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September 2016 Simi Valley Home Sales

September 2016 Simi Valley Home SalesSeptember 2016 Simi Valley Home Sales were 4.64% lower in median price than September 2015. While this does not indicate any immediate trends for the market, it does align with the affordability problem Simi Valley is beginning to see as well as the entire state of California. If you have been reading these monthly updates here, as mentioned before the Median price swings dramatically with the sales of higher priced and luxury homes. Any rise in interest rates and price increases can slow that segment down. The opposite result of more sales in that segment can be driven by buyers nailing down purchases in anticipation that interest rates will go up however that is not happening right now.

This month total volume for single family detached homes was down by 12% as well. While we are in the midst of one of the more interesting election cycles, sometimes buyers and sellers will hold off until after the election. I still anticipate an over all gain for 2016. The fourth quarter has begun.

The best advice for sellers thinking about coming on the market is to focus on the condition of your property.  Homes in tip top condition that are staged/presented to sell, sell faster, and have a higher chance or generating multiple offers.  If you want a quick look at the potential value your home may command in the market today go to my “What’s your home worth?” page and fill out the details and I will send you an online analysis  you can view at your convenience.

Posted in: Real Estate News Tagged: Home Sales, interest rates, 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.

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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
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  • 3Beds
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