Today’s post will look at the Ventura County real estate market in May 2016. As the summer approaches and children enter their summer break, we expect the real estate market in Ventura County to continue to heat up. Although the number of sold homes did not change much from April to May, the average days on market decreased dramatically. This data is backed up by the fact that we see homes in multiple offer situations as soon as they hit the market. With interest rates still at/near historic lows, this trend may continue for the short term. For those looking to sell their home, the market is definitely in your favor. Anyone looking to buy a home should be ready to view any house you are interested in as quickly as possible and understand that you will probably have to compete against other offers.
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, mobile homes, or commercial.
If you know anyone who is looking to buy or sell a home in the near future, please feel free to share this post with them.
Ventura County Statistics
# of months inventory: 2.26
# of homes sold: 598
Average # of bedrooms per home: 3.2
Average # of bathrooms per home: 2.4
Average square footage: 1761
Average listing price: $555,269
Average Sale Price: $566,230
Percent difference between listing and sale price: 2.0%
Average price per square foot: $328.09
Average Days on Market (DOM): 48
Camarillo Statistics
# of homes sold: 91
Average # of bedrooms per home: 3.0
Average # of bathrooms per home: 2.5
Average square footage: 1844
Average listing price: $579,125
Average Sale Price: $585,191
Percent difference between listing and sale price: 1.0%
Average price per square foot: $323.48
Average Days on Market (DOM): 47
Fillmore Statistics
# of homes sold: 10
Average # of bedrooms per home: 2.9
Average # of bathrooms per home: 2.1
Average square footage: 1489
Average listing price: $387,290
Average Sale Price: $409,550
Percent difference between listing and sale price: 5.7 %
Average price per square foot: $296.72
Average Days on Market (DOM): 49
Moorpark Statistics
# of homes sold: 37
Average # of bedrooms per home: 3.4
Average # of bathrooms per home: 2.8
Average square footage: 2030
Average listing price: $553,485
Average Sale Price: $572,400
Percent difference between listing and sale price: 3.4%
Average price per square foot: $296.97
Average Days on Market (DOM): 56
Ojai Statistics
# of homes sold: 23
Average # of bedrooms per home: 3.3
Average # of bathrooms per home: 2.5
Average square footage: 2084
Average listing price: $963,255
Average Sale Price: $941,863
Percent difference between listing and sale price: -2.2%
Average price per square foot: $459.03
Average Days on Market (DOM): 57
Oxnard Statistics
# of homes sold: 116
Average # of bedrooms per home: 3.1
Average # of bathrooms per home: 2.4
Average square footage: 1574
Average listing price: $461,259
Average Sale Price: $481,646
Percent difference between listing and sale price: 4.4 %
Average price per square foot: $311.21
Average Days on Market (DOM): 48
Port Hueneme Statistics
# of homes sold: 21
Average # of bedrooms per home: 2.5
Average # of bathrooms per home: 2.0
Average square footage: 1301
Average listing price: $325,779
Average Sale Price: $358,490
Percent difference between listing and sale price: 10.0%
Average price per square foot: $282.51
Average Days on Market (DOM): 44
Santa Paula Statistics
# of homes sold: 16
Average # of bedrooms per home: 3.5
Average # of bathrooms per home: 2.5
Average square footage: 1718
Average listing price: $446,253
Average Sale Price: $437,581
Percent difference between listing and sale price: -1.9%
Average price per square foot: $263.27
Average Days on Market (DOM): 47
Simi Valley Statistics
# of homes sold: 119
Average # of bedrooms per home: 3.5
Average # of bathrooms per home: 2.5
Average square footage: 1817
Average listing price: $542,945
Average Sale Price: $541,999
Percent difference between listing and sale price: -0.2%
Average price per square foot: $312.87
Average Days on Market (DOM): 48
Thousand Oaks Statistics
# of homes sold: 84
Average # of bedrooms per home: 3.4
Average # of bathrooms per home: 2.5
Average square footage: 1951
Average listing price: $697,064
Average Sale Price: $708,869
Percent difference between listing and sale price: 1.7%
Average price per square foot: $366.19
Average Days on Market (DOM): 48
Ventura Statistics
# of homes sold: 81
Average # of bedrooms per home: 3.1
Average # of bathrooms per home: 2.3
Average square footage: 1599
Average listing price: $520,897
Average Sale Price: $542,878
Percent difference between listing and sale price: 4.2%
Average price per square foot: $344.50
Average Days on Market (DOM): 47
Ventura County Events Happening in June 2016