Simi Valley Real Estate Market Report YTD April 30 2009 (Video Blog)

Simi Valley Real Estate Market Report YTD April 30 2009

The table below contains the Simi Valley Homes for Sales numbers and closing numbers Year-To-Date April 30, 2009. One number that our Multiple Listing Service Statistical reports do not separate is the Active Listings. Our Simi Valley Multiple Listing service lumps the homes in “Back Up” status as active. This creates a false sense of how tight the inventory really is. For example if the average monthly sales rate for single family detached is 71 homes per month and we only have 175 homes Active that are not in “Back-Up” status then that is a 2.4 month supply of inventory, not a 5.54 month as our MLS report shows. 5-6 months is a very balanced market more is a buyers market and less is a supposed to be a Seller’s market. Prices are not increasing, but homes priced properly are selling fast.

Activity – Single Family Detached Homes
Active Listings	Simi Valley	Moorpark
Active
# Units	325	116
Average List Price	608,304	1,083,578
Average Days Listed	125	118
Pending Sales in Escrow
# Units	142	29
Average List Price	434,367	442,558
Average Days on Market	70	103
Total Closed Sales for 2008
# Units	284	74
Average List Price	445,542	590,753
Average Sold Price	435,6304	565,761
Average Days Listed	83	73
Average Closed Sales per month	71.0	18.5
Unsold Inventory Index (in months)	5.57	6.27

Activity – Single Family Attached Homes
Active Listings	Simi Valley	Moorpark
Active
# Units	126	24
Average List Price	311,362	271,397
Average Days Listed	169	119
Pending Sales in Escrow
# Units	24	14
Average List Price	272,492	274,859
Average Days on Market	109	68
Total Closed Sales for 2008
# Units	48	30
Average List Price	273,461	626,445
Average Sold Price	265,161	253,264
Average Days Listed	81	108
Average Closed Sales per month	12.0	7.5
Unsold Inventory Index (in months)	11.90	10.5