• 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

Simi Valley Moorpark Real Estate Market Report – YTD Home Sales

Simi Valley Moorpark Real Estate Market Report – YTD Home Sales

Below is the chart for all activity from 1/1/08 through 9/30/08 for Simi Valley and Moorpark Home Sales.  Significant declines in Simi Valley Moorpark housing inventory from the beginning of the year till now is a leading factor in the increased sales volume.  While volumes are far below last year on an annualized basis, low interest rates and the distressed properties have made homes affordable to those that sat on the sidelines a few years ago, when they were priced out of the market.  The flip-side is that since inventory is low we are seeing multiple offers on the homes priced in-line with the overall condition of the property.

The increased demand with lower inventory levels has not caused any increases in home prices like earlier this decade;  some Simi Valley neighborhood home prices declined, while some Simi Valley home price declines have slowed.  What is very clear is that the buyers are driving this market.

We are at a very delicate time and the Simi Valley housing market is teetering on the follow issues important to buyers:

  • Interest rates and qualifying.  Interest rates need to stay below 7%.  The higher the rate the lower the purchase price will need to be for perspective buyers.  Specifically for Simi Valley Real Estate, many Simi Valley homes are in a price range that will require Jumbo financing (loans over $417,000),  Jumbo financing rates are the most vulnerable right now and we saw Wells Fargo move thier Jumbo rate to 9.0% last week.  Large swings upward in the the rate will drive away potential buyers.
  • Inflation stabilization.  The price of food, gas and other household items is rising.  This will cut into the monthly payment amount many buyers can afford to take on. 
  • Housing prices…brace yourself if you are a seller.  Every time this housing market sees a move up in price, it will mean that buyers will drop out of the market.  We need prices to stabilize to bring buyers out who are waiting for the bottom and we need normal modest gains so buyers will not be priced out of the market like earlier this decade. 
  • Affordability. We need to be hyper aware of the affordability gap between incomes and home prices.  Incomes are not going to rise at the rates needed to sustain huge increases in home prices.  The sooner we realize this fact, the better we can plan on how we will approach the sale of any home in the near future.

As an active agent working with buyers, sellers and representing a financial institution with their REOs, PRICE & CONDITION are critical to the success of any home seller.  There is no exception to this rule.

Activity – Single Family Detached Homes
     
Active Listings Simi Valley Moorpark
Active    
# Units 462 152
Average List Price 598,523 886,723
Average Days Listed 94 92
     
Pending Sales in Escrow    
# Units 106 22
Average List Price 491,676 502,541
Average Days on Market 71 75
     
Total Closed Sales for 2008    
# Units 728 163
Average List Price 538,195 608,823
Average Sold Price 518,195 587,536
Average Days Listed 86 100
     
Average Closed Sales per month 80.89 18.111
Unsold Inventory Index (in months) 5.71 9.00
Activity – Single Family Attached Homes
     
Active Listings Simi Valley Moorpark
Active    
# Units 122 44
Average List Price 344,381 374,005
Average Days Listed 109 70
     
Pending Sales in Escrow    
# Units 34 6
Average List Price 302,361 265,117
Average Days on Market 84 83
     
Total Closed Sales for 2008    
# Units 133 43
Average List Price 320,301 318,553
Average Sold Price 308,486 307,912
Average Days Listed 82 89
     
Average Closed Sales per month 14.77 4.11
Unsold Inventory Index (in months) 9.00 9.02

Posted in: Market Updates Tagged: Add new tag, homes, housing, market update, moorpark, real estate, 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.

Trackbacks

  1. Increasing Home Values According to Survey of Home Owners | Home Buying & Selling Guide says:
    November 18, 2008 at 12:29 pm

    […] September YTD Simi Valley Morrpark Home Sales Report […]

    Reply

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

« Are Reverse Loans in Trouble, Too? Simi Valley Reverse Mortgage Update
Simi Valley Ghost Tour at Strathern Park Humorously Haunts Again »
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