February 9, 2012

Simi Valley Indian Hills Ranch Home Sales History

Simi Valley Indian Hills Ranch Tract Home Sales History

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Below are tables representing Simi Valley Indian Hills Ranch Tract Home Sales History. The Indian Hills Ranch Tract is located off Simi Hills Drive and Alamo Drive. This is a quick snapshot at how the Indian Hills Ranch Tract has reacted to the changing market.  Sales data is from 2003 through May 31st 2011.

The Indian Hills area in Simi Valley consists of 5 tracts.  The Ranch and Ridge Sections are the two largest tracts in the development.  The following sales data represents just the Ranch area.  The Sales have pulled back to 2003 averages and in the last year have begun to bounce back a little.  Homes that are upgraded, well maintained and in excellent showing conditions are commanding sales prices above the current average sales price.

Indian Hills Ranch Simi Valley 2003 Sales History
Average Sale Price $528,538
List to Sale Ratio 97%
Average Days on Market 23
Number of Homes Sold 13
Indian Hills Ranch Simi Valley 2004 Sales History
Average Sale Price $619,121
List to Sale Ratio 98%
Average Days on Market 11
Number of Homes Sold 8
Indian Hills Ranch Simi Valley 2005 Sales History
Average Sale Price $719,536
List to Sale Ratio 98%
Average Days on Market 14
Number of Homes Sold 22
Indian Hills Ranch Simi Valley 2006 Sales History
Average Sale Price $770,618
List to Sale Ratio 96%
Average Days on Market 63
Number of Homes Sold 8
Indian Hills Ranch Simi Valley 2007 Sales History
Average Sale Price $742,500
List to Sale Ratio 97%
Average Days on Market 66
Number of Homes Sold 4
Indian Hills Ranch Simi Valley 2008 Sales History
Average Sale Price $575,050
List to Sale Ratio 94%
Average Days on Market 97
Number of Homes Sold 10
Indian Hills Ranch Simi Valley 2009 Sales History
Average Sale Price $525,730
List to Sale Ratio 96%
Average Days on Market 65
Number of Homes Sold 13
Indian Hills Ranch Simi Valley 2010 Sales History
Average Sale Price $525,166
List to Sale Ratio 89%
Average Days on Market 28
Number of Homes Sold 6
Indian Hills Ranch Simi Valley 2011 Sales History
Average Sale Price $567,571
List to Sale Ratio 95%
Average Days on Market 95
Number of Homes Sold 7

Simi Valley Real Estate Homes Sales update

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 over the last two weeks from $585k to $550K.

Total Solds – Single Family Detached as of 5-8-08 267 % of Total
Closed Sales Avg. SP $550,696 and under 225 84%
Total Homes in Escrow 215
In Escrow Back up or 1st right contingentices Avg SP $604,000 and under 39 18%
In Escrow Avg SP $519,000 and under 55 26%
SubTotal In Escrow Short Sales or Forclosures 64
In Escrow – Short Sales or Foreclosures BO or 1stR Avg SP $508,000 and under 17 29%
In Escrow – Short Sales or Foreclosures Avg SP $466,000 and under 33 52%

THE BULK OF THE SALES ACTIVITY IS IN THE BELOW $600,000 MARKET.

The largest buyer pool for Simi Valley Real Estate Homes is clearly shown in the numbers above. If your home is in a value range above these homes, PRICING & purpose MARKETING is critical as there are fewer buyers.