Today’s post will look at the Ventura County real estate market in February 2017. The number of homes sold in February was even lower than in January. Since the average Days on Market (DOM) was 71 in February, this could possibly be a result of buyers returning to the market after the holiday season and those homes just now getting into escrow. What may come as a surprise to many, especially with inventories level at only 1.64 months’ of supply, is that the average sales price was below the average listing price throughout the county. We have not seen a negative number in that category since last September. A look at the numbers coming out of March may give us some insight into if we are seeing a seasonal anomaly, or if we are starting to see some sort of trend. And for anyone looking at the Thousand Oaks numbers and wondering about the million dollar prices, this can be attributed to a couple of houses selling for $4 million dollars and one selling for $7 million (must be nice).
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
# of month’s inventory: 1.64
# of homes sold: 395
Average # of bedrooms per home: 3.3
Average # of bathrooms per home: 3.2
Average square footage: 1854
Average listing price: $646,323
Average Sale Price: $631,664
Percent difference between listing and sale price: -2.3%
Average price per square foot: $343.25
Average Days on Market (DOM): 71
Camarillo Statistics
# of homes sold: 62
Average # of bedrooms per home: 3.2
Average # of bathrooms per home: 2.5
Average square footage: 1861
Average listing price: $594,767
Average Sale Price: $582,711
Percent difference between listing and sale price: -2.0%
Average price per square foot: $331.60
Average Days on Market (DOM): 57
Fillmore Statistics
# of homes sold: 7
Average # of bedrooms per home: 3.4
Average # of bathrooms per home: 2.6
Average square footage: 1930
Average listing price: $590,714
Average Sale Price: $577,714
Percent difference between listing and sale price: -2.2%
Average price per square foot: $307.25
Average Days on Market (DOM): 69
Moorpark Statistics
# of homes sold: 18
Average # of bedrooms per home: 3.4
Average # of bathrooms per home: 2.8
Average square footage: 1893
Average listing price: $597,337
Average Sale Price: $557,895
Percent difference between listing and sale price: -1.7%
Average price per square foot: $310.99
Average Days on Market (DOM): 58
Ojai Statistics
# of homes sold: 12
Average # of bedrooms per home: 3.2
Average # of bathrooms per home: 2.1
Average square footage: 1612
Average listing price: $759,442
Average Sale Price: $743,492
Percent difference between listing and sale price: -2.1%
Average price per square foot: $462.37
Average Days on Market (DOM): 129
Oxnard Statistics
# of homes sold: 81
Average # of bedrooms per home: 3.3
Average # of bathrooms per home: 2.6
Average square footage: 1812
Average listing price: $569,866
Average Sale Price: $562,801
Percent difference between listing and sale price -1.2%
Average price per square foot: $306.70
Average Days on Market (DOM): 72
Port Hueneme Statistics
# of homes sold: 19
Average # of bedrooms per home: 2.7
Average # of bathrooms per home: 2.3
Average square footage: 1287
Average listing price: $359,526
Average Sale Price: $352,658
Percent difference between listing and sale price: -1.9%
Average price per square foot: $285.12
Average Days on Market (DOM): 75
Santa Paula Statistics
# of homes sold: 10
Average # of bedrooms per home: 2.7
Average # of bathrooms per home: 2.2
Average square footage: 1461
Average listing price: $416,250
Average Sale Price: $403,750
Percent difference between listing and sale price: -3.0%
Average price per square foot: $305.67
Average Days on Market (DOM): 87
Simi Valley Statistics
# of homes sold: 72
Average # of bedrooms per home: 3.5
Average # of bathrooms per home: 2.8
Average square footage: 1974
Average listing price: $590,394
Average Sale Price: $584,150
Percent difference between listing and sale price: -1.1%
Average price per square foot: $314.49
Average Days on Market (DOM): 58
Thousand Oaks Statistics
# of homes sold: 45
Average # of bedrooms per home: 3.7
Average # of bathrooms per home: 3.2
Average square footage: 2621
Average listing price: $1,142,587
Average Sale Price: $1,092,666
Percent difference between listing and sale price: -4.4%
Average price per square foot: $391.18
Average Days on Market (DOM): 100
Ventura Statistics
# of homes sold: 69
Average # of bedrooms per home: 3.0
Average # of bathrooms per home: 2.3
Average square footage: 1512
Average listing price: $636,006
Average Sale Price: $620,541
Percent difference between listing and sale price: -2.4%
Average price per square foot: $408.17
Average Days on Market (DOM): 69
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