365 Things to do in Simi Valley, CA & Ventura County - San Fernando Valley Real Estate Guide
Simi Valley's Insider's Guide to Real Estate Research & Home Owner Information
Looking for Things to do in Simi Valley for the Halloween Season? Mourning Rose Manor in … [Read More...]
Creating better exposure for homes in rural areas. This home in the Santa Susana Mountains gets the first crack at a new idea. Custom Yard signs maybe the ticket for better exposure. The primary source to search for new homes by buyers is the internet; the second source is driving neighborhoods. Custom signs that feature your property and not your agent will stop cars and turn heads.
My blog has been sparse on purpose. I am in Maui for the first time. Unfortunately I have to work will on this trip, but being a Realtor 2.0 or maybe 3.0 I was able to handle the work load through email, text, my cell phone and laptop. Winforms with Docusign enabled me to get an escrow open this week while away from the office and the fact that I have full Acrobat, I was able to make things run smoothly.
Outside the 3 hour time lag from the west coast everything else seems to be just fine. My Thumbs down picture is reaction in dealing with one of the local Simi Valley Real Estate companies. The owner of said company has seen fit to block all incoming emails from Keller Williams agents. Said Broker is scared to death that the big bad Keller Williams wolf is going Huff & Puff and blow his house down. How that relates to my trip is that it makes it very difficult to open escrows and transfer docs that need to be signed. Compound that with an agent that still has an AOL email for a secondary email address and you get my big Thumbs Down!
After surviving the road to Hana and exploring the seven pool, we decided the next day to lay low and be read for the incredible Kupanaha Maui Magic Show at the Kaanapali Beach Hotel by World Class Magician Jody Baran & Family, I am ready for tomorrow’s fishing trip dreaming of some coveted Ahi Tuna. If you travel to Maui please make sure to contact Andrea Bedal (866) 888-6284 at www.mauis-best.com. A few of the activities Andrea set us up with included Parasailing, Luau and the Magic Show at excellent prices.
My kids are having a blast and It’s almost time to go home. Night time is especially fun for the boys as they explore the Hotel grounds for toads and geckos. Snorkeling today revealed the treasures of the reef just 150 yards off the beach. We will round up Sunday with Surfing at Thousand Peaks. Hopefully the kids will be worn out to sleep well on the Red-Eye!
Simi Valley and Moorpark Real Estate Market Data Through May 2008
The following information contains the year to date numbers for the Simi Valley Moorpark Housing Market taken from the Ventrua County Regional Data Share MLS.
The number of homes selling are picking back up. Prices continue to decline and financing is becoming harder to obtain for many buyers. Banks are still struggling to find their way in negotiating Short Sale properties.
Simi Valley & Moorpark
Market report January 1, 2008 through May 31, 2008
| Activity – Single Family Detached Homes | ||
| Active Listings | Simi Valley | Moorpark |
| Active | ||
| # Units | 524 | 192 |
| Average List Price | 618,220 | 855,239 |
| Average Days Listed | 91 | 95 |
| Pending Sales in Escrow | ||
| # Units | 149 | 25 |
| Average List Price | 509,479 | 612,740 |
| Average Days on Market | 71 | 81 |
| Total Closed Sales for 2008 | ||
| # Units | 333 | 67 |
| Average List Price | 569,627 | 680,060 |
| Average Sold Price | 543,436 | 650,517 |
| Average Days Listed | 88 | 108 |
| Average Closed Sales per month | 66.6 | 13.4 |
| Unsold Inventory Index (in months) | 7.87 | 14.32 |
| Activity – Single Family Attached Homes | ||
| Active Listings | Simi Valley | Moorpark |
| Active | ||
| # Units | 176 | 54 |
| Average List Price | 358,871 | 331,296 |
| Average Days Listed | 85 | 79 |
| Pending Sales in Escrow | ||
| # Units | 24 | 3 |
| Average List Price | 310,925 | 364,103 |
| Average Days on Market | 53 | 67 |
| Total Closed Sales for 2008 | ||
| # Units | 57 | 15 |
| Average List Price | 352,781 | 336,240 |
| Average Sold Price | 381,625 | 325,368 |
| Average Days Listed | 88 | 82 |
| Average Closed Sales per month | 11.4 | 3.0 |
| Unsold Inventory Index (in months) | 15.44 | 18.0 |
A question about what the average days on market for homes sold in Ojai California was posted on Trulia. This made me immediately think of how bad this number is in Ventura County. The Ventura County Regional Data share does not track Cumulative Days on Market and this is the number that needs to be reported to buyers and seller. Please watch my Video blog on the importance of how you look at these numbers.
Yes that is right, Simi Valley inventory has dropped, but before you go out into the streets and celebrate, let me explain the numbers a little more.
Single Family Detached homes inventory has dropped, Town homes and condos inventory has risen 13%.
Buyers are still very cautious and even though there has been some increased buying, it is still early to tell whether this market will begin to level off or continue as it has for the last 12 months. Most major financial news sources are still forecasting many more foreclosures to hit the market, but even if this is true, some sellers could have a big advantage if their home is in tip top condition, recently upgraded and staged to sell.
Many buyers out there do not want to take on the rehab and repair work required of most the bank owned properties. If you are one of these sellers, please keep in mind your home will be compared with new homes if you have an older home. The design styles and decorating taste of the new model homes will impact your home if your upgrades are not very recent.
Please view the chart in the blog post just before this one to get a better idea on closings since January 2006 and the rate at which new listings hit the market.
Simi Valley Real Estate Homes Market Update
Inventory overall is decreasing in total units. Units closing per months picked up in April and May. Prices continued to decline but showed some signs of slowing. Foreclosures and short sales still impact the general emotional state of the market coupled with reports from the media on housing, inflation and unemployment. Excellent buying opportunities in Simi Valley have been acknowledged by multiple offers on the best value for the dollar.
The following charts show Simi Valley Closings by months for 2006, 2007 & 2008; separated by Detached and Attached (condos and Town homes). Click on each chart to see it in full size.
The following charts show Simi Valley New Listings by months for 2006, 2007 & 2008; separated by Detached and Attached (condos and Town homes). Click on each chart to see it in full size.
Still, 85% of the closings continue to be below $600,000 for the detached homes, this is where the activity is highest.
Well I am just emerging form a battle with an upper respiratory virus. I should be fully back by Thursday. I’ve been working from home. The only blogging I have done over the last few days has been on Real Estate industry stuff over on ActiveRain. I did manage to squeak out a video blog on Trulia Voices that is on my YouTube Channel. I am working on my next video Blog report on Ventura County growth control, SOAR and why I believe Ventura County and especially Simi Valley to be a great place for longer term Real Estate investments. Stay Tuned!!
Ted Answers Trulia Voices
Looking for Things to do in Simi Valley for the Halloween Season? Mourning Rose Manor in East Simi Valley at 5250 Aurelia Street has been delighting Simi Valley Halloween fans for 6 years. Lydia and her husband have created a unique Halloween experience complete with Ghosts, Skeletons, Grave yard with Crypt, Spiders, Spooky Sounds and [...]
(Video Below) The Simi Valley Fair & Music Festival, formerly called Simi Valley Days has included a 5k – 10k run almost every year in the last 25 years I can remember. The race has taken on a few different routes and this year’s race was no exception. The Start – Finish line began in [...]
