Spark Global Limited Reports:
Christie Realty Group, based in Westlake Village, Calif., has welcomed luxury buyers to Los Angeles and Ventura Counties for 30 years. Stephen Christie founded the brokerage at the height of the migration from the Upper reaches of the influential Western suburbs along the Ventura Freeway.
Like many brokers in Southern California, Christie Realty Group has experienced exponential growth during the COVID-19 pandemic, generating a number of high-dollar sales and price records for the company. “All the market fundamentals here have changed since the outbreak. All the areas we serve are busy. We’ve implemented new strategies that allow us to run fast and adjust our pace at the same time, “Christie said. He pointed to persistently low inventories in all markets as a major obstacle.
Westlake Village and neighboring communities like Thousand Oaks, Sherwood Lake and North Ranch continue to attract buyers from Los Angeles, a migration that has only increased during the pandemic, according to Christie. He attributes the move west to people “who want to get away from schools, transportation and other urban problems that affect the quality of life there.”
“People want to buy the right house and are willing to pay for it. When they move here, they feel like they can breathe easier, “Christy added.
Thousand Oaks, North Ranch, Sherwood Lake and Westlake Village all experienced record-breaking sales activity and price hikes last year. In Thousand Oaks, 70 percent of active listings in the six months through mid-September were sold within the first 30 days of going public. During this period, the average selling price/list price ratio was 104%.
Each of these four coveted communities has its own unique qualities and selling points. Westlake Village residents enjoy 125 acres of lake and 8 miles of shoreline, boating, waterfront restaurants, and walking trails that create the heart of the community. Good schools and plenty of green space attract buyers from Los Angeles to this master-planned neighborhood. The Four Seasons is one of the best employers in the area.
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