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.
March 1, 2017
Here’s your Ojai Market Data for the past month (data from 2/1/17 through 2/28/17):
- 38 new listings came on the market; 9 of these new listings are either pending sales or have already closed. Last month we saw 27 new listings come on the market; 4 of them were pending or closed sales as of the date of our update.
- 19 properties sold and closed (25 last month) – at an average of 92.53% of the original listing price when the property first came on the market (this figure was 90.92% last month). Of the 19 properties that sold, 3 offers were at full price and 2 offers were over full price (last month there were 3 full price offers and 1 over full price).
- The average listing was on the market for 115 days.
There are currently 145 active listings on the market, not including properties currently listed as pending sales. (There were 146 active listings last month.) This number is still quite low, as the number typically hovers between 180 and 200 active listings.
Ojai sales-to-list price percentages, 2/1/17 through 2/28/17
Here’s the list of the 19 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.
Ojai Market Data – February, 2016 through February, 2017
The number of new listings that came on the market in February (38) is the highest number in a single month since October of last year.
As we mentioned in our blog update on February 13, 2017, we’ve personally been having a lot of activity. At one point near the end of last week, we had 11 properties in escrow (3 on the selling side and 8 on the buying side). The one thing we’ve noticed is that most of these escrows/negotiations have not been easy; buyers and sellers are really grinding away at each other – on price, terms of the contract, and any request for repairs. It’s not a problem for us, it’s what we do. We’re simply pointing it out here because it’s a bit unusual. Both sides appear to be digging in their heels!
As is our usual prediction for the spring season, expect to see a lot of new listings coming on the market in the next 60 days.