This report is an update report of all the closed sales of single family dettached homes for Simi Valley. The good news is that we are definately seeing more units close as this trend started in April and is continuing into May; however the the Average Selling Price is dropping and dropped significantly over the last two weeks from $585k to $550K.
| Total Solds – Single Family Detached as of 5-8-08 | 267 | % of Total | |
| Closed Sales | Avg. SP $550,696 and under | 225 | 84% |
| Total Homes in Escrow | 215 | ||
| In Escrow Back up or 1st right contingentices | Avg SP $604,000 and under | 39 | 18% |
| In Escrow | Avg SP $519,000 and under | 55 | 26% |
| SubTotal In Escrow Short Sales or Forclosures | 64 | ||
| In Escrow – Short Sales or Foreclosures BO or 1stR | Avg SP $508,000 and under | 17 | 29% |
| In Escrow – Short Sales or Foreclosures | Avg SP $466,000 and under | 33 | 52% |
THE BULK OF THE SALES ACTIVITY IS IN THE BELOW $600,000 MARKET.
The largest buyer pool for Simi Valley Real Estate Homes is clearly shown in the numbers above. If your home is in a value range above these homes, PRICING & purpose MARKETING is critical as there are fewer buyers.
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