Leave a Message

Thank you for your message. We will be in touch with you shortly.

The Conejo Valley & Simi Valley area real estate market continues trend toward more typical numbers

2023 real estate market

The Conejo Valley & Simi Valley area real estate market continues trend toward more typical numbers

Conejo Valley, Simi Valley, Moorpark area real estate market continues trend toward more typical numbers

Last month, the real estate market in the Conejo Valley, Simi Valley and Moorpark areas continued its trend toward more typical conditions. Prices were lower than January 2022, fewer homes were sold, and homes spent more time on the market. 

“The changes we’re seeing in the market should be viewed as a normalization, not as a slowdown,” said Tim McDougall, 2023 Board President for the Conejo Simi Moorpark Association REALTORS® (CSMAR). “We’ve seen unprecedented numbers for the past few years, and our market is finally starting to return to more typical activity levels. With that said, the months supply of inventory is still well within what is considered a sellers’ market. We’ll continue watching these trends as we move into spring.”

Median sales price decreased 11.1% compared to January 2022, from $880,000 to $782,500. The number of closed sales dropped 31.6%, from 225 to 154. The median number of days to contract increased 107.9%, from 19 to 40 days. The average percent of list price received decreased 3.2%, from 101.9% to 98.6%. The median price per square foot of homes sold in January decreased 4.5% compared to 2022, from $481 to $460.

The number of new listings in January decreased 13.5%, from 356 to 308. The active inventory of available homes increased 29.9% from 335 to 435. The months supply of inventory, which is an estimation of the time it would take for all homes on the market to be sold, increased 89.7% from 1.5 to 2.8. A months supply of inventory of less than five months is typically considered a seller’s market.

 

  • Median Sales Price: -11.1%
    • January 2023: $782,500
    • January 2022: $880,000
  • Closed Sales: -31.6%
    • January 2023: 154
    • January 2022: 225
  • Median Days to Contract: +107.9%
    • January 2023: 40
    • January 2022: 19
  • Percent of List Price Received: -3.2%
    • January 2023: 98.6%
    • January 2022: 101.9%
  • Median Sold Price Per Square Foot: -4.5%
    • January 2023: $460
    • January 2022: $481
  • New Listings: -13.5%
    • January 2023: 308
    • January 2022: 356
  • Active Inventory: +29.9%
    • January 2023: 435
    • January 2022: 335
  • Months Supply of Inventory: +89.7%
    • January 2023: 2.8
    • January 2022: 1.5

These numbers include 7 local markets and this data can vary if fewer cities are selected.  If you would like the up to date data for your area let us know. 

 

Data Provided by Conejo Simi Moorpark Association of Realtors February 17, 2023

Recent Blog Posts

Stay up to date on the latest real estate trends.

westlake village real estate expert

The Offer Isn’t Always the Opportunity: What 55+ Homeowners Need to Know Before Selling

Why Second Opinions, Market Exposure, and Transparent Representation Matter More Than Ever — Especially in Westlake Village, Thousand Oaks & Surrounding Communities

choosing the right realtor

Is Now the Time To Move? The Market Shift You’ve Been Waiting For in Ventura & L.A. Counties

More homes, better timing, less chaos – Here’s why local sellers and buyers are making their move now.

thousand oaks real estate

What’s Your Home Really Worth in Today’s Market? Westlake Village to Oak Park, the Answer May Surprise You

Hidden Wealth at Home: Why Now Might Be the Perfect Time To Re-Evaluate Your Property’s Value

Westlake Village

Why You Don’t Want To Skip the Home Inspection — Especially in Off-Market Deals

One Step Could Save You Thousands: The Overlooked Risk in Dual Agency and Off-Market Home Sales

critical choices when selling a home

Are You Really Being Heard? Why Listening Is the Missing Key in Real Estate Today

Too many homeowners are overlooked in the rush to close deals. Discover how truly being heard can transform your real estate experience—and your results.

Pricing your home

The #1 Thing Sellers Need To Know About Their Asking Price in Today’s Local Market

Why Overpricing in Westlake Village, Thousand Oaks, and Surrounding Areas Could Cost You More Than You Think

Market Update

Thinking of Moving Again? Why Now Might Be the Perfect Time in Westlake Village and Beyond

The Conejo Valley Market Is Shifting—Here’s What Buyers and Sellers Need to Know Right Now

Winnetka, IL Condos For Sale

Top Real Estate Agent in Westlake Village

Spring 2025 Real Estate: Why More Homes on the Market Could Be Your Best Opportunity Yet

Rising Inventory, Smart Sellers: How to Maximize Your Home Sale in Today’s Market

selling a home

Back to the Office Shift

It Might Be Time to Rethink Where You Live

Let’s Talk

You’ve got questions and we can’t wait to answer them.

Follow Us on Instagram