homes for sale: Market Report for April 2010 Simi Valley Detached Home Sales
- 06/26/10 07:37 AM
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 in the Home sales reported for May and June as part of the tax credit regulation required that Simi Valley home buyers have a property in escrow by April 30 but close their escrows by June 30. Still looking at the charts below you can see … (2 comments)
homes for sale: Simi Valley Homes For Sale - Why Number of Escrows Does Not Indicate A Hot Market
- 03/26/10 08:03 PM
Those looking at Single Family detached Simi Valley homes for sale are confronted with mixed reports from the media and the real estate industry as to whether or not it is a good time to buy. Sometimes looking at the number of escrows (Simi Valley homes under contract) may seem like a logical place to forecast the strength of the market. However, as I've pointed out in several blog posts, breaking down the number of escrows into the proper categories shows that the Simi Valley housing market still has many issues to work out. As of this evening there were 181 … (0 comments)
homes for sale: Understanding Simi Valley Homes For Sale - Real Inventory Levels Clash with MLS Reports
- 03/23/10 05:26 PM
Understanding Simi Valley Homes For Sale Inventory Levels Numbers are thrown around quite liberally by the media and my industry. The first thing to always consider is that local real estate is local for a reason and when looking at market conditions a hyper-local focus is necessary. Even when you dissect the market data for a city the size of Simi Valley, sales cannot be averaged citywide and the median number we see does not reflect this very delicate market. For example, all throughout 2009 Simi Valley averaged approximately 160 to 180 single-family detached homes for sale at any one given … (4 comments)
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 in the Home sales reported for May and June as part of the tax credit regulation required that Simi Valley home buyers have a property in escrow by April 30 but close their escrows by June 30.
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