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 […]
Simi Valley June 2012 Sales Report
Some of the effects of low inventory are starting to set into the Simi Valley housing market. Generally when inventory tightens and home buyer choices are limited, competition for existing homes should drive prices upward. In talking to home sellers across Simi Valley and experience from the transactions I have been involved in recently; when […]
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 […]
Simi Valley May 2012 Home Sales Report
Sales Volume for Simi Valley Single Family Detached homes is still strong, however Median and Average Sales prices retreated from the year’s high in April. This was the strongest May we have seen going back to 2006 and the highest monthly sales volume for 2012. Interesting that we have increased sales volumes, yet the pricing […]
Waiting for the Bottom of the Simi Valley Real Estate Market?
Well I hate to say you missed it, but if you thought you were a market timer, the bottom has come and gone. . The market bottomed out between 2011 and 2012 with the recovery really kicking in last summer. The combination of low interest rates and low home prices have come and gone barring […]
Simi Valley July 2011 Home Sales Surge on Volume Average Sale Price drops $57k
See Simi Valley Homes For Sale under $300,000 The Simi Valley Real Estate Market is in the middle of a very interesting transition and while the traditional media and my industry tend to create reports that either cheer-lead or sell subscriptions; it would be prudent to really look at what has happened in July and […]
Asking for Closing Costs Could Cause Home Buyers To Over Pay For Their Purchase
Home Buyers many times ask Home Sellers for concessions or assistance when they make an offer to purchase a home. The typical request from a home buyer is for closing costs, a home warranty, repairs or for the seller to include certain personal property items for sale. This article will focus on closing cost requests […]
Simi Valley Homes For Sale Market Report for April 2010
Simi Valley homes for sale for the month of April 2010 had a slight uptick. The gain in average sales price and the slight gain in the total number of Simi Valley homes sold, is largely related to the federal tax credit that expired April 30. Effects from the federal tax credit will be seen […]
The Lunatics Have Taken Over The Asylum
The lunatics have taken over the asylum. (CNBC video interview at end of this post) Beside being the song title of a 1980s new wave band (Fun Boy Three), the title of this post may be more accurate than even I realize. I follow the papers, several blogs including Calculated Risk, Square Feet Blog, industry […]
Simi Valley Housing Market Update YTD July 31, 2009
Simi Valley Housing Market Update YTD July 31, 2009 The Simi Valley housing market has not been boring lately. Extremely low inventories, Super Low interest rates and the $8,000.00 Federal Tax Credit which expires December 1st have buyers whipped up into a frenzy competing for very few homes for sale. This situation has stabilized the […]
