Today’s post will look at the Ventura County real estate market in March 2017. The number of homes sold in March was 321, which is a big increase from the 395 that were sold in February. Inventory remains at low levels and for the second straight month, the average sales price was below the average listing price throughout the county. Thanks to feedback from one of the readers of the last analysis, we realized that we were missing an important metric. Although it’s interesting to compare the listing prices to the sales price, what’s probably more telling is the year-over-year price difference. Starting with today’s post, we will now add that price difference at the top of the county row, which is a 5.2% increase from March of last year.
For purposes of this and future blog posts, Ventura County statistics are based off of the following ten cities in Ventura County: Camarillo, Fillmore, Moorpark, Ojai, Oxnard, Port Hueneme, Simi Valley, Santa Paula, Thousand Oaks, and Ventura. This data is pulled directly from the Multiple Listing Service (MLS) and may not contain information on properties that were sold off market. Number of homes sold does not include residential income, lots and lands, or commercial.
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Ventura County Statistics
Year-over-year price difference: 5.2%
# of month’s inventory: 1.76
# of homes sold: 621
Average # of bedrooms per home: 3.2
Average # of bathrooms per home: 2.6
Average square footage: 1870
Average listing price: $620,250
Average Sale Price: $608,054
Percent difference between listing and sale price: -2.0%
Average price per square foot: $340.44
Average Days on Market (DOM): 67
Camarillo Statistics
# of homes sold: 83
Average # of bedrooms per home: 3.0
Average # of bathrooms per home: 2.9
Average square footage: 1997
Average listing price: $646,549
Average Sale Price: $617,781
Percent difference between listing and sale price: -4.4%
Average price per square foot: $337.29
Average Days on Market (DOM): 80
Fillmore Statistics
# of homes sold: 13
Average # of bedrooms per home: 3.1
Average # of bathrooms per home: 2.3
Average square footage: 1517
Average listing price: $386,876
Average Sale Price: $383,191
Percent difference between listing and sale price: -1.0%
Average price per square foot: $267.32
Average Days on Market (DOM): 88
Moorpark Statistics
# of homes sold: 35
Average # of bedrooms per home: 3.6
Average # of bathrooms per home: 3.3
Average square footage: 2423
Average listing price: $720,242
Average Sale Price: $707,431
Percent difference between listing and sale price: -1.8%
Average price per square foot: $314.69
Average Days on Market (DOM): 54
Ojai Statistics
# of homes sold: 19
Average # of bedrooms per home: 3.3
Average # of bathrooms per home: 2.5
Average square footage: 1861
Average listing price: $831,832
Average Sale Price: $814,158
Percent difference between listing and sale price: -2.1%
Average price per square foot: $468.40
Average Days on Market (DOM): 82
Oxnard Statistics
# of homes sold: 111
Average # of bedrooms per home: 3.0
Average # of bathrooms per home: 2.4
Average square footage: 1629
Average listing price: $510,244
Average Sale Price: $502,082
Percent difference between listing and sale price -1.6%
Average price per square foot: $324.37
Average Days on Market (DOM): 63
Port Hueneme Statistics
# of homes sold: 18
Average # of bedrooms per home: 2.1
Average # of bathrooms per home: 1.8
Average square footage: 1075
Average listing price: $324,994
Average Sale Price: $320,500
Percent difference between listing and sale price: -1.4%
Average price per square foot: $309.83
Average Days on Market (DOM): 63
Santa Paula Statistics
# of homes sold: 19
Average # of bedrooms per home: 3.4
Average # of bathrooms per home: 2.6
Average square footage: 2109
Average listing price: $606,289
Average Sale Price: $580,553
Percent difference between listing and sale price: -4.2%
Average price per square foot: $306.53
Average Days on Market (DOM): 101
Simi Valley Statistics
# of homes sold: 141
Average # of bedrooms per home: 3.5
Average # of bathrooms per home: 2.7
Average square footage: 1966
Average listing price: $592,363
Average Sale Price: $585,093
Percent difference between listing and sale price: -1.2%
Average price per square foot: $314.51
Average Days on Market (DOM): 62
Thousand Oaks Statistics
# of homes sold: 87
Average # of bedrooms per home: 3.4
Average # of bathrooms per home: 2.8
Average square footage: 2131
Average listing price: $819,380
Average Sale Price: $808,440
Percent difference between listing and sale price: -1.3%
Average price per square foot: $370.72
Average Days on Market (DOM): 54
Ventura Statistics
# of homes sold: 95
Average # of bedrooms per home: 3.1
Average # of bathrooms per home: 2.3
Average square footage: 1611
Average listing price: $596,349
Average Sale Price: $586,864
Percent difference between listing and sale price: -1.6%
Average price per square foot: $379.18
Average Days on Market (DOM): 69