October 2023 - Ventura County Market Stats

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TM

VENTURA COUNTY CA L I F O R N I A www.LuxuryHomeMarketing.com

2023

VENTURA COUNTY

SINGLE - FAMILY HOMES

LUXURY INVENTORY VS. SALES | SEPTEMBER 2023 Inventory

Sales

Luxury Benchmark Price 1: $1,300,000 $7,000,000+ $6,100,000 - $6,999,999 $5,200,000 - $6,099,999

26

0

$2,500,000 - $2,799,999

Total Sales Ratio2: 30%

18

1 17

5

18

4 9

4

$2,200,000 - $2,499,999

26

8

$2,000,000 - $2,199,999

15

7

$1,800,000 - $1,999,999

25

9

$1,600,000 - $1,799,999

26

8

$1,500,000 - $1,599,999

11

8

$1,400,000 - $1,499,999

17

9

$1,300,000 - $1,399,999

1

Seller's Market

10

2

$3,300,000 - $3,799,999 $2,800,000 - $3,299,999

Total Sales: 76

13

1

$4,500,000 - $5,199,999 $3,800,000 - $4,499,999

Total Inventory: 256

6

1

19

9

Square Feet3

Price

Beds

Baths

Sold

Inventory

Sales Ratio

-Range-

-Median Sold-

-Median Sold-

-Median Sold-

-Total-

-Total-

-Sold/Inventory-

0 - 1,999

$1,550,000

3

2

10

29

34%

2,000 - 2,999

$1,557,500

4

3

18

73

25%

3,000 - 3,999

$1,855,000

4

4

25

50

50%

4,000 - 4,999

$2,324,000

5

5

15

40

38%

5,000 - 5,999

$4,162,975

4

5

5

24

21%

6,000+

$3,745,000

5

8

3

39

8%

The luxury threshold price is set by The Institute for Luxury Home Marketing. 2Sales Ratio defines market speed and market type: Buyer's < 14.5%; Balanced >= 14.5 to < 20.5%; Seller's >= 20.5% plus. If >100% MLS® data reported previous month’s sales exceeded current inventory.

VENTURA COUNTY

SINGLE - FAMILY HOMES

13 - MONTH LUXURY MARKET TREND 4 Median Sales Price

$1,660,000

$1,717,756

262

250

$1,812,500

$1,725,000

$1,800,000

232

$1,825,000

202

195

180

177

$1,760,000

75

73

58

53

51

Sep-22

Oct-22

Nov-22

Dec-22

Jan-23

26 Feb-23

Inventory

Solds

$1,660,000

$1,625,000

$1,642,000

$1,697,500

225

240

249

196

68

69

Mar-23

Apr-23

$1,850,000

$1,860,000

266

256

103

96

82

93

76

May-23

Jun-23

Jul-23

Aug-23

Sep-23

MEDIAN DATA REVIEW | SEPTEMBER TOTAL INVENTORY Sept. 2022

Sept. 2023

262

256 VARIANCE: -2 %

SALE PRICE PER SQFT. Sept. 2022

$

Sept. 2023

648

593 VARIANCE: -8 % $

TOTAL SOLDS Sept. 2022

Sept. 2023

75

76 VARIANCE: 1 %

SALE TO LIST PRICE RATIO Sept. 2022

Sept. 2023

97.83% 98.90% VARIANCE: 1 %

SALES PRICE Sept. 2022

Sept. 2023

1.66m

$

$

1.86m VARIANCE: 12 %

DAYS ON MARKET Sept. 2022

Sept. 2023

38

54 VARIANCE: 42 %

VENTURA COUNTY MARKET SUMMARY | SEPTEMBER 2023 • The Ventura County single-family luxury market is a Seller's Market with a 30% Sales Ratio.

• Homes sold for a median of 98.90% of list price in September 2023.

• The most active price band is $1,500,000-$1,599,999, where the sales ratio is 73%.

• The median luxury sales price for single-family homes is $1,860,000.

• The median days on market for September 2023 was 54 days, up from 38 in September 2022.

Square foot table does not account for listings and solds where square foot data is not disclosed.

4 Data reported includes Active and Sold properties and does not include Pending properties.

3

VENTURA COUNTY

ATTACHED HOMES

LUXURY INVENTORY VS. SALES | SEPTEMBER 2023 Inventory

Sales

Luxury Benchmark Price 1: $650,000 $1,400,000+

9

1

$1,200,000 - $1,399,999 $1,000,000 - $1,199,999

$910,000 - $939,999 $880,000 - $909,999 $850,000 - $879,999

Seller's Market Total Sales Ratio2: 39%

4

0 2

0

3

1 1 1 2

$790,000 - $819,999

2 1

4 3 4

$730,000 - $759,999 $700,000 - $729,999

1

24

6 4

5

$670,000 - $699,999 $650,000 - $669,999

Total Sales: 38

11

3

1

$820,000 - $849,999

$760,000 - $789,999

Total Inventory: 97

3

$970,000 - $999,999 $940,000 - $969,999

8

3

14

6 4

5

Square Feet3

Price

Beds

Baths

Sold

Inventory

Sales Ratio

-Range-

-Median Sold-

-Median Sold-

-Median Sold-

-Total-

-Total-

-Sold/Inventory-

0 - 1,199

$740,000

2

2

3

10

30%

1,200 - 1,399

$690,000

2

3

6

16

38%

1,400 - 1,599

$707,500

3

3

8

14

57%

1,600 - 1,799

$721,000

3

3

3

20

15%

1,800 - 1,999

$814,450

3

3

10

23

43%

2,000+

$846,250

3

3

8

14

57%

The luxury threshold price is set by The Institute for Luxury Home Marketing. 2Sales Ratio defines market speed and market type: Buyer's < 14.5%; Balanced >= 14.5 to < 20.5%; Seller's >= 20.5% plus. If >100% MLS® data reported previous month’s sales exceeded current inventory.

VENTURA COUNTY

ATTACHED HOMES

13 - MONTH LUXURY MARKET TREND 4 Sale Price

$747,000

$742,500

118

111

$754,834

98

77

64 40

Sep-22

Oct-22

$774,000

$717,500

31

Nov-22

Dec-22

16 Jan-23

Solds

$770,000

$780,000

$760,000

$770,000

88

81

85

90

$700,000

80

66

38

Inventory

25 Feb-23

39

Mar-23

50

29

Apr-23

May-23

$735,000

97

$757,450

$750,000

98

97

59

51

52

Jun-23

Jul-23

Aug-23

38

Sep-23

MEDIAN DATA REVIEW | SEPTEMBER TOTAL INVENTORY Sept. 2022

Sept. 2023

118

TOTAL SOLDS Sept. 2022

Sept. 2023

97 VARIANCE: -18 %

38 VARIANCE: -41 %

SALE PRICE PER SQFT.

SALE TO LIST PRICE RATIO

Sept. 2022

Sept. 2023

457

$

483 VARIANCE: 6 % $

64

Sept. 2022

Sept. 2023

99.47% 100.00% VARIANCE: 1 %

SALES PRICE Sept. 2022

$

747k

Sept. 2023

750k VARIANCE: 0 % $

DAYS ON MARKET Sept. 2022

Sept. 2023

25

38 VARIANCE: 52 %

VENTURA COUNTY MARKET SUMMARY | SEPTEMBER 2023 • The Ventura County attached luxury market is a Seller's Market with a 39% Sales Ratio.

• Homes sold for a median of 100.00% of list price in September 2023.

• The most active price band is $820,000-$849,999, where the sales ratio is 200%.

• The median luxury sales price for attached homes is $750,000.

• The median days on market for September 2023 was 38 days, up from 25 in September 2022.

Square foot table does not account for listings and solds where square foot data is not disclosed.

4 Data reported includes Active and Sold properties and does not include Pending properties.

3