Home Sales Down in Simi Valley Real Estate Market

The Simi Valley market pulled back with a 10.5% sales drop in this week's report. Overall sales numbers for the last 30 days remained below the 116.9 monthly average with 94 homes sold. Within the same time frame, Los Angeles had 1,923 sales, the most of all cities in the area. Potential buyers should note that prices went up in Simi Valley, with the median for this period rising from $515,500 to $517,750. With only three months of inventory to sell, Simi Valley is a seller's market, in spite of the dip in sales.

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Demographic facts for Simi Valley:

  • 71.9% of the people in this area are homeowners.
  • The student-to-teacher ratio is 24.0:1. (15.3:1 = national average)

Data reported through 1/11/2017

Comments:

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Troop Real Estate
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