Today’s post will look at the Ventura County real estate market in May 2017. May saw more houses sold and for higher prices than we saw in April. Days on Market (DOM) decreased slightly, coming in at 53. Prices were up 2.4% from April and a whopping 9.5% from May 2016. Looking back at the data, the prices in May 2016 were unusually lower than the rest of the year, so we don’t expect this high year-over-year increase to carry out for the rest of the year. Nevertheless, inventory remains low, so there are no obvious signs of a market slow-down anytime soon that we can see.

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: 9.5%
Month-over-month price difference: 2.4%
# of month’s inventory: 2.0
# of homes sold: 681
Average # of bedrooms per home: 3.3
Average # of bathrooms per home: 2.6
Average square footage: 1851
Average listing price: $629,144
Average Sale Price: $620,200
Percent difference between listing and sale price: -1.4%
Average price per square foot: $348.02
Average Days on Market (DOM): 53

Camarillo Statistics

# of homes sold: 109
Average # of bedrooms per home: 3.2
Average # of bathrooms per home: 2.6
Average square footage: 1890
Average listing price: $620,441
Average Sale Price: $617,265
Percent difference between listing and sale price: -0.5%
Average price per square foot: $342.61
Average Days on Market (DOM): 54

Fillmore Statistics

# of homes sold: 15
Average # of bedrooms per home: 3.4
Average # of bathrooms per home: 2.4
Average square footage: 1545
Average listing price: $429,453
Average Sale Price: $388,566
Percent difference between listing and sale price: -9.5%
Average price per square foot: $293.14
Average Days on Market (DOM): 30

Moorpark Statistics

# of homes sold: 45
Average # of bedrooms per home: 3.8
Average # of bathrooms per home: 3.3
Average square footage: 2548
Average listing price: $760,104
Average Sale Price: $752,254
Percent difference between listing and sale price: -1.0%
Average price per square foot: $309.39
Average Days on Market (DOM): 45

Ojai Statistics

# of homes sold: 22
Average # of bedrooms per home: 3.2
Average # of bathrooms per home: 2.3
Average square footage: 2155
Average listing price: $1,127,063
Average Sale Price: $1,075,739
Percent difference between listing and sale price: -4.6%
Average price per square foot: $483.04
Average Days on Market (DOM): 99

Oxnard Statistics

# of homes sold: 123
Average # of bedrooms per home: 3.3
Average # of bathrooms per home: 2.5
Average square footage: 1706
Average listing price: $526,616
Average Sale Price: $523,551
Percent difference between listing and sale price -0.6%
Average price per square foot: $320.77
Average Days on Market (DOM): 54

Port Hueneme Statistics

# of homes sold: 22
Average # of bedrooms per home: 2.6
Average # of bathrooms per home: 2.0
Average square footage: 1221
Average listing price: $374,127
Average Sale Price: $365,659
Percent difference between listing and sale price: -2.3%
Average price per square foot: $306.37
Average Days on Market (DOM): 70

Santa Paula Statistics

# of homes sold: 14
Average # of bedrooms per home: 2.9
Average # of bathrooms per home: 2.1
Average square footage: 1359
Average listing price: $466,079
Average Sale Price: $454,843
Percent difference between listing and sale price: -2.4%
Average price per square foot: $344.28
Average Days on Market (DOM): 63

Simi Valley Statistics

# of homes sold: 152
Average # of bedrooms per home: 3.5
Average # of bathrooms per home: 2.6
Average square footage: 1924
Average listing price: $616,071
Average Sale Price: $613,574
Percent difference between listing and sale price: -0.4%
Average price per square foot: $333.22
Average Days on Market (DOM): 49

Thousand Oaks Statistics

# of homes sold: 76
Average # of bedrooms per home: 3.6
Average # of bathrooms per home: 2.7
Average square footage: 2119
Average listing price: $814,438
Average Sale Price: $797,441
Percent difference between listing and sale price: -2.1%
Average price per square foot: $378.44
Average Days on Market (DOM): 54

Ventura Statistics

# of homes sold: 103
Average # of bedrooms per home: 2.9
Average # of bathrooms per home: 2.3
Average square footage: 1554
Average listing price: $585,511
Average Sale Price: $573,304
Percent difference between listing and sale price: -2.1%
Average price per square foot: $391.13
Average Days on Market (DOM): 46

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