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 […]
Simi Valley October 2011 Home Sales
October Single Family Detached Home Sales for Simi Valley did not react much different that September. Volume is up over 2010 and 2009. Homes under $400k are pulling the lion’s share of the activity and as interest rates drop into low 4’s and high 3’s buyers still remain cautious. I mentioned last month the sluggish […]
False Recovery? How Fragile is the Simi Valley Real Estate Market
False Recovery? How Fragile is the Simi Valley Real Estate Market This is a chart I whipped up last year trying to illustrate what a mortgage interest rate does to the real estate market when it goes over 6%. I might have posted it before, but it really needs another look at with our current […]
