Note: Some of the links below may take you to a blank page with the verbiage, “The content of this email link is no longer available.” These links have expired from the Ventura MLS and are no longer accessible. Ojai MLS links are not affected in this way.
Wednesday, May 31, 2023
10:55 a.m.
Unbelievably, only one new listing has come to the market since last Friday:
131 S. Padre Juan Avenue – $650,000
Here’s a quick mortgage rate update:
30-yr fixed: 6.91%
15-yr fixed: 6.33%
30-yr Jumbo: 6.65%
30-yr FHA: 6.59%
30-yr VA: 6.58%
Pic of the Day
Monday, May 29, 2023
11:05 a.m.
Pic of the Day
Friday, May 26, 2023
12:55 p.m.
There was a new listing on the market:
215 S. Montgomery Street – $1,625,000 (sold)
(This property had already been sold before it was listed in the MLS.)
Have yourselves a great weekend; hopefully we’ll see some sun! This is by far the coolest spring I can recall in a long while. I’ll update the Things to Do list once I get the update from Ojai Hub. (Edit: this has been updated.)
Pic of the Day
Thursday, May 25, 2023
11:40 a.m.
There are five new or “coming soon” listings on the market:
406 N. Signal Street – $899,000
501 N. Montgomery Street – $995,000
246-248 Bundren Street – $579,000
1225 S. Rice Road #63 – $235,000
10802 Oak Knoll Road – $1,299,000 (coming soon, 6/9)
Prior “coming soon” listings, now on the market:
Pic of the Day
Wednesday, May 24, 2023
11:50 a.m.
There are two new listings on the market:
1131 Rancho Drive – $2,100,000
700 San Antonio Street – $18,000,000 (sale pending)
(This was a pending sale before it was listed in the MLS.)
Pic of the Day
Tuesday, May 23, 2023
2:05 p.m.
There are two new or “coming soon” listings on the market:
Apricot Street (land parcel) – $399,000
300 Running Ridge Trail – $2,500,000 (coming soon, 5/25)
Recently cancelled or expired listings, back on the market:
- 2460 Valley Meadow Drive – $2,495,000 (was recently cancelled on 5/16)
Pic of the Day
Monday, May 22, 2023
12:35 p.m.
There are two new listings on the market:
272 Rockaway Road – $1,375,000
1010 W. Ojai Avenue – $1,950,000
Pic of the Day
Friday, May 19, 2023
11:15 a.m.
There are four new listings on the market:
1885 Maricopa Highway #18 – $269,000
1075 Loma Drive #37 – $102,500
215-217 E. Matilija Street – $500,000
Prior “coming soon” listings now on the market:
Have a great weekend! I’ll update the Things to Do list once I get the update from Ojai Hub. (Edit: The list has been updated.)
Pic of the Day
Thursday, May 18, 2023
10:35 a.m.
There are four new listings on the market:
344 N. Alvarado Street – $899,000
1010 N. Ventura Avenue – $850,000
Prior “coming soon” listings now on the market:
Pic of the Day
Wednesday, May 17, 2023
9:00 a.m.
There are no new listings for today, but a couple of prior “coming soon” listings are now on the market:
Here’s an interest rate update:
30-yr fixed: 6.69%
15-yr fixed: 6.05%
30-yr Jumbo: 6.40%
30-yr FHA: 6.34%
30-yr VA: 6.34%
Pic of the Day
Tuesday, May 16, 2023
10:40 a.m.
There are three new or “coming soon” listings on the market:
2680 E. Ojai Avenue – $2,200,000
1975 Maricopa Highway #36 – $359,000
1655 McNell Road – $3,450,000 (coming soon, 5/17)
Recently cancelled or expired listings – back on the market as “new” listings:
- 537 Del Oro Drive – $3,200,000 (this listing was recently cancelled on 5/12, price was $2,999,000)
Pic of the Day
Friday, May 12, 2023
10:25 a.m.
There are two new listings on the market:
Pic of the Day
Thursday, May 11, 2023
10:45 a.m.
Four new or “coming soon” listings have come to the market since Monday:
565 Del Oro Drive – $4,725,000
350 Old Grade Road – $1,995,000 (coming soon, 5/12)
167 El Camino Drive – $1,275,000 (coming soon, 5/17)
Pic of the Day
Monday, May 8, 2023
12:55 p.m.
There are no new listings on the market today, but there are a couple of items of note down below.
I drove past Lake Casitas yesterday and noticed that the “island” is almost gone. I don’t think we’ll see it disappear completely this year (unless we somehow get another couple inches of rain), but for sure the water level is the highest it’s been in probably 15 years. For reference, I’ve included a photo I took in January of 2019. (Obviously, the lake was even lower last year, but it’s the most recent photo I have). As of yesterday there is still a decent amount of water that’s flowing into the lake via the Robles diversion canal.
May, 2023
January, 2019
Prior “coming soon” listings now on the market:
Recently cancelled or expired listings – back on the market as “new” listings:
- 0 Ventura Avenue – $99,000 (land parcel, last on the market 2/8/23 at the same price)
Pic of the Day
Friday, May 5, 2023
10:50 a.m.
There are two new listings on the market:
306 E. Aliso Street #F – $699,000
Prior “coming soon” listings now on the market:
Have a great weekend!
Pic of the Day
Thursday, May 4, 2023
12:20 p.m.
Here’s your real estate market update for current Ojai valley listings, including sales that occurred in April 2023:
~ 34 new listings came to the market in April, compared to 28 in March.
~ 18 residential properties sold in April, compared to 16 in March (does not include land parcels, commercial properties, or mobile homes).
~ Of the 18 properties that sold in April, 4 sold above list price, 4 sold at list price, and the remaining properties sold below list price. For comparison, in March, 8 of the 16 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 was 53 days (59 days in March). (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 April was $1,189,549 while the median sales price was $1,208,500. (These numbers for March were $1,203,125 and $855,000 respectively.) The lowest sales price for a home in April was $624,900 while the highest sales price was $3,800,000.
~ As of today there are 37 single-family residential homes available on the market – three of which are “coming soon” (does not include land, commercial property or mobile homes). For comparison, there were 31 active listings on the market on April 4th (the date of our last market update). Of the 37 active listings on the market at this time, 4 of them are listed under $1,000,000 (there were 5 such listings on April 4th). 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 $3,352,972 ($2,650,500 in April), while the median listed home price is $1,847,000 ($1,352,500 in April). There are currently three 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 April there were 11 price reductions on listings (25 in March). 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.
11:30 a.m.
There is a new “coming soon” listing on the market:
1000 Shokat Drive – $5,100,000 (coming soon, 5/5)
I’ll be running the data for the Ojai market update today. Be sure to check in later to find out how the market currently sits, as well as how it performed in April.
Pic of the Day
Wednesday, May 3, 2023
1:20 p.m.
There are three new or “coming soon” listings on the market:
10585 Ojai Santa Paula Road – $6,795,000
1162 Tico Road – $1,325,000 (coming soon, 5/8)
245 El Camino Drive – $600,000 (pending)
(This property was in escrow before it was listed in the MLS.)
Pic of the Day
Tuesday, May 2, 2023
10:15 a.m.
There are no new listings for today, but here’s an update on mortgage interest rates:
30-yr fixed: 6.73%
15-yr fixed: 6.12%
30-yr Jumbo: 6.30%
30-yr FHA: 6.30%
30-yr VA: 6.31%
Pic of the Day
Monday, May 1, 2023
2:45 p.m.
One new listing has come to the market since Friday:
701 Canada Street – $2,150,000
Prior “coming soon” listings, now on the market:
Recently cancelled or expired listings – back on the market as “new” listings:
- 975 Fairview Road – $3,550,000 (this listing had expired on 4/30 at the same price)
Pic of the Day
