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 […]
SImi Valley November 2012 Home Sales
Single-family detached home sales for the month of November 2012 in Simi Valley slowed and finished below the trending average of 115 units per month for this year. This is somewhat of a surprise as the last couple years sales volumes increased near year-end, as the banks rushed to clear their books of short sales […]
Simi Valley July 2012 Home Sales Report
If Simi Valley home sales remain strong, how come pricing remains flat? Before I bore you with all the detail and numbers, here’s a layman’s version for what is happening in the market. The available number of homes for sale in Simi Valley is extremely tight. Interest rates for home loans are at a […]
Low Inventory Gives False Signals on Real Estate Recovery
The Simi Valley Real Estate Market has changed dramatically in 2012, but not in the the ways most would hope for. There are several major factors fueling the market, but like any house of cards, what has happened since March of this year can stop as fast as it has started. While real estate places […]
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 […]
Phantom Inventories can be Deceiving (Simi Valley housing report)
Phantom Inventories can be Deceiving (Simi Valley housing report) We are constantly hearing all the time that Simi Valley housing inventories are shrinking and that sales are picking up. I have talked about it in my market updates. Let me put this in context. What most are not aware of is the Phantom Inventory that […]
