Friday, June 25, 2004
86 properties on Caravan this morning.
What is CARAVAN? Caravan is a day during the week when The Simi Valley Moorpark Association of Realtors holds a meeting to pitch the new listings that have been taken in the last 7 days. This is to better expose new listings to the Realtors that participate in the Caravan meetings. Generally the area's top agents attend these meetings on a regular basis. While there are over 700 Realtors that are members of SVMAR, it is unfortunate that this meeting is sparsely attended.
Of the 86 properties pitched this morning, 4 had been on caravan previously and one property had been sold before this morning. 7 of the properties were in Moorpark. 39 were 4 bedroom homes. 26 were 3 bedroom homes. 12 were 5 bedrooms. 1 was a 6 bedroom home. 2 were mobile homes. 5 were condos/townhomes.
Prior to May of this year we were averaging 20 homes each caravan with 30% sold before caravan. Since May the average started at 40 homes a week with the last two weeks at 60 homes. Inventory levels are rising and buyers have been cooling off. Last Sunday and Monday saw the first articles in the Daily News and Star, hinting at market conditions that are only known by local full-time Realtors.
Of the 86 properties pitched this morning, 4 had been on caravan previously and one property had been sold before this morning. 7 of the properties were in Moorpark. 39 were 4 bedroom homes. 26 were 3 bedroom homes. 12 were 5 bedrooms. 1 was a 6 bedroom home. 2 were mobile homes. 5 were condos/townhomes.
Prior to May of this year we were averaging 20 homes each caravan with 30% sold before caravan. Since May the average started at 40 homes a week with the last two weeks at 60 homes. Inventory levels are rising and buyers have been cooling off. Last Sunday and Monday saw the first articles in the Daily News and Star, hinting at market conditions that are only known by local full-time Realtors.
