Simi Valley Homes Are Selling Quick!

As a local Simi Valley real estate team we have noticed that the Simi Valley housing market has been heating up for some time now with no end in sight! Homes are selling very quickly – many before list and most above asking! If you are thinking of buying or selling a home in Simi Valley we would be happy to help advise you on the best decision for your family. Below is some helpful information regarding the latest in the Simi Valley housing market.
• Prices went up 18.6% in 2021 from 2020
• Median home sale price is $735,000
• Average homes are taking 32 days to go under contract
• Number of homes sold has increased from 140 homes sold in July 2020 to 198 homes sold in July 2021
• The average home is selling for 4% above list price with 80% of nearly all homes selling above list in some capacity
• Homes that see significant traffic and become marked as a “hot home” are selling for roughly 8% above list price
We understand how overwhelming all of this information can be for both buyers and sellers. For sellers you want to be educated in the market to make sure that you are getting top dollar for your home. You don’t want to sell yourself short. You also need to make sure that you are navigating multiple offers accurately and in the most profitable way. As a buyer we understand how disheartening a market like this can be. Our team is skilled in navigating such a difficult real estate market in Simi Valley and the surrounding areas. If you need help achieving your real estate goals or are feeling down about missing out on homes you truly want let us help you make sure you find the home you have been dreaming about. Check out our listings to find Simi Valley homes for sale.