It is very difficult to get a real sense of price trends from averages and median sales figures because of the wide price range for homes in Ojai, however there is a lot of valuable information one can get from this report.
The Ojai Home Price Report March 2017 includes properties from the Oak View area as well.
Ojai Home Price Report March 2017 Data Breakdown
In March 2017 we see that the number of homes sold was up by 6 homes or a 38.46% increase from last March.
The Median Sales Price decreased by a scant .82% within the last year.
The Median Sales Price is the point at which half of homes sold for more and half sold for less. It is affected the types of homes selling as well as a general change in values.
The Average Sales Price however rose 6.94% from March 2016.
One can see the comparison over the last 6 months for Ojai Single Family Homes Average Sales Prices, Median Sales Prices and the Average List Price in the graph below.
Highest & Lowest Sold Ojai Single Family Homes in March 2016
The highest priced Ojai Home that sold in March 2017 closed at $2,575,000. This is an East End majestic private property that was built in 1981, totally remodeled in 2005. This home has magnificent views, five bedrooms, five full baths, one half bath and sits on almost 2 acres.
The least expensive home sold for $485,000. This is a three bedroom, two bath home that is 1126 square feet large. This will need some updating.
What about the inventory of Ojai Homes for Sale?
There are now 81 Single Family Homes for sale in Ojai. This translates to a 4.4 month supply of homes. The definition of the Market Absorption Analysis model transitions the Ojai into a Seller’s Market.
Below is the Ojai Single Family Homes inventory chart broken down by price.
Of the 81 Ojai homes for sale, 53 homes or 52.83% of the current Ojai Home inventory are priced over $1 Million and the average days on market for this price range is 128.
How difficult will it be to find a home in Ojai in 2017?
Understanding the Ojai Real Estate Market is complex. Not not only the variety of inventory available, but location, benefits and features of each specific home.
How to put your best foot forward when making an offer on an Ojai Single Family Home? You will need to rely on the experience of a local agent who knows the market well and has experience navigating this unique market.
It is also important to have all your goals and financing in place before you start looking.
Find Ojai Single Family Homes for Sale
Start your search for Ojai Single Family Homes for Sale today to see what types of property are available. Then give me a call to discuss what your best options are and how I can help you get positioned to find the Ojai Home of your dreams.Click Here!
Curious about the value of your Ojai home?
During this time of year, it’s common for me to get questions about what’s happening in the real estate market.
More specifically, many of my clients are curious about their home’s value.
Whether you are thinking of making a move, or just want to see how much equity you’ve built up, let me know and I’ll send you a professional estimate of your home’s value.
You can use this estimate for planning your financial future, as well as your potential housing moves.
Just click on the button below and I’d be happy to produce a report on your Ojai home’s value.
Ojai Housing Market Summary for Single Family Homes
- Average Sales Price: $795,500
- Median Sales Price: $697,750
- Number of Total Sales: 18
- Average Days on Market: 91
- Average SP/LP: 97.34%
I am often asked about how the Ojai Housing Market is doing.
I hope you find the Ojai Home Price Report March 2017 helpful!
Kathy can be reached Phone/text at 805-746-1793.
Kathy offers a wide range of real estate solutions for buyers, sellers and investors. Providing excellence in marketing, negotiations, market knowledge and a genuine concern for their needs.
Kathy services all of Ventura County: with an emphasis on Ventura, Oxnard, Camarillo & Ojai.
Statistics represent Ventura Single Family Homes (Source: VCRDS) for the referenced month. Information (May 4, 2017) is deemed reliable, but not guaranteed.