Westlake Village, located on the edge of Los Angeles County bordering Ventura County, has emerged as one of the most sought-after real estate markets in Southern California. Known for its quiet, master-planned layout, access to nature, and high standard of living, the city has seen a surge in demand—especially from buyers relocating from Los Angeles and other dense urban centers.
So why is interest in new homes for sale Westlake Village CA continuing to rise? A closer look at the area’s real estate trends, community attributes, and long-term livability offers some answers.
Strategic Location with Natural Appeal
Westlake Village sits approximately 38 miles from Downtown Los Angeles—close enough for commuting, yet far enough to offer a more relaxed pace of life. Positioned in the northwestern section of the Santa Monica Mountains and adjacent to the Santa Monica Mountains National Recreation Area, the area offers a rare combination of accessibility and open space.
Outdoor recreation is a major draw. The community includes miles of hiking and horseback trails, as well as access to the 125-acre Westlake Lake, a private body of water used for boating, walking, and scenic views.
The climate is another advantage: Westlake Village experiences a Mediterranean climate, with warm, dry summers and mild winters while escaping the city smog. It tends to be cooler than the nearby San Fernando Valley making it appealing for year-round outdoor living.
Real Estate Market Trends
Real estate in Westlake Village has carved its spot firmly within the luxury category in recent years and continues to grow. According to recent data:
- The median sales price for homes is approximately $1.67 million.
- The average sales price is closer to $2.58 million, depending on the neighborhood and property type.
- Homes typically sell over asking price, and inventory remains limited. (Meaning high demand and growth potential!)
- In neighboring Thousand Oaks, 70% of listings sold within the first 30 days during a six-month period.
Buyers are largely targeting custom-built homes in neighborhoods like Southshore Hills, The Colony, and Westlake Trails. These areas offer a mix of gated communities, lakefront properties, and secluded lots in the hills. On the rental side, average rents hover around $3,094/month, and over half of all rental options are single-family homes.
Notably, Westlake Village spans both Los Angeles and Ventura Counties, which can have implications for taxes, insurance rates, and school zoning. Homes on the Ventura side often have lower property taxes and slightly better access to wildfire insurance, which is an important factor in this region.
Demographics and Lifestyle
The population of Westlake Village is just over 8,000, offering a low-density, suburban feel. The median household income is nearly $189,000, well above both state and national averages. The area is primarily owner-occupied and attracts a mix of families, retirees, and professionals.
Education is a key consideration for many buyers. The area is served by highly-rated and nearby private institutions like Oaks Christian High School School, Fusion Academy, and White Oak Elementary.
Safety is also a strong selling point. Westlake Village has a violent crime rate 74% lower than the California average. Law enforcement is managed by both the LA County and Ventura County Sheriff’s Departments. Driving through Westlake you will often see police cars patrolling reassuring the community that Westlake is a well protected community.
Economic and Employment Factors
Westlake Village benefits from a stable, service-oriented economy. Large corporations including Dole Food Company, Guitar Center, and JD Power and Associates maintain headquarters or major offices in the area. Key employment sectors include healthcare, professional services, finance, and hospitality.
Additionally, the rise of remote and hybrid work has made suburban locations like Westlake Village more appealing to professionals who no longer need to be in Los Angeles full-time. This has driven much of the post-pandemic migration.
Post-Pandemic Demand and Migration Trends
There has been a clear westward migration trend during and after the COVID-19 pandemic. Buyers increasingly left urban Los Angeles in search of more space, better schools, and a quieter lifestyle. Areas like Westlake Village, Lake Sherwood, Thousand Oaks, and North Ranch and Malibu saw rapid price increases and high absorption rates, with some homes seeing multiple offers and sales above listing price.
Price appreciation has been significant. For example:
- Westlake Village: +14.2% price growth year-over-year
- Lake Sherwood: +616% price increase over 12 months (driven by a small sample size but reflects growing demand)
- Thousand Oaks: +9.8% year-over-year growth
Buyers are showing a willingness to pay premiums for the perceived value—larger homes, more privacy, and a better quality of life.
Considerations for Buyers of Future Homes for Sale Westlake Village CA
(Home currentley on market, click here to find out more, listed by Jordan Cohen)
Westlake Village C.A. continues to attract attention due to its strong fundamentals: good schools, safety, community design, and proximity to both natural amenities and job centers. It represents more than just an up and coming hub for luxury real estate, its the center of a lifestyle shift among Southern California buyers who are prioritizing space, stability, and long-term livability. With strong market fundamentals, consistent demand, and continued development, Westlake Village remains one of the most attractive options for homebuyers looking to relocate just outside of Los Angeles. If you are looking to move to the Westlake Village / Agoura Hills area please reachout out here at Shen Realty, where we provide the services of the best real estate agent in Westlake Village California.
Sources
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