A new study reveals that younger generations of wealthy Americans are increasingly favoring real estate investments, while a generational wealth transfer further boosts property demand.

In July 2024, the Conejo Valley real estate market continues to thrive, with the median sales price in Thousand Oaks holding steady at $1.40M. Active listings have increased slightly to 303, but inventory remains low in this competitive Sellers’ market.

The recent National Association of REALTORS® settlement has introduced new real estate rules that are changing the home buying and selling experience.

The Conejo Valley real estate market remains strong despite high mortgage rates, with a 22% year-over-year increase in median home prices and continued low inventory.

The Conejo Valley real estate market remains a strong sellers' market, with a 20% increase in active listings this spring, although inventory is still low. The median home price in Thousand Oaks is around $1,150,000, slightly higher in Westlake Village.

Over the past 40 years, U.S. home prices have surged by 494%, with states like Washington, Oregon, and California seeing even more dramatic increases. This growth far outpaces the stock market's historical returns, making a compelling case for investing in residential real estate.

Stay updated with the latest trends in Conejo Valley’s real estate market, including inventory levels, pricing, and the impact of new regulations on sales commissions, showcasing the area’s consistent buyer demand and limited home supply.

California plans to allow insurers to use catastrophe modeling for rate setting, potentially improving reliability and availability of insurance, and could influence market competition and the recent large-scale non-renewals of homeowners policies.

The National Association of Realtors anti-trust case is unlikely to lower home prices or commissions, as FSBO homes typically sell for less and the complexities of real estate transactions in California lead most sellers and buyers to prefer professional representation.