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.

November 1, 2018
Here’s the Ojai Market Data for the past month (data from 10/1/18 through 10/31/18):
  • 40 new listings came on the market; 10 of these new listings are either pending sales or have already closed.  Last month we saw 44 new listings come on the market; 9 of them were pending or closed sales as of the date of our update.
  • 35 properties sold and closed (30 last month) – at an average of 92.46% of the original listing price when the property first came on the market (this figure was 91.73% last month).  Of the 35 properties that sold, offers were at full price and 0 offers were over full price (last month there were 4 full price offers and 2 over full price)
  • The average listing was on the market for 73 days before first receiving an offer.

There are currently 168 active listings on the market, not including properties currently listed as pending sales. (There were 159 active listings last month.)  Here’s how those listings break down:

  • 106 residential listings
  • 29 land listings
  • 8 commercial listings
  • 14 mobile home listings
  • 4 residential income listings
  • 7 residential condo listings
  • 0 business opportunity listings
Ojai sales-to-list price percentages, 10/1/18 through 10/31/18

Here’s the list of the 35 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 Address Sales Price Original List Price Sales to list price % (rounded) Days before 1st offer
950 WOODLAND AVE #82 70000 89500 0.78 54
1202 LOMA DR #67 113500 129000 0.88 103
153 LA PLAZA WAY 130000 130000 1 2
1273 S RICE RD #18 145000 150000 0.97 36
1202 LOMA DR #71 145000 189000 0.77 159
133 DON FELIPE WAY 225000 225000 1 6
410 CHURCH RD #53 335000 380000 0.88 199
98 CALLE CINCO DE MAYO 392000 449500 0.87 29
110 LARMIER AVE 461000 559900 0.82 88
1201 GREGORY ST 448000 448000 1 0 (sold before listed)
219 N ALVARADO ST 490000 515000 0.95 28
117 S LOMITA AVE 519900 549900 0.95 84
71 W CATALINA DR 534000 569000 0.94 68
607 KATHERINE AVE 545000 549000 0.99 29
41 TAORMINA LN 550000 649500 0.85 149
1171 TICO RD 555555 629000 0.88 54
115 VALLEY VIEW DR 585500 599000 0.98 20
2225 MARICOPA HWY 610000 629000 0.97 22
606 PEARL ST 617188 659000 0.94 5
1218 DALY RD 690000 739000 0.93 12
1102 SUNSET PL 715000 785000 0.91 412
413 STUART CT 860000 869000 0.99 25
818 OAKWOOD ST 880000 895000 0.98 2
1169 TICO RD 945000 969900 0.97 53
210 N VENTURA AVE 1025000 1099000 0.93 23
368 LARK ELLEN AVE 1035000 1095000 0.95 40
398 MOUNTAIN VIEW ST 1100000 1385000 0.79 345
391 N MONTGOMERY ST 1180000 1250000 0.94 127
821 GRIDLEY RD 1250000 1295000 0.97 8
716 EL TORO RD 1500000 2250000 0.67 145
4352 GRAND AVE 1850000 1850000 1 14
11013 CREEK RD 1850000 1950000 0.95 138
1712 LADERA RD 1850000 1850000 1 0 (sold before listed)
4269 GRAND AVE 2600000 2600000 1 0 (sold before listed)
715 EL TORO RD 6265000 6500000 0.96 74
Ojai Market Data – October, 2017 through October, 2018

Ojai market data for October 2018

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There’s been a touch of doom and gloom in the media regarding the housing market lately.  However, even with 30-year fixed mortgage rates hovering just below 5% and slowly rising, we’re still seeing a solid Ojai market.  The feeling out there amongst realtors is that things are slowing down, and while we do agree with that assessment, this month’s figures don’t really indicate anything to be concerned about.

 

40 new listings on the market for October is pretty much the norm; 168 active listings is only one less listing than the 169 we had in May of this year (although we still consider the Ojai valley to be in a listing shortage); and finally, 35 listings closed last month – the 3rd highest number of closings in a month for the 2018 calendar year.

 

However, we did note that last month the Ojai valley didn’t have a single sale that involved someone paying over the initial list price.  I went back and checked our data archives:  The last time we saw this occur was, well, never (at least since we started running the Ojai Market Data monthly reports over four years ago).