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Simi Valley Moorpark Real Estate YTD Sales Report through February 2009

Simi Valley Moorpark Real Estate YTD Sales Report through February 2009

The Headline for Simi Valley Moorpark Real Estate is…..”NOT MUCH HAS CHANGED”.  That is except for inventory continues to shrink.  Typically shrinking inventories favor sellers with modest increases in pricing, but the combination of tight lending criteria, our recession/depression, unemployment now over 10% in the State of California and a glut of Foreclosed – Short Sale properties for sale; Buyers remain cautious and bearish.  Sure you will hear some hype about multiple offers and Buyers having a hard time getting an offer to go through, but if you look at the over all picture, the numbers for Simi Valley Real Estate show that we are about where we started off last year (2008).  The following Simi Valley Moorpark Real Estate YTD Sales Report is created by myself and posted monthly on this blog.  Make sure to look though the Market Updates Category for past reports and trending.

If you are in the market to buy a house and you have missed out on one or more properties, be patient and don’t just settle for a house because of the pressure from other buyers. Many times there are much better homes in tip top shape that are getting overlooked because of the action on the Foreclosed and Short Sale homes. The lure in a lower price will be offset by numerous repairs and home improvements you will have to deal with, as deferred maintenance is typical of Short Sale and Foreclosed homes.

Be sure to subscribe to this blog on the upper right hand side of the page either by email or RSS feed as I will be posting pictures of some of the serious issues I am seeing in foreclosed homes, that will cost thousands of dollars to repair.


Activity – Single Family Detached Homes
Active Listings Simi Valley Moorpark
Active
# Units 401 135
Average List Price 557,286 858,660
Average Days Listed 125 103
Pending Sales in Escrow
# Units 92 25
Average List Price 443,676 589,418
Average Days on Market 73 85
Total Closed Sales for 2008
# Units 127 32
Average List Price 447,420 524,767
Average Sold Price 437,360 509,175
Average Days Listed 81 75
Average Closed Sales per month 63.5 16
Unsold Inventory Index (in months) 6.31 8.44
Activity – Single Family Attached Homes
Active Listings Simi Valley Moorpark
Active
# Units 125 28
Average List Price 317,530 281,517
Average Days Listed 148 112
Pending Sales in Escrow
# Units 17 14
Average List Price 255,782 241,999
Average Days on Market 120 77
Total Closed Sales for 2008
# Units 20 15
Average List Price 255,935 268,223
Average Sold Price 251,228 263,540
Average Days Listed 75 118
Average Closed Sales per month 10 7.5
Unsold Inventory Index (in months) 10.6412.5 3.73

Posted in: Market Updates Tagged: homes, housing, Market Updates, Moorpark Market update, 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.

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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 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
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