While the new improved FHA policy looks to aim at the hardest hits part of the county, this is definitely an improvement in understanding how to tackle a difficult problem. Over the last 4+ years, 50% of the sales I have been involved in have been Short Sales. There is no shortage (no pun intended) […]
Simi Valley October 2012 Home Sales Report
The number of Simi Valley Single Family Detached Home Sales for the month of October 2012 is up, while median price is flat. Sales remain strong and October was no exception beating out the average of 115 sales per month up to 121. Inventory has dropped below a one month supply for the first time. […]
Simi Valley September 2012 Home Sales Report
Homes Sales in Simi Valley for the month of September backed off slightly. The monthly average of 115 sales dropped to 109. While September is a busy month for many families, the restricted inventory and low interest rates still did not deter solid interest in home purchases. The Simi Valley housing market is very stable […]
Simi Valley August 2012 Home Sales Report
The Simi Valley Housing Market continues to show mixed signals. If you talk to most buyers and Real Estate Agents, they will tell you how hard it is to find a home. They will tell you about all the homes that are selling with multiple offers and that there are just not enough properties available for sale. Even […]
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 […]
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 […]
Low Ball Offers Should You Write One?
The Simi Valley Real Estate Market has lost as much as 50% or more in many tracts since the “bubble burst” Last year the market lost 12% alone when many were trying to proclaim recovery. Those looking to purchase property continually ask the question “Are we at the bottom?” We know that timing the bottom […]
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 […]
