Community Home Buying & Selling Real Estate Guide
Insider's Guide to Real Estate Research & Home Owner Information
What is the outlook for 2017? Are we seeing a real estate bubble or a supply and demand issue? Joel Singer the CEO of the California Association of Realtors sits down with Conan Nolan of NBC LA and answers some question on the future of the California housing market.
If you read last month’s report, October 2016 Simi Valley Home Sales illustrates perfectly what happens to the median home price when a larger than normal percentage of luxury homes sell over the lower end of the market. There is plenty of good news however as the saying goes devil is in the details. The […]
How did August 2016 Simi Valley Home Sales fair? The market sent many mixed signals. Lower end houses sold for an average of 3.5% to 4.5% below the original asking price. Simi Valley homes under $400,000 were all serious fixer opportunities. Days on market is still hovering at two months. Homes in the $500,000 to […]
June 2016 Simi Valley Home Sales continued to be strong with 141 single family detached homes selling, just out pacing June 2015 volume of 137 homes. While sales are strong, there is still some negotiation going on between buyers and sellers in all segments of the market except for the few homes that have sold […]
Even though the May 2016 Simi Valley Housing Report for the last two months shows a slight reduction in the number of homes sold, the market remains strong. Homes between $500,000 and $600,000 continued to lead all other price ranges in number of units sold for a second month in a row. Inventory below $500,000 […]
The March 2016 Simi Valley Housing Report shows that the sales volume was up significantly over March 2015 and 2014. It is early to call this a trend for 2016 as inventory levels remain tight. Continued upward pricing pressure is affecting affordability in the Simi Valley housing market which in turn is affecting move up […]
The January 2016 housing report for Simi Valley was a little sluggish in volume compared to the 4th quarter 2105, but not overall surprising for the beginning of the year as historically January tends to average 75 closed units going back into 2006 (prior to the housing collapse). Median pricing edged up and the days […]
2015 Simi Valley Housing Report With 2015 closed let’s look back and see how the market performed to see if there are any signs that might carry into 2016. Simi Valley saw it’s second highest closed sales volume in the last 10 years, with 1,263 homes sold. 2012 saw 1,282 homes sold, but that was the […]
October 2015 Simi Valley Housing Report will be a little different this time as new regulations imposed by the The Consumer Financial Protection Bureau under Dodd-Frank have caused new requirements in loan disclosures. These requirements are significant enough that Lenders are requiring 45 days for Escrow periods as opposed to a typical 30 day escrow. This longer […]
The August 2015 Simi Valley Housing Report shows decent seasonal summer sales, however, median pricing tailed off just a little bit and total closed volume was lower than 2013 and 2014. Looking at the different pricing sectors for Simi Valley shows much of the same with sellers accepting offers below the original list price. The strongest […]
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