December 2016 Simi Valley Home Sales

December 2016 Simi Valley Home Sales

December 2016 Simi Valley Home Sales followed a similar pattern as the last few months.  Fewer homes sold compared to the year before, median prices dropped and luxury homes sales were down.  Final sales prices compared to their original list price tightened again slightly.  Median home price for the year is up 3.49%.  Housing wire […]

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 […]

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 […]

May 2016 Simi Valley Housing Report

Even though the May 2016 Simi Valley Housing Report for the last two months shows a slight reduction in the number of homes sold, the market remains strong.  Homes between $500,000 and $600,000 continued to lead all other price ranges in number of units sold for a second month in a row.  Inventory below $500,000 […]

April 2016 Simi Valley Housing Report

Simi Valley Real Estate Report

The April 2016 Simi Valley Housing Report does not have much change over March. One trend that is emerging and only time will tell is that the segment of the Market with the highest amount of closings is beginning to shift from the $400,000 – $500,000 to the $500,000 – $600,000 range.  This shows that affordability […]

January 2016 Housing Report Simi Valley

The January 2016 housing report for Simi Valley was a little sluggish in volume compared to the 4th quarter 2105, but not overall surprising for the beginning of the year as historically January tends to average 75 closed units going back into 2006 (prior to the housing collapse).  Median pricing edged up and the days […]

Who pays for What? Simi Valley Home Buyers & Home Sellers want to know

Who pays for What

Who pays for What? What costs are customary for a buyer and seller varies from state to state and in some states like California, what is customary for buyers and sellers in Southern California may be different than in Northern California. The following list is what is generally customary for  Home Buyers and Sellers in […]

2015 Simi Valley Housing Report

2015 Simi Valley Housing report

2015 Simi Valley Housing Report With 2015 closed let’s look back and see how the market performed to see if there are any signs that might carry into 2016. Simi Valley saw it’s second highest closed sales volume in the last 10 years, with 1,263 homes sold.  2012 saw 1,282 homes sold, but that was the […]

Simi Valley Housing Update December 2015

Simi Valley Housing

There are three main factors that the Simi Valley Housing Update December 2015 will highlight.  These factors have been fairly consistent and should give homeowners some relief and assurance of this non volatile housing market. This has been an extended period of market stability and will remain so for quite some time. Price have been moving […]

November 2015 Simi Valley Housing Report

Modern Exterior Backyard at Night

The November 2015 Simi Valley Housing Report shows sales have slowed a little compared to November 2014 and significantly from last month..  While this is happening and may cause some concern, new lending requirements under the new TILA-RESPA Integrated Disclosure Rule (TRID) have caused home purchasers to request 45 day escrows to deal with the requirements […]