• Menu
  • How to reach Ted
  • Blog
  • About Ted
    • Ted Mackel Bio
    • Ted’s Resume
    • Testimonials
    • Speaking & Training
  • FAQ – PRIVACY
  • Short Sale Info

Community Home Buying & Selling Real Estate Guide

Insider's Guide to Real Estate Research & Home Owner Information

(805) 432-7705
cell/text
CABRE Lic#01224852
  • Menu
  • Home
  • Buy
    • Find My Perfect Home
    • Buyer Tips
  • Sell
    • What’s Your Home Worth?
    • Marketing Homes For Sale
  • Communities
    • Homes in West Simi Valley 93065
    • Homes in East Simi Valley 93063
    • Moorpark Homes For Sale
    • Thousand Oaks Homes For Sale
    • Big Sky Homes
    • The Crest at Wildhorse Canyon
    • Shadowhawk Homes
    • See Wood Ranch Simi Valley Homes For Sale
  • My Mobile App
  • Client Reviews

May 2013 Simi Valley Housing Sales Report

Simi Valley housing sales for May 2013 increased by 25 units over April’s volume. Homes continue to sell near, at or just above the original asking price across all price sectors. Homes in the $400,000-$500,000 price range continued to dominate sales as they did in April. The median price for single-family detached homes in Simi Valley was 450,000, which is a 12.5% increase over January’s median price of $400,000.

Sales of distressed properties including short sales, foreclosures and homes in default declined another 8% in volume, with equity sales taking a 68% share of all sales for the month of May.

 The positive news in the housing market may be tempered by several outside influences. The 30 year mortgage interest rate is now climbed up over 4%. This increase in lending rates effectively takes away approximately $30,000 in purchasing power from a typical home buyer. Additionally as of June 3rd FHA mortgage insurance is now permanent for the life of the loan. While FHA is a good program for those with low down payments or some credit challenges to get financing, the mortgage insurance premium charged by FHA has increased several times over the last five years, including most recently April’s increase to 1.55%. These increases to financing will slow rising sale prices.

Simi Valley Home Sales Volume Chart

Posted in: Market Updates Tagged: fha, Foreclosures, Home Sales, housing, interest rates, inventory, Market Report, short sales, Simi Valley

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.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Post navigation

« April 2013 Simi Valley Housing Sales Report
Real Estate Technology Update »
Search for:

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

Categories

  • 365 Things to do in Simi Valley
  • Buyers
  • Computer Tips
  • Credit Reports
  • Events
  • Food
  • for Kids
  • Foreclosures
  • Home Improvement
  • Home Safety
  • homes for sale
  • Local Businesses
  • Local Events & Activities
  • Market Updates
  • Money matters
  • Parks
  • Personal Ramblings
  • Porter Ranch
  • Real Estate News
  • Sellers
  • short sales
  • Sights to See
  • Silverthorne
  • Simi Valley
  • Simi Valley News
  • Simi Valley Tracts
  • sports grill
  • Uncategorized
  • WIKIs

Explore Cities

  • Simi Valley
  • Moorpark
  • Thousand Oaks
  • Newbury Park
  • Camarillo
  • Oxnard
  • Ventura
  • Woodland Hills
  • Tarzana
  • West Hills
  • Bell Canyon
  • Chatsworth
  • Canoga Park

Recent Posts

  • DIY home repairs Moen 1222 Shower Cartridge Replacement
  • Retrofit Rip Offs Los Angeles Residential Property Report 9a
  • Why didn’t my home sell?
  • 10 Cheap and Simple ways to Improve your home’s appeal to buyers
  • Hidden Waterfalls of Simi Valley 365 Things do in Simi Valley
  • Is there Woolsey Fire Property Tax Relief for Affected Home Owners?
  • How To Get Buyer Closing Cost Credits
  • Home Ownership How Things Work In Your House
  • Home Inspection Nightmares volume 1
  • 5 things you need to know before moving to Simi Valley

Properties

Popular Simi Valley Tracts

Big Sky Homes
Encantada Wild Horse Canyon
The Crest Wild Horse Canyon
Madison County Tract
Silverthorne Tract
Shadow Hawk Tract
Bridle Path Homes
Oakridge Estates Tract
         
1858 Sutter Ave Simi Valley CASold
$45k over list - 6 days on market649950

1858 Sutter Ave Simi Valley CA 93065

1858 Sutter Ave
Simi Valley, CA 93065

  • 3Beds
  • 2Baths
  • 1590Sq ft
View Listing
© 2025 · Equity Framework
Log in