The Siracusa Report:
Ventura County New Housing Market Trends

Scenic Ventura County, nestled between the Pacific Ocean and the Los Padres National Forest and tucked between Santa Barbara and Los Angeles Counties, affords residents a unique coastal/inland lifestyle at once divorced from the hustle and bustle of urban L.A.; yet close enough for commuters to tap the greater region’s job and cultural amenities.

This unique environment has been the driving force behind the rapid growth in housing and jobs in Ventura County over the past 40 years. The county offers a variety of housing opportunities from individual custom homes to an entire master-planned city such as Westlake Village, the pioneering lake-oriented community initially begun in the mid-1960’s. People can choose from beach houses on the sand to golf-course fairway homes, and from low-rise townhomes and condominiums to all manner of single family homes in mostly low density suburban neighborhoods.  

This report includes:

  • The Market In Perspective
  • Market Highlights
  • Overall Sales Activity
  • Sales Summary: Detached vs Attached
  • Sales By Square Footage
  • Sales By Bed/Bath
  • Pricing Trends
  • Sales By Price Range
  • Inventory Trends
  • Inventory Status
  • Sneak Preview of New Openings
  • Residential Building Permits
  • Active Project Summaries

25 Years of Continuous Monitoring

For the past 25 years, The Siracusa Company has been providing continuous quarterly audits for all active new home tracts in Ventura County. This quarterly publication provides residential and commercial real estate developers, appraisers, lending institutions, real estate investment trusts, and others with accurate, up-to-date and objective information regarding housing development activity, pricing, sales, inventory, and other performance measures of this marketplace.

Learn More About the Market

The Ventura County edition contains instructive tables and graphs, which illustrate specific components of the market, such as active housing projects, pricing and absorption trends, sales by plan and price range, sales by square footage range, and inventory levels.

This housing market information is further delineated by submarkets, which correspond to the county’s major incorporated cities including Camarillo, Moorpark, Oxnard, Simi Valley, Thousand Oaks and Ventura. Within this context, the Oxnard submarket includes the port city of Port Hueneme; in similar fashion, the Ventura submarket includes the cities of Ojai, Fillmore and Santa Paula.

The geographic coverage also embraces the cities of Westlake Village and Agoura Hills and a portion of the city of Calabasas, all located in adjacent western Los Angeles County. The latter areas are included because along with the city of Thousand Oaks, they constitute the greater Conejo Valley region in east Ventura County and collectively constitute an integrated market area.

The report is further supplemented with current and historical information on building permits and a section summarizing future projects, such as those under construction, but not yet open for sales and others, which have a probability of starting in the months ahead.

Submarket
Areas

Active Projects

New Projects This Qtr

Total Net Sales

Sales Rate Per Week Per Project

Average Base Price

Unsold Inventory

Weeks of Inventory

Agoura

2

0

0

0.00

$0

8

0.00

Camarillo

3

0

16

0.41

$645,556

12

9.75

Moorpark

7

0

46

0.20

$790,797

33

9.33

Oxnard

17

1

106

0.48

$401,180

126

15.45

Simi Valley

7

0

23

0.25

$735,776

57

32.22

Thousand Oaks

5

0

1

0.02

$1,457,000

48

N.M.

Ventura

12

0

29

0.19

$514,850

126

56.48

Ventura County

53

1

221

0.32

$554,711

410

24.12

Frequency of Publication

The Ventura County edition is published four times a year in the months of January, April, July, and October. If you would like to purchase a single issue or an annual subscription, please download our order form

 

Copyright © 2008 The Siracusa Company, All Rights Reserved