Simi Valley Real Estate Homes Market Report through 8-31-08

The following table is the activity for the home sales in Simi Valley and Moorpark. Combined sales of Attached and Detached homes in Simi Valley for the month of August was 106 units, this trend is slightly lower than the 115 unit average we have seen for the three months prior. The hottest segment of the Simi Valley real estate market currently are the foreclosures on the entry level for single family detached homes. The Simi Valley Condo-Townhouse market remains much slower as the foreclosed detached homes are at a competing price level with no HOA fees.

The cream puffs of the Simi Valley foreclosure market are moving quickly with multiple offers as opposed to the foreclosures that need work which are taking longer to sell.

Activity – Single Family Detached Homes

Active Listings	Simi Valley	Moorpark
Active
# Units	475	157
Average List Price	598,784	918,923
Average Days Listed	93	92

Pending Sales in Escrow
# Units	107	17
Average List Price	522,173	527,852
Average Days on Market	72	122

Total Closed Sales for 2008
# Units	656	148
Average List Price	542,325	620,264
Average Sold Price	521,509	598,925
Average Days Listed	85	100

Average Closed Sales per month	82.0	18.5
Unsold Inventory Index (in months)	6.80	16.68

Activity – Single Family Attached Homes

Active Listings	Simi Valley	Moorpark
Active
# Units	130	46
Average List Price	345,724	401,673
Average Days Listed	114	72

Pending Sales in Escrow
# Units	37	8
Average List Price	276,622	272,575
Average Days on Market	60	92

Total Closed Sales for 2008
# Units	113	37
Average List Price	328,628	325,894
Average Sold Price	316,912	314,330
Average Days Listed	83	86

Average Closed Sales per month	14.13	4.63
Unsold Inventory Index (in months)	12.17	9.94