Q2 | 2019
Ventura County and Surrounding Areas
Market Update
LAKE SHERWOOD
296DavidLane.com Offered at $3,250,000
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 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 second quarter of 2019. According to the FLEX MLS, the results for single-family home sales in Ventura County and surrounding areas reflected a decrease of 4% in average sales price, from $1M in Q2 2018 to $962K in Q2 2019. The total number of units sold decreased year over year, with 1,109 units sold in 2018 compared to 1,088 units sold in 2019, a decrease of 1.9%. Days on the market increased to 60 days, a 12.7% increase from the same time last year. Abounding with natural beauty and over 15,000 acres of open space, Thousand Oaks/ Newbury Park saw an increase of 9% in average sales price from $833K in Q2 2018 to $911K in Q2 2019. Ventura, a coastal gem approximately 27 miles from the beautiful town of Santa Barbara, saw an increase of 35% in total units sold from 177 in Q2 2018 to 239 in Q2 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
phone
01022168
annette.berger@sothebyshomes.com
805.495.2000
THOUSAND OAKS
4514RayburnStreet.com Offered at $2,275,000
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
HOLLYWOOD BEACH
3373HarborBlvd.com Offered at $1,850,000
SPANISH HILLS
Offered at $3,250,000 sothebyshomes.com/0424412 WESTLAKE VILLAGE
Offered at $3,199,999 sothebyshomes.com/0424423 NEWBURY PARK
Offered at $1,649,000 sothebyshomes.com/0424471 OAK PARK
Offered at $1,094,000 sothebyshomes.com/0424293 *in order from left to right, top to bottom
sothebyshomes.com/ventura
7
/ Featured Properties / Ventura County Q2 Market Update
Market Snapshot
Ventura County | Q2 2019
nits Sold Snapshot
Units vs ASP - Mkt Snapshot $1,050,000
1,300
Oak Park
1,250
Westlake Agoura Hills Village
$1,000,0 00 1,200
Calabasas $950,000
1,150
Ventura Camarillo
1,100
$900,000
1,050 $850,000
Thousand Oaks/Newbury Park
1,000
Ojai
Channel Islands Lake Sherwood
Total Units Sold 68 78 196 30 2 32 56 301 239 84
$800,000
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
$2,000,000 $2,000,000
$1,800,000 $1,800,000
$1,600,000 $1,600,000
$1,400,000 $1,400,000
$1,200,000 $1,200,000
$1,000,000 $1,000,000 $800,000 $800,000 $600,000 $600,000 $400,000 $400,000 $200,000 $200,000 $$-
Islands Channel Hills Oak Calabasas Agoura Agoura Calabasas Camarillo Channel Lake Hills
Park
Islands Sherwood
Ojai Ojai ThousandVentura Ventura Westlake Oaks/ Newbury Park
Village
Average Selling Price Q2 2019 1m $ 1.8m $ 706k $
Agoura Hills Calabasas Camarillo
1.2m $ 1.4m $ 1m
$
985k $ 911k $ 682k $ 1.5m
Channel Islands
$
Lake Sherwood Oak Park
9
Ojai Thousand Oaks/Newbury Park Ventura Westlake Village
/ Q2 Highlights / Ventura County Q2 Market Update
at a glance {Q2 | 2019}
agoura hills
-9
%
Change in Average Selling Price {2019 v 2018}
-7
%
Change in Units Sold {2019 v 2018}
68 Units Sold
1m
$
Average Selling Price
|
Average Selling Price Total Units Sold Units vs ASP
90
$1,200,000
80 $1,150,000
70 60
$1,100,000
50 40
$1,050,000
30 20
$1,000,000
10 $950,000
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
-11%
-9%
-
-8%
-7%
-38%
2019
$1,074,721
$1,061,545
1%
$960,000
68
51
2018
$1,211,834
$1,164,836
4%
$1,043,000
73
82
2017
$1,178,278
$1,150,499
2%
$1,060,000
69
57
2016
$1,041,478
$1,024,603
2%
$900,000
82
59
2015
$1,083,889
$1,060,021
2%
$871,500
60
65
11
/ Agoura Hills / Ventura County Q2 Market Update
|
Average SellingUnits Price Total Units Sold vs ASP $1,850,000
90
$1,800,000
88
$1,750,000
86 84
$1,700,000
82
$1,650,000
80
$1,600,000
78
$1,550,000
76
$1,500,000
74
$1,450,000
72
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}
7%
6%
-
-9%
-8%
8%
2019
$1,901,093
$1,828,537
4%
$1,310,000
78
51
2018
$1,780,655
$1,732,045
3%
$1,435,000
85
47
2017
$1,747,296
$1,674,690
4%
$1,296,500
84
49
2016
$1,691,263
$1,649,828
2%
$1,432,500
88
47
2015
$1,644,936
$1,596,906
3%
$1,262,500
84
53
Discount Median Total Average Days Ratio Selling Price Units Sold on Market
{2019 v 2018}
Change
Ventura County Q2 Market Update / Calabasas / 12
at a glance {Q2 | 2019}
calabasas
6
%
Change in Average Selling Price {2019 v 2018}
-8
%
Change in Units Sold {2019 v 2018}
78 Units Sold
1.8m
$
Average Selling Price
at a glance {Q2 | 2019}
camarillo
-2
%
Change in Average Selling Price {2019 v 2018}
-9
%
Change in Units Sold {2019 v 2018}
196 Units Sold
706k
$
Average Selling Price
|
Average Selling Price Total Units Sold Units vs ASP
$760,000
180
$740,000
160
$720,000
140
$700,000
120
$680,000
100
$660,000
80
$640,000
60
$620,000 $600,000
40
$580,000
20
$560,000
0
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%
-
-3%
-9%
32%
2019
$718,837
$706,868
2%
$620,250
196
66
2018
$730,856
$722,352
1%
$642,650
216
50
2017
$712,426
$707,571
1%
$618,000
228
53
2016
$673,114
$663,839
1%
$580,000
254
68
2015
$669,387
$655,699
2%
$573,000
237
66
15
/ Camarillo / Ventura County Q2 Market Update
|
Average SellingUnits Price Total Units Sold 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
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
4%
4%
-
-6%
-17%
15%
2019
$1,320,431
$1,282,926
3%
$1,060,000
30
89
2018
$1,268,535
$1,227,774
3%
$1,122,500
36
78
2017
$1,142,679
$1,103,808
3%
$992,500
50
96
2016
$1,290,136
$1,220,875
5%
$981,250
36
84
2015
$1,083,859
$993,155
4%
$987,000
42
94
Ventura County Q2 Market Update / Channel Islands / 16
at a glance {Q2 | 2019}
channel islands
4
%
Change in Average Selling Price {2019 v 2018}
-17
%
Change in Units Sold {2019 v 2018}
30 Units Sold
1.2m
$
Average Selling Price
at a glance {Q2 | 2019}
lake sherwood
-22
%
Change in Average Selling Price {2019 v 2018}
-60
%
Change in Units Sold {2019 v 2018}
2
Units Sold
1.5m
$
Average Selling Price
|
Average SellingUnits Price Total Units Sold vs ASP 10
$3,000,000
9
$2,500,000
8 7
$2,000,000
6
$1,500,000
5 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
-27%
-22%
-
-32%
-60%
-59%
2019
$1,494,500
$1,487,500
0%
$1,487,500
2
30
2018
$2,045,400
$1,918,000
6%
$2,200,000
5
73
2017
$2,685,760
$2,495,400
7%
$2,200,000
5
110
2016
$1,620,187
$1,587,533
2%
$1,549,800
9
53
2015
$1,688,250
$1,659,750
2%
$1,397,500
4
100
19
/ Lake Sherwood / Ventura County Q2 Market Update
|
Average SellingUnits Price Total Units Sold vs ASP $1,400,000
90 80
$1,200,000
70
$1,000,000
60
$800,000
50
$600,000
40 30
$400,000
20
$200,000
10
$-
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
-21%
-21%
-
-18%
12%
24%
2019
$997,014
$958,634
4%
$669,500
56
80
2018
$1,257,216
$1,215,514
3%
$820,000
50
106
2017
$1,114,631
$1,034,619
7%
$677,000
61
82
2016
$892,103
$858,327
4%
$685,035
79
109
2015
$860,941
$826,940
4%
$642,000
60
91
Ventura County Q2 Market Update / Ojai
/ 20
at a glance {Q2 | 2019}
ojai
-21
%
Change in Average Selling Price {2019 v 2018}
12
%
Change in Units Sold {2019 v 2018}
56 Units Sold
958k
$
Average Selling Price
at a glance {Q2 | 2019}
oak park
-6
%
Change in Average Selling Price {2019 v 2018}
14
%
Change in Units Sold {2019 v 2018}
32 Units Sold
1
$ m Average Selling Price
|
Average Selling Price Total Units Sold Units vs ASP
$1,200,000
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
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 seculsion of country living with the convience of a modern small town.
{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%
-
-9%
14%
6%
2019
$1,044,444
$1,033,450
1%
$930,000
32
40
2018
$1,100,289
$1,102,638
1%
$1,017,500
28
38
2017
$957,399
$955,947
0%
$870,000
39
44
2016
$941,569
$926,545
2%
$840,000
29
39
2015
$926,054
$914,990
1%
$832,500
48
63
23
/ Oak Park / Ventura County Q2 Market Update
|
Average SellingUnits Price Total Units Sold vs ASP $1,000,000
400
$900,000
350
$800,000
300
$700,000 $600,000
250
$500,000
200
$400,000
150
$300,000
100
$200,000
50
$100,000 $-
0
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
10%
9%
-
7%
-9%
31%
2019
$925,836
$911,022
2%
$810,000
301
58
2018
$842,541
$833,118
1%
$757,500
330
44
2017
$834,124
$824,768
1%
$759,000
338
49
2016
$819,001
$805,343
2%
$735,000
369
58
2015
$764,014
$751,847
2%
$695,000
342
62
Ventura County Q2 Market Update / Thousand Oaks/Newbury Park / 24
at a glance {Q2 | 2019}
thousand oaks
9
%
Change in Average Selling Price {2019 v 2018}
-9
%
Change in Units Sold {2019 v 2018}
301 Units Sold
911k
$
Average Selling Price
at a glance {Q2 | 2019}
ventura
-10
%
Change in Average Selling Price {2019 v 2018}
35
%
Change in Units Sold {2019 v 2018}
239 Units Sold
682k
$
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
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
-10%
-10%
-
2%
35%
32%
2019
$698,833
$682,848
2%
$639,000
239
60
2018
$778,285
$761,606
2%
$629,000
177
45
2017
$680,761
$668,547
2%
$586,500
212
51
2016
$669,356
$652,761
2%
$575,500
220
61
2015
$657,255
$639,038
3%
$530,150
222
65
27
/ Ventura / Ventura County Q2 Market Update
|
Average SellingUnits Price Total Units Sold vs ASP $1,600,000
140
$1,550,000
120
$1,500,000
100
$1,450,000
80
$1,400,000
60
$1,350,000
40
$1,300,000
20
$1,250,000
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
-5%
-4%
-
12%
-23%
-6%
2019
$1,557,095
$1,514,194
3%
$1,350,500
84
54
2018
$1,636,560
$1,577,561
4%
$1,210,000
109
58
2017
$1,447,918
$1,407,674
3%
$1,080,000
104
63
2016
$1,510,106
$1,467,644
3%
$1,150,000
113
77
2015
$1,431,735
$1,389,010
3%
$1,192,500
132
67
Ventura County Q2 Market Update / Westlake Village / 28
at a glance {Q2 | 2019}
westlake village
-4
%
Change in Average Selling Price {2019 v 2018}
-23
%
Change in Units Sold {2019 v 2018}
84 Units Sold
1.5m
$
Average Selling Price
Extraordinary Results We celebrate the notable success of our associates and clients
OLD AGOURA
5440Fairview.com Sold at $2,125,000
WESTLAKE VILLAGE
Sold at $2,150,000 sothebyshomes.com/0424295 THOUSAND OAKS
Sold at $1,750,000 sothebyshomes.com/0424360 CHANNEL ISLANDS
Sold at $1,432,000 sothebyshomes.com/0424292 SOMIS
Offered at $1,095,000 sothebyshomes.com/0424407 *in order from left to right, top to bottom
sothebyshomes.com/ventura
31
/ Significant Sales / Ventura County Q2 Market Update
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