Market Update September 2017 – Conejo Valley and Surrounding Area

(Released September 2, 2017)


The seller’s market continued in August as buyers pounced on late summer listings thwarting historical trends.

  • The usual August slowdown skipped this year.
  • As 45% more homes went into escrow this August compared to last year.
  • Median home prices jumped to $790,000, up 11%.
  • And inventory of available homes continued to drop, down 20% from last August.

(Read: Why Are There So Few Conejo Valley Homes For Sale)

What Should We Expect Going Forward

  • September is historically the beginning of the second busy season.
  • But don’t hold your breath expecting a ton of new listings to hit the market.
  • The same trend of low inventory and steady demand should continue.
  • As buyers take advantage of historically low interest rates.


According to the California Association of REALTORS,

  • The median price of a home is expected to increase 4.3% in 2017.
  • The number of home sales is expected to increase by 1.3%.
  • Interest rates are expected to climb to 4.0% on a 30 year fixed mortgage. (Read: Detailed Conejo Valley 2017 Forecast)

Market Snapshot

Home Prices

  • The median price of a Conejo Valley home was up in August to $790,000.
  • That’s 4 consecutive months up.
  • Prices are up 11% from $712,000 last August.
  • and $28,000 more than last month.

Home prices are up 11%


Homes For Sale

  • August ended with 768 homes for sale.
  • Down 20% from last August.
  • That’s 192 fewer homes than last year.
  • and 7 fewer homes than last month.

Homes for sale down 20%


Days to Sell a Home

  • It took 50 days on average to sell a home in August.
  • Down 19% from last August.
  • 12 fewer days than last year.
  • and 9 more days than last month.

50 days on avg to sell a home

Interest Rates

California Mortgage Rates
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15 Year Fixed loading...
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If you are looking for a home, here’s a great place to start: Conejo Valley Neighborhood Video Tours.

Median Prices by City

(Prices below are for July 2017. City data is released a month late. Keep in mind that low volume of sales can cause large price fluctuations.)
Prices Released September 2, 2017

City/County# SoldJuly 2017July 2016Y-T-Y % Chg
Ventura County903$559,000$523,0006.9%
San Fernando Valley1050$590,000$545,0008.3%
Agoura Hills40$818,250$840,000-2.6%
Newbury Park62$695,000$696,000-0.1%
Oak Park17$596,000$642,500-7.2%
Simi Valley165$533,750$504,0005.9%
Thousand Oaks111$715,000$650,00010.0%
Westlake Village
(Ventura County)
Westlake Village
(L.A. County)
Woodland Hills93$695,000$692,5000.4%

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