The Home Buying & Selling Insider

Simi Valley Real Estate Home price increases and inflation
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Simi Valley & Moorpark   Market report January 1, 2008 through May 31, 2008 
30% of the homes in escrow are short-sales and 10% are Foreclosures

Single Family Detached Homes
 
Active Listings                                                     Simi Valley                              Moorpark
# Units                                                                          524                                          192
Average List Price                                                    $618,220                                 $855,239
Average Days Listed                                                     91                                            95
 
Pending Sales in Escrow
# Units                                                                          149                                           25
Average List Price                                                    $509,479                                 $612,740
Average Days on Market                                              71                                            [...]

Yes that is right, Simi Valley inventory has dropped, but before you go out into the streets and celebrate, let me explain the numbers a little more.
Single Family Detached homes inventory has dropped, Town homes and condos inventory has risen 13%.
Buyers are still very cautious and even though there has been some increased buying, it [...]

Inventory overall is decreasing in total units. Units closing per months picked up in April and May. Prices continued to decline but showed some signs of slowing. Foreclosures and short sales still impact the general emotional state of the market coupled with reports from the media on housing, inflation and unemployment. [...]

This report is an update report of all the closed sales of single family dettached homes for Simi Valley. The good news is that we are definately seeing more units close as this trend started in April and is continuing into May; however the the Average Selling Price is dropping and dropped significantly [...]