October 2016 Ventura County Real Estate Market Analysis

Today’s post will look at the Ventura County real estate market in October 2016. October saw a decrease in the number of homes sold as compared to September as well as an increase in inventory. However, the average listing price and sales price were both up from September. In fact, the average sales price was up almost 8% from the prior month. It will be interesting to see what effect the presidential election has on the real estate market, if any, in the next couple of months.

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.

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Ventura County Statistics

# of months inventory: 3.05
# of homes sold: 602
Average # of bedrooms per home: 3.3
Average # of bathrooms per home: 2.5
Average square footage: 1839
Average listing price: $629,820
Average Sale Price: $617,339
Percent difference between listing and sale price: -2.0%
Average price per square foot: $337.53
Average Days on Market (DOM): 71

Camarillo Statistics

# of homes sold: 94
Average # of bedrooms per home: 3.4
Average # of bathrooms per home: 2.8
Average square footage: 2004
Average listing price: $636,306
Average Sale Price: $625,439
Percent difference between listing and sale price: -1.7%
Average price per square foot: $320.72
Average Days on Market (DOM): 66

Fillmore Statistics

# of homes sold: 6
Average # of bedrooms per home: 3.2
Average # of bathrooms per home: 2.0
Average square footage: 1452
Average listing price: $402,800
Average Sale Price: $389,667
Percent difference between listing and sale price: -3.3%
Average price per square foot: $271.88
Average Days on Market (DOM): 43

Moorpark Statistics

# of homes sold: 38
Average # of bedrooms per home: 3.5
Average # of bathrooms per home: 2.9
Average square footage: 2043
Average listing price: $615,346
Average Sale Price: $600,157
Percent difference between listing and sale price: -2.5%
Average price per square foot: $300.34
Average Days on Market (DOM): 61

Ojai Statistics

# of homes sold: 22
Average # of bedrooms per home: 2.6
Average # of bathrooms per home: 2.5
Average square footage: 2219
Average listing price: $1,222,664
Average Sale Price: $1,146,718
Percent difference between listing and sale price: -6.2%
Average price per square foot: $520.74
Average Days on Market (DOM): 141

Oxnard Statistics

# of homes sold: 117
Average # of bedrooms per home: 3.2
Average # of bathrooms per home: 2.5
Average square footage: 1741
Average listing price: $592,849
Average Sale Price: $579,239
Percent difference between listing and sale price -2.3%
Average price per square foot: $328.23
Average Days on Market (DOM): 74

Port Hueneme Statistics

# of homes sold: 25
Average # of bedrooms per home: 2.5
Average # of bathrooms per home: 1.8
Average square footage: 1181
Average listing price: $328,794
Average Sale Price: $323,752
Percent difference between listing and sale price: -1.5%
Average price per square foot: $277.71
Average Days on Market (DOM): 59

Santa Paula Statistics

# of homes sold: 15
Average # of bedrooms per home: 3.3
Average # of bathrooms per home: 2.3
Average square footage: 1711
Average listing price: $511,800
Average Sale Price: $510,903
Percent difference between listing and sale price: -0.2%
Average price per square foot: $347.06
Average Days on Market (DOM): 64

Simi Valley Statistics

# of homes sold: 125
Average # of bedrooms per home: 3.6
Average # of bathrooms per home: 2.8
Average square footage: 1985
Average listing price: $593,624
Average Sale Price: $586,778
Percent difference between listing and sale price: -1.2%
Average price per square foot: $310.12
Average Days on Market (DOM): 77

Thousand Oaks Statistics

# of homes sold: 67
Average # of bedrooms per home: 3.4
Average # of bathrooms per home: 2.6
Average square footage: 2037
Average listing price: $788,076
Average Sale Price: $774,607
Percent difference between listing and sale price: -1.7%
Average price per square foot: $362.23
Average Days on Market (DOM): 60

Ventura Statistics

# of homes sold: 93
Average # of bedrooms per home: 3.1
Average # of bathrooms per home: 2.2
Average square footage: 1512
Average listing price: $584,692
Average Sale Price: $577,429
Percent difference between listing and sale price: -1.2%
Average price per square foot: $377.92
Average Days on Market (DOM): 65

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