Ventura County Market Update | Q3 2018

Q3 | 2018

Ventura County and Surrounding Areas

Market Update

LAKE SHERWOOD

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

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 is a great pleasure to present the Ventura County and Surrounding Areas Market Update for the third quarter of 2018.

According to the FLEX MLS, the results for single-family home sales in Ventura County and surrounding areas for the third quarter of 2018 reflect an increase of 6.5% in the average sales price from $940k in 2017 to $1.0M in 2018. The total number of units sold decreased from Q3 2017 which saw 1,137 units sold to Q3 2018 which saw 1,022 units sold, a decrease of 10%. Days on market increased to 59 days an 8.7% increase from this 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. 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

OXNARD

sothebyshomes.com/0424211 Offered at $1,999,999

Ventura County

and Surrounding Areas

06 08

Market Snapshot | All Areas

10 12 14

20 22 24 26 28

Agoura Hills Calabasas Camarillo

16 18

Featured Properties

Channel Islands (Oxnard) Lake Sherwood 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

WESTLAKE VILLAGE

sothebyshomes.com/0424228 Offered at $3,390,000

SANTA CLARITA

Offered at $4,750,000 sothebyshomes.com/0424184 CAMARILLO

Offered at $2,698,000 sothebyshomes.com/0424189 AGOURA HILLS

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

Offered at $1,279,000 sothebyshomes.com/0424274 *in order from left to right, top to bottom

sothebyshomes.com/ventura

7

/ Featured Properties / Ventura County Q3 Market Update

Market Snapshot

Ventura County | Q3 2018

l Units Sold ket Snapshot

Units vs ASP - Mkt Snapshot Calabasas

Westlake Agoura Hills Village

1,250

$1,200,000

1,200

$1,000,000

1,150 $800,000

Ventura Camarillo

1,100 $600,000 1,050 $400,000

Thousand Oaks/Newbury Park

1,000

Ojai

Channel Islands Lake Sherwood

$200,000

950

$-

900

2014

Total Units Sold 56 64 227 45 5 53 288 201 83

2015

2016

Average Selling Price

Calabasas

Total Units Sold

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

2018

Average Selling Price vs. Total Units Sold

Agoura Hills Camarillo

2017

Comparison

by Neighborhood ASP - Market Snapshot

Agoura Hills, Calabasas, Camarillo, Channel Islands, Lake Sherwood, 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

$-$-

Agoura HillsCalabasas Camarillo Agoura Camarillo Hills

Lake Sherwood Westlake Village Channel Lake Ojai Thousand Thousand Ventura Westlake Islands Sherwood Oaks/ Village Oaks/Newbury Newbury ParkPark

Average Selling Price Q3 2018 1.1m $ 1.9m $ 745k $

Agoura Hills Calabasas Camarillo

1.4m $ 1.7m $ 949k $

Channel Islands

$

Lake Sherwood Ojai

9

860k $ 752k $ 1.8m

Thousand Oaks/Newbury Park Ventura Westlake Village

/ Q3 Highlights / Ventura County Q3 Market Update

at a glance {Q3 | 2018}

agoura hills

-4

%

Change in Average Selling Price {2018 v 2017}

-22

%

Change in Units Sold {2018 v 2017}

56 Units Sold

1.1m

$

Average Selling Price

|

Average Selling Price Total Units Sold Units vs ASP

$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

2014

2015

2016

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

-5%

-4%

-

-5%

-22%

10%

2018

$1,130,593

$1,107,366

2%

$955,063

56

62

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

2015

$934,649

$918,285

2%

$760,000

68

65

2014

$901,923

$878,923

3%

$756,700

52

75

11

/ Agoura Hills / Ventura County Q3 Market Update

|

Average SellingUnits Price Total Units Sold 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

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}

24%

19%

-

6%

-25%

15%

2018

$2,028,701

$1,895,263

7%

$1,559,000

64

46

2017

$1,642,435

$1,593,654

3%

$1,475,000

85

40

2016

$1,769,343

$1,716,735

3%

$1,531,000

75

53

2015

$1,515,035

$1,468,734

3%

$1,274,000

81

62

2014

$1,602,258

$1,533,317

4%

$1,290,000

71

61

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

{2018 v 2017}

Change

Ventura County Q3 Market Update / Calabasas / 12

at a glance {Q3 | 2018}

calabasas

19

%

Change in Average Selling Price {2018 v 2017}

-25

%

Change in Units Sold {2018 v 2017}

64 Units Sold

1.9m

$

Average Selling Price

at a glance {Q3 | 2018}

camarillo

10

%

Change in Average Selling Price {2018 v 2017}

8

%

Change in Units Sold {2018 v 2017}

227 Units Sold

745k

$

Average Selling Price

|

Average Selling Price Total Units Sold Units vs ASP

$760,000

250

$740,000

240

$720,000

230

$700,000

220

$680,000 210

$660,000

200

$640,000 $620,000

190

$600,000

180

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

11%

10%

-

7%

8%

15%

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

2015

$694,368

$677,083

2%

$599,950

240

60

2014

$672,936

$658,266

2%

$540,000

201

67

15

/ Camarillo / Ventura County Q3 Market Update

|

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

60

$1,400,000

50

$1,200,000 40

$1,000,000 $800,000

30

$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

32%

31%

-

18%

-13%

-25%

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

2015

$1,149,959

$1,100,994

4%

$935,500

56

112

2014

$1,105,939

$1,046,668

5%

$889,950

52

106

Ventura County Q3 Market Update / Channel Islands / 16

at a glance {Q3 | 2018}

channel islands

31

%

Change in Average Selling Price {2018 v 2017}

-13

%

Change in Units Sold {2018 v 2017}

45 Units Sold

1.4m

$

Average Selling Price

at a glance {Q3 | 2018}

lake sherwood

-5

%

Change in Average Selling Price {2018 v 2017}

150

%

Change in Units Sold {2018 v 2017

5

Units Sold

1.7m

$

Average Selling Price

|

Average Selling Price Total Units Sold Units vs ASP

$2,000,000

7

$1,800,000

6

$1,600,000 $1,400,000

5

$1,200,000

4

$1,000,000 $800,000

3

$600,000

2

$400,000

1

$200,000 $-

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

2%

-5%

-

-16%

150%

21.3%

2018

$1,878,780

$1,715,000

9%

$1,525,000

5

67

2017

$1,847,000

$1,805,000

2%

$1,805,000

2

22

2016

$1,834,667

$1,771,167

3%

$1,352,500

6

92

2015

$1,773,625

$1,747,875

1%

$1,452,500

4

50

2014

$1,454,000

$1,389,667

4%

$1,389,000

3

76

19

/ Lake Sherwood / Ventura County Q3 Market Update

|

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

70

$1,000,000

60 50

$800,000

40 $600,000 30 $400,000

20

$200,000

10

$-

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

3%

1%

-

-6%

-5%

-7%

2018

$983,597

$948,686

4%

$700,000

53

87

2017

$955,089

$937,426

2%

$745,000

56

94

2016

$963,280

$929,742

3%

$760,000

50

107

2015

$1,010,754

$952,363

6%

$648,000

63

96

2014

$797,877

$770,629

3%

$602,250

58

101

Ventura County Q3 Market Update / Ojai

/ 20

at a glance {Q3 | 2018}

ojai

1

%

Change in Average Selling Price {2018 v 2017}

-5

%

Change in Units Sold {2018 v 2017}

53 Units Sold

949k

$

Average Selling Price

at a glance {Q3 | 2018}

thousand oaks/ newbury Park

2

%

Change in Average Selling Price {2018 v 2017}

-15

%

Change in Units Sold {2018 v 2017}

288 Units Sold

860k

$

Average Selling Price

|

Average SellingUnits Price Total Units Sold vs ASP $880,000

400

$860,000

350

$840,000

300

$820,000 $800,000

250

$780,000

200

$760,000

150

$740,000

100

$720,000 $700,000

50

$680,000

0

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

3%

2%

-

1%

-15%

20%

2018

$875,753

$859,582

2%

$775,000

288

54

2017

$851,943

$842,189

1%

$766,900

339

45

2016

$797,552

$784,800

2%

$725,000

328

61

2015

$773,214

$758,038

2%

$676,750

344

67

2014

$763,995

$746,583

2%

$660,000

269

66

23

/ Thousand Oaks/Newbury Park / Ventura County Q3 Market Update

|

Average SellingUnits Price Total Units Sold vs ASP $800,000

235

$700,000

230 225

$600,000

220

$500,000

215

$400,000

210

$300,000

205 200

$200,000

195

$100,000

190

$-

185

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

9%

10%

-

8%

-10%

0%

2018

$764,882

$751,599

2%

$643,900

201

53

2017

$698,669

$685,195

2%

$596,175

224

53

2016

$650,137

$640,677

1%

$569,950

216

60

2015

$613,685

$600,577

2%

$538,882

210

72

2014

$643,053

$628,392

2%

$519,000

231

65

Ventura County Q3 Market Update / Ventura / 24

at a glance {Q3 | 2018}

ventura

10

%

Change in Average Selling Price {2018 v 2017}

-10

%

Change in Units Sold {2018 v 2017}

201 Units Sold

752k

$

Average Selling Price

at a glance {Q3 | 2018}

westlake village

10

%

Change in Average Selling Price {2018 v 2017}

-14

%

Change in Units Sold {2018 v 2017}

83 Units Sold

1.8m

$

Average Selling Price

|

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

140

$1,800,000

120

$1,600,000 $1,400,000

100

$1,200,000

80

$1,000,000 $800,000

60

$600,000

40

$400,000

20

$200,000 $-

0

2014

2015

2016

2017

Average Selling Price

2018

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

10%

10%

-

15%

-14%

18%

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

2015

$1,554,751

$1,492,128

4%

$1,215,850

124

81

2014

$1,225,741

$1,195,415

2%

$924,000

87

85

27

/ Westlake Village / Ventura County Q3 Market Update

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

WESTLAKE VILLAGE

sothebyshomes.com/0424051 Last asking $4,900,000

AGOURA HILLS

Last asking $1,499,000 AGOURA HILLS

Last asking $1,368,000 OAK PARK

Last asking $1,279,000 THOUSAND OAKS

Last asking $1,675,000

*in order from left to right, top to bottom

sothebyshomes.com/ventura

29

/ Significant Sales / Ventura County Q3 Market Update

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