Q4 | 2017
Ventura County and Surrounding Areas
Market Update
CAMARILLO
sothebyshomes.com/0423856 Offered at $4,295,000
WESTLAKE VILLAGE
Spanish Masterpiece Last asking $3,199,000
a message from
Annette Berger
Vice President, Brokerage Manager This past quarter has proven to be challenging for many reasons; one of which was unforeseen. The Thomas Fire swept through our county and claimed over 1,000 homes. The Sotheby’s International Realty – Ventura County offices stepped into action and started donation centers thanks to wonderful volunteer agents and supplies were gathered and distributed to all those in need. We stand with our community and hope all those effected will find solidarity as we rebuild and begin a new chapter. According to FLEX MLS, results for single-family homes in Ventura and surrounding areas for the fourth quarter of 2017 reflect an increase in median selling price. Westlake Village increased 26% while Thousand Oaks increased 9% (2016 vs. 2017). Area inventory remains at an all-time low; normal days on market averages are six months and there is currently only two months of inventory. In addition, in the fourth quarter of 2017, the average days on market declined to 45 days. 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
phone
01022168
annette.berger@sothebyshomes.com
818.645.7464
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. 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
Ventura County
and Surrounding Areas
06 08
Market Shapshot | All Areas
10 12 14
20 22 24 26
Agoura Hills Calabasas Camarillo
16 18
Featured Properties
Channel Islands (Oxnard) Lake Sherwood Ojai
Thousand Oaks Ventura
Westlake Village
Featured Properties We invite you to explore our exclusive offerings at S OTHEBYS H O ME S.C O M/ VE NT U RA
AGOURA HILLS
Awe-Inspiring Highlands Estate | Offered at $2,249,000 6020macadamcourt.com
WESTLAKE VILLAGE
Offered at $7,250,000 1087vistaridgeln.com SOMIS
Offered at $4,900,000 5000aggen.com OJAI
Offered at $3,900,000 sothebyshomes.com/0424047 WESTLAKE VILLAGE
Offered at $3,600,000 sothebyshomes.com/0424044 *in order from left to right, top to bottom
sothebyshomes.com/ventura
7
/ Featured Properties / Ventura County Q4 Market Update
Market Snapshot
Ventura County | Q4 2017
Units Sold et Snapshot
$1,000,0 00
Units vs ASP - Mkt Snapshot
1000
$980,000
Agoura Hills
$960,000
Calabasas Westlake Village
950
$940,000 $920,000 900
$900,000
Ventura Camarillo
$880 ,000 $860,000
850
$840 ,000
Thousand Oaks Ojai
Channel Islands Lake Sherwood
$820,000 800
$800,000 $780,000 $760,000
750
2013 2014 2015 2016 2017
Total Units Sold 43 50 184 42 7 33 269 161 77
Average Selling Price vs. Total Units Sold
Agoura Hills
Average Selling Price
Calabasas
Total Units Sold
Camarillo Channel Islands Lake Sherwood Ojai Thousand Oaks Ventura Westlake Village
Comparison by Neighborhood Agoura Hills, Calabasas, Camarillo, Channel Islands, Lake Sherwood, Ojai, Thousand Oaks, Ventura, and Westlake Village
ASP - Market Snapshot
$2,000,000 $1,800,000 $1,600,000 $1,400,000 $1,200,000 $1,000,000 $800,000 $600,000 $400,000 $200,000 $-
Agoura Hills
Calabasas
Camarillo
Channel Islands
Lake Sherwood
Ojai
Thousand Oaks Thousand Oaks/Newbury Park
Ventura
Westlake Village
Average Selling Price Q4 2017 1.1m $ 1.7m $ 800k $
Agoura Hills Calabasas Camarillo
1.2m $ 2.0m $ 800k $
Channel Islands Lake Sherwood Ojai
9
900k $700k $ 1.6m
$
Thousand Oaks Ventura Westlake Village
/ Q4 Highlights / Ventura County Q4 Market Update
at a glance {Q4 | 2017}
agoura hills
8
%
Change in Average Selling Price {2017 v 2016}
-20
%
Change in Units Sold {2017 v 2016}
43 Units Sold
1.1m
$
Average Selling Price
|
Average SellingUnits Price Total Units Sold vs ASP $1,150,000
60
$1,100,000
50
$1,050,000
40
$1,000,000
30
$950,000
20
$900,000
10
$850,000
0
2013
2014
2015
2016
Average Selling Price
2017
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 {2017 v 2016}
Change
6%
8%
-
25%
-20%
-11%
2017
$1,119,730
$1,095,486
2%
$1,040,000
43
54
2016
$1,052,215
$1,014,513
4%
$832,500
54
60
2015
$1,034,227
$1,012,865
2%
$905,000
46
79
2014
$1,118,067
$1,044,797
7%
$907,000
47
102
2013
$997,537
$949,364
5%
$797,500
44
63
11
/ Agoura Hills / Ventura County Q4 Market Update
|
Average SellingUnits Price Total Units Sold vs ASP $1,750,000
80
$1,700,000
70
$1,650,000
60
$1,600,000
50
$1,550,000
40
$1,500,000
30
$1,450,000
20
$1,400,000
10
$1,350,000
0
2013
2014
2015
2016
Average Selling Price
2017
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
{ALP vs ASP}
Average Average Discount Median Total Average Days List Price Selling Price Ratio Selling Price Units Sold on Market {2017 v 2016}
Change
11%
13%
-
12%
-32%
36%
2017
$1,719,596
$1,668,880
3%
$1,440,000
50
80
2016
$1,545,512
$1,483,361
4%
$1,282,375
74
59
2015
$1,688,668
$1,599,974
5%
$1,133,750
70
75
2014
$1,820,810
$1,728,872
5%
$1,150,000
39
61
2013
$1,738,540
$1,673,605
4%
$1,225,000
58
64
Ventura County Q4 Market Update / Calabasas / 12
at a glance {Q4 | 2017}
calabasas
13
%
Change in Average Selling Price {2017 v 2016}
-32
%
Change in Units Sold {2017 v 2016}
50 Units Sold
1.7m
$
Average Selling Price
at a glance {Q4 | 2017}
camarillo
21
%
Change in Average Selling Price {2017 v 2016}
-16
%
Change in Units Sold {2017 v 2016}
184 Units Sold
800k
$
Average Selling Price
|
Average SellingUnits Price Total Units Sold vs ASP $850,000
180 170
$800,000
160 $750,000
150
$700,000
140 130
$650,000
120 $600,000
110
$550,000
100
2013
2014
2015
2016
Average Selling Price
2017
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 {2017 v 2016}
Change
22%
21%
-
7%
-16%
-14%
2017
$808,288
$790,350
2%
$650,000
184
62
2016
$662,721
$652,806
1%
$605,000
220
72
2015
$676,160
$659,015
3%
$588,500
182
66
2014
$648,382
$627,208
3%
$530,000
149
76
2013
$625,345
$608,728
3%
$509,500
172
71
15
/ Camarillo / Ventura County Q4 Market Update
|
Average SellingUnits Price Total Units Sold vs ASP $1,300,000
60
$1,200,000
50
$1,100,000
40
$1,000,000
30
$900,000
20
$800,000
10
$700,000
0
2013
2014
2015
2016
Average Selling Price
2017
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 parks, 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 {2017 v 2016}
Change
-7%
-5%
-
-2%
-11%
-14%
2017
$1,241,720
$1,200,941
3%
$1,007,500
42
89
2016
$1,339,817
$1,266,448
5%
$1,025,000
47
104
2015
$1,255,110
$1,202,375
4%
$1,037,500
44
157
2014
$1,000,288
$955,071
5%
$800,000
56
94
2013
$961,553
$792,624
18%
$760,000
33
100
Ventura County Q4 Market Update / Channel Islands / 16
at a glance {Q4 | 2017}
channel islands
-5
%
Change in Average Selling Price {2017 v 2016}
-11
%
Change in Units Sold {2017 v 2016}
42 Units Sold
1.2m
$
Average Selling Price
at a glance {Q4 | 2017}
lake sherwood
9
%
Change in Average Selling Price {2017 v 2016}
250
%
Change in Units Sold {2017 v 2016}
7
Units Sold
2.0m
$
Average Selling Price
|
Average SellingUnits Price Total Units Sold vs ASP $3,700,000
10
$3,400,000
9
$3,100,000
8 7
$2,800,000
6
$2,500,000
5
$2,200,000
4
$1,900,000
3
$1,600,000
2
$1,300,000
1
$1,000,000
0
2013
2014
2015
2016
Average Selling Price
2017
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 {2017 v 2016}
Change
12%
9%
-
-15%
250%
-71%
2017
$2,078,000
$1,961,786
6%
$1,520,000
7
66
2016
$1,858,500
$1,793,500
3%
$1,793,500
2
228
2015
$1,411,400
$1,381,850
2%
$1,391,000
5
119
2014
$1,751,778
$1,660,667
5%
$1,429,000
9
172
2013
$3,677,500
$3,402,500
7%
$3,402,500
2
113
19
/ Lake Sherwood / Ventura County Q4 Market Update
|
Average Selling Price Total Units Sold Units vs ASP
$1,200,000
60
$1,150,000
50
$1,100,000 $1,050,000
40
$1,000,000
30
$950,000 $900,000
20
$850,000
10
$800,000 $750,000
0
2013
2014
2015
2016
Average Selling Price
2017
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 {2017 v 2016}
Change
-31%
-28%
-
-9%
-33%
-22%
2017
$848,469
$834,998
2%
$700,000
33
83
2016
$1,232,832
$1,154,970
6%
$770,800
49
107
2015
$957,058
$904,773
5%
$615,000
55
99
2014
$911,886
$865,889
5%
$569,500
36
113
2013
$823,090
$800,539
3%
$600,000
40
98
Ventura County Q4 Market Update / Ojai
/ 20
at a glance {Q4 | 2017}
ojai
-28
%
Change in Average Selling Price {2017 v 2016}
-33
%
Change in Units Sold {2017 v 2016}
33 Units Sold
800k
$
Average Selling Price
at a glance {Q4 | 2017}
thousand oaks
8
%
Change in Average Selling Price {2017 v 2016}
11
%
Change in Units Sold {2017 v 2016}
269 Units Sold
900k
$
Average Selling Price
|
Average SellingUnits Price Total Units Sold vs ASP $900,000
280
$880,000
270
$860,000
260
$840,000
250
$820,000
240
$800,000
230
$780,000
220
$760,000
210
$740,000
200
2013
2014
2015
2016
Average Selling Price
2017
Total Units Sold
About
Thousand Oaks 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 {2017 v 2016}
Change
8%
8%
-
9%
11%
-6%
2017
$948,211
$924,595
2%
$775,000
269
62
2016
$874,057
$857,598
2%
$711,000
242
66
2015
$854,072
$830,315
3%
$685,000
267
72
2014
$784,797
$762,328
3%
$650,000
245
81
2013
$784,244
$760,698
3%
$624,950
267
67
23
/ Thousand Oaks / Ventura County Q4 Market Update
|
Average SellingUnits Price Total Units Sold vs ASP $700,000
220
$680,000
210
$660,000
200
$640,000
190
$620,000
180
$600,000
170
$580,000
160
$560,000
150
$540,000
140
2013
2014
2015
2016
Average Selling Price
2017
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 {2017 v 2016}
Change
3%
4%
-
7%
-23%
0%
2017
$696,310
$683,848
2%
$615,000
161
69
2016
$675,285
$660,192
2%
$575,200
210
69
2015
$651,601
$633,782
3%
$550,000
195
69
2014
$630,131
$608,050
4%
$505,000
193
80
2013
$574,796
$560,996
2%
$482,500
184
58
Ventura County Q4 Market Update / Ventura / 24
at a glance {Q4 | 2017}
ventura
4
%
Change in Average Selling Price {2017 v 2016}
-23
%
Change in Units Sold {2017 v 2016}
161 Units Sold
700k
$
Average Selling Price
at a glance {Q4 | 2017}
westlake village
17
%
Change in Average Selling Price {2017 v 2016}
-1
%
Change in Units Sold {2017 v 2016}
77 Units Sold
1.6m
$
Average Selling Price
|
Average SellingUnits Price Total Units Sold vs ASP $1,700,000
80
$1,600,000
75
$1,500,000 $1,400,000
70
$1,300,000
65
$1,200,000 60
$1,100,000 $1,000,000
55
2013
2014
2015
2016
Average Selling Price
2017
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 {2017 v 2016}
Change
21%
17%
-
26%
-1%
-6%
2017
$1,720,593
$1,598,098
7%
$1,350,000
77
70
2016
$1,421,386
$1,371,508
4%
$1,075,000
78
75
2015
$1,376,288
$1,244,772
10%
$900,000
65
78
2014
$1,365,321
$1,257,161
8%
$1,075,000
74
92
2013
$1,267,488
$1,189,523
6%
$900,000
77
92
27
/ Westlake Village / Ventura County Q4 Market Update
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