Simi Valley's Preimer Real Estate Research & Home Owner Information Blog
From the category archives:
Second straight month Simi Valley Home Sales drop – Inventory edging up
The Simi Valley Real Estate market may have more personalities than Sybil. December saw the highest closed sales for single family detached homes in Simi Valley for 2009 with 98 closings. I believe that year end accounting for many of the corporate sellers [...]
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Contingent Simi Valley Homes in Escrows out number Sales by 3 times, why?
As a Realtor, I have access to detailed information on all the Home Sales activity posted in the multiple listing service. My avocation of real estate blogging pushes me to dig deeper into the numbers so I can provide a better economic snapshot [...]
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Simi Valley Home Sales Report YTD – January 31, 2010
Simi Valley home sales for the first month of 2010 trended back to average levels seen through 2009. While December 2009 showed the strongest sales for the year, my hunch was that many Short Sale lenders trying to close their books for the fiscal year increased [...]
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In this year to date Simi Valley Home Sales Report, I am going to first cover what happened in December and then look at the year as a whole, with a prediction of how I see things shaping up for the 2010 Simi Valley real estate market. I am seeing similar activity in the West [...]
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Simi Valley Home Sales have been moving along at a similar pace and not much has changed. Inventory is still extremely low. There really is not much new to report in that the Tax Credits, low interest rates and low inventory are producing false positives for the news media to feed off.
Simi Valley Single-Family [...]
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Simi Valley California home sales were down in October 2009. This is very interesting in that the market has been pushed in a positive direction by the first-time home buyers tax credit. In September and October buyers knew that the tax credit was scheduled to expire on November 30, this should have reflected in an [...]
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Simi Valley Housing Market Update YTD September 30, 2009
Simi Valley Home Sales are following the typical pattern we’ve seen over the last several months. Home sales are still below prior year levels and the impact of the first-time home buyer tax credit, historically low inventory, historically low interest rates continue to drive the entry-level end [...]
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Simi Valley Housing Market Update YTD August 31, 2009
Simi Valley Home Sales through August 31, 2009 continue with similar trending patterns as June, July and August are following our typical seasonal patterns of lower volumes as we head in to the fourth quarter. Simi Valley Single Family detached homes peaked in May at 92 closings [...]
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Simi Valley Housing Market Update YTD July 31, 2009
The Simi Valley housing market has not been boring lately. Extremely low inventories, Super Low interest rates and the $8,000.00 Federal Tax Credit which expires December 1st have buyers whipped up into a frenzy competing for very few homes for sale. This situation has stabilized the lower [...]
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False Recovery? How Fragile is the Simi Valley Real Estate Market
This is a chart I whipped up last year trying to illustrate what a mortgage interest rate does to the real estate market when it goes over 6%. I might have posted it before, but it really needs another look at with our current market [...]
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Ted Answers Trulia Voices