Simi Valley family detached home sales report for January 2011 really doesn’t jump out compared to last couple of years; pretty much the same activity. Sales under $500,000 continue to dominate the market, with sales under $300,000 continuing to show the market moving along a base price point. The year-over-year average sales price remains in the $460,000 range and the year over year monthly average sales volume has average approximately 80 homes per month for single-family detached units.
The number to watch on the chart for this year will be the “List to Sell Ratio”. This is the price of the house ends up selling at compared to what the property was listed for. If you are a home seller in any one of these ranges you can get a good idea what you expect as a final sales price based on the current activity. The condition and upgrade of any property can negate lower list to sell ratios, but it is important to see how buyers are reacting and prepare your property accordingly prior to selling.
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