Simi Valley Homes - Ted Mackel

Inventory has been declining. During the summer there were as many as 850 homes for sale and 150+ were vacant. As of today there are 510 homes for sale with 98 of them vacant. New inventory on caravan this morning was low, but it will still be a few weeks before we will know what kind of trend there might be for this year.


Simi Valley (not including Wood Ranch)

• 3 Bedrooms - 106 total with a $445k - $560K range
• 4 Bedrooms - 113 total with a $480k - $650k range. There are a few pockets of newer developments that are ranging in the $700k to 1 million range, but these are very specific neighborhoods with most of these homes built after 1998.
• 5 or more Bedrooms - 38 total with a range from $480k to 1 million. The difference in neighborhoods is very noticeable. This would include models such as the Tempos & Mountain Valley's up through Silverthorne.

Simi Valley Wood Ranch

• 3 Bedrooms - 14 total with a range of $475k - $600, with a few areas going into the $800k range.
• 4 Bedrooms - 10 total from $680k to over 1 million.
• 5 or more Bedrooms - 12 total from $700K to over 1 million

Moorpark

• 3 Bedrooms - 38 total from $450K to $600k range with some up to the 1 million range depending on location and year built.
• 4 Bedrooms - 36 total from $500k to over 1 million
• 5 or more Bedrooms - 17 total from $750k to over 1 million

The above information shows very broad information. You will not be able to determine the value of your home without a comparative market analysis. This information will help you understand trends and over time can help show which way the market is trending. If you would like a free comparative market analysis of your home, please call me at (805) 432-7705 or send me an email ted.mackel@century21.com.

Happy New Year everyone. I decided to change the format of the updates from last year. I will no long provide the Weekly Caravan information, but I will update the total inventory for Simi/Moorpark with other leading market indicators about every 4 weeks. If you have direct questions, please send me an email at ted.mackel@century21.com and I will help you with any other data you might need.