December 2016 Simi Valley Home Sales followed a similar pattern as the last few months. Fewer homes sold compared to the year before, median prices dropped and luxury homes sales were down. Final sales prices compared to their original list price tightened again slightly. Median home price for the year is up 3.49%. Housing wire […]
September 2016 Simi Valley Home Sales
September 2016 Simi Valley Home Sales were 4.64% lower in median price than September 2015. While this does not indicate any immediate trends for the market, it does align with the affordability problem Simi Valley is beginning to see as well as the entire state of California. If you have been reading these monthly updates […]
2015 Simi Valley Housing Report
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 […]
Simi Valley Housing Update December 2015
There are three main factors that the Simi Valley Housing Update December 2015 will highlight. These factors have been fairly consistent and should give homeowners some relief and assurance of this non volatile housing market. This has been an extended period of market stability and will remain so for quite some time. Price have been moving […]
July 2015 Simi Valley Housing Report
The July 2015 Simi Valley housing report has some very interesting developments. The number of single family detached homes sold in July was 151. This is the highest on record since the housing bubble burst almost 10 years ago. Overall volume cooled in 2014 compared to 2012 and 2013, however, 2015 has had higher closing volumes […]
May 2015 Simi Valley Housing Report
The May 2015 Simi Valley Housing Report is showing stability in the market. May 2012, 2013, 2014, the number of units sold is relatively the same. Median home prices for Simi Valley in 2015 are 3.85% up from January to May. The market breaks down along affordability lines. Where homes are the most affordable, Sale […]
September 2013 Simi Valley Housing Update
Volumes for September 2013 Simi Valley home sales were down 10% compared to September 2012. The median home price is up 16.49% compared to September 2012. With the increase in home price and with 30 year interest rates over 4%, this 10% reduction in sales volume is not a surprise. Prior to this increase in […]
August 2013 Simi Valley Housing Update
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. […]