand Oaks/Newbury Park / 24

at a glance {Q4 | 2018}

thousand oaks

15

%

Change in Average Selling Price {2018 v 2017}

-8

%

Change in Units Sold {2018 v 2017}

241 Units Sold

1

$ m Average Selling Price

at a glance {Q4 | 2018}

ventura

23

%

Change in Average Selling Price {2018 v 2017}

8

%

Change in Units Sold {2018 v 2017}

174 Units Sold

837k

$

Average Selling Price

|

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

250

$800,000 200

$700,000 $600,000

150

$500,000 $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

23%

23%

-

6%

8%

-2%

2018

$858,857

$837,721

2%

$651,950

174

68

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

$627,683

$611,200

3%

$507,500

192

80

27

/ Ventura / Ventura County Q4 Market Update

|

Average Selling Price Total Units Sold Units vs ASP

$2,000,000

90

$1,800,000

80

$1,600,000

70

$1,400,000

60

$1,200,000

50

$1,000,000

40

$800,000

30

$600,000 $400,000

20

$200,000

10

$-

0

2014

2015

2016

2017

2018

Average Selling Price

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

-20%

-22%

-

-18%

-18%

-13%

2018

$1,577,260

$1,459,138

7%

$1,182,000

67

69

2017

$1,982,984

$1,867,868

6%

$1,437,500

82

79

2016

$1,608,025

$1,577,776

3%

$1,158,750

82

83

2015

$1,649,909

$1,574,517

5%

$955,000

69

83

2014

$1,510,909

$1,418,299

6%

$1,122,500

80

102

Ventura County Q4 Market Update / Westlake Village / 28

at a glance {Q4 | 2018}

westlake village

-22

%

Change in Average Selling Price {2018 v 2017}

-18

%

Change in Units Sold {2018 v 2017}

67 Units Sold

1.5m

$

Average Selling Price

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

AGOURA HILLS

sothebyshomes.com/0424267 Offered at $2,100,000

CAMARILLO

Offered at $1,320,000 sothebyshomes.com/0424251 AGOURA HILLS

Offered at $1,225,000 sothebyshomes.com/0424281 NEWBURY PARK

Offered at $1,00,000 sothebyshomes.com/0424121 WESTLAKE VILLAGE

Offered at $888,000 sothebyshomes.com/0424204 *in order from left to right, top to bottom

sothebyshomes.com/ventura

31

/ Significant Sales / Ventura County Q4 Market Update

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