Second Quarter 2026
Multifamily Market Outlook
Ventura County
Private investors sold this 18-unit multifamily property in Oxnard to a private investor for $4.48 million ($248,889 per unit).
By J.C. Casillas
Managing Director of Research and Public Relations at NAI Capital Commercial
Managing Director of Research and Public Relations at NAI Capital Commercial
LEASING TRENDS
Vacant units fell 11.0% QoQ but remained up 30.2% YoY, while units under construction dropped 7.0% QoQ and 65.7% YoY. Asking rent was largely flat, up 0.7% QoQ and down just 0.1% YoY.
SALES TRENDS
Units sold fell sharply, down 88.2% QoQ and 68.1% YoY, while average sale price per unit dropped 32.7% QoQ and 10.1% YoY, reflecting broad-based weakness in both transaction volume and pricing.
