May 14, 2014

Simi Valley Moorpark Real Estate Market Update Nov 2008

Simi Valley Moorpark Real Estate Market Update Nov 2008

The Simi Valley Moorpark Real Estate annual end of the year slow down has officially begun.  The only reasonable explanation for the slowdown has much to do with the holidays and people just not as motivated to do anything till the new year.  The historical data shows this trend to last up through February each year.  The good news is that last year (2007) Simi Valley home sales suffered more than just a slow down; Simi Valley hit record  lows in the number of homes sold..  This year Simi Valley home sales is well above that pace.

While it would be very premature to proclaim a market bottom at this time, average list prices and average sales prices for Simi Valley homes in November did not fall below October’s averages.  Additionally the decline in total homes for sale (inventory volume) looks to be slowing.

Activity – Single Family Detached Homes
Active Listings Simi Valley Moorpark
Active
# Units 431 131
Average List Price 572,856 893,088
Average Days Listed 114 104
Pending Sales in Escrow
# Units 73 17
Average List Price 417,688 454,841
Average Days on Market 78 75
Total Closed Sales for 2008
# Units 908 206
Average List Price 526,669 613,540
Average Sold Price 510,582 588,025
Average Days Listed 89 106
Average Closed Sales per month 82.55 18.73
Unsold Inventory Index (in months) 5.22 6.99
Activity – Single Family Attached Homes
Active Listings Simi Valley Moorpark
Active
# Units 112 45
Average List Price 324,627 351,563
Average Days Listed 136 110
Pending Sales in Escrow
# Units 25 6
Average List Price 268,374 249,117
Average Days on Market 103 61
Total Closed Sales for 2008
# Units 173 58
Average List Price 316,392 313,577
Average Sold Price 306,003 303,502
Average Days Listed 85 94
Average Closed Sales per month 15.72 5.09
Unsold Inventory Index (in months) 7.12 8.84
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