Conejo Valley Real Estate Market Report – April 2019

Conejo Valley Real Estate Market Report – April 2019Another warm month, not only in temperature but also in the local real estate market!  To summarize, the Conejo Valley Real Estate Market is still in a Sellers Market and will likely continue on this trend for some time.

Year over year listed properties for April 2019 increased 18% / Year over year sold properties increased 4.2% / Year over year pending (contract) properties are up 7.8%.  We’re definitely in the selling season with more homes coming on the market and sales heating up!

Average price per square foot dropped to 0.5% / Average days on market year remained flat at 0%.  These numbers could mean some deals for Buyers.

Average active price on properties decreased 12.5% year over year and sold prices decreased 0.6%.

And finally months of inventory is up 14.8% and we are in a Sellers Market.

April 2019 is a Seller’s market*

Months of Inventory based on Closed Sales in March 2019: 2.3

  • Down 8% compared to last month
  • Up 14.8% compared to last year

*Buyer’s market: more than 6 months of inventory based on closed sales
Seller’s market: less than 3 months of inventory based on closed sales
Neutral market: 3 – 6 months of inventory based on closed sales

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