Competing home buyers are continuing to keep pressure on the Simi Valley housing market. Low inventory and interest rates below 4% are two primary factors pushing the market. With less than 90 homes for sale in Simi Valley on any given day, it’s no wonder buyers are frustrated when competing with multiple offers trying to […]
February 2013 Simi Valley Housing Sales Report
February single-family detached sales volumes in Simi Valley California pretty much mimicked January, however, median and average pricing vaulted upward due to increased closing volumes in homes priced over $500,000. A total of 81 single-family detached homes sold in February and breakdown as follows. 15 of the 81 homes were purchased with cash. 9 of […]
Simi Valley Housing Sales Report January 2013
Home sales of single-family detached units in Simi Valley California for the month of January 2013 pulled back with only 85 sales for the month. While this is dramatically lower than the monthly average for 2012 and a 22% decline from December 2012; January and February over the last several years have typically behaved in […]
How will sequestration effect the housing market?
I have been scanning the news online for days looking to see if anyone has really studied how sequestration will effect the housing market. Two positions emerge; one from housing industry cheerleaders and the other position from people speculating how cuts may directly impact entities like the Federal Housing Administration (FHA). On average approximately 20% […]
Video – Simi Valley Real Estate Forecast
Trying to understand the Simi Valley Real Estate market? Is the Rally on? Are buyer’s getting the squeeze? Are Home Seller’s dictating the terms of every Sale? All that and more in this video blog on the Simi Valley Real Estate Forecast.
2012 Year End Real Estate Report for Simi Valley CA
How did the year end for Simi Valley home sales in 2012? Did the real estate market live up to all hype from the industry and media coverage? Remember that real estate markets are local, even hyper local. What may happen in some price ranges and some other areas may not always occur in our […]
Simi Valley December 2012 Home Sales Report
Sales of single-family detached homes in Simi Valley during the month of December improved slightly over the prior year’s totals. Median home pricing settled out at $400,000 and the average sale price retreated $27,000 at its lowest point since June 2012. Distressed properties still make up approximately 50% of all sales. Restricted inventories and low […]
SImi Valley November 2012 Home Sales
Single-family detached home sales for the month of November 2012 in Simi Valley slowed and finished below the trending average of 115 units per month for this year. This is somewhat of a surprise as the last couple years sales volumes increased near year-end, as the banks rushed to clear their books of short sales […]
Simi Valley October 2012 Home Sales Report
The number of Simi Valley Single Family Detached Home Sales for the month of October 2012 is up, while median price is flat. Sales remain strong and October was no exception beating out the average of 115 sales per month up to 121. Inventory has dropped below a one month supply for the first time. […]
Simi Valley September 2012 Home Sales Report
Homes Sales in Simi Valley for the month of September backed off slightly. The monthly average of 115 sales dropped to 109. While September is a busy month for many families, the restricted inventory and low interest rates still did not deter solid interest in home purchases. The Simi Valley housing market is very stable […]
