Housing activity in Simi Valley for August 2013 is beginning to show some easing. While the $400,000 a $500,000 price range continues to dominate sales, the list to sell ratio in almost all price categories is starting to back off. This is still a strong seller’s market however homes are selling just under full list […]
July 2013 Simi Valley Housing Update
Simi Valley home sales for July remained strong. The market for single-family detached homes continues to push to stay above 100 units sold per month. Strong sales in July were fueled by buyers in the first and second quarters stuck with a very low inventory and low interest rates. Units sold in July typically began […]
June 2013 Simi Valley Housing Update
The Simi Valley Real Estate market saw a 10% drop in the number of homes sold for the month over June 2012. While this does not necessarily signal bad news is it probably the warning shot over the bow that the robust market we are experiencing will cool off somewhat over the next few months. […]
May 2013 Simi Valley Housing Sales Report
Simi Valley housing sales for May 2013 increased by 25 units over April’s volume. Homes continue to sell near, at or just above the original asking price across all price sectors. Homes in the $400,000-$500,000 price range continued to dominate sales as they did in April. The median price for single-family detached homes in Simi […]
April 2013 Simi Valley Housing Sales Report
Some interesting but not unusual shifts in the Simi Valley housing market happened during April. Sales occurring during January, February and March are the result of home buyers tying up homes under contract in the months of November through January. Typical home buyer activities during these months tend to be slower partly due to holidays. […]
March 2013 Simi Valley Housing Sales Report
Competing home buyers are continuing to keep pressure on the Simi Valley housing market. Low inventory and interest rates below 4% are two primary factors pushing the market. With less than 90 homes for sale in Simi Valley on any given day, it’s no wonder buyers are frustrated when competing with multiple offers trying to […]
February 2013 Simi Valley Housing Sales Report
February single-family detached sales volumes in Simi Valley California pretty much mimicked January, however, median and average pricing vaulted upward due to increased closing volumes in homes priced over $500,000. A total of 81 single-family detached homes sold in February and breakdown as follows. 15 of the 81 homes were purchased with cash. 9 of […]
Simi Valley Housing Sales Report January 2013
Home sales of single-family detached units in Simi Valley California for the month of January 2013 pulled back with only 85 sales for the month. While this is dramatically lower than the monthly average for 2012 and a 22% decline from December 2012; January and February over the last several years have typically behaved in […]
2012 Year End Real Estate Report for Simi Valley CA
How did the year end for Simi Valley home sales in 2012? Did the real estate market live up to all hype from the industry and media coverage? Remember that real estate markets are local, even hyper local. What may happen in some price ranges and some other areas may not always occur in our […]
Simi Valley December 2012 Home Sales Report
Sales of single-family detached homes in Simi Valley during the month of December improved slightly over the prior year’s totals. Median home pricing settled out at $400,000 and the average sale price retreated $27,000 at its lowest point since June 2012. Distressed properties still make up approximately 50% of all sales. Restricted inventories and low […]
