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.

March 2, 2019
Here’s the Ojai Market Data for the past month (data from 2/1/19 through 2/28/19):
  • 32 new listings came on the market; 8 of these new listings are either pending sales or have already closed.  In January we saw 34 new listings come on the market; 9 of them were pending or closed sales as of the date of our update.
  • 28 properties sold and closed (19 in January) – at an average of 95.46% of the original listing price when the property first came on the market (this figure was 90.05% for January).  Of the 28 properties that sold, offers were at full price and 3 offers were over full price (in January there were 0 full price offers and 2 over full price)
  • The average listing was on the market for 59 days before receiving an offer (86 days in January).  Note:  If a property goes into escrow, but then falls out – we don’t use that figure to calculate the number of days on the market before receiving an offer.  We instead are utilizing the number of days for the next offer that stays in escrow and closes (thank you, Rosanna).

There are currently 144 active listings on the market, not including properties currently listed as pending sales. (There were 149 active listings in January.)  Here’s how the current active listings break down:

 

  • 93 residential listings
  • 23 land listings
  • 6 commercial listings
  • 15 mobile home listings
  • 3 residential income listings
  • 4 residential condo listings
  • 0 business opportunity listings
Ojai sales-to-list price percentages, 2/1/19 through 2/28/19

Here’s the list of the 28 properties that sold and closed, 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 receiving offer
474 N ARNAZ ST #14 69000 71000 0.97 41
1202 LOMA DR #66 152500 165000 0.92 49
1202 LOMA DR #73 215000 259000 0.83 250
40 OJAI DR 450000 469500 0.96 29
95 APRICOT ST 462500 469000 0.99 8
1142 N VENTURA AVE 465000 499000 0.93 150
457 BURNHAM RD 495000 495000 1 3
410 CHURCH RD #20 521750 540000 0.97 8
260 N POLI ST 540000 639000 0.85 161
112 S FULTON ST 550000 539000 1.02 48
58 MINUET PL 555000 559000 0.99 21
1017 AYERS AVE 560000 629900 0.89 145
138 MOUNTAIN VIEW ST 568555 639000 0.89 74
5 VALLEY RD 580000 599000 0.97 102
230 S PUEBLO AVE 580000 599000 0.97 21
164 ASHBY CT 586000 599000 0.98 35
950 FAIRVIEW RD 605000 600000 1.01 22
305 W ALISO ST 850000 949000 0.9 14
401 W ALISO ST 850000 849000 1 2
181 N ENCINAL AVE 875000 889000 0.98 20
513 OAK CREEK LN 910000 939000 0.97 76
1445 S RICE RD 1100000 1250000 0.88 86
539 DEL ORO DR 1195000 1195000 1 7
102 W MATILIJA ST 1249000 1249000 1 46
128-140 S LA LUNA AVE 1250000 1299000 0.96 8
505 GRAND AVE 1275000 1349000 0.95 88
10790 ENCINO DR 1775000 1795000 0.99 40
12438 LINDA FLORA DR 2481245 2595000 0.96 85
Ojai Market Data – February, 2018 through February, 2019

ojai real estate

 

  • February was surprisingly active; we expect it will become more so over the next few months.  However, we’re still in a listing shortage; when we started BBIO in 2011, the average number of active listings on the market was around 200.  We’re currently sitting at 144.

 

  • In February we saw several new listings come on the market and quickly receive offers.  Although the media has been talking about a real estate market correction (albeit a minor one at this point), we are still seeing new listings arrive on the market at prices higher than we thought we’d see.  This obviously bodes well for the selling market, but for buyers there are still plenty of good deals out there; just this past week alone we added four new listings to the Honorable Mentions page!