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January 2017 Simi Valley Housing Update

January 2017 Simi Valley Housing

January 2017 Simi Valley Housing Update shows a stable market.  Closed units for the month stayed on par looking back at January starts for the last few years and even though median price came in a little lower, it was not significant.  While people may talk about a robust market with homes going out at multiple offers, the market is hitting all it’s typical trending averages and those homes that go out with multiple offers are not the norm.  What causes homes to sell at multiple offers is a quite familiar formula that follows this criteria:

  1. The home is NOT over priced.
  2. The home has been upgraded through out (that includes bathrooms, kitchen, windows, Atlas Ceramics etc.)
  3. The home has been de-cluttered and staged professionally.  It shows like a model home.
  4. The location is not near traffic and noise or on a busy street.

Homes selling with competition do not indicate a hot market at this time, because if you look at the over all closing statistics, homes in Simi Valley sold on average at 2.6% below the original asking price.  Some price ranges were a littler tighter and other price ranges were looser.  This is why we can be confident the market is stable.  Measured steady appreciation with typical closing volumes continues for single family detached homes.

Posted in: Real Estate News

About Ted Mackel

Active real estate broker and entrepreneur in Simi Valley. Ted has a passion for business, has deep knowledge about residential and commercial real estate and is one of the few to be a long time blogger/writer on these subjects. In his free time you'll find Ted enjoying baseball with his family (Go Dodgers), reaching his goal of spanish fluency, and pursuing his hobbies with RC aircraft and Lionel Trains.

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Client Testimonials

Ted actually helped us find a new home AND sell two homes. He was beyond helpful with everything. When looking for a home, Ted didn't waste our time…My husband and I are really busy so this meant a lot to us….he always had plenty of houses lined up for us to look at and he acted as our personal chauffeur. He really knows Simi, so he knew exactly where to take us….and ultimately he found us our beautiful new home. Selling the other two was a breeze…Ted took care of everything. No complaints here!

suelac2

Ted was wonderful in helping us sell our house. He was in constant communication with us and made the process very easy and stress-free. He was very knowledgeable and professional. I highly recommend him.

reuel

Professional and very easy to work with.

geralyn

Ted's continuing knowledge of local real estate markets enabled an immediate, correct valuation of the house we sold. Calm and competent throughout the process, he remained unflappable through the invevitable hurdles. His escrow team at Keller Williams were perfect.

jeff

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1858 Sutter Ave Simi Valley CA 93065

1858 Sutter Ave
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  • 3Beds
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