April 6, 2017 Sue Dermott

1st Quarter Real Estate Market Update 2017 for the Conejo Valley

Here’s your 1st quarter real estate market update for the Conejo Valley and it’s looking great out there! Home values are up from 4th quarter and things are selling more quickly too, about 1-2 weeks better on average. The Spring market is here!

Average price of sold homes

Westlake Village – up 15%

Thousand Oaks East – 12%

Thousand Oaks West – 10%

Agoura/Oak Park – 1%

Newbury Park – 1%

When we look at the data, the sweet spot for activity is definitely homes priced $500,000-$999,999, but overall 558 homes sold this quarter in all price points so our inventory is selling.

Days on Market tends to increase with price point (so the more expensive the home, the longer it takes to sell), but homes that are in great condition and staged properly are the most appealing to buyers and often have multiple offers within days of going on the market. Buyer are being picky and swoop up the good ones as they come onto the market.

It’s a great time to sell if you are thinking of doing so. Give me a call – I’d love to help: 818-383-4335.

 

 

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