home sales: 30% loss in value - Simi Valley Wood Ranch Home Sales Data 2006 through 2010 - 07/24/10 12:17 PM
Earlier this decade when money was flowing, homes were selling like hot cakes and cab drivers were flipping houses like seasoned real estate investors, many wondered if they would ever be able to afford a house in Simi Valley's Wood Ranch. My, have the tables turned in just four short years. The good news for those who were forced to the sidelines and wondered if Wood Ranch would ever be attainable, is:
Low interest rates, A banking industry that will be reeling for years as its slugs through hundreds of thousands of bad mortgages and The California economy that's going … (0 comments)

home sales: June 2010 Simi Valley Home Sales Are Unimpressive As Tax Credits Fails to Produce Stimulus Promised - 07/22/10 05:55 PM
Simi Valley June 2010 home sales might not have lost ground from 2009, but surely the point of the federal tax credits should have produced more than a gain of only seven homes in the detached category. Home sales year-over-year are not improving much at this point. The positive  outlook is that the bottom the Simi Valley housing market hit in May of 2009 has not been retested. The massive volume of properties with nonperforming loans will continue to keep the reigns on this market. The climb out will continue to be slow and long drawn out. I've posted a more … (2 comments)

home sales: Sales Data for Single Family Detached home in Simi Valley's Texas Tract 2004 - June 2010 - 06/28/10 02:43 PM

(2 comments)

home sales: Simi Valley March 2010 Home Sales Dropped 10% in the total Number of Homes Sold - 04/03/10 08:41 AM
Simi Valley March 2010 home sales dropped 10% in the total number of homes sold  over a year ago March. This is the continuation of the 3 month decline since December 2009.  This is not completely unusual as the first quarter trends slower in sales volume historically. Separating out the single-family detached from attached sales, the detached homes suffered an 18% drop while the attached (condos) gained. Additionally inventory is creeping up, as in 2009 the average total active detached homes were approximately 160 to 170 units compared to approximately 220 units currently. Looking closer at what is on the market … (0 comments)

home sales: Simi Valley Homes Sales Drop Again Decreasing Sales Not Unusual - 03/03/10 03:21 PM
February 2010 saw only 59 closed sales in Simi Valley for Single Family Detached homes. This is a drop from 74 closings in January and 98 in December. At first glance this is a concerning number, however for the last few years this really matches pace for February sales. There are many mixed signs in the Simi Valley real estate market, however the average sales price has remained stable over the last 12 months and has increased slightly. Looking closer at the closings, another interesting statistic sticks out. 60%-74% of all closings are being financed with 20% down and another 10% … (0 comments)

home sales: Simi Valley Homes Sales Volume January through September 2009 - 10/18/09 06:20 AM
Simi Valley Homes Sales Volume January through September 2009
 
This is the chart for Simi Valley Single Family Detached Homes only. The trend of the entry level market dominance is evident by the graphic.  Looking at the list price to sale ratio is another important factor as well.  At the very bottom end of pricing the list to sell rations are close to 100%.  As the pricing moves up home sales begin to average 97% and at the upper end of the market, Simi Valley homes are selling for 94% of the listed price.
 

(2 comments)

home sales: Simi Valley Homes Sales Volume down 11.1% - 10/02/09 08:11 AM
Comparing September 2008 with September 2009, this really is not very alarming other than September 2008 had some very troubling developments.  Fannie Mae and Freddie Mac were taken over by the government; AIG, Indy Mac, Lehman, JP Morgan Chase and Merrill Lynch created a panic, yet more homes sold in September 2008 than September 2009.  Part of this phenomenon is that the real estate market is not in recovery yet and the other part is that we are in a normal market trend period.
I have been digging around for this chart in my file cabinet and scanned this chart in … (0 comments)

home sales: Simi Valley Real Estate is #6 on the Business Week most improved home sales list (national) - 03/11/09 11:55 AM
Simi Valley Real Estate is #6 on the Business Week most improved home sales list (national)
I am not one to hype, so I will give you the good and the bad of this article.  As you dig into the details of Business Week's report on Simi Valley real estate, the trend of shrinking inventory and delcining prices is still in full motion.  Typically shrinking inventory is a stabilizing factor and helps prices to rise.  Not so in this case as there are major economic factors that are keeping a market turn around at bay.
True - Houses are selling with … (2 comments)

home sales: Simi Valley Real Estate Market Charts for February 2009 - 03/04/09 03:46 AM
Simi Valley Real Estate Market Charts for February 2009
 
Below are some visual illustrations of the Simi Valley Real Estate Market Climate.  For the detailed report please see the Simi Valley Real Estate Report at www.HomeBuysBlog.com






I create these charts from information taken from Ventura Conty Regional Data Share MLS.  The Charts are created in Apple's iWork '08 Numbers.  The Simi Valley Moorpark Multiple Listing service and Crisnet MLS systems do not have historical sales data earlier than 2006.  CRISNET had software limitations which required CRISNET to purge old data from the Database and … (0 comments)

 
Ted Mackel, Simi Valley Real Estate Agent (Keller Williams Realty Simi Valley)

Ted Mackel

Simi Valley Real Estate Agent

Simi Valley, CA

More about me…

Keller Williams Realty Simi Valley

Address: 2655 First St #150, Simi Valley, CA, 93065

Mobile: (805) 432-7705

Email Me

CA DRE LIC# 01224852
Ted Mackel - Simi Valley, CA Real Estate GuyPromote Your Page Too
SUBSCRIBE
tedmackel
( Standard )
joined 12/06/2006
4,846 channel views
74 subscribers
0 videos watched
84 public videos
see latest video
get your youtube channel badge


Links

Archives

RSS 2.0 Feed for this blog