Westlake Village Housing Market

SOUTHSHORE HILLS - Westlake Village, CA

Annual Numbers: Southshore Hills Homes

2021 2022 2023

Average Sale Price: $1,448,571 $1,522,200 $1,513,206

Lowest Price: $1,110,000 $1,050,000 $1,101,000

Highest Price: $1,740,000 $1,912,000 $2,160,000

Number of Sales: 14 10 8

Avg. Days on Market: 13 37 55

Discover Southshore Hills, nestled within the esteemed Conejo Valley Unified School District, renowned as one of California's premier educational hubs. Among the array of exquisite neighborhoods in the Conejo Valley, Southshore Hills Homes stands out as a captivating option in your quest for the perfect home. Now is the ideal moment to narrow down your choices and eliminate the neighborhoods that don't meet your criteria.

With its prime location and exceptional educational opportunities, Southshore Hills offers an unparalleled living experience in Westlake Village. Imagine residing in a community where every corner exudes charm and tranquility, all while being part of a top-tier school district.

As you navigate through your home buying or selling journey, let me be your trusted guide. With my expertise and dedication, I can help you find the perfect property or achieve your real estate goals in Southshore Hills and beyond. Don't hesitate to reach out to me at (310) 295-8807 and take the next step towards your dream home.

Interested in what home features add value? Make your investments count! If you want to upgrade your flooring, refresh your interior, or just need some ideas for improving your home’s value, select a category and a feature to see how its popularity and value have changed over time.

Contact Anna Lanuza | c. 310.295.8807 | DRE02036269 | AnnaLanuzaRealty@Gmail.com

Westlake Village Housing Market

The Westlake Village housing market is somewhat competitive. Homes in Westlake Village receive 2 offers on average and sell in around 41 days. The average sale price of a home in Westlake Village was $1.6M last month, up 10.3% since last year. The average sale price per square foot in Westlake Village is $668, up 17.6% since last year.

Westlake Village Housing Market Trends

What is the housing market like in Westlake Village today?

In September 2022, Westlake Village home prices were up 10.3% compared to last year, selling for a median price of $1.6M. On average, homes in Westlake Village sell after 28 days on the market compared to 34 days last year. There were 17 homes sold in September this year, down from 31 last year.

How hot is the Westlake Village housing market?

Westlake Village is somewhat competitive. Homes sell in 41 days.

• Some homes get multiple offers.

• The average homes sell for about 1% below list price and go pending in around 41 days.

• Hot homes can sell for about 2% above list price and go pending in around 27 days.

Westlake Village Migration & Relocation Trends

Find out the number of homebuyers searching to move in and out of Westlake Village, plus the top relocation destinations. In July '22 - Sep '22, 20% of Westlake Village homebuyers searched to move out of Westlake Village, while 80% looked to stay within the metropolitan area.

Which homebuyers are searching to move into Westlake Village?

• Across the nation, 5% of homebuyers searched to move into Westlake Village from outside metros.

• San Diego homebuyers searched to move into Westlake Village more than any other metro followed by San Jose and Seattle.

Where area Westlake Village home buyers searching to move to?

• 80% of Westlake Village homebuyers searched to stay within the Westlake Village metropolitan area.

• San Diego was the most popular destination among Westlake Village homebuyers followed by Las Vegas and San Jose.

Schools in Westlake Village

Learn about schools in the Westlake Village area

Elementary School

Westlake Elementary • 1571 E Potrero Rd, Westlake Village, CA 91361 • Public • Conejo Valley Unified School District

White Oak Elementary • 31761 Village School Rd, Westlake Village, CA 91361 • Public • Las Virgenes Unified School District

Westlake Hills Elementary • 3333 Medicine Bow Ct, Westlake Village, CA 91362 • Public • Conejo Valley Unified School District

Middle School

Westlake Village students attend the following schools, depending on their zoning:

Lindero Canyon Middle School •5844 Larboard Lane Agoura Hills, CA 91301 • Public • Las Virgenes Unified School District

Los Cerritos Middle School • 2100 Avenida de las Flores Thousand Oaks, CA 91362 • Public • Conejo Valley Unified School District

High School

Westlake High School • 100 Lakeview Canyon Rd, Westlake Village, CA 91362 • Public • Conejo Valley Unified School District

Climate's impact on Westlake Village housing

Learn about natural hazards and environmental risks, such as floods, storms, fires, droughts and heat risks that could impact homes in Westlake Village.

Likelihood of Flooding in Westlake Village Homes

Approximately 735 homes (20%) are already at risk in Westlake Village, and within 30 years, about 745 homes (20%) will be at risk. Flood risk in Westlake Village is increasing slower than the national average.

• Floods in Westlake Village caused $186 on average in property damage this year.

• 2% of homes in Westlake Village are required to have flood insurance. Flood insurance premiums range from $225 - $2,424 per month.

Likelihood of Drought, Fire, Heat, and Storm

See below to learn which exist in Westlake Village today and how they’ll change by 2050.

86/100 Drought risk is based on water stress, which estimates how much of the future water supply will be used for human purposes, like watering the lawn.

• The percentage of available water supply used by humans determines water stress. An area is at especially high risk when water stress is above 40%. Westlake Village water stress now is about 67%.

• Westlake Village projected water stress in 2050 is about 84%.

• Westlake Village drought risk (86) is 118% higher than average for people in California State (39).

46/100 Fire risk estimates the risk of wildfires, based on the likelihood of burning in the future and the potential size and severity of a fire.

• Normally, about 0% of land near Westlake Village burns in a year, or about 301 sq. miles within a 100-mile radius.

• Westlake Village forecast in 2050 is up to about 784 sq. miles burned in a year (0.02%).

41/100 Storm risk estimates how much climate change increases the chances of extreme precipitation, when a lot of rain or snow falls in a short time, including thunderstorms, snowstorms, and tropical cyclones.

• Normally, Westlake Village experiences about 9 significant two-day storms per year, with about 1" of precipitation per storm.

• Westlake Village forecast in 2050 is about 10 storms, with about 1" of precipitation per storm.

23/100 Heat risk estimates how much climate change might increase the typical number of hot days in a year and the likelihood of extreme heat and heatwaves.

• A day that reaches above 90ºF is considered hot for Westlake Village. Normally, Westlake Village experiences about 8 hot days per year.

• Westlake Village forecast in 2050 is about 30 hot days per year.

Explore home features and design trends in Westlake Village

Interested in what home features add value? Make your investments count! If you want to upgrade your flooring, refresh your interior, or just need some ideas for improving your home’s value, select a category and a feature to see how its popularity and value have changed over time. Contact Anna Lanuza | c. 310.295.8807 | DRE02036269 | AnnaLanuzaRealty@Gmail.com

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