Note: Some of the links 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.
Friday, April 28, 2023
12:40 p.m.
There are three new or “coming soon” listings on the market:
1015 Moreno Drive – $1,195,000
265 Carrizo Street – $699,000 (coming soon, 5/5)
Prior “coming soon” listings now on the market:
Have a great weekend! I’ll get you the updated “things to do” list as soon as it’s updated by the Ojai Hub. [Edit: The Things to Do page has been updated.]
Pic of the Day
Thursday, April 27, 2023
11:15 a.m.
There are three new or “coming soon” listings on the market:
1103 Creekside Way #B – $799,000
Foothill Road land parcel – $1,100,000
11088 Rodeo Drive – $2,350,000 (coming soon, 4/28)
Pic of the Day
Wednesday, April 26, 2023
9:30 a.m.
There are no new listings today.
Pic of the Day
Tuesday, April 25, 2023
12:05 p.m.
There is a new listing on the market:
2477 Fordyce Road – $2,750,000
Pic of the Day
Monday, April 24, 2023
11:10 a.m.
There are two new listings on the market:
11502 N. Ventura Avenue – $4,600,000
Pic of the Day
Friday, April 21, 2023
11:50 a.m.
There are six new listings on the market:
7887 Ojai Santa Paula Road – $18,500,000
1113 Mercer Avenue – $1,500,000
4685 Grand Avenue – $2,495,000
257 S. Montgomery Street – $1,425,000
305 W. Aliso Street – $1,875,000
Just a quick note; the market is heating up again. I’ve seen and experienced some crazy things over the last few weeks. It may not equal the frenzy of 2021-2022, but I expect it will be a seller’s market through the summer.
Here are the current interest rates:
30-yr fixed: 6.66%
15-yr fixed: 6.04%
30-yr Jumbo: 6.20%
30-yr FHA: 6.25%
30-yr VA: 6.25%
Pic of the Day
Thursday, April 20, 2023
11:40 a.m.
There are three new listings on the market:
217 Sunset Street – $1,950,000
11373 Puesta Del Sol – $1,999,999
950 Woodland Avenue #29 – $329,000
Pic of the Day
Tuesday, April 18, 2023
12:30 p.m.
There are two new or “coming soon” listings on the market:
942 E. Ojai Avenue – $2,000,000
311 Shady Lane – $839,000 (coming soon, 4/28)
Recently cancelled or expired listings – back on the market:
- 407-A Bryant Circle – $1,399,000 (the listing had been cancelled on 4/15; it was listed at $1,499,999)
Pic of the Day
Monday, April 17, 2023
11:30 a.m.
There are four new or “coming soon” listings on the market (one of which already sold):
1501 La Paz Drive – $1,319,000
11088 Rodeo Drive – $2,350,000 (coming soon, 4/27)
208 Topa Topa Drive – $1,650,000
(This property sold and closed before it was listed in the MLS.)
Prior “coming soon” listings now on the market:
Pic of the Day
Friday, April 14, 2023
11:10 a.m.
There are four new or “coming soon” listings on the market:
1202 Loma Drive #106 – $349,000
1002 Ayers Avenue – $1,175,000
12055 Sulphur Mountain Road – $5,795,000 (coming soon, 4/16)
Here’s the list of things to do in Ojai; have a great weekend!
Pic of the Day
Thursday, April 13, 2023
10:45 a.m.
Three new listings have come to the market since Tuesday:
411 W. Aliso Street – $1,350,000
522-524 N. Arnaz Street – $875,000
Pic of the Day
Tuesday, April 11, 2023
10:00 a.m.
There is a new listing on the market:
Pic of the Day
Monday, April 10, 2023
2:05 p.m.
There are no new listings for today. I’ve update the 2023 Libbey Bowl concert schedule; the lineup is unbelieveable! Whoever is in charge of getting these artists to Ojai, I’m impressed with the talent you’re bringing into town. Thank you!
Pic of the Day
Friday, April 7, 2023
12:45 p.m.
There are no new listings for today. Have a great weekend!
Pic of the Day
Tree huggers!
(But seriously, click on the photo above to see a gallery of some interesting landscaping ideas.)
(Thanks to our friends at BoredPanda.com)
Thursday, April 6, 2023
9:25 a.m.
There are two new or “coming soon” listings on the market:
711 Country Drive – $1,100,000
80 High Street – $1,275,000 (coming soon, 4/26)
Prior “coming soon” listings now on the market:
Recently cancelled or expired listings, back on the market:
- 407 Bryant Circle #A – $1,499,999 (this listing was cancelled on 3/17 – it was listed at $1,575,000)
Here’s an update on the encouraging trend in interest rates (for this week anyway):
30-yr fixed: 6.16%
15-yr fixed: 5.75%
30-yr Jumbo: 5.95%
30-yr FHA: 5.75%
30-yr VA: 5.85%
Pic of the Day
Wednesday, April 5, 2023
10:20 a.m.
There are no new listings for today. In case you missed it, be sure to check out the Ojai market update from yesterday afternoon’s update!
Pic of the Day
Tuesday, April 4, 2023
2:45 p.m.
Here’s your real estate market update for current Ojai valley listings, including sales that occurred in March 2023:
~ 28 new listings came to the market in March, compared to 27 in February.
~ 16 residential properties sold in March, compared to 13 in February (does not include land parcels, commercial properties, or mobile homes).
~ Of the 16 properties that sold in March, 8 sold above list price, 1 sold at list price, and the remaining properties sold below list price. For comparison, in February, 1 of the 13 listings sold over full price, 1 sold at list price, and the remaining below list price. The average number of days on the market for properties sold in March was 59 days (68 days in February). (Note: For purposes of these statistics, “list price” is the original list price of the home and does not take into account any subsequent price reductions or increases after the home was initially listed on the market.)
~ The average sales price for homes in March was $1,203,125 while the median sales price was $855,000. (These numbers for February were $1,270,115 and $942,000 respectively.) The lowest sales price for a home in March was $577,000 while the highest sales price was $3,450,000.
~ As of today there are 31 single-family residential homes available on the market – one of which is “coming soon” (does not include land, commercial property or mobile homes). For comparison, there were 40 active listings on the market on March 6th (the date of our last market update). Of the 31 active listings on the market at this time, 5 of them are listed under $1,000,000 (there were 8 such listings on March 6th). If I remove the outlier listing in upper Ojai that’s listed at $65,000,000, the average list price for homes on the market today is $2,650,500 ($2,415,972 in March), while the median listed home price is $1,352,500 ($1,424,990 in March).
~ During the month of March there were 25 price reductions on listings (17 in February). Note: For this metric, price reductions include ALL types of listings (residential, land, mobile home, commercial) so that you have an overall view of what the entire market is doing.
~ I’ll continue to say it; as long as there is a lack of inventory I don’t see prices trending downward anytime soon. While it’s a small sample size (the month of March only), half the listings that closed sold above their initial offering price when first on the market. As a reminder about our lack of inventory, the 31 active residential listings we have on the market at this moment is about one-quarter to one-fifth of what we would typically see in a normal market! If I look at the historical data that I keep track of (independent of any MLS), I can tell you how many listings were on the market at any given time over the last several years:
November, 2015 – 162 active listings
March, 2016 – 152 active listings
September, 2016 – 163 active listings
April 2017 – 134 active listings
February, 2018 – 122 active listings
June 2018 – 149 active listings
December 2019 – 130 active listings
(Listings then dropped off precipitously with the onset of Covid)
~ So why did we still have 25 price reductions in March? My take is that some folks are pricing homes as if we’re still in the “frenzy” – which by my estimation, ended around May of last year. Properly priced homes are still selling very well.
10:05 a.m.
Two new or “coming soon” listings have come to the market since last Friday:
919 E. Matilija Street – $1,095,000 (coming soon, 4/6)
1202 Loma Drive #118 – $229,000
Recently cancelled or expired listings – back on the market:
- 975 Fairview Road – $3,550,000 (expired on 3/31)
Pic of the Day
