Simi Valley Short Sale & Real Estate Market Update

By Chris B Johnson Realtor, 

The median sales price for homes in Simi Valley for Dec 13 to Mar 14 was $430,000 based on 197 home sales. Compared to the same period one year ago, the median home sales price increased 8.4%, or $33,250, and the number of home sales decreased 43.1%.

The average price per square foot for a Home in Simi Valley was $272, an increase of 17.2% compared to the same period last year. 

There are currently 438 resale and new homes in Simi Valley including 8 open houses, as well as 324 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in Simi Valley was $609,104 for the week ending Mar 26, which represents an increase of 0.3%, or $1,626, compared to the prior week.

Market View for Simi Valley

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Average Listing Price:

·                           $609,104  for week ending Mar 26          +$1,626

Median Sales Price:

·                           $430,000  Dec '13 - Mar '14                     +$33,250

Home Standings:

·                            438 Homes for Sale

·                           8 Open Homes

·                          978 Recently Sold

·                        324 Foreclosures

Market Trends for Simi Valley

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·        

Average Listing Price	$609,104	+0.3%	w-o-w
Median Sales Price	$430,000	+8.4%	y-o-y
Average Price/sqft	$272	+3.0%	y-o-y
Number of Sales	197	-43.1 %	y-o-y

Thousand Oaks Short Sale Update

Moorpark Short Sale Update

Foreclosure resales – homes foreclosed on in the prior 12 months – accounted for 6.8 percent of the Southland resale market in February. That was up slightly from 6.6 percent the prior month and was down from 16.2 percent a year earlier. In recent months the foreclosure resale rate has been the lowest since early 2007. In the current cycle, foreclosure resales hit a high of 56.7 percent in February 2009.

Short sales – transactions where the sale price fell short of what was owed on the property – made up an estimated 9.4 percent of Southland resales last month. That was down from a revised 11.0 percent the prior month and down from 22.4 percent a year earlier.

If you want an accurate idea of what your home is worth Click Here:    
          
You may now have enough EQUITY in your home to sell WITHOUT having to be “short”.

If you are thinking about a short sale I can help
you get an accurate value for your home and get back on your feet.

If you would like periodic updates on what is going on in Your Neighborhood or the Ventura County Real Estate Market, Click on the Links!

Thanks for reading this,

Chris B Johnson.

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 Short Sale Negotiator.