Congratulations on your decision to relocate to Moorpark, CA. Dating back to the times of Chumash people and incorporated as a city in July 1983, Moorpark is a 12.44 square mile city lying in the southeastern region of Ventura County, 50 miles from downtown LA.
It is believed that Robert W. Poindexter, the then secretary of the Simi Land and Water Company, named the town after the Moorpark apricot flourishing in the valley. That explains the apricot flower on the city’s seal and flag.
Moorpark, CA stands out as a natural choice for family development, offering a sparse suburban feel, commendable safety levels, and numerous parks to nearly 36,500 residents. The scenic Southern California city is popular for its citrus groves, rolling hills, and leisure opportunities (think hiking, horse riding, golfing, etc.)
The Moorpark real estate market offers various residency and investment options, including single-family homes, attached units, apartment complexes, and duplexes available in various architectural designs. Over 76% of the city’s housing units are owner-occupied, with typical home prices ranging between $1M and $1.5M.
If you want to learn more about Moorpark, CA properties for sale and why 2022 is the best time to invest in the local housing market, contact Casey Gordon today at 805-750-9804. Casey Gordon is a Moorpark realtor leading the Buddy Gordon team that has consistently earned national recognition for its real estate achievements. With that in mind, read on to learn what the Moorpark housing market has in store for you.
Central Moorpark sits in the Arroyo Simi River valley, at the base of several hills west of Simi Valley. State Route 118 (locally known as Los Angeles Avenue) divides the city into two distinct sections. The old Downtown Moorpark lies in the north, while the newer residential communities sit south of the state highway.
Moorpark, CA, is a haven for sunshine enthusiasts. It receives an average of 268 sunny days, 63 more days of sunshine compared to the US average. Temperatures range between 42 and 87 degrees Fahrenheit, and it hardly snows here.
Thanks to a bevy of shops and specialty boutiques, you do not have to travel out of town for household items. Moorpark's culinary scenes offer a diversified breakfast, lunch, and dinner selection, including sandwiches, Italian pastries, traditional Thai fare, Angus beef, and vegan options. Top-rated eateries include:
A crucial part of a family-friendly city is a superior education system, and Moorpark excels in that. Moorpark public schools fall under the Moorpark Unified School District. Options you can pick from include:
Talking of higher education, Moorpark College offers accredited programs in science, business, performing arts, and vocational studies. It is also among the few institutions providing the Exotic Animal Training and Management curriculum in the US. You may consider nearby universities, including California State University and Pepperdine University.
According to AreaVibes, Moorpark has a cost of living index of 163%, 22% higher than the California average. However, the median household income of $107,802 should cater to the basics. The city’s largest industries are manufacturing, educational services, and healthcare & social assistance. The best-paying sectors include mining and gas extraction, utilities, and public administration.
Having checked your essential boxes of a residential region, you will want to learn more about Moorpark real estate. With a median home list price of $897.5K, Moorpark records among the highest housing prices in the US. However, an average annual appreciation rate of 4.96% in the last decade makes Moorpark real estate market a viable investment option. NeighborhoodScout predicts a 12.58% appreciation rate by the end of 2021.
Single-family detached homes dominate the real estate in Moorpark, CA, accounting for 73% of the city’s housing units. Attached homes and apartment complexes follow far behind at 13.36% and 9.62%, respectively. Over 70% of the owner-occupied homes have 3-4 bedrooms.
Approximately 18% of Moorpark homes were built in the 2000s, but also available is a 9.49% inventory hailing from between 1940 and 1969. The largest portion of Moorpark, CA real estate inventory dates back between 1970 and 1999.
Find below what to expect from different Moorpark, CA real estate options in 2021-2022:
As of November 2021, there are 56 single-family homes for sale in Moorpark, CA. Their listing prices run between $545k and $15M.
Based on current Realtor.com data, there are 3 condos for sale in Moorpark, CA, with prices ranging between $429k and $685k.
The average apartment rent in Moorpark, CA, is $2,267, with specific rates varying with location, size, and quality. The average size of a Moorpark apartment is 880 square feet.
Whether you want to rent or buy a property, an experienced Moorpark real estate expert should be able to furnish you with the correct market trends of your preferred type of property. Call Casey Gordon today at 805-750-9804 for professional advice and assistance transforming your Moorpark home vision into a reality.
The typical home value in Moorpark, CA is $844,991, which translates into a 19.6% y-o-y increase. Condos and single-family homes in Moorpark have an average value of $5553K and $900K, respectively.
With a November medium sold price of $830k, the Moorpark housing market records a sale-to-list price ratio of 92.5%. That means homes are trading 7.5% below the asking price. It is currently a seller’s market, meaning that the available properties for sale cannot satisfy the demand for housing in the area.
There are zero foreclosed homes in Moorpark (as of November 2021). Home foreclosures occur when a mortgage loan goes into default, what real estate experts call ‘delinquent mortgage.’ If the principal loan amount surpasses the fair market value of a house, the mortgage becomes underwater.
Moorpark neighborhoods vary in tastes, lifestyles, and prices. Below are the top options to consider for your real estate investment portfolio:
Only an experienced and devoted Moorpark real estate expert can help you find the right property amidst the quite sizable inventory of Moorpark, CA homes for sale and rent. Meet Casey Gordon, a highly reputable Moorpark realtor who blends years of experience with the local housing market and a broad network with industry professionals to deliver real estate services that exceed your expectations.
The Casey Gordon team harnesses their local knowledge and an undying passion for customer satisfaction to help you find a home that matches your preferences and budget. Our pros also help you with the paperwork to expedite your real estate transaction and get you settled in your new home at the soonest time possible. Contact Casey Gordon at 805-750-9804 to learn about your available options in the Moorpark housing market.