Simi Valley's Preimer Real Estate Research & Home Owner Information Blog
From the category archives:
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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Simi Valley Housing Market Update YTD 6-30-09
While the unit number below show a total inventory of 342 Simi Valley Homes for Sale, the reality is that under 170 are “Actives”; the balance are in escrow listed as “contingent”. This is import in that these “contingent properties” are mostly short sale properties and are not in [...]
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Simi Valley Homes For Sale Market Report May 31st 2009
My Video Commentary on the current Simi Valley Real Estate market conditions will follow shortly. For now the closing numbers up through the end of May are below. Oh Yeah, no we have not hit bottom yet…..I’ll explain later.
Activity – Single Family Detached [...]
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Simi Valley Real Estate Market Report YTD April 30 2009
The table below contains the Simi Valley Homes for Sales numbers and closing numbers Year-To-Date April 30, 2009. One number that our Multiple Listing Service Statistical reports do not separate is the Active Listings. Our Simi Valley Multiple Listing service lumps the homes [...]
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Simi Valley Real Estate Home Sales Market Update March 31 2009 YTD
The Charts in the video are posted below the table for further study.
One disclaimer is that the MLS data adds the homes that are contingent in a backup status with the Active Listings. This is not a true picture for the real market conditions. [...]
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Ted Answers Trulia Voices