January 27, 2012

#21 Children’s Splash Pad at Rancho Simi Community Park 365 Things to do in Simi Valley

The Children’s Splash Pad at Rancho Simi Community Park (AKA Lemon Park) is a great and a Free Activity to do with the kids. There is still time left this week as the Park district turns off the water after Labor day so get over there and check it out. As well as the Splash Pad to cool things off there is a picnic area, lots of shade trees and playground equipment. Please enjoy the video below.

The Children’s Splash Zone is located at 3700 Avenida Simi, Simi Valley CAlifornia 93063. West of Tapo Canyon Road. If you are on Cochran, go north on Lemon and West on Avenida Simi.

Trulia Voices Answers Understanding Short Sales Buyer’s Purchase Contract Issues

Trulia Real EstateShort Sale Buyer Contract deal points can make or break a short sale.  In this video blog I go over the Short Sale Addendum for a quick overview of the form and some commentary on how it can help protect the buyer in the transaction.

Make sure to read:  Simi Valley Short Sale Information here on HomeBuysBlog.com

Thanks for reading Simi Valley’s Premiere Real Estate Blog!

Author – Ted Mackel Simi Valley Real Estate Agent – Keller Williams Realty

Ted Mackel is a top producer at Keller Williams Realty Simi Valley,

specializing in Simi Valley Real Estate

(805) 432-7705

Simi Valley Indian Hills Ridge Home Sales History

Simi Valley Indian hills Tract Sales Data

See properties for sale

Below are tables representing Simi Valley Indian Hills Ridge Home Sales History. The Indian Hills Ridge Tract is located off Flanagan east of Yosemite. This is a quick snapshot at how the Indian Hills Ridge Tract has reacted to the changing market.

Indian Hills Ridge Simi Valley 2003 Sales History
AVERAGE Sale Price $558,989
HIGH Sale Price $650,500
LOW Sale Price $470,000
List to Sale Ratio 98.6%
Average Days on Market 28
Number of Homes Sold 12
Indian Hills Ridge Simi Valley 2004 Sales History
AVERAGE Sale Price $710,077
HIGH Sale Price $775,000
LOW Sale Price $570,000
List to Sale Ratio 96.2%
Average Days on Market 11
Number of Homes Sold 11
Indian Hills Ridge Simi Valley 2005 Sales History
AVERAGE Sale Price $791,884
HIGH Sale Price $875,000
LOW Sale Price $705,000
List to Sale Ratio 97.6%
Average Days on Market 33
Number of Homes Sold 13
Indian Hills Ridge Simi Valley 2006 Sales History
AVERAGE Sale Price $793,428
HIGH Sale Price $900,000
LOW Sale Price $739,000
List to Sale Ratio 97.1%
Average Days on Market 62
Number of Homes Sold 7
Indian Hills Ridge Simi Valley 2007 Sales History
AVERAGE Sale Price $760,930
HIGH Sale Price $825,000
LOW Sale Price $688,000
List to Sale Ratio 95.5%
Average Days on Market 56
Number of Homes Sold 10
Indian Hills Ridge Simi Valley 2008 Sales History
AVERAGE Sale Price $661,875
HIGH Sale Price $697,500
LOW Sale Price $595,000
List to Sale Ratio 98.7%
Average Days on Market 113
Number of Homes Sold 4
Indian Hills Ridge Simi Valley 2009 Sales History
AVERAGE Sale Price $613,000
HIGH Sale Price $665,000
LOW Sale Price $580,000
List to Sale Ratio 91.1%
Average Days on Market 97
Number of Homes Sold 4
Indian Hills Ridge Simi Valley 2010 Sales History Up through August 20th
AVERAGE Sale Price $632,500
HIGH Sale Price $660,000
LOW Sale Price $565,000
List to Sale Ratio 95.6%
Average Days on Market 72
Number of Homes Sold 4
Simi Valley indian Hills Ridge Sales Data Graph

Click on this Chart to see a larger copy

Simi Valley Earthquake Preparedness – Water Heater Bracing

Simi Valley Earthquake Preparedness – Water Heater Bracing.  When the next big earthquake affects the Simi Valley area, your water heater may be the only source of clean drinking water for your family.  Please make sure your water heater is properly strapped and brace.  If you need assistance from a licensed plumber, for  Simi Valley Plumbers, you can call Beck’s Plumbing at (805) 300-6146 or T-Top Plumbing  at (805) 527-8867

Water Heater Bracing Detail

Water Heater Bracing Diagram

This detail is only to provide information on how to strap the water heater for security in case of an earthquake. This detail is not an installation instruction for the water heater itself. Please be aware that there is a minimum clearance that must be maintained between the bottom of the water heater and the floor which is not indicated on this diagram. Please consult a licensed plumber, your local building and safety department and/or the manufacturer of your water heater for the proper clearances and installation instructions.

Related Articles:

Simi Valley Home Buyers – FHA Premium Goes Up After Oct 4th

FHA Loans Simi Valley CaliforniaSimi Valley Home Buyers, if you are out shopping for a home and are going to use FHA financing it is important to make sure you get your FHA case number before October 4th, 2010 as the FHA Premium goes up after this date. John Yang independent mortgage broker and author of the Mortgage Video Blog explains how the increases will affect your monthly mortgage payment in this video.

Other articles on Lending:  Understanding the GFE Statement

Search for Homes in Simi Valley California Simi Valley Property Values

Thanks for reading Simi Valley’s Premiere Real Estate Blog!

Author – Ted Mackel Simi Valley Real Estate Agent – Keller Williams Realty

Ted Mackel is a top producer at Keller Williams Realty Simi Valley, specializing in Simi Valley Real Estate

(805) 432-7705

Simi Valley’s Largest Employer Farmer’s Insurance Is Leaving Town

Simi Valley farmers insuranceThe announcement from Farmers Insurance yesterday that they were packing up their employees and leaving town came as a surprise to many. Farmers Insurance occupies Simi Valley’s key landmark building in the center of town and was the largest employer. The loss of this company is a sad occasion and one especially for my family.

My father was in his early 40s when he went out and secured Farmers Insurance commitment to build their Western Regional Headquarters in Simi Valley in what would be probably the biggest moment in any real estate broker’s career. My family has had great pride in the developments they brought to Simi Valley, most notably at the Sycamore and Cochran business district, but the course of city government over the last decade has put this business district in severe jeopardy of becoming a blighted area of town.

The Mervyn’s store is not the fault of Simi Valley as the company failed, which caused it to close that location.  Farmers Insurance decision to bail out on Simi Valley has a lot of interesting components which if turn out to be true, will mean that the city of Simi Valley could have taken some fairly simple steps to keep it’s largest employer from moving out of town.

Looming in the future is the opening of the brand-new Target Superstore at the corner of Los Angeles Ave. and Madera. While some believe Target will continually operate two stores in Simi Valley; the possibility of  the older store on Cochran closing it’s doors in the future cannot be ignored.

Our city has a very big task in front of itself to deal with their current local business conditions. The health of our local businesses and the attitude of our local employers will impact the desirability for people who want to move to and live in Simi Valley.

I try not to talk on this blog about politics, but this is an election season where we have two City Council seats up for vote and the Mayor’s seat up for vote. This issue facing our city is the most important. If we cannot stabilize the business climate and the economic vitality of Simi Valley, than all the other projects and programs will mean nothing.

It’s time now for the citizens to become involved, voice their opinion and not just assume our elected officials are looking after our best interest. The changes we are seeing in the business community and Simi Valley are not all economically related. With the advent of the Internet impacting shopping habits, the changing dynamics of small business operations, the unfriendly business climate across the state of California towards large employers, Simi Valley cannot afford any more miscues with our local businesses.

I still believe in Simi Valley, I love living in Simi Valley and Simi Valley has been a great place to raise my family. This may be the most difficult time this city will go through in it’s history, but I know many of the talented and great people who live here who can help us rebuild Simi Valley into a greater place.  I urge all my friends and fellow Simi Valley citizens to get out and vote this November and carefully consider the candidates for City Council and Mayor as it will take extraordinary ideas and extraordinary people to help move us forward.

I want to ask a big favor of all my friends and fellow citizens of Simi Valley; the loss of the employment base at the corner of Sycamore and Cochran will have a significant effect at the local businesses there.  Today I had lunch at Sharky’s and by 12:15 the restaurant was packed with Farmers employees.  When the move out is complete, the businesses in the area will see significant declines in revenues and any support you can give by visiting those retailers is a way we can band together and help keep the remaining businesses strong.

Thank you for your consideration and readership

Simi Valley Home Sales Report For July 2010

The  number of single-family detached homes sold in Simi Valley for the month of July 2010 pulled back from a robust June market. There really is no significance in the decline for the following reasons.

  1. The federal tax credits expired June 30, there was a rush to close escrow’s to qualify for the tax credit. If you look closely at the chart below, June 2010 pretty much didn’t do any better than June 2009.  So with this huge tax incentive for home buyers,  bit State and Federally, all that really happened is we held our ground in June.
  2. Those that participated in Simi Valley home purchases to gain the tax credit, did not stimulate the market at the levels the government hoped for.

Essentially, if you look at the charts below you can see the average Simi Valley sales year-over-year and while 2009 and 2010 look better, this is more stabilization  than any type of recovery.

There are still significant numbers of homeowners struggling to modify their loans or participate in a short sale to get out from under their loan. This number is large and will take several years to deplete out of our inventories before we can look forward to any type recovery.

This first Chart is useful to see how many single family detached homes sell each month in Simi Valley.  There really has been no significant change from 2008 and this includes the tax credits.

simi valley homes for sale

Th following Chart breaks out the Simi Valley home Sales that occurred in July 2010 by price range. The trend continues with the most activity in the $300k to $400k range.

simi valley detached homes sales july 2010

The chart below is a graphic display of the data in the table just above.

Simi Valley real estate


Search for Homes in Simi Valley California Simi Valley Property Values

Looks like The California 1st Time Home Buyer Tax Credit Has Been Exhausted

 Simi Valley real estate  homes for sale double dip recession(Aug 6th) From the Franchise Tax Board’s Website – California 1st time home buyers are being notified that the hundred million dollars allocated for tax credits is most likely already exhausted. The plan was to accept some 28,000 applications before the cutoff. There been over 31,000 applications submitted and the Franchise Tax Board has determined that it will continue to accept applications up through August 15, 2010. It is most likely that those who apply between now and August 15 will have a very slim chance of qualifying for the tax credit. The concern was that in the initial applications received there were many duplicates and inaccurate applications. Also any applications submitted 14 or more days after close escrow were being rejected.