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Real Estate Bubble or Supply and Demand Issue?

real estate bubble or supply and demand issue

What is the outlook for 2017? Are we seeing a real estate bubble or a supply and demand issue? Joel Singer the CEO of the California Association of Realtors sits down with Conan Nolan of NBC LA and answers some question on the future of the California housing market. [idx-platinum-widget id=”9467-29866″ ]

Posted in: Real Estate News Tagged: california Association of realtors, conan nolan, housing, joel singer

New plumbing fixture law California Civil Code § 1101.4

Property transfers plumbing fixture replacement

The new plumbing fixture law is not that new at all.  It is part of an older code that has restrictions that were built into the law over time.  Some cities like Los Angeles have had tougher restrictions for quite a while. October 11, 2009 SB 407, Property transfers: plumbing fixtures replacement was signed into law.  Triggers […]

Posted in: Real Estate News Tagged: Carbon Monoxide Detectors, faucets, Home Sellers, Los Angeles, shower heads, Simi Valley, Smoke Detectors, Toilets, Water HEater

November 2016 Simi Valley Home Sales

custom yards signs ted mackel simi valley real estate

November 2016 Simi Valley Home Sales, the luxury home sector volume slows.  Sales in the most active price ranges continue to move.  November saw the gap between the original asking price and the final negotiated sales price tighten a little.  Any single family detached home that shows up on the market under $400,000 tends to need […]

Posted in: Real Estate News Tagged: Home Buyers, Home Sales, luxuxry, Median, Simi Valley

Loans The difference between a pre approval and pre qualification

Are you are in the process of buying a home? Are you are constantly asked if you have spoken with a lender? Some real estate agents will not even work with you until you get a pre-approval from a lender.  Maybe you did talk to a lender and you have a pre-qualification.  Is there a […]

Posted in: Buyers Tagged: Buyer, Credit Reports, income, pre approval, pre-qualification, Real Estate Agents, Seller

October 2016 Simi Valley Home Sales

If you read last month’s report, October 2016 Simi Valley Home Sales illustrates perfectly what happens to the median home price when a larger than normal percentage of luxury homes sell over the lower end of the market.  There is plenty of good news however as the saying goes devil is in the details. The […]

Posted in: Real Estate News Tagged: Home Sales, housing, luxury homes, Median, Simi Valley

Who You Hire Makes A Difference

Who you hire makes a difference in the success of your real estate purchase or your real estate sale.  Four key factors rise to the top in every real estate transaction.  These are attributes your real estate agent will need to help guide you through one of the more important transaction of your life. Rapport, Reputation, […]

Posted in: Real Estate News

September 2016 Simi Valley Home Sales

September 2016 Simi Valley Home Sales were 4.64% lower in median price than September 2015. While this does not indicate any immediate trends for the market, it does align with the affordability problem Simi Valley is beginning to see as well as the entire state of California. If you have been reading these monthly updates […]

Posted in: Real Estate News Tagged: Home Sales, interest rates, Simi Valley

August 2016 Simi Valley Home Sales

How did August 2016 Simi Valley Home Sales fair?  The market sent many mixed signals.  Lower end houses sold for an average of 3.5% to 4.5% below the original asking price.  Simi Valley homes under $400,000 were all serious fixer opportunities.  Days on market is still hovering at two months.  Homes in the $500,000 to […]

Posted in: Real Estate News Tagged: Home Buyers, Home Sellers, homes sold, housing, Simi Valley

July 2016 Simi Valley Home Sales Report

July 2016 Simi Valley home Sales

July 2016 Simi Valley Home Sales were quite a shocker.  46 fewer homes sold than in July 2015.  While having 105 total single family homes sell in Simi Valley for any given month is not too unusual, this pull back is significant enough that we will need to watch the 2nd half of this year carefully. […]

Posted in: Real Estate News

June 2016 Simi Valley Home Sales Report

June 2016 Simi Valley housing Report

June 2016 Simi Valley Home Sales continued to be strong with 141 single family detached homes selling, just out pacing June 2015 volume of 137 homes.  While sales are strong, there is still some negotiation going on between buyers and sellers in all segments of the market except for the few homes that have sold […]

Posted in: Market Updates Tagged: Home Sales, housing, Market Report, median sales, real estate, Simi Valley

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Client Testimonials

Ted actually helped us find a new home AND sell two homes. He was beyond helpful with everything. When looking for a home, Ted didn't waste our time…My husband and I are really busy so this meant a lot to us….he always had plenty of houses lined up for us to look at and he acted as our personal chauffeur. He really knows Simi, so he knew exactly where to take us….and ultimately he found us our beautiful new home. Selling the other two was a breeze…Ted took care of everything. No complaints here!

suelac2

Ted was wonderful in helping us sell our house. He was in constant communication with us and made the process very easy and stress-free. He was very knowledgeable and professional. I highly recommend him.

reuel

Professional and very easy to work with.

geralyn

Ted's continuing knowledge of local real estate markets enabled an immediate, correct valuation of the house we sold. Calm and competent throughout the process, he remained unflappable through the invevitable hurdles. His escrow team at Keller Williams were perfect.

jeff

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