Q1 | 2020
Ventura County and Surrounding Areas
Market Update
AGOURA HILLS
29453Mulholland.com Offered at $2,490,000
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 4/6/20. 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 No one will be able to fully predict the effect the coronavirus pandemic will have on the real estate market, but at Sotheby’s International Realty, the health and safety of our agents, clients, employees and community is our #1 priority. We invite you to review a summary of sales activity in the Greater Ventura County area during the first quarter of 2020, based on closed production from January – March 2020, much of which went into contract before the onset of the coronavirus pandemic. The FLEX MLS reports the following market data for this quarter, which is compared here for the same period of 2019. Heading into the second quarter of 2020, here were a few positive things in the Greater Ventura County housing market: • • •
The overall average selling price increased 15.4%, from $840K in Q1 2019 to $970K in Q1 2020 Number of units sold increased 9.9%, from 957 units sold in Q1 2019 to 1,052 units sold in Q1 2020 The average selling price increased by 26% in Westlake Village, from $1.4M to $1.8M in Q1 2020
Real estate is all about location, location, location and location is our local community. Here are a few local organizations which you can help: • • •
Manna Food Bank Many Mansions Casa Pacifica
During this unprecedented time, we are continuing to represent clients who want or need to sell a home and our local teams are working hard continuing to conduct the business of real estate. We are committed to providing the highest quality service and will to continue to support our buyers and sellers using state-of-the-art technology and a suite of virtual marketing tools which make it easy to view and experience the finest real estate in the world from the safety of one’s home. As always, our goal in sharing market data with you is to create a better understanding of the trends affecting our unique housing market. We hope you find it to be a valuable resource and look forward to working with you to meet your real estate needs now and in the future. If you have any questions about the Greater Ventura County market or surrounding area, please do not hesitate to reach out to me or any of our independent sales associates at 805.495.2000. sothebyshomes.com/ventura
dre
phone
01022168
annette.berger@sir.com
805.495.2000
AGOURA HILLS
29708MulhollandHighway.com Exclusive - Offered at $3,495,000
Ventura County
and Surrounding Areas
06 08
Market Snapshot | All Areas
10
Agoura Hills
12 14 16
22 24 26 28 30
Calabasas Camarillo Channel Islands (Oxnard)
18 20
Featured Properties
Lake Sherwood Moorpark/Simi Valley Oak Park
Thousand Oaks/Newbury Park Ventura
Westlake Village Extraordinary Results
Featured Properties
VENTURA
3078SolimarBeach.com Offered at $5,500,000
LAKE SHERWOOD
Offered at $4,495,000 2102TrenthamRd.com WESTLAKE VILLAGE
Offered at $3,495,000 5296IslandForest.com WESTLAKE VILLAGE
Offered at $3,089,000 1465Kingston.com CAMARILLO
Offered at $2,949,000 1208ViaAracena.com *in order from left to right, top to bottom
sothebyshomes.com/ventura
7
/ Featured Properties / Ventura County Q1 Market Update
Market Snapshot
Ventura County | Q1 2020
Sold pshot Westlake Village
Units vs ASP - Mkt Snapshot
Agoura Hills Calabasas
$1,000,000
1,100 1,080 1,060
$950,000
Ventura
1,040
Camarillo
1,020
$900,000
1,000
Thousand Oaks/Newbury Park
Channel Islands
980 $850,000
960
Lake Sherwood
940
Simi Valley & Moorpark $800,000
920 900
$750,000
880
2016
Oak Park
Total Units Sold 42 42 166 32 7 18 317 219 146 63
2017
2018
2019
Average Selling Price vs. Total Units Sold
Agoura Hills
Average Selling Price
Calabasas
Total Units Sold
Camarillo Channel Islands Lake Sherwood Oak Park Moorpark/Simi Valley Thousand Oaks/Newbury Park Ventura Westlake Village
2020
Comparison by Neighborhood ASP - Market Snapshot
Agoura Hills, Calabasas, Camarillo, Channel Islands, Lake Sherwood, Moorpark/Simi Valley, Oak Park, Thousand Oaks/ Newbury Park, Ventura, and Westlake Village
$7,000,000 $6,500,000
$6,000,000 $6,000,000
$5,500,000
$5,000,000 $5,000,000 $4,500,000
$4,000,000 $4,000,000 $3,500,000
$3,000,000 $3,000,000 $2,500,000 $2,000,000 $2,000,000 $1,500,000 $1,000,000 $1,000,000
$-
$Agoura Calabasas Camarillo Channel Lake Moorpark/ Hills Islands Sherwood Simi Valley
Oak Thousand Ventura Westlake Park Oaks/ Village Newbury Park
Average Selling Price Q1 2020 1m $ 1.7m $ 739k $
Agoura Hills Calabasas Camarillo
1.2m $ 5.9m $ 735k $
Channel Islands
942k $ 993k $ 802k $ 1.8m $
Lake Sherwood Moorpark/Simi Valley
9
Oak Park Thousand Oaks/Newbury Park Ventura Westlake Village
/ Q1 Highlights / Ventura County Q1 Market Update
at a glance {Q1 | 2020}
agoura hills
-12
%
Change in Average Selling Price {2020 v 2019}
2
%
Change in Units Sold {2020 v 2019}
42 Units Sold
1.1m
$
Average Selling Price
|
Average Selling Price Total Units Sold Units 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
2016
2017
2018
2019
Average Selling Price
2020
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 {2020 v 2019}
Change
-14%
-12%
-
-5%
-5%
-32%
2020
$1,107,269
$1,095,506
1%
$947,000
42
53
2019
$1,281,182
$1,248,915
3%
$1,000,000
41
79
2018
$1,196,219
$1,155,288
3%
$890,000
46
67
2017
$1,116,348
$1,083,413
3%
$917,500
50
67
2016
$1,017,780
$987,865
3%
$822,500
38
94
11
/ Agoura Hills / Ventura County Q1 Market Update
|
Average SellingUnits Price Total Units Sold vs ASP $2,500,000
70 60
$2,000,000
50 $1,500,000
40
$1,000,000
30 20
$500,000
10
$-
0
2016
2017
2018
2019
Average Selling Price
2020
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}
34%
31%
-
18%
14%
-30%
2020
$1,774,469
$1,716,674
3%
$1,434,674
42
47
2019
$1,328,093
$1,307,295
2%
$1,211,500
37
67
2018
$1,828,421
$1,761,023
4%
$1,429,000
43
47
2017
$1,755,030
$1,681,418
4%
$1,516,500
36
58
2016
$1,992,954
$1,923,811
3%
$1,500,000
61
83
Discount Median Total Average Days Ratio Selling Price Units Sold on Market
{2020 v 2019}
Change
Ventura County Q1 Market Update / Calabasas / 12
at a glance {Q1 | 2020}
calabasas
31
%
Change in Average Selling Price {2020 v 2019}
14
%
Change in Units Sold {2020 v 2019}
42 Units Sold
1.7m
$
Average Selling Price
at a glance {Q1 | 2020}
camarillo
5
%
Change in Average Selling Price {2020 v 2019}
27
%
Change in Units Sold {2020 v 2019}
166 Units Sold
739k
$
Average Selling Price
|
Average Selling Price Total Units Sold Units vs ASP
$750,000
180
$740,000
160
$730,000
140
$720,000
120
$710,000
100
$700,000
80
$690,000
60
$680,000 $670,000
40
$660,000
20
$650,000
0
2016
2017
2018
2019
Average Selling Price
2020
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 {2020 v 2019}
Change
5%
5%
-
0%
27%
3%
2020
$753,452
$739,406
2%
$627,500
166
64
2019
$717,305
$705,173
2%
$630,488
131
62
2018
$750,311
$737,102
2%
$640,000
159
59
2017
$700,168
$684,555
2%
$600,000
165
72
2016
$737,652
$718,935
3%
$593,750
166
76
15
/ Camarillo / Ventura County Q1 Market Update
|
Average SellingUnits Price Total Units Sold vs ASP $1,400,000
35
$1,350,000
30 25
$1,300,000
20 $1,250,000 15 $1,200,000
10
$1,150,000
5
$1,100,000
0
2016
2017
2018
2019
Average Selling Price
2020
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 {2020 v 2019}
Change
4%
2%
-
-3%
68%
-7%
2020
$1,295,712
$1,233,627
5%
$1,075,300
32
103
2019
$1,249,042
$1,208,553
3%
$1,110,000
19
110
2018
$1,315,321
$1,242,391
6%
$1,170,000
33
101
2017
$1,411,783
$1,367,042
3%
$944,000
24
95
2016
$1,343,298
$1,243,134
7%
$980,000
29
105
Ventura County Q1 Market Update / Channel Islands / 16
at a glance {Q1 | 2020}
channel islands
2
%
Change in Average Selling Price {2020 v 2019}
68
%
Change in Units Sold {2020 v 2019}
32 Units Sold
1.2m
$
Average Selling Price
at a glance {Q1 | 2020}
lake sherwood
100
%
Change in Average Selling Price {2020 v 2019}
250
%
Change in Units Sold {2020 v 2019}
7
Units Sold
6
$ m Average Selling Price
|
Average SellingUnits Price Total Units Sold vs ASP $7,000,000
8
$6,000,000
7 6
$5,000,000
5
$4,000,000
4 $3,000,000
3
$2,000,000
2
$1,000,000
1
$-
0
2016
2017
2018
2019
Average Selling Price
2020
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 {2020 v 2019}
Change
100%
100%
-
63%
250%
-70%
2020
$6,183,571
$5,959,286
4%
$4,850,500
7
95
2019
$3,099,444
$2,975,000
4%
$2,975,000
2
316
2018
$3,196,200
$3,122,300
2%
$3,295,000
5
98
2017
$4,212,000
$3,978,571
6%
$4,000,000
7
213
2016
$3,972,500
$3,450,000
13%
$3,450,000
2
398
19
/ Lake Sherwood / Ventura County Q1 Market Update
|
Average Selling Price Total Units Sold Units vs ASP
$800,000
335
$700,000
330 325
$600,000
320
$500,000
315
$400,000
310
$300,000
305 300
$200,000
295
$100,000
290
$-
285
2016
2017
2018
2019
Average Selling Price
2020
Total Units Sold
About
Moorpark/Simi Valley Moorpark and Simi Valley are situated in the south east part of Ventura County and feature a seemingly endless amount of hiking and equestrian trails. These two cities feature the perfect balance of rural charm and the convenience of city 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 {2020 v 2019}
Change
10%
10%
-
8%
0%
-29%
2020
$744,711
$735,605
1%
$655,000
317
46
2019
$678,315
$667,024
2%
$607,500
316
65
2018
$657,399
$649,847
1%
$589,500
300
56
2017
$645,660
$635,869
2%
$590,500
330
61
2016
$617,511
$609,227
1%
$555,000
325
71
Ventura County Q1 Market Update / Moorpark/Simi Valley / 20
at a glance {Q1 | 2020}
moorpark/simi valley
10
%
Change in Average Selling Price {2020 v 2019}
0
%
Change in Units Sold {2020 v 2019}
317
Units Sold
736k
$
Average Selling Price
at a glance {Q1 | 2020}
oak park
-11
%
Change in Average Selling Price {2020 v 2019}
125
%
Change in Units Sold {2020 v 2019}
18 Units Sold
943k
$
Average Selling Price
|
Average Selling Price Total Units Sold Units vs ASP
$1,200,000
35
$1,000,000
30 25
$800,000
20 $600,000 15 $400,000
10
$200,000
5
$-
0
2016
2017
2018
2019
Average Selling Price
2020
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 {2020 v 2019}
Change
-11%
-11%
-
-2%
125%
-9%
2020
$956,753
$942,578
1%
$919,500
18
49
2019
$1,069,606
$1,053,813
1%
$938,750
8
54
2018
$1,006,572
$994,073
1%
$900,000
29
61
2017
$1,043,829
$1,044,985
0%
$920,000
21
57
2016
$836,160
$828,115
1%
$760,000
23
62
23
/ Oak Park / Ventura County Q1 Market Update
|
Average SellingUnits Price Total Units Sold vs ASP $1,200,000
225 220
$1,000,000
215 210
$800,000
205
$600,000
200 195
$400,000
190 185
$200,000
180
$-
175
2016
2017
2018
2019
Average Selling Price
2020
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 {2020 v 2019}
Change
17%
17%
-
3%
-1%
-20%
2020
$1,013,095
$993,085
2%
$805,000
219
55
2019
$867,844
$849,529
2%
$779,000
221
69
2018
$849,652
$835,960
2%
$770,000
211
58
2017
$836,951
$821,714
2%
$741,000
210
65
2016
$791,794
$777,907
2%
$711,850
191
76
Ventura County Q1 Market Update / Thousand Oaks/Newbury Park / 24
at a glance {Q1 | 2020}
thousand oaks
17
%
Change in Average Selling Price {2020 v 2019}
-1
%
Change in Units Sold {2020 v 2019}
219 Units Sold
1
$ m Average Selling Price
at a glance {Q1 | 2020}
ventura
3
%
Change in Average Selling Price {2020 v 2019}
13
%
Change in Units Sold {2020 v 2019}
146 Units Sold
803k
$
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
2016
2017
2018
2019
Average Selling Price
2020
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
3%
3%
-
8%
13%
-14%
2020
$821,054
$802,547
2%
$660,000
146
64
2019
$797,705
$778,747
2%
$612,000
129
74
2018
$745,035
$729,185
2%
$625,000
165
58
2017
$678,754
$666,019
2%
$568,950
164
68
2016
$718,058
$698,543
3%
$570,000
159
78
27
/ Ventura / Ventura County Q1 Market Update
|
Average SellingUnits Price Total Units Sold vs ASP $2,000,000
80
$1,800,000
70
$1,600,000
60
$1,400,000 $1,200,000
50
$1,000,000
40
$800,000
30
$600,000
20
$400,000
10
$200,000 $-
0
2016
2017
2018
2019
Average Selling Price
2020
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 {2020 v 2019}
Change
25%
26%
-
32%
19%
17%
2020
$1,840,549
$1,800,626
2%
$1,575,000
63
74
2019
$1,471,167
$1,433,248
3%
$1,189,500
53
63
2018
$1,621,103
$1,583,613
2%
$1,355,500
58
79
2017
$1,908,623
$1,831,282
4%
$1,575,000
73
71
2016
$1,402,312
$1,341,677
4%
$1,152,000
58
91
Ventura County Q1 Market Update / Westlake Village / 28
at a glance {Q1 | 2020}
westlake village
26
%
Change in Average Selling Price {2020 v 2019}
19
%
Change in Units Sold {2020 v 2019}
63 Units Sold
1.8m
$
Average Selling Price
Extraordinary Results We celebrate the notable success of our associates and clients
LOS ANGELES
2320Malcolm.com Sold at $3,300,000
AGOURA HILLS
Sold at $1,049,000 28328-Driver.com NEWBURY PARK
Sold at $850,000 921CayoGrande.com WESTLAKE VILLAGE
Sold at $812,000 2161Portola.com SIMI VALLEY
Sold at $571,000 1690Russetwood.com *in order from left to right, top to bottom
sothebyshomes.com/ventura
31
/ Significant Sales / Ventura County Q1 Market Update
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Sotheby’s International Realty® is a registered trademark. Operated by Sotheby’s International Realty, Inc.