Nov

Simi Valley Moorpark Real Estate Market October 2008 Report - YTD Home Sales

Ted Mackel on November 5th, 2008

The following table contains the numbers for the Simi Valley Moorpark Real Estate housing market from January 1, 2008 through October 31, 2008. Trending shows that the total number of homes for sale has decreased significantly since the beginning of the year. Typically a tightening inventory creates advantages to the seller rather than the buyer and this has not been the case. Tightened credit markets and trouble in the banking industry has made financing tougher. While the number of homes sold on a monthly basis has been steady now since May, the bulk of that inventory has been in the lower end of pricing.

Activity - Single Family Detached Homes

Active Listings	Simi Valley	Moorpark
Active
# Units	447	138
Average List Price	577,632	886,337
Average Days Listed	93	91

Pending Sales in Escrow
# Units	93	17
Average List Price	447,376	549,883
Average Days on Market	70	57

Total Closed Sales for 2008
# Units	820	193
Average List Price	532,683	603,738
Average Sold Price	513,927	583,175
Average Days Listed	84	99

Average Closed Sales per month	82.0	19.3
Unsold Inventory Index (in months)	5.45	7.15

Activity - Single Family Attached Homes

Active Listings	Simi Valley	Moorpark
Active
# Units	115	44
Average List Price	338,400	367,164
Average Days Listed	118	74

Pending Sales in Escrow
# Units	33	67
Average List Price	286,816	303,114
Average Days on Market	69	55

Total Closed Sales for 2008
# Units	153	48
Average List Price	319,898	311,969
Average Sold Price	308,732	301,525
Average Days Listed	80	94

Average Closed Sales per month	15.3	4.8
Unsold Inventory Index (in months)	7.52	9.17