Q3 | Ventura & Northern LA County Market Update

Q3 | 2020

Ventura & Northern LA County

Market Update

WESTLAKE VILLAGE

1465Kingston.com Offered at $3,075,000

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 9/30/20. 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 It’s my pleasure to present the Ventura County and Surrounding Areas Market Update for the third quarter of 2020. According to the FLEX MLS, the results for single-family home sales in Ventura County and surrounding areas reflected an increase of 9.8% in average sales price, from $927K in Q3 2019 to $1.02M in Q3 2020. The total number of units sold increased year over year, with 1,570 units sold in 2019 compared to 1,883 units sold in 2020, an increase of 19.9%. Days on the market decreased to 62 days, a 4.4% decrease from the same time last year.

Abounding with natural beauty and over 15,000 acres of open space, Thousand Oaks/ Newbury Park had a 22% decrease in days on market, from 58 in Q3 2019 to 45 in Q3 2020.

Calabasas, the youngest city in Los Angeles County, had a 37% increase in total units sold, from 78 in Q3 2019 to 107 in Q3 2020.

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 sothebyrealty.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. sothebysrealty.com

dre

email

phone

01022168

annette.berger@sothebysrealty.com

805.495.2000

THOUSAND OAKS

1108CaminoDosRios.com Offered at $1,975,000

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

AGOURA HILLS

29351CastleHill.com Offered at $2,295,000

WESTLAKE VILLAGE

Offered at $2,999,000 808EastCarlisleRoad.com WESTLAKE VILLAGE

Offered at $1,895,000 3997SkeltonCanyon.com AGOURA HILLS

Offered at $1,849,000 5764Fairview.com SIMI VALLEY

Offered at $1,250,000 33OakView.com *in order from left to right, top to bottom

sothebysrealty.com

7

/ Featured Properties / LA &Ventura County Q3 Market Update

Market Snapshot

Los Angeles & Ventura County | Q3 2020

Sold shot

Units vs ASP - Mkt Snapshot Agoura Hills

$1,200,000

Calabasas

Westlake Village

2,000 1,800

$1,000,0 00

Ventura

1,600 1,400

$800,000

Camarillo

1,200 $600,000

Thousand Oaks/Newbury Park

Channel Islands

1,000 800

$400,0 00

600

Lake Sherwood Simi Valley & Moorpark

400

$200,00 0

20 0 $-

0

2016

Oak Park

Total Units Sold 78 107 276 84 5 517 36 406 236 138

2017

2018

2019

Average Selling Price vs. Total Units Sold

Agoura Hills

Average Selling Price

Calabasas

Total Units Sold

Camarillo Channel Islands Lake Sherwood Moorpark/Simi Valley Oak Park 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

$2,500,000

$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 Q3 2020 1.2m $ 1.8m $ 806k $

Agoura Hills Calabasas Camarillo

1.4m $ 2.4m $ 759k $

Channel Islands Lake Sherwood Moorpark/Simi Valley

9

/ Q3 Highlights /

983k $ 958m $ 868k $ 1.7m $

Oak Park Thousand Oaks/Newbury Park Ventura Westlake Village

LA &Ventura County Q3 Market Update

at a glance {Q3 | 2020}

agoura hills

9

%

Change in Average Selling Price {2020 v 2019}

20

%

Change in Units Sold {2020 v 2019}

78 Units Sold

1.3m

$

Average Selling Price

|

Average Selling Price Total Units Sold Units vs ASP

90

$1,300,000

80

$1,250,000

70

$1,200,000

60

$1,150,000

50

$1,100,000

40 30

$1,050,000

20

$1,000,000

10

$950,000

0

2016

2017

2018

2019

2020

Average Selling Price

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

8%

9%

-

13%

20%

5%

2020

$1,310,812

$1,274,829

3%

$1,131,944

78

43

2019

$1,209,148

$1,169,585

3%

$1,000,000

65

41

2018

$1,130,593

$1,156,922

2%

$1,002,500

72

56

2017

$1,184,106

$1,156,922

2%

$1,002,500

72

56

2016

$1,116,812

$1,088,783

3%

$879,000

65

62

11

/ Agoura Hills /

LA &Ventura County Q3 Market Update

|

Average SellingUnits Price Total Units Sold vs ASP 120

$1,950,000 $1,900,000

100

$1,850,000 $1,800,000

80

$1,750,000 $1,700,000

60

$1,650,000 $1,600,000

40

$1,550,000 $1,500,000

20

$1,450,000 $1,400,000

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}

6%

6%

-

9%

37%

-31%

2020

$1,934,114

$1,877,440

3%

$1,641,768

107

44

2019

$1,828,712

$1,774,18

3%

$1,501,000

78

63

2018

$2,028,701

$1,895,263

7%

$1,559,000

64

46

2017

$1,640,559

$1,591,614

3%

$1,475,000

84

40

2016

$1,769,343

$1,716,735

3%

$1,531,000

75

53

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

{2020 v 2019}

Change

LA &Ventura County Q3 Market Update / Calabasas / 12

at a glance {Q3 | 2020}

calabasas

6

%

Change in Average Selling Price {2020 v 2019}

37

%

Change in Units Sold {2020 v 2019}

107 Units Sold

1.9m

$

Average Selling Price

at a glance {Q3 | 2020}

camarillo

11

%

Change in Average Selling Price {2020 v 2019}

12

%

Change in Units Sold {2020 v 2019}

276 Units Sold

812k

$

Average Selling Price

|

Average Selling Price Total Units Sold Units vs ASP

$900,000

300

$800,000

250

$700,000 $600,000

200

$500,000

150

$400,000 $300,000

100

$200,000

50

$100,000 $-

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

10%

11%

-

11%

12%

-8%

2020

$812,146

$806,706

1%

$722,000

276

50

2019

$737,441

$727,036

1%

$650,000

246

54

2018

$755,247

$744,803

1%

$654,123

227

58

2017

$681,285

$675,815

1%

$609,020

211

50

2016

$694,840

$678,433

2%

$581,500

224

59

15

/ Camarillo /

LA &Ventura County Q3 Market Update

|

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

90

$1,400,000

80

$1,200,000

70 60

$1,000,000

50

$800,000

40

$600,000

30

$400,000

20

$200,000

10

$-

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

13%

12%

-

3%

53%

0%

2020

$1,520,838

$1,447,870

5%

$1,237,500

84

106

2019

$1,349,121

$1,294,600

4%

$1,205,000

55

106

2018

$1,492,260

$1,426,889

4%

$1,150,000

45

71

2017

$1,126,575

$1,085,611

4%

$977,500

52

95

2016

$1,217,631

$1,169,097

4%

$950,000

48

74

LA &Ventura County Q3 Market Update / Channel Islands / 16

at a glance {Q3 | 2020}

channel islands

12

%

Change in Average Selling Price {2020 v 2019}

53

%

Change in Units Sold {2020 v 2019}

84 Units Sold

1.4m

$

Average Selling Price

at a glance {Q3 | 2020}

lake sherwood

-8

%

Change in Average Selling Price {2020 v 2019}

-17

%

Change in Units Sold {2020 v 2019}

5

Units Sold

2.2m

$

Average Selling Price

|

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

7

$2,500,000

6 5

$2,000,000

4 $1,500,000 3 $1,000,000

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

-12%

-8%

-

-39%

-17%

38%

2020

$2,637,580

$2,241,800

5%

$1,400,000

5

145

2019

$2,687,825

$2,444,833

9%

$2,294,500

6

105

2018

$1,998,725

$1,806,250

10%

$1,637,500

4

68

2017

$1,525,000

$1,500,000

2%

$1,500,000

1

2

2016

$1,895,600

$1,819,400

4%

$1,320,900

5

110

19

/ Lake Sherwood / LA &Ventura County Q3 Market Update

|

Average Selling Price Total Units Sold Units vs ASP

$800,000

600

$700,000

500

$600,000 400

$500,000 $400,000

300

$300,000

200

$200,000 100

$100,000 $-

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

10%

10%

-

9%

7%

-15%

2020

$761,872

$759,400

0%

$690,000

517

42

2019

$694,725

$687,587

1%

$635,000

481

50

2018

$698,086

$689,857

1%

$630,000

426

46

2017

$651,840

$647,014

1%

$590,000

453

46

2016

$633,072

$622,709

2%

$575,750

432

59

LA &Ventura County Q3 Market Update / Moorpark/Simi Valley / 20

at a glance {Q3 | 2020}

moorpark/simi valley

10

%

Change in Average Selling Price {2020 v 2019}

7

%

Change in Units Sold {2020 v 2019}

517 Units Sold

761k

$

Average Selling Price

at a glance {Q3 | 2020}

oak park

-10

%

Change in Average Selling Price {2020 v 2019}

13

%

Change in Units Sold {2020 v 2019}

36 Units Sold

992k

$

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

-10%

-10%

-

-11%

13%

-12%

2020

$992,516

$983,481

1%

$926,250

36

40

2019

$1,108,250

$1,089,511

2%

$1,037,500

32

46

2018

$1,046,132

$1,026,040

2%

$932,000

40

39

2017

$956,959

$948,660

1%

$915,000

33

36

2016

$973,441

$916,031

6%

$829,000

31

59

23

/ Oak Park /

LA &Ventura County Q3 Market Update

|

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

450 400

$1,000,000

350

$800,000

300 250

$600,000

200

$400,000

150 100

$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

-2%

1%

-

7%

38%

-22%

2020

$965,877

$958,406

1%

$839,650

406

45

2019

$981,812

$945,641

4%

$787,500

294

58

2018

$875,753

$859,582

2%

$775,000

288

54

2017

$852,169

$842,395

1%

$766,900

337

45

2016

$797,552

$784,800

2%

$725,000

328

61

LA &Ventura County Q3 Market Update / Thousand Oaks/Newbury Park / 24

at a glance {Q3 | 2020}

thousand oaks

1

%

Change in Average Selling Price {2020 v 2019}

38

%

Change in Units Sold {2020 v 2019}

406 Units Sold

965k

$

Average Selling Price

at a glance {Q3 | 2020}

ventura

20

%

Change in Average Selling Price {2020 v 2019}

3

%

Change in Units Sold {2020 v 2019}

236 Units Sold

885k

$

Average Selling Price

|

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

240

$900,000

230

$800,000 $700,000

220

$600,000 $500,000

210

$400,000

200

$300,000 $200,000

190

$100,000 $-

180

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

20%

20%

-

13%

3%

-20%

2020

$885,568

$868,716

2%

$705,000

236

48

2019

$737,464

$721,140

2%

$623,800

229

61

2018

$764,882

$751,599

2%

$643,900

201

53

2017

$689,342

$684,972

2%

$596,175

222

54

2016

$650,137

$640,677

1%

$569,950

216

60

27

/ Ventura /

LA &Ventura County Q3 Market Update

|

Average SellingUnits Price Total Units Sold vs ASP $2,500,000

160 140

$2,000,000

120 100

$1,500,000

80 $1,000,000

60 40

$500,000

20 $-

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

-24%

-13%

-

17%

64%

-13%

2020

$1,798,228

$1,749,523

3%

$1,522,500

138

56

2019

$2,363,053

$2,010,767

15%

$1,299,950

84

64

2018

$1,857,814

$1,802,154

3%

$1,485,000

83

73

2017

$1,687,959

$1,632,877

3%

$1,290,024

96

62

2016

$1,492,773

$1,451,456

3%

$1,299,500

94

65

LA &Ventura County Q3 Market Update / Westlake Village / 28

at a glance {Q3 | 2020}

westlake village

-13

%

Change in Average Selling Price {2020 v 2019}

64

%

Change in Units Sold {2020 v 2019}

138 Units Sold

1.7m

$

Average Selling Price

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

WESTLAKE VILLAGE

1367RedSailCircle.com Sold at $2,740,000

AGOURA HILLS

Sold at $2,700,000 ChesebroOldAgoura.com AGOURA HILLS

Sold at $2,295,000 29606Ridgeway.com THOUSAND OAKS

Sold at $1,787,500 3303Woodley.com NEWBURY PARK

Sold at $1,600,000 2570ViaSiena.com *in order from left to right, top to bottom

sothebysrealty.com

31

/ Significant Sales /

LA &Ventura County Q3 Market Update

White Glove LUXURY BEGINS WITH SERVICE

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O N LY W I T H U S . C O M / W H I T E G L O V E © Sotheby’s International Realty, Inc. All rights reserved. Sotheby’s International Realty® is a registered trademark. 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. Certain services are provided by third parties including Sotheby’s, Sotheby’s Home, Zoom Casa and other third parties on Zoom Casa’s platform who have met insurance and other criteria required by Zoom Casa. DRE#: 899496.