What is my Westlake Village home worth? Market Report for 01/19/17

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Real Estate Agent with www.HugginsHomes.com 01234617

This Week's Home Prices in Westlake Village

 Real estate market data provided by Ryan Huggins of Huggins Homes


About the Westlake Village Area

Westlake Village is a planned community that straddles the Los Angeles and Ventura county line. The eastern portion is the incorporated city of Westlake Village, located on the western edge of Los Angeles County, California. The city, located in the region known as the Conejo Valley, encompasses half of the area surrounding Westlake Lake, and small neighborhoods primarily south of U.S. Route 101 and east of La Venta Drive. The population was 8,270 at the 2010 census, down from 8,368 at the 2000 census. It is also the headquarters of the Dole Food Company.

The western portion of Westlake Village is a community, within the city limits of Thousand Oaks, in Ventura County. Built across the county line as a planned development, residents recognize that the community of Westlake Village is not limited to the incorporated city in Los Angeles County, but encompassing the entire area surrounding the lake.

The original community was known simply as "Westlake". Roughly two-thirds of it was annexed by the city of Thousand Oaks in two portions, in 1968 and 1972. In 1981, the remaining third eventually incorporated as the City of Westlake Village.

At the time California was admitted to the union in 1850, most of the land that later became Ventura County was divided among only 19 families. The picturesque future Westlake Village site among rising knolls, arroyos, barrancas and ancient oaks was recognized as the central part of two Mexican land grants: Rancho El Conejo and Rancho Las Virgenes.

In 1881, the Russell brothers purchased a large portion of the land for cattle ranching. According to Patricia Allen, historian and family descendant, Andrew Russell beat the competition in buying the land by racing across 6,000 acres (24 km²) on a fifteen-minute trip in a buckboard and sealed the deal with a $20 gold piece. The price per acre was $2.50. The area continued to be known as the Russell Ranch although it was sold in 1925 to William Randolph Hearst and again in 1943 to Fred Albertson. The Russell family leased back part of the land to continue its successful cattle ranch operation while the Albertson Company used the vast area as a movie ranch. Many movies and television shows were filmed here, including Robin Hood, King Rat, Laredo, and various episodes of Tarzan, Buck Rogers, Gunsmoke and Bonanza.

In 1963, Daniel K. Ludwig's American-Hawaiian Steamship Company bought the 12,000 acre (49 km²) ranch for $32 million and, in partnership with Prudential Insurance Company, commissioned the preparation of a master plan by architectural and planning firm A. C. Martin and Associates. This new "city in the country" planned to have a firm economic base including commercial areas, residential neighborhoods, ample green space with the lake as a focal point. Prominent architects, engineers, and land planners participated in designing the new community, a prominent example of planned 1960's-style suburbanism.

The original tract was divided by the Los Angeles/Ventura county line. In 1968 and 1972, the Ventura County side, two portions of Westlake Village consisting of 8,544 acres (35 km2), were annexed into the city of Thousand Oaks. In 1981, the Los Angeles County portion (3,456 acres (13.99 km2) or roughly 1/3) of the Westlake Village master community was incorporated as the City of Westlake Village. California state law prevents a city from existing in two separate counties, so the areas in Ventura County remained part of Thousand Oaks.

 

Economy

Dole Food Company is headquartered in Westlake Village. In 1994 Dole announced that it would finalize its plans to build its world headquarters on a 30-acre (120,000 m2) site owned by the company, located north of the Ventura Freeway in Westlake Village.  K-Swiss, Guitar Center, ValueClick, and Ryland Homes also have their headquarters in Westlake Village.  There is also a Four Seasons Hotel located next to the Dole campus.

Source: https://en.wikipedia.org/wiki/Westlake_Village,_California

 

City Map

 

Westlake Village Real Estate Report Summary

Below is a current market snapshot of the Westlake Village area:

Westlake Village This week Last week Difference
Active: 94 83 11
Pending: 3 4 -1
Sold (over the last six months): 139 140 -1
Median list price: 1649000 $1,565,000.00 $84,000
Median sales price: 1250000 $1,275,000.00 -$25,000
Median days on market: 61 60 1

 

CONTACT RYAN TODAY to find out what you home is worth!

Ryan Huggins
Huggins Homes
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c:805.905.4000
w:www.HugginsHomes.com

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#Westlake #WestlakeVillage #WLV #RealEstate #HomeValue #PropertyValues #WhatIsMyHomeWorth
Posted by

Ryan "The Rescue Realtor" Huggins
Realtor, Huggins Homes
CICP, CRISC, CISA
Top 5% of Realtors nationwide
Top 40 Realtors in California
805.905.4000
Ryan@HugginsHomes.com
www.HugginsHomes.com
Serving your Real Estate needs in Ventura and Los Angeles Counties

DRE# 01234617

All information is deemed reliable but not guaranteed.

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Rainmaker
2,562,878
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

Ryan,  Just stopping by to check up on your market and say hello. I stopped by your Facebook page and liked it as well. 

Jan 19, 2017 04:20 PM #1
Rainmaker
1,046,234
Ryan Huggins - Thousand Oaks, CA
www.HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Kathleen Daniels, thank you very much for stopping by here and liking my FB page too!

Jan 19, 2017 06:52 PM #2
Ambassador
1,656,369
Hannah Williams
Re/Max Eastern inc. - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-953-8818

Call Ryan Huggins - Thousand Oaks, CA to find out what your Westlake Village Home s worth .He certainly is very knowledgeable

Jan 19, 2017 07:20 PM #3
Rainmaker
1,046,234
Ryan Huggins - Thousand Oaks, CA
www.HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Thanks Hannah Williams!

Jan 19, 2017 09:50 PM #4
Rainmaker
4,152,902
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Hi Ryan.  Thanks for keeping us updated with the Westlake Village real estate activity.

Jan 20, 2017 06:41 AM #5
Rainmaker
1,046,234
Ryan Huggins - Thousand Oaks, CA
www.HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Thanks Gabe Sanders!

Jan 20, 2017 09:16 AM #6
Rainmaker
2,637,946
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Ryan as I was reading your blog and got to the Dole Corporate part, it reminded me of a sad event. I was referred to the son of the head of Dole and we were going to look at land.... next think I know is I had the news on... and he drove off the 10 FWY the night before....Endre

Jan 21, 2017 04:31 PM #7
Rainmaker
1,046,234
Ryan Huggins - Thousand Oaks, CA
www.HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

That is a very sad event for all involved Endre Barath, Jr..  Thanks for sharing.

Jan 21, 2017 09:04 PM #8
Rainmaker
439,530
Brian Rugg
Rugg Realty LLC Sun City Texas 512-966-3200 - Georgetown, TX
Sun City TX Real Estate - Georgetown, TX Real Est

Another great market report and useful information for Westlake Village.  I especially like the careful geographical description about whats included.

Jan 24, 2017 07:29 AM #9
Rainmaker
1,046,234
Ryan Huggins - Thousand Oaks, CA
www.HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Thank you very much Brian Rugg!  I do try to put out a quality product that goes beyond the basics market stats.

Jan 24, 2017 12:24 PM #10
Rainmaker
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Lance Owens (RS)
LUVA Real Estate - Kailua-Kona, HI
Getting transactions done, when nobody else can!

Great information for your clients Ryan Huggins - Thousand Oaks, CA  , I know it helps both buyers and sellers - nice job .

Jan 25, 2017 03:49 PM #11
Rainmaker
1,046,234
Ryan Huggins - Thousand Oaks, CA
www.HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Thank you very much Lance Owens (RS) 

Jan 25, 2017 07:33 PM #12
Rainmaker
3,916,994
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

You always provide good information about your housing market. Anyone thinking of buying or selling a home in your area should call you.

Jan 26, 2017 04:53 AM #13
Rainmaker
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Ryan Huggins - Thousand Oaks, CA
www.HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Thank you very much Gita Bantwal!

Jan 26, 2017 12:02 PM #14
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Ryan Huggins - Thousand Oaks, CA

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