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VENTURA COUNTY CA L I F O R N I A www.LuxuryHomeMarketing.com
2023
VENTURA COUNTY
SINGLE - FAMILY HOMES
LUXURY INVENTORY VS. SALES | OCTOBER 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
$4,500,000 - $5,199,999 $3,800,000 - $4,499,999
Total Inventory: 256
6
1
1
17
3
17
4
1
Total Sales Ratio2: 29%
16
5
$2,200,000 - $2,499,999 $2,000,000 - $2,199,999
Seller's Market
10
1
$2,800,000 - $3,299,999
19
9 14
5
$1,800,000 - $1,999,999
24
7
$1,600,000 - $1,799,999
30
7
$1,500,000 - $1,599,999
13
6
$1,400,000 - $1,499,999
18
8
$1,300,000 - $1,399,999
1
Total Sales: 73
18
1
$3,300,000 - $3,799,999
$2,500,000 - $2,799,999
25
1
24
18
Square Feet3
Price
Beds
Baths
Sold
Inventory
Sales Ratio
-Range-
-Median Sold-
-Median Sold-
-Median Sold-
-Total-
-Total-
-Sold/Inventory-
0 - 1,999
$1,450,474
3
2
10
29
34%
2,000 - 2,999
$1,465,000
4
3
25
58
43%
3,000 - 3,999
$1,825,000
4
4
22
59
37%
4,000 - 4,999
$2,300,000
4
5
9
38
24%
5,000 - 5,999
$2,140,000
5
6
4
28
14%
6,000+
$3,750,000
8
8
3
43
7%
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
$1,717,756
250
$1,812,500
$1,725,000
$1,800,000
232
73
58
53
51
Oct-22
Nov-22
Dec-22
Jan-23
$1,825,000
202
195
180
177
$1,760,000
26 Feb-23
Inventory
$1,660,000
196
68
69
Mar-23
Apr-23
Solds
$1,625,000
$1,642,000
$1,697,500
225
240
249
$1,850,000
$1,860,000
266
256
$1,750,000
256
103
96
82
93
76
73
May-23
Jun-23
Jul-23
Aug-23
Sep-23
Oct-23
MEDIAN DATA REVIEW | OCTOBER TOTAL INVENTORY Oct. 2022
Oct. 2023
250
256 VARIANCE: 2 %
SALE PRICE PER SQFT. Oct. 2022
Oct. 2023
589
$
606 VARIANCE: 3 % $
TOTAL SOLDS Oct. 2022
Oct. 2023
73
73 VARIANCE: 0 %
SALE TO LIST PRICE RATIO Oct. 2022
Oct. 2023
97.36% 98.92% VARIANCE: 2 %
SALES PRICE Oct. 2022
Oct. 2023
1.72m
$
$
1.75m VARIANCE: 2 %
DAYS ON MARKET Oct. 2022
Oct. 2023
34
51 VARIANCE: 50 %
VENTURA COUNTY MARKET SUMMARY | OCTOBER 2023 • The Ventura County single-family luxury market is a Seller's Market with a 29% Sales Ratio. • Homes sold for a median of 98.92% of list price in October 2023. • The most active price band is $1,300,000-$1,399,999, where the sales ratio is 75%. • The median luxury sales price for single-family homes is $1,750,000. • The median days on market for October 2023 was 51 days, up from 34 in October 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.
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VENTURA COUNTY
ATTACHED HOMES
LUXURY INVENTORY VS. SALES | OCTOBER 2023 Inventory
Sales
Luxury Benchmark Price 1: $650,000 $1,400,000+
11
0
$1,200,000 - $1,399,999
6
2
$1,000,000 - $1,199,999
$850,000 - $879,999
$820,000 - $849,999 $790,000 - $819,999 $760,000 - $789,999 $730,000 - $759,999
Total Sales Ratio2: 30%
3
0 2 2
3
0
1
2 3
1
3
1
8
2
23
4
$700,000 - $729,999
9
5
$670,000 - $699,999
15
5 5 5
$650,000 - $669,999
1
Seller's Market
3
1
$910,000 - $939,999 $880,000 - $909,999
Total Sales: 33
14
4
$970,000 - $999,999 $940,000 - $969,999
Total Inventory: 110
Square Feet3
Price
Beds
Baths
Sold
Inventory
Sales Ratio
-Range-
-Median Sold-
-Median Sold-
-Median Sold-
-Total-
-Total-
-Sold/Inventory-
0 - 1,199
NA
NA
NA
0
8
0%
1,200 - 1,399
$700,000
2
2
9
18
50%
1,400 - 1,599
$690,000
3
3
7
14
50%
1,600 - 1,799
$920,000
3
3
9
18
50%
1,800 - 1,999
$770,000
4
3
1
28
4%
2,000+
$1,050,000
3
3
7
24
29%
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
$742,500
111
$754,834
98
77
40
Oct-22
$774,000
38
Nov-22
$717,500
Dec-22
16 Jan-23
Solds
$770,000
$780,000
$760,000
$770,000
88
81
85
90
$700,000
80
66 31
Inventory
25
Feb-23
39
Mar-23
Apr-23
May-23
$757,450
$750,000
98
97
97
59
50
29
$735,000
Jun-23
51
52
Jul-23
Aug-23
$735,000
110
38
33
Sep-23
Oct-23
MEDIAN DATA REVIEW | OCTOBER TOTAL INVENTORY Oct. 2022
Oct. 2023
111
TOTAL SOLDS Oct. 2022
Oct. 2023
110 VARIANCE: -1 %
33 VARIANCE: -18 %
SALE PRICE PER SQFT.
SALE TO LIST PRICE RATIO
Oct. 2022
Oct. 2023
512
498 VARIANCE: -3 %
$
$
40
Oct. 2022
Oct. 2023
100.00% 100.00% VARIANCE: 0 %
SALES PRICE Oct. 2022
Oct. 2023
743k
$
$
735k VARIANCE: -1 %
DAYS ON MARKET Oct. 2022
Oct. 2023
35
43 VARIANCE: 23 %
VENTURA COUNTY MARKET SUMMARY | OCTOBER 2023 • The Ventura County attached luxury market is a Seller's Market with a 30% Sales Ratio. • Homes sold for a median of 100.00% of list price in October 2023. • The most active price band is $650,000-$669,999, where the sales ratio is 100%. • The median luxury sales price for attached homes is $735,000. • The median days on market for October 2023 was 43 days, up from 35 in October 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