Q2 2019 | Ventura County and Surrounding Areas Market Update

Q2 | 2019

Ventura County and Surrounding Areas

Market Update

LAKE SHERWOOD

296DavidLane.com Offered at $3,250,000

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 second quarter of 2019. According to the FLEX MLS, the results for single-family home sales in Ventura County and surrounding areas reflected a decrease of 4% in average sales price, from $1M in Q2 2018 to $962K in Q2 2019. The total number of units sold decreased year over year, with 1,109 units sold in 2018 compared to 1,088 units sold in 2019, a decrease of 1.9%. Days on the market increased to 60 days, a 12.7% increase from the same time last year. Abounding with natural beauty and over 15,000 acres of open space, Thousand Oaks/ Newbury Park saw an increase of 9% in average sales price from $833K in Q2 2018 to $911K in Q2 2019. Ventura, a coastal gem approximately 27 miles from the beautiful town of Santa Barbara, saw an increase of 35% in total units sold from 177 in Q2 2018 to 239 in Q2 2019.

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

805.495.2000

THOUSAND OAKS

4514RayburnStreet.com Offered at $2,275,000

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

HOLLYWOOD BEACH

3373HarborBlvd.com Offered at $1,850,000

SPANISH HILLS

Offered at $3,250,000 sothebyshomes.com/0424412 WESTLAKE VILLAGE

Offered at $3,199,999 sothebyshomes.com/0424423 NEWBURY PARK

Offered at $1,649,000 sothebyshomes.com/0424471 OAK PARK

Offered at $1,094,000 sothebyshomes.com/0424293 *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 2019

nits Sold Snapshot

Units vs ASP - Mkt Snapshot $1,050,000

1,300

Oak Park

1,250

Westlake Agoura Hills Village

$1,000,0 00 1,200

Calabasas $950,000

1,150

Ventura Camarillo

1,100

$900,000

1,050 $850,000

Thousand Oaks/Newbury Park

1,000

Ojai

Channel Islands Lake Sherwood

Total Units Sold 68 78 196 30 2 32 56 301 239 84

$800,000

950

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

$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 $$-

Islands Channel Hills Oak Calabasas Agoura Agoura Calabasas Camarillo Channel Lake Hills

Park

Islands Sherwood

Ojai Ojai ThousandVentura Ventura Westlake Oaks/ Newbury Park

Village

Average Selling Price Q2 2019 1m $ 1.8m $ 706k $

Agoura Hills Calabasas Camarillo

1.2m $ 1.4m $ 1m

$

985k $ 911k $ 682k $ 1.5m

Channel Islands

$

Lake Sherwood Oak Park

9

Ojai Thousand Oaks/Newbury Park Ventura Westlake Village

/ Q2 Highlights / Ventura County Q2 Market Update

at a glance {Q2 | 2019}

agoura hills

-9

%

Change in Average Selling Price {2019 v 2018}

-7

%

Change in Units Sold {2019 v 2018}

68 Units Sold

1m

$

Average Selling Price

|

Average Selling Price Total Units Sold Units vs ASP

90

$1,200,000

80 $1,150,000

70 60

$1,100,000

50 40

$1,050,000

30 20

$1,000,000

10 $950,000

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

-11%

-9%

-

-8%

-7%

-38%

2019

$1,074,721

$1,061,545

1%

$960,000

68

51

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

11

/ Agoura Hills / Ventura County Q2 Market Update

|

Average SellingUnits Price Total Units Sold vs ASP $1,850,000

90

$1,800,000

88

$1,750,000

86 84

$1,700,000

82

$1,650,000

80

$1,600,000

78

$1,550,000

76

$1,500,000

74

$1,450,000

72

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}

7%

6%

-

-9%

-8%

8%

2019

$1,901,093

$1,828,537

4%

$1,310,000

78

51

2018

$1,780,655

$1,732,045

3%

$1,435,000

85

47

2017

$1,747,296

$1,674,690

4%

$1,296,500

84

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

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

{2019 v 2018}

Change

Ventura County Q2 Market Update / Calabasas / 12

at a glance {Q2 | 2019}

calabasas

6

%

Change in Average Selling Price {2019 v 2018}

-8

%

Change in Units Sold {2019 v 2018}

78 Units Sold

1.8m

$

Average Selling Price

at a glance {Q2 | 2019}

camarillo

-2

%

Change in Average Selling Price {2019 v 2018}

-9

%

Change in Units Sold {2019 v 2018}

196 Units Sold

706k

$

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

-2%

-2%

-

-3%

-9%

32%

2019

$718,837

$706,868

2%

$620,250

196

66

2018

$730,856

$722,352

1%

$642,650

216

50

2017

$712,426

$707,571

1%

$618,000

228

53

2016

$673,114

$663,839

1%

$580,000

254

68

2015

$669,387

$655,699

2%

$573,000

237

66

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

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

4%

4%

-

-6%

-17%

15%

2019

$1,320,431

$1,282,926

3%

$1,060,000

30

89

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

$1,083,859

$993,155

4%

$987,000

42

94

Ventura County Q2 Market Update / Channel Islands / 16

at a glance {Q2 | 2019}

channel islands

4

%

Change in Average Selling Price {2019 v 2018}

-17

%

Change in Units Sold {2019 v 2018}

30 Units Sold

1.2m

$

Average Selling Price

at a glance {Q2 | 2019}

lake sherwood

-22

%

Change in Average Selling Price {2019 v 2018}

-60

%

Change in Units Sold {2019 v 2018}

2

Units Sold

1.5m

$

Average Selling Price

|

Average SellingUnits Price Total Units Sold vs ASP 10

$3,000,000

9

$2,500,000

8 7

$2,000,000

6

$1,500,000

5 4

$1,000,000

3 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

-27%

-22%

-

-32%

-60%

-59%

2019

$1,494,500

$1,487,500

0%

$1,487,500

2

30

2018

$2,045,400

$1,918,000

6%

$2,200,000

5

73

2017

$2,685,760

$2,495,400

7%

$2,200,000

5

110

2016

$1,620,187

$1,587,533

2%

$1,549,800

9

53

2015

$1,688,250

$1,659,750

2%

$1,397,500

4

100

19

/ Lake Sherwood / Ventura County Q2 Market Update

|

Average SellingUnits Price Total Units Sold 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

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

-21%

-21%

-

-18%

12%

24%

2019

$997,014

$958,634

4%

$669,500

56

80

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%

$642,000

60

91

Ventura County Q2 Market Update / Ojai

/ 20

at a glance {Q2 | 2019}

ojai

-21

%

Change in Average Selling Price {2019 v 2018}

12

%

Change in Units Sold {2019 v 2018}

56 Units Sold

958k

$

Average Selling Price

at a glance {Q2 | 2019}

oak park

-6

%

Change in Average Selling Price {2019 v 2018}

14

%

Change in Units Sold {2019 v 2018}

32 Units Sold

1

$ m Average Selling Price

|

Average Selling Price Total Units Sold Units vs ASP

$1,200,000

60

$1,000,000

50

$800,000

40

$600,000

30

$400,000

20

$200,000

10

$-

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%

-

-9%

14%

6%

2019

$1,044,444

$1,033,450

1%

$930,000

32

40

2018

$1,100,289

$1,102,638

1%

$1,017,500

28

38

2017

$957,399

$955,947

0%

$870,000

39

44

2016

$941,569

$926,545

2%

$840,000

29

39

2015

$926,054

$914,990

1%

$832,500

48

63

23

/ Oak Park / Ventura County Q2 Market Update

|

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

400

$900,000

350

$800,000

300

$700,000 $600,000

250

$500,000

200

$400,000

150

$300,000

100

$200,000

50

$100,000 $-

0

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

10%

9%

-

7%

-9%

31%

2019

$925,836

$911,022

2%

$810,000

301

58

2018

$842,541

$833,118

1%

$757,500

330

44

2017

$834,124

$824,768

1%

$759,000

338

49

2016

$819,001

$805,343

2%

$735,000

369

58

2015

$764,014

$751,847

2%

$695,000

342

62

Ventura County Q2 Market Update / Thousand Oaks/Newbury Park / 24

at a glance {Q2 | 2019}

thousand oaks

9

%

Change in Average Selling Price {2019 v 2018}

-9

%

Change in Units Sold {2019 v 2018}

301 Units Sold

911k

$

Average Selling Price

at a glance {Q2 | 2019}

ventura

-10

%

Change in Average Selling Price {2019 v 2018}

35

%

Change in Units Sold {2019 v 2018}

239 Units Sold

682k

$

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

-10%

-10%

-

2%

35%

32%

2019

$698,833

$682,848

2%

$639,000

239

60

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

$657,255

$639,038

3%

$530,150

222

65

27

/ Ventura / Ventura County Q2 Market Update

|

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

140

$1,550,000

120

$1,500,000

100

$1,450,000

80

$1,400,000

60

$1,350,000

40

$1,300,000

20

$1,250,000

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

-5%

-4%

-

12%

-23%

-6%

2019

$1,557,095

$1,514,194

3%

$1,350,500

84

54

2018

$1,636,560

$1,577,561

4%

$1,210,000

109

58

2017

$1,447,918

$1,407,674

3%

$1,080,000

104

63

2016

$1,510,106

$1,467,644

3%

$1,150,000

113

77

2015

$1,431,735

$1,389,010

3%

$1,192,500

132

67

Ventura County Q2 Market Update / Westlake Village / 28

at a glance {Q2 | 2019}

westlake village

-4

%

Change in Average Selling Price {2019 v 2018}

-23

%

Change in Units Sold {2019 v 2018}

84 Units Sold

1.5m

$

Average Selling Price

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

OLD AGOURA

5440Fairview.com Sold at $2,125,000

WESTLAKE VILLAGE

Sold at $2,150,000 sothebyshomes.com/0424295 THOUSAND OAKS

Sold at $1,750,000 sothebyshomes.com/0424360 CHANNEL ISLANDS

Sold at $1,432,000 sothebyshomes.com/0424292 SOMIS

Offered at $1,095,000 sothebyshomes.com/0424407 *in order from left to right, top to bottom

sothebyshomes.com/ventura

31

/ Significant Sales / Ventura County Q2 Market Update

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