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.
Monday, July 31, 2023
6:35 p.m.
Three new listings have come to the market since Friday:
105 Valley Ridge Street – $845,000
1994 E. Ojai Avenue – $2,400,000
212 Foothill Road – $1,793,777
Congrats to our clients/sellers, who closed on the sale of their property at 11385 Puesta Del Sol! It was listed for $1,199,999 and closed at $1,200,000. We had fantastic cooperation and cohesiveness on this deal between the agents, as well as the sellers and buyers. it was a pleasure to work for/with such good people!
Pic of the Day
Friday, July 28, 2023
10:10 a.m.
There are four new listings on the market:
112 N. Fulton Street – $875,000
422 S. Carrillo Road – $849,999
Prior “coming soon” listings now on the market:
Pic of the Day
Wednesday, July 26, 2023
1:00 p.m.
There is a new listing on the market:
1202 Loma Drive #78 – $369,000
Pic of the Day
Tuesday, July 25, 2023
10:10 a.m.
Two new or “coming soon” listings have come to the market since Friday:
11962 Sulphur Mountain Road – $2,000,000
300 W. Santa Ana Street – $4,200,000 (coming soon, 8/13)
Here’s a quick check-in on interest rates:
30-yr fixed: 7.04%
15-yr fixed: 6.40%
30-yr Jumbo: 7.02%
30-yr FHA: 6.64%
30-yr VA: 6.64%
Pic of the Day
Friday, July 21, 2023
11:15 a.m.
There are three new listings on the market:
950 Woodland Avenue #40 – $339,000
Pic of the Day
Thursday, July 20, 2023
3:20 p.m.
No new listings have come to the market since Tuesday.
Recently cancelled or expired listings – back on the market as “new:”
- 265 Carrizo Street – $650,000 (this listing was cancelled on 6/2/23; it was last listed at $699,000).
- 1202 Loma Drive #100 – $185,000 (this listing expired 7/2/23; it was last listed at $189,000).
Pic of the Day
Tuesday, July 18, 2023
11:45 a.m.
There is a new listing on the market:
Here’s a mortgage rate update:
30-yr fixed: 6.90%
15-yr fixed: 6.31%
30-yr Jumbo: 6.90%
30-yr FHA: 6.50%
30-yr VA: 6.51%
Pic of the Day
Monday, July 17, 2023
11:15 a.m.
There is a new listing on the market:
215 Lark Ellen Avenue – $710,000
Prior “coming soon” listings now on the market:
Pic of the Day
Friday, July 14, 2023
10:05 a.m.
There are five new listings on the market:
3180 E. Ojai Avenue – $2,495,000
15994 Maricopa Highway – $495,000 (land)
Prior “coming soon” listings now on the market:
Congrats to our clients/sellers on 11950 Mustang Court, who closed on their home yesterday! This home was listed at $825,000, garnered six offers, and eventually closed at $865,000.
Pic (video) of the Day – click on photo
I found this to be interesting, if nothing else because of the engineering required to allow the house to function as it does. It’s currently listed at $5,300,000 and is located in La Mesa, California. It’s a 4 bed/4 bath, 4,700 sq. ft. home and has been on the market since 6/16/23. Enjoy the story!
Wednesday, July 12, 2023
11:10 a.m.
There are three new or “coming soon” listings on the market:
370 Prospect Street – $695,000
0 Burnham Road – $739,900 (land)
93 Don Antonio Way – $369,000 (coming soon, 7/15)
Pic of the Day
Tuesday, July 11, 2023
10:35 a.m.
There are three new listings on the market:
276 Running Ridge Trail – $4,450,000
879 S. La Luna Avenue – $1,295,000
159 N. Padre Juan Avenue – $800,000
Pic of the Day
Monday, July 10, 2023
12:45 p.m.
There are no new listings for today.
Pic of the Day
Saturday, July 8, 2023
8:05 a.m.
Since I was updating the site for the “Things to Do” page, I thought I may as well give a quick update for today. There is one new “coming soon” listing on the market.
960 Encore Street – $799,999 (coming soon, 7/15)
Here’s an interest rate update:
30-yr fixed: 7.14%
15-yr fixed: 6.50%
30-yr Jumbo: 6.95%
30-yr FHA: 6.85%
30-yr VA: 6.82%
Pic of the Day
Friday, July 7, 2023
10:10 a.m.
There are no new listings on the market for today.
Pic of the Day
Thursday, July 6, 2023
11:45 a.m.
There is one new listing on the market:
Here’s your real estate market update for current Ojai valley listings, as well as sales that occurred in June, 2023:
~ 39 new listings came to the market in June, compared to 37 in May.
~ 21 residential properties sold in June, compared to 21 in May (does not include land parcels, commercial properties, or mobile homes).
~ Of the 21 properties that sold in June, 6 sold above list price, 2 sold at list price, and the remaining properties sold below list price. For comparison, in May, 5 of the 21 listings sold over full price, 3 sold at list price, and the remaining below list price. The average number of days on the market for properties sold in June in was 41 days (41 days in May). (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 June was $1,397,685 while the median sales price was $1,285,000. (These numbers for May were $1,168,176 and $1,085,000 respectively.) The lowest sales price for a home in June was $600,000 while the highest sales price was $2,762,385.
~ As of today there are 39 single-family residential homes available on the market (does not include land, commercial property or mobile homes). For comparison, there were 38 active listings on the market on June 7th (the date of our last market update). Of the 39 active listings on the market at this time, 7 of them are listed under $1,000,000 (there were 6 such listings on June 7th). 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 $3,373,339 ($3,941,973 in June), while the median listed home price is $1,907,500 ($1,995,000 in June). There are currently two additional listings in the Ojai valley that are over $10,000,000 (in addition to the $65,000,000 property mentioned above) – so those are skewing the average list price somewhat.
~ During the month of June there were 18 price reductions on listings (19 in May). There were a few listings where the price was dropped more than once in June. 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.
~ The 39 new listings that came to the market set another high for the last 12 months, just surpassing the 37 new listings last month.
~ Curious about the “declining” market we’re supposedly in, I went back two months (May and June) and checked the closed property data for not only Ojai, but also Santa Barbara, Ventura, Camarillo and Oxnard. Here’s what I found:
Ojai: 40 listings closed at an average of 99.1% of the list price
Santa Barbara: 224 listings closed at an average of 99.4% of the list price
Ventura, Oxnard, Camarillo: 381 listings closed at an average of 100% of the list price
The point of this exercise was to see if properties were selling at a discount compared to the list price – not only for Ojai – but also for surrounding areas. As you can see, the market is still robust. Case in point, our two newest listings: 11385 Puesta Del Sol ($1,199,000) received an accepted offer and went into escrow within 1 week. I can’t reveal the price, but I can tell you it is not being sold at a discount. On 11950 Mustang Court ($825,000), we received six offers and accepted an offer within 4 days. The accepted offer is all cash with a 16-day close of escrow, and is also a good chunk of change above the list price.
Pic of the Day
Wednesday, July 5, 2023
11:05 a.m.
There are four new or “coming soon” listings on the market:
305 Oriole Street – $1,250,000
703 Fernando Street – $995,000
710 W. Heather Street – $1,100,000
509 Park Road “A” – $1,350,000 (coming soon, 7/20)
(This listing has been cancelled as of 7/6/23.)
Recently cancelled or expired listings – back on the market as new:
- 000 Ventura Avenue – $660,000 (land parcel – expired on 6/30 at same price)
Pic of the Day