By Chris B Johnson Realtor, Simi Valley Short Sale Map,
Moorpark Short Sale Map , Thousand Oaks Short Sale Map, Ventura County Short Sale,
The Simi Valley Short Sale Market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices. Demand measured by the Market Action Index is increasing and days-on-market is trending downward. Even as more properties come available, these are positive trends for the market.
Average Listing Price $585,518
for week ending May 21 -$5,925
-1.0%
Median Sales Price $450,000
Feb ’14 – May ’14 +$40,500
+9.9%
Home Standings
| Average Listing Price | $585,518 | -1.0% | w-o-w |
| Median Sales Price | $450,000 | +9.9% | y-o-y |
| Average Price/sqft | $280 | +4.5% | y-o-y |
| Number of Sales | 298 | -19.5 % | y-o-y |
| No. Bedrooms | Feb – May ’14 | y-o-y | 3 months prior | 1 year prior | 5 years prior |
| 1 bedroom | $225,000 | +73.1% | $174,750 | $130,000 | $150,000 |
| 2 bedrooms | $293,500 | +26.2% | $303,000 | $232,500 | $252,500 |
| 3 bedrooms | $442,000 | +15.3% | $418,000 | $383,500 | $357,000 |
| 4 bedrooms | $475,000 | +5.1% | $477,000 | $452,000 | $384,500 |
| All properties | $450,000 | +9.9% | $435,500 | $409,500 | $370,000 |
Looking for help? I can help you get your Single Point Of Contact, obtain a Loan Modification or Short Saleyour property and get back on your feet.
Send me an e-mail at cjohnson@prucalhomes.com. I will contact you for a free consultation.
When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at 805-208-0823.
Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.
Thinking about a loan modification? Our Moorpark loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy.
Thanks for reading this,
Chris B Johnson is a Realtor with Prudential California Realty, Berkshire Hathaway HomeServices .
Phone: 805-208-0823.
email cjohnson@prucalhomes.com.
Certified HAFA Specialist Certified Distressed Property Expert
Certified Short Sale Negotiator.
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http://ChrisBJohnson.housingtrendsenewsletter.com
Chris B. Johnson, Realtor, CDPE, SFR, BPOR, HAFA, CDAT
Prudential California Realty
Cell # 805.208.0823 CA. BRE 10501699
Email: cjohnson@prucalhomes.com
http://www.realtorbadge.com/getBadgeDetails.php?type=json&nid=a2o33f
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