Ojai Market Data

Note:  Some of the links in the table below may take you to a blank page with the verbiage, “This is not a valid link.” These links have expired from the Ventura MLS and are no longer accessible.  Ojai MLS links are not affected in this way.

April 2, 2018
Here’s your Ojai Market Data for the past month (data from 3/1/18 through 3/31/18):
  • 52 new listings came on the market; 14 of these new listings are either pending sales or have already closed.  Last month we saw 51 new listings come on the market; 12 of them were pending or closed sales as of the date of our update.
  • 34 properties sold and closed (16 last month) – at an average of 94.68% of the original listing price when the property first came on the market (this figure was 95.31% last month).  Of the 34 properties that sold, offers were at full price and 4 offers were over full price (last month there were 3 full price offers and 2 over full price).
  • The average listing was on the market for 68 days before first receiving an offer.

Note:  The idea behind this last statistic is to give you an idea as to how fast the market is moving.  We’ve changed this field on the chart from “Days on the market” to “Days before 1st offer” this month (and hereafter) because the Days On Market field is too unreliable (we’ve gone back and forth on this before).  If an offer is received on a property and the agent marks the listing as “Contingent” in the MLS, the Days On Market figure keeps rising until they change it in the MLS to “Pending.”  (This would typically be changed once contingencies of the sale are released, such as the loan or inspection contingencies.)  The trouble is, many agents forget to change the listing to “Pending” until the day it actually closes, which can really skewer the numbers.  We’ve removed the old “Days On Market” numbers for 2017 on the graph below, starting anew with January, 2018.

 

There are currently 152 active listings on the market, not including properties currently listed as pending sales. (There were 142 active listings last month.)  Here’s how those listings break down:

 

  • 95 residential listings
  • 27 land listings
  • 8 commercial listings
  • 13 mobile home listings
  • 1 residential income listing
  • 6 residential condo listings
  • 2 business opportunities
Ojai sales-to-list price percentages, 3/1/18 through 3/31/18

Here’s the list of the 34 properties that sold and closed last month, including the original list price (when each property first came on the market), the final sales price, and the sales-to-list price percentage.

 

Property AddressSales PriceOriginal List PriceSales to list price % (rounded)Days before 1st offer
1225 S RICE RD #90125000125000135
320 E OJAI AVE1500001990000.86199
950 WOODLAND AVE #231800001980000.9118
E OAKCREST AVE LAND280000280000158
11586 E OAKCREST AVE280000280000158
2571 E BONMARK DR3200003500000.9158
1014 CREEKSIDE WAY #G38700038500017
139 PROSPECT ST3950003990000.9911
668 SPRING ST4100004400000.93335
495 BURNHAM RD4895004990000.9833
254 S PUEBLO AVE51000051000011
430 MONTE VIA52500052490019
29 CALLE CINCO DE MAYO525000525000125
303 DROWN AVE530000530000151
312 FERNANDO ST56000055900013
410 CHURCH RD #105870005990000.9814
1190 FOREST AVE5950005990000.9998
2451 BONMARK DR5990006890000.8796
1104 MARIANO DR6125006190000.9911
1206 SUNSET PL6300006490000.97134
211 BALD ST7100006990001.026
435 WALBRIDGE WAY7150007750000.92109
1014 WOODLAND AVE7210007290000.9926
125 BRANDT AVE79500079500012
1726 S RICE RD89500012490000.7294
421 LOS ALAMOS DR9650009950000.9795
519 W EUCALYPTUS ST100500010950000.9211
308 W EUCALYPTUS ST105000011000000.951
405 PALOMAR RD117175011950000.988
868 FAIRVIEW RD128700014650000.88171
907 EL CENTRO ST140000019950000.7206
909 CUYAMA RD144000015000000.969
3152 THACHER RD1525000152500018
802 CANADA ST237500029750000.8326
Ojai Market Data – March, 2017 through March, 2018

 

~  The Ojai market continues to be robust.  Looking at the 36 listings that closed, 12 of those 36 closings involved either full-price or above-full-price offers.

~  We had 52 new listings come on the market.  Still, listing inventory is low.  When I looked back at some of the previous Ojai Market Updates, I noted that we had 203 active listings on the market back in June, 2016.  So lack of inventory still seems to be an issue.  However, I suspect we’ll see another strong month with new listings coming on the market in April.