Q3 2019 | Ventura County and Surrounding Areas Market Update

Q3 | 2019

Ventura County and Surrounding Areas

Market Update

SPANISH HILLS

1208ViaAracena.com Offered at $3,099,000

Brokerages Serving Ventura County westlake village

805.495.2000

sothebyshomes.com/ventura channel islands

805.382.8200

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 third quarter of 2019. According to the FLEX MLS, the results for single-family home sales in Ventura County and surrounding areas reflected an increase of 3.8% in average sales price, from $1.00M in Q3 2018 to $1.04M in Q3 2019. The total number of units sold increased year over year, with 1,063 units sold in 2018 compared to 1,151 units sold in 2019, an increase of 8.3%. Days on the market increased to 61 days, a 5.4% increase from the same time last year. Abounding with natural beauty and over 15,000 acres of open space, Thousand Oaks/Newbury Park had a 10% increase in average sales price, from $859K in Q3 2018 to $945K in Q3 2019. Calabasas, the youngest city in Los Angeles County, had a 23% increase in total units sold, from 64 in Q3 2018 to 79 in Q3 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

OLD AGOURA

5703Toth.com Offered at $1,285,000

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

LAKE SHERWOOD

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

WESTLAKE ISLAND

Offered at $3,550,000 sothebyshomes.com/0424518 CHANNEL ISLANDS

Offered at $1,650,000 sothebyshomes.com/0424486 THOUSAND OAKS

Offered at $1,578,000 sothebyshomes.com/0424503 NEWBURY PARK

Offered at $1,499,000 sothebyshomes.com/0424471 *in order from left to right, top to bottom

sothebyshomes.com/ventura

7

/ Featured Properties / Ventura County Q3 Market Update

its Sold napshot

Market Snapshot

Ventura County | Q3 2019

Units vs ASP - Mkt Snapshot $1,100,00 0

Oak Park Westlake Agoura Village Hills Calabasas Ventura

1,250

$1,050,000

1,200

$1,000,0 00 1,150 $950,000 1,100

Camarillo

$900,000 1,050 $850,000

Thousand Oaks/Newbury Park

1,000

$800,000

Ojai

Channel Islands Lake Sherwood

Total Units Sold 65 79 246 55 7 32 60 294 229 84

$750,000

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 $2,500,000

$2,500,000 $2,250,000

$2,000,000

$2,000,000 $1,750,000 $1,500,000

$1,500,000

$1,250,000 $1,000,000

$1,000,000 $750,000 $500,000 $500,000 $250,000 $$-

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

Park

Islands Sherwood

Ventura Ojai Ojai Thousand Ventura Westlake Oaks/ Newbury Park

Village

Average Selling Price Q3 2019 1.2m $ 1.8m $ 727k $

Agoura Hills Calabasas Camarillo

1.3m $ 2.3m $ 1.1m $

1.1m $ 946k $ 721k $ 2.0m

Channel Islands

$

Lake Sherwood Oak Park

9

Ojai Thousand Oaks/Newbury Park Ventura Westlake Village

/ Q3 Highlights / Ventura County Q3 Market Update

at a glance {Q3 | 2019}

agoura hills

6

%

Change in Average Selling Price {2019 v 2018}

16

%

Change in Units Sold {2019 v 2018}

65 Units Sold

1.2m

$

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

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%

6%

-

5%

16%

-34%

2019

$1,209,148

$1,169,858

3%

$1,000,000

65

41

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

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

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}

-9%

-5%

-

-3%

23%

35%

2019

$1,854,740

$1,798,559

3%

$1,512,000

79

63

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

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

{2019 v 2018}

Change

Ventura County Q3 Market Update / Calabasas / 12

at a glance {Q3 | 2019}

calabasas

-5

%

Change in Average Selling Price {2019 v 2018}

23

%

Change in Units Sold {2019 v 2018}

79 Units Sold

1.8m

$

Average Selling Price

at a glance {Q3 | 2019}

camarillo

-2

%

Change in Average Selling Price {2019 v 2018}

8

%

Change in Units Sold {2019 v 2018}

246 Units Sold

727k

$

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 $640,000

200

$620,000

190

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%

-

-1%

8%

-6%

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

2015

$694,368

$677,083

2%

$599,950

240

60

15

/ Camarillo / Ventura County Q3 Market Update

|

Units vs ASP

Average Selling Price Total Units Sold $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

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

-10%

-9%

-

5%

22%

48%

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

2015

$1,149,959

$1,100,994

4%

$935,500

56

112

Ventura County Q3 Market Update / Channel Islands / 16

at a glance {Q3 | 2019}

channel islands

-9

%

Change in Average Selling Price {2019 v 2018}

22

%

Change in Units Sold {2019 v 2018}

55 Units Sold

1.3m

$

Average Selling Price

at a glance {Q3 | 2019}

lake sherwood

35

%

Change in Average Selling Price {2019 v 2018}

40

%

Change in Units Sold {2019 v 2018}

7

Units Sold

2.3m

$

Average Selling Price

|

Average Selling Price Total Units Sold Units vs ASP

$2,500,000

8 7

$2,000,000

6 5

$1,500,000

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

34%

35%

-

40%

40%

40%

2019

$2,525,279

$2,312,714

8%

$2,139,000

7

94

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

19

/ Lake Sherwood / Ventura County Q3 Market Update

|

vs ASP Average SellingUnits Price Total Units Sold $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

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 seclusion of country living with the convenience 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 {2019 v 2018}

Change

6%

6%

-

10%

-22%

20%

2019

$1,108,250

$1,089,511

2%

$1,037,500

32

46

2018

$1,044,153

$1,023,941

2%

$939,000

41

38

2017

$956,959

$948,660

1%

$915,000

33

36

2016

$971,143

$915,061

6%

$852,475

32

57

2015

$959,724

$944,106

2%

$788,000

31

54

Ventura County Q3 Market Update / Oak Park / 20

at a glance {Q3 | 2019}

oak park

6

%

Change in Average Selling Price {2019 v 2018}

-22

%

Change in Units Sold {2019 v 2018}

32

Units Sold

1.1m

$

Average Selling Price

at a glance {Q3 | 2019}

ojai

16

%

Change in Average Selling Price {2019 v 2018}

13

%

Change in Units Sold {2019 v 2018}

60 Units Sold

1.1m

$

Average Selling Price

|

Units vs ASP

Average Selling Price Total Units Sold $1,150,000

70

$1,100,000

60

$1,050,000

50

$1,000,000

40

$950,000

30

$900,000

20

$850,000

10

$800,000

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

19%

16%

-

9%

13%

3%

2019

$1,173,400

$1,099,271

6%

$762,500

60

89

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

23

/ Ojai / Ventura County Q3 Market Update

|

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

350

$900,000

340

$800,000

330

$700,000

320

$600,000

310

$500,000

300

$400,000

290

$300,000 $200,000

280

$100,000

270

$-

260

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

12%

10%

-

2%

2%

7%

2019

$981,812

$945,641

4%

$787,500

294

58

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

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

at a glance {Q3 | 2019}

thousand oaks

10

%

Change in Average Selling Price {2019 v 2018}

2

%

Change in Units Sold {2019 v 2018}

294 Units Sold

946k

$

Average Selling Price

at a glance {Q3 | 2019}

ventura

-4

%

Change in Average Selling Price {2019 v 2018}

14

%

Change in Units Sold {2019 v 2018}

229 Units Sold

721k

$

Average Selling Price

|

vs ASP Average SellingUnits Price Total Units Sold $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

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

-4%

-4%

-

-3%

14%

13%

2019

$737,464

$721,140

2%

$623,800

229

61

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

27

/ Ventura / Ventura County Q3 Market Update

|

Average Selling Price Total Units Sold Units vs ASP

$2,500,000

140 120

$2,000,000

100 $1,500,000

80

$1,000,000

60 40

$500,000

20

$-

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

27%

12%

-

-12%

1%

-12%

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

2015

$1,554,751

$1,492,128

4%

$1,215,850

124

81

Ventura County Q3 Market Update / Westlake Village / 28

at a glance {Q3 | 2019}

westlake village

12

%

Change in Average Selling Price {2019 v 2018}

1

%

Change in Units Sold {2019 v 2018}

84 Units Sold

2.0m

$

Average Selling Price

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

AGOURA HILLS

SothebysHomes.com/0424277 Sold at $2,000,000

LAKE SHERWOOD

Sold at $1,580,000 sothebyshomes.com/0424343 WESTLAKE VILLAGE

Sold at $1,535,000 sothebyshomes.com/0424411 WESTLAKE VILLAGE

Sold at $1,400,000 sothebyshomes.com/0424335 WESTLAKE VILLAGE

Sold at $1,295,000 sothebyshomes.com/0424437 *in order from left to right, top to bottom

sothebyshomes.com/ventura

31

/ Significant Sales / Ventura County Q3 Market Update

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