Ventura County Homes for Rent

The supply of Ventura County rental properties, homes and condos in select regional cities, priced between $1,000 and $6,000 has jumped dramatically in the last two weeks. We typically publish these reports in the middle of the month. After reviewing the data we noticed a discrepancy and thought let’s  re-check the numbers. The chart and table below shows the supply as of May 31st and two weeks later on June 15th.  A large portion of the new supply can be attributed to expiring leases that weren’t renewed.  However, it is an increase. We have a large pool of tenants we can’t find properties for.  A lot of our well qualified applicants are having to wait since supply of quality properties is limited.

Outlook For The Coming Months

We expect  supply to  pick up some as more investors are purchasing properties at Foreclosure auction.   The number of properties sold to third parties jumped almost 2% in May. We have seen quiet a few great deals come through. For example a single family home that had a mortgage balance of over $650,000 was discounted at Trustee sale to $360,000.  Estimated re- sale value  $450,000.   Our next article will talk about the options available to investors and first time buyers today.                                                               

Rental Homes Select Cities
Active Rentals May 31st
June 15th active rentals
Active Rentals June 15th
Cities June 15th Avg Price May 31st Avg Price
Camarillo 30 $2,239 15 $2,073
Moorpark 14 $2,613 10 $2,839
Newbury Park 20 $2,921 10 $3,145
Oxnard 95 $1,976 61 $1,991
Port Hueneme 39 $1,478 27 $1,532
Simi Valley 41 $2,161 30 $2,027
Thousand Oaks 45 $2,215 24 $2,078
Ventura 67 $1,924 39 $2,031
Westlake Village 42 $3,527 27 $3,738
Total and Avg 393 $2,221 243 $2,241

View Featured Ventura County Rental Homes Available Through Presidio Real Estate.

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