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.
The Conejo Valley rental market remains tight with available rentals near all-time lows and demand pushing rents higher.
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Demand for rentals continues to outpace supply in the local market, resulting in higher rental prices. With only a limited number of affordable options available, the statistics highlight a growing need for additional Accessory Dwelling Units (ADUs) to accommodate the demand.
The rental market is tight with high demand and low supply, pushing rents up, as evidenced by only a few affordable options in the MLS, indicating a potential opportunity for investors in local real estate.