First-Quarter SoCal Real Estate Market Update

While I am immersed in the busiest spring season for this realtor’s real estate career in years, I thought it pertinent to share with you a 1st quarter housing market update for Southern California. It’s good news indeed for you vigilant housing market watchers especially in the Ventura County area. Real estate numbers are on the up-tick and apparently not just for yours truly! Profit margins, new development, buying and selling— a majority of analysts report—is all on the incline. And although many naysayers feared another “housing bubble” debacle, the numbers remain consistently positive as does the future forecast.

Following are just a few analysts’ findings as they pertain to, specifically Southern California and Ventura County housing market numbers for this, the first quarter of 2014.

Positive Real Estate Market Numbers in SoCal

According to The Press Enterprise, KB Home, an LA based home builder discussed first quarter market results for 2014. KB Home President and CEO Jeffrey Mezger said in a conference call with analysts, “There is a strong indication that new home development in California will rise – and coastal communities will dominate the sales scene.” KB’s profits are at $10.6 million profit for the period ending Feb. 28. And he stressed that this is a profit margin milestone that hasn’t been achieved in the first quarter since back in 2007. Metzger went on to say:

Total revenues grew 11 percent to $405.2 million from the company’s delivery of 1,442 homes compared to 1,485 in the first quarter of 2013… California has some of the most dramatic examples of reposition strategy. We expect positive cross-over to positive unit sales in California at some point in the same year.

Thousand Oaks, Westlake Village Home Sales – HOT!

A February 2014 article in Ventura County Star said while some of Ventura County and parts of Southern California are experiencing a slump, the numbers emerging from the end of 2013 and now in this first quarter, indicate that luxury property sales are doing remarkably well. The Starsays some the best reports are coming from my “neck-of-the-woods” and I can vouch for that. The report says:

Homes selling in 2013 for at least $1 million in the county leapt nearly 43 percent to 780 sales up from 547 in 2012, according to San Diego-based DataQuick. Hot areas were the Thousand Oaks-Westlake Village area.

Additionally, at least according to the forecast for Ventura County as projected by Zillow, these numbers over the next year are likely to continue a steady incline. Says the Zillow forecast of current home values, expected home prices, and the Ventura County housing market overview, it’s all moving upwards:

Ventura County home values have gone up 15.3% over the past year and Zillow predicts they will rise 4.9% within the next year.

Ventura County Market Overview
(Data through Feb 28, 2014)

  • $474,700 ZHVI
  • 4.9% 1-yr forecast (Feb 28, 2015)
  • $559,000 Median listing price
  • $454,000 Median sale price

Where Luxury Steps Up to Greet You

Where luxury steps up to greet you – this is the focus for Westlake Village Realty. Beautiful homes are listed for sale now in the exquisite communities of Westlake Village, Lake Sherwood, and Thousand Oaks and Agoura Hills. If you are a potential home buyer or seller, I can help you find the perfect fit for your luxury lifestyle. For questions on any topic covered on this article or to set up a consultation to view or sell fine homes in the Conejo Valley, contact Lydia Gable today.

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Spring & Summer Fun in Conejo Valley

If you live in the Conejo Valley or you are planning on buying a home in Thousand Oaks, Westlake Village or the surrounding communities, now’s the time to explore all the summer recreation available. There are a myriad of activities here for children, adults and entire families. While the wonderful Southern California climate contributes to year-round outdoor fun, the community particularly comes alive in Thousand Oaks, Westlake Village and the vicinity during the spring and summer months. So don’t miss out! Some of these events have already started registration. Take a look at just a few of the ‘best’ summer activities that Conejo Valley has to offer.

Conejo Spring Fest & More at the Park!

Registration has begun already for the Conejo Recreation Park District – there are programs for adults and kids alike. The Recreation Program Guides are published five times a year. The guides include detailed information about various classes, programs and special sponsored events happening at the Conejo Recreation & Park District. While priority is given to district residents, programs and classes are open to non-residents as well. They have so many classes and programs for the whole family including dance, camp, arts & crafts, dog training and more. So take advantage! And don’t miss the Conejo Spring Fest on Saturday April 12th from noon-3PM at the park at Conejo Creek South Playfield. The event is for children ages 2-12 and includes egg hunts, face painting, entertainment, food and beverages.

Signed Up for Summer Camp?

Camp registration has already begun among the many camps in the area. Camp Keystone is a popular choice among residents. Keystone offers a variety of activities for campers of all ages. The Agoura Hills summer camp offers programs in water sports, leadership training, junior counselor programs and more. The camp also offers flexible scheduling and flexible transportation options to accommodate parents’ needs. Additionally, the Agoura Hills day camp location is about 25 minutes north of Los Angeles and offers transportation for campers who live between Toluca Lake and Camarillo. This is a great choice for your child especially if you are planning a move to the area or buying a summer home in the Conejo Valley any time in the near future. Open house has already begun. See more information below.

Camp Keystone 2014 Open House Dates

Sundays from 11:30am-3:30pm:
April 6th, 13th, and 27th

The Benefits of Living in Lake Sherwood

If you have just moved to Lake Sherwood, CA or are planning on buying home there, you will discover rather quickly that the area is surrounded by beauty and has so much to offer in terms of family activity. Particularly, Sherwood Lake Club offers a terrific country club environment for the entire family as well as its guests. The club offers members golf, tennis, swimming, dining and entertaining – plus a variety of daily activities – all set among the beautiful post-card setting of Lake Sherwood. As stated on its website, the Sherwood Lake Club is an “elegant clubhouse, spanning 14,000 square feet and a distinguished playground for those who appreciate the rewards that come with exclusivity.

Sherwood Lake Club
341 Williamsburg Way
Thousand Oaks, CA 91361
(805) 497-3037
jdimino@sherwooddc.com

Find Your Home in Conejo Valley

If you have ever considered buying a home in or around Sherwood Lake, Agoura Hills or Thousand Oaks, think of all the great perks you’ll enjoy. In addition to the aforementioned, there’s the Agoura Hills Summer Concert Series, top horseback riding and running trails, local road races and events for the whole family, close proximity to Malibu Beach and the mountains, and just a short commute to Los Angeles museums and Hollywood movie events.

For more information on any events listed in this blog or to view home listings in Ventura or Los Angeles County, contact Lydia Gable today at Westlake Village Realty.

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