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 April 2012 Home Sales Report
Are we emerging from a depressed Real Estate Market in Simi Valley? Are you hearing rumors that the market is picking up? Well before getting to worked up over some promising numbers let’s dive in for a closer look to the activity in Simi Valley and understand what is going on. Simi Valley Home Sales […]
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 […]
Median Home Prices and Regional Reporting Misrepresents Local (Simi Valley) Market Conditions
Median Home Prices and Regional Reporting Misrepresents Local (Simi Valley) Market Conditions To find the median home price, you take all the sales from highest to lowest and find the middle number. This approach to determining the current real estate market conditions is a waste of time and not reliable. The following chart below shows […]
