Avezta Realty International Corp.

Executive Summary

The Somis, CA real estate market is currently classified as a buyer's market. The median asking price is $1.7M, down 29.2% over the past 30 days.

There are currently 11 active listings, representing 11 months of inventory. Inventory has increased 175.0% compared to last month.

Currently, listings spend an average of 28 days on market and the average price per square foot is $295.

Detached properties make up the largest share of the Somis market at 80% of active listings with an average price of $1.5M. Townhouse listings follow at 20% (avg $2K).

Sales Activity & Absorption

Volume

1
Sold (30d)
28
Avg DOM
7
New (30d)
0
New (7d)

Market Signals

5
Price Cuts (30d)
0
New (7d)
100%
Sell-Through
0
New (7d)

1 properties sold in the past 30 days, 7 new listings appeared in the past month, 5 sellers reduced their asking price.

Market Balance

Months of Inventory

Seller'sBalancedBuyer's
11months
Strong Buyer's Market
Sell-Through Rate100.0%
Inventory Change (30d)+175.0%
Site Active Listings11

With 11 months of inventory, buyers have more options and negotiating leverage. Sellers should price competitively and be prepared for longer marketing times.

Interest Rates & Affordability

Current Rates

Bank of Canada Policy Rate2.25%
Prime Rate4.45%
Est. Variable Rate (Prime + 0.5%)4.95%

Lower rates increase purchasing power. The Bank of Canada sets the policy rate which influences prime rates across lenders.

Estimated Monthly Payment

Based on median price of $1.7M, 20% down, 25yr amortization
$7,888/mo
at 4.95% variable rate

This is an estimate only. Actual rates and payments will vary based on your credit profile, lender, and mortgage terms.

Market Outlook

This is currently a buyer's market with more negotiating power for purchasers. The Somis market currently has 11 active listings with a median price of $1.7M and 11 months of inventory.

  • High inventory (11 months) favors buyers
  • Prices declining (-29.2% in 30 days)
  • High price reduction rate (45% of listings)
  • High sell-through rate (100%)
  • Average price per square foot is $295

For Buyers

With more inventory and less competition, buyers in Somis have room to negotiate. Take time to compare options and don't rush — but be ready to act on well-priced properties.

For Sellers

With higher inventory, pricing strategy is critical. Price at or slightly below market value to attract attention. Ensure your listing stands out with quality photos and accurate details. 5 listings have reduced their price in the past 30 days. The current sell-through rate is 100%.

Search Somis

Browse all 11 active listings.

View All Listings

Resources

Market data is calculated from active and recently sold MLS listings as of March 4, 2026. Past performance does not guarantee future results. Consult a real estate professional for specific advice.

Based on information from California Regional Multiple Listing Service (CRMLS). This data is for informational purposes only and may not reflect all real estate activity in the market. Information deemed reliable but not guaranteed.