Q1 2019 | Ventura County Market Update

Q1 | 2019

Ventura County and Surrounding Areas

Market Update

AGOURA HILLS

5440Fairview.com Offered at $1,999,000

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 first quarter of 2019. According to the FLEX MLS, the results for single-family home sales in Ventura County and surrounding areas reflected an decrease of 2% in average sales price, from $956k in Q1 2018 to $937k in Q1 2019. The total number of units sold decreased year over year, with 783 units sold in 2018 compared to 686 units sold in 2019, a decrease of 12.4%. Days on the market increased to 76 days, a 13% 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

LAKE SHERWOOD

296DavidLane.com Offered at $3,385,000

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

LAKE SHERWOOD

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

OJAI

Offered at $2,750,000 sothebyshomes.com/0424353 WESTLAKE VILLAGE

Offered at $2,299,000 sothebyshomes.com/0424295 PORT HUENEME

Offered at $1,545,000 sothebyshomes.com/0424292 AGOURA HILLS

Offered at $1,299,000 sothebyshomes.com/0424354 *in order from left to right, top to bottom

sothebyshomes.com/ventura

7

/ Featured Properties / Ventura County Q1 Market Update

Market Snapshot

Ventura County | Q1 2019

ts Sold apshot

Units vs ASP - Mkt Snapshot $980,000

800

$960,000

780

$940,000

760

$920,000

740

$900,000

720

$880 ,000

700

$860,000

680

$840 ,000

660

$820,000

640

$800,000

620

Oak Park Calabasas

Westlake Agoura Hills Village

Ventura Camarillo

Thousand Oaks/Newbury Park Ojai

Channel Islands Lake Sherwood

Total Units Sold 41 37 131 19 6 8 41 221 129 53

2015

2016

2017

2018

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

2019

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

$1,800,000 $2,000,000 $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 $$-

Agoura AgouraHills Hills

Oak Park

IslandsLake Channel Calabasas Calabasas Camarillo Channel

Islands Sherwood

Ojai Ojai

ThousandVentura Ventura Westlake Oaks/ Village Newbury Park

Average Selling Price Q1 2019 1.2m $ 1.3m $ 705k $

Agoura Hills Calabasas Camarillo

1.2m $ 1.7m $ 1.1m

$

1m $ 849k $ 778k $ 1.4m

Channel Islands

$

Lake Sherwood Oak Park

9

Ojai Thousand Oaks/Newbury Park Ventura Westlake Village

/ Q1 Highlights / Ventura County Q1 Market Update

at a glance {Q1 | 2019}

agoura hills

8

%

Change in Average Selling Price {2019 v 2018}

-11

%

Change in Units Sold {2019 v 2018}

41 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

2015

2016

2017

2018

Average Selling Price

2019

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. sothebyshomes.com/ventura

{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

7%

8%

-

12%

-11%

17%

2019

$1,281,182

$1,248,915

3%

$1,000,000

41

79

2018

$1,196,219

$1,155,228

3%

$890,000

46

67

2017

$1,116,348

$1,083,413

3%

$917,500

50

67

2016

$1,017,780

$987,802

3%

$822,500

38

94

2015

$971,644

$937,001

4%

$860,000

46

86

11

/ Agoura Hills / Ventura County Q1 Market Update

|

Average SellingUnits Price Total Units Sold vs ASP 70

$2,500,000

60

$2,000,000

50 $1,500,000

40

$1,000,000

30 20

$500,000

10

$-

0

2015

2016

2017

2018

Average Selling Price

2019

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}

-27%

-26%

-

-15%

-14%

41%

2019

$1,328,093

$1,307,295

2%

$1,211,500

37

67

2018

$1,828,421

$1,761,023

4%

$1,429,000

43

47

2017

$1,755,030

$1,681,418

4%

$1,516,500

36

58

2016

$1,992,954

$1,923,811

3%

$1,500,000

61

83

2015

$1,536,306

$1,476,777

4%

$1,200,000

51

95

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

{2019 v 2018}

Change

Ventura County Q1 Market Update / Calabasas / 12

at a glance {Q1 | 2019}

calabasas

-26

%

Change in Average Selling Price {2019 v 2018}

-14

%

Change in Units Sold {2019 v 2018}

37 Units Sold

1.3m

$

Average Selling Price

at a glance {Q1 | 2019}

camarillo

-4

%

Change in Average Selling Price {2019 v 2018}

-18

%

Change in Units Sold {2019 v 2018}

131 Units Sold

705k

$

Average Selling Price

|

Average Selling Price Total Units Sold Units vs ASP

$760,000

180

$740,000

160

$720,000

140

$700,000

120

$680,000

100

$660,000

80

$640,000

60

$620,000 $600,000

40

$580,000

20

$560,000

0

2015

2016

2017

2018

Average Selling Price

2019

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 {2019 v 2018}

Change

-4%

-4%

-

-1%

-18%

5%

2019

$717,305

$705,173

2%

$630,488

131

62

2018

$750,311

$737,102

2%

$640,000

159

59

2017

$700,168

$684,555

2%

$600,000

165

72

2016

$737,652

$718,935

3%

$593,750

166

76

2015

$640,515

$627,780

2%

$540,000

146

84

15

/ Camarillo / Ventura County Q1 Market Update

|

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

40

$1,400,000

35

$1,200,000

30

$1,000,000

25

$800,000

20

$600,000

15

$400,000

10

$200,000

5

$-

0

2015

2016

2017

2018

Average Selling Price

2019

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 {2019 v 2018}

Change

-5%

-3%

-

-5%

-24%

32%

2019

$1,249,042

$1,208,533

3%

$1,110,000

19

110

2018

$1,315,321

$1,242,391

6%

$1,170,000

33

101

2017

$1,411,783

$1,367,042

3%

$944,000

24

95

2016

$1,343,298

$1,243,298

7%

$980,000

29

105

2015

$1,129,859

$1,073,176

5%

$824,750

34

138

Ventura County Q1 Market Update / Channel Islands / 16

at a glance {Q1 | 2019}

channel islands

-3

%

Change in Average Selling Price {2019 v 2018}

-42

%

Change in Units Sold {2019 v 2018}

19 Units Sold

1.2m

$

Average Selling Price

at a glance {Q1 | 2019}

lake sherwood

1

%

Change in Average Selling Price {2019 v 2018}

50

%

Change in Units Sold {2019 v 2018}

6

Units Sold

1.7m

$

Average Selling Price

|

Average SellingUnits Price Total Units Sold vs ASP $3,500,000

7

$3,000,000

6

$2,500,000

5

$2,000,000

4

$1,500,000

3

$1,000,000

2

$500,000

1

$-

0

2015

2016

2017

2018

Average Selling Price

2019

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 {2019 v 2018}

Change

8%

1%

-

-20%

50%

69%

2019

$1,790,500

$1,706,833

5%

$1,336,250

6

90

2018

$1,659,750

$1,681,750

-1%

$1,675,000

4

53

2017

$2,003,750

$1,891,250

6%

$1,702,500

4

106

2016

$1,406,000

$1,339,326

5%

$1,411,152

4

41

2015

$3,278,750

$3,195,000

3%

$3,142,500

4

76

19

/ Lake Sherwood / Ventura County Q1 Market Update

|

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

50 45

$1,000,000

40 35

$800,000

30

$600,000

25 20

$400,000

15 10

$200,000

5

$-

0

2015

2016

2017

2018

Average Selling Price

2019

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 {2019 v 2018}

Change

3%

2%

-

-1%

17%

29%

2019

$1,162,854

$1,113,860

4%

$725,000

41

93

2018

$1,132,160

$1,090,057

4%

$729,000

35

72

2017

$837,140

$813,323

3%

$676,000

43

105

2016

$751,123

$723,265

4%

$655,000

46

104

2015

$1,008,946

$990,801

2%

$665,000

39

148

Ventura County Q1 Market Update / Ojai

/ 20

at a glance {Q1 | 2019}

ojai

2

%

Change in Average Selling Price {2019 v 2018}

17

%

Change in Units Sold {2019 v 2018}

41 Units Sold

1.1m

$

Average Selling Price

at a glance {Q1 | 2019}

oak park

6

%

Change in Average Selling Price {2019 v 2018}

-72

%

Change in Units Sold {2019 v 2018}

8

Units Sold

1.1m

$

Average Selling Price

|

Average Selling Price Total Units Sold Units vs ASP

$1,200,000

35

$1,000,000

30 25

$800,000

20 $600,000 15 $400,000

10

$200,000

5

$-

0

2015

2016

2017

2018

Average Selling Price

2019

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 seculsion of country living with the convience of a modern small town.

{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

6%

6%

-

4%

-72%

-13%

2019

$1,069,606

$1,053,813

1%

$938,750

8

54

2018

$1,006,572

$994,073

1%

$900,000

29

61

2017

$1,043,829

$1,044,985

0%

$920,000

21

57

2016

$836,160

$828,115

1%

$760,000

23

62

2015

$810,013

$792,361

2%

$763,750

18

78

23

/ Oak Park / Ventura County Q1 Market Update

|

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

225 220

$850,000

215 210

$800,000

205 200

$750,000

195 190

$700,000

185 180

$650,000

175

2015

2016

2017

2018

Average Selling Price

2019

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 {2019 v 2018}

Change

2%

2%

-

1%

5%

18%

2019

$867,844

$849,529

2%

$779,000

221

69

2018

$849,652

$835,960

2%

$770,000

211

58

2017

$836,951

$821,714

2%

$741,000

210

65

2016

$791,794

$777,907

2%

$711,850

191

76

2015

$736,289

$720,434

2%

$675,000

216

71

Ventura County Q1 Market Update / Thousand Oaks/Newbury Park / 24

at a glance {Q1 | 2019}

thousand oaks

2

%

Change in Average Selling Price {2019 v 2018}

5

%

Change in Units Sold {2019 v 2018}

221 Units Sold

800k

$

Average Selling Price

at a glance {Q1 | 2019}

ventura

7

%

Change in Average Selling Price {2019 v 2018}

-22

%

Change in Units Sold {2019 v 2018}

129 Units Sold

800k

$

Average Selling Price

|

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

180

$800,000

160

$700,000

140

$600,000

120

$500,000

100

$400,000

80

$300,000

60

$200,000

40

$100,000

20

$-

0

2015

2016

2017

2018

Average Selling Price

2019

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. sothebyshomes.com/ventura

{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

7%

7%

-

-2%

-22%

8%

2019

$797,705

$778,747

2%

$612,000

129

74

2018

$745,035

$729,185

2%

$625,000

165

68

2017

$678,754

$666,019

2%

$568,950

164

68

2016

$718,058

$698,543

3%

$570,000

159

78

2015

$594,748

$582,606

2%

$520,000

159

82

27

/ Ventura / Ventura County Q1 Market Update

|

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

80

$1,800,000

70

$1,600,000

60

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

50

$1,000,000

40

$800,000

30

$600,000

20

$400,000

10

$200,000 $-

0

2015

2016

2017

2018

Average Selling Price

2019

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. sothebyshomes.com/ventura

{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

-9%

-9%

-

-12%

-9%

-20%

2019

$1,471,167

$1,433,248

3%

$1,189,500

53

63

2018

$1,621,103

$1,583,613

2%

$1,355,000

58

79

2017

$1,908,623

$1,831,282

4%

$1,575,000

73

71

2016

$1,402,312

$1,314,677

4%

$1,152,500

58

91

2015

$1,807,483

$1,705,182

6%

$1,122,500

62

68

Ventura County Q1 Market Update / Westlake Village / 28

at a glance {Q1 | 2019}

westlake village

-9

%

Change in Average Selling Price {2019 v 2018}

-9

%

Change in Units Sold {2019 v 2018}

53 Units Sold

1.4m

$

Average Selling Price

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

SANTA CLARITA

27270RollingHills.com Offered at $4,600,000

AGOURA HILLS

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

Offered at $1,689,000 sothebyshomes.com/0424143 SANTA ROSA VALLEY

Offered at $1,245,000 sothebyshomes.com/0424347 WESTLAKE VILLAGE

Offered at $760,000 sothebyshomes.com/0424319 *in order from left to right, top to bottom

sothebyshomes.com/ventura

31

/ Significant Sales / Ventura County Q1 Market Update

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