Simi Valley Real Estate Homes Market Update
Inventory overall is decreasing in total units. Units closing per months picked up in April and May. Prices continued to decline but showed some signs of slowing. Foreclosures and short sales still impact the general emotional state of the market coupled with reports from the media on housing, inflation and unemployment. Excellent buying opportunities in Simi Valley have been acknowledged by multiple offers on the best value for the dollar.
The following charts show Simi Valley Closings by months for 2006, 2007 & 2008; separated by Detached and Attached (condos and Town homes). Click on each chart to see it in full size.
The following charts show Simi Valley New Listings by months for 2006, 2007 & 2008; separated by Detached and Attached (condos and Town homes). Click on each chart to see it in full size.
Still, 85% of the closings continue to be below $600,000 for the detached homes, this is where the activity is highest.
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