Saturday, 16 December 2017

What is my Moorpark home worth? Market Report for 05/18/17

Written by Posted On Thursday, 18 May 2017 21:45

This Week's Home Prices in Moorpark

 Real estate market data provided by Ryan Huggins of Huggins Homes


About the Moorpark Area

Moorpark was founded when the application for the Moorpark Post Office was granted on June 1, 1900. The townsite of Moorpark was owned and surveyed by Robert Poindexter and his wife, Madeline. The town has experienced a great amount of growth since the late 1970s. The population was 34,421 at the 2010 census, up from 31,415 at the 2000 census.

The origin of the name "Moorpark" is unknown, but several sources have been suggested. Of these most sources agree that its origin was Admiral Lord Anson's estate Moor Park in Hertfordshire, England where he introduced the apricot in 1688. It is mainly believed that the town of Moorpark is named after the Moorpark Apricot, which used to grow in the area. This was confirmed by Robert Poindexter, the founder of Moorpark, in 1927. One other theory of the name is that when the Southern Pacific Railroad was surveying the local land in the 19th century for its railway, someone in the party said that the area, with its sloping hills, looked like the Scottish Moors. Hence the name Moorpark.

History

The valley where Moorpark is located was originally inhabited by the Chumash. The area was part of the large Rancho Simi land grant given in 1795 to the Pico brothers by Governor Diego de Borica of Alta California.

Robert W. Poindexter, the secretary of the Simi Land Company, received the land that made up the original townsite of Moorpark when the association was disbanded in 1887. Moorpark was founded in 1900 when the application for a post office was submitted. The application lists that there was already a railroad depot in the town. The town grew after the 1904 completion of a 7,369-foot (2,246 m) tunnel through the Santa Susana Mountains, which allowed the Southern Pacific Railroad to establish a depot there, a depot which lasted until 1965.

Moorpark was one of the first cities to run off nuclear power in the entire world, and the first in the United States. For one hour on November 12, 1957 this fact was featured on Edwin R. Murrow's "See It Now" television show. The reactor, called the Sodium Reactor Experiment was built by the Atomics International division of North American Aviation at the nearby Santa Susana Field Laboratory. The Sodium Reactor Experiment operated from 1957 to 1964 and produced 7.5 megawatts of electrical power at a Southern California Edison-supplied generating station.

Moorpark College opened on September 11, 1967. Moorpark College is one of the few colleges that features an Exotic Animal Training and Management Program.

Twenty years later, Moorpark was incorporated as a city on July 1, 1983.

In March 2005, the fairly complete remains (about 75%) of an unusually old mammoth, possibly the rare Southern mammoth (Mammuthus meridionalis), were discovered in the foothills of Moorpark at the site of a housing development

City divisions and neighborhoods

  • "Old Town Moorpark" is the area surrounding High Street, and is the historic center of the city. A feature of the downtown area are the pepper trees that line High Street, planted by Robert Poindexter who was responsible for the plotting and mapping of the town. This area also features the High Street Arts Center (a Performing Arts center operated by the City of Moorpark), and various restaurants and businesses.
  • The Peach Hill and Mountain Meadows neighborhoods are south of the Arroyo Simi, and most of the homes here were built within the last 30 years. Moorpark High School is in this area, as well as many parks, including the Arroyo Vista Park and Recreation Center, the city's largest park. This area contains a large part of the city's population.
  • Campus Park is dominated by Moorpark College. An additional substantial development is occurring to the north of the existing city, in the area of the Moorpark Country Club.

Source: https://en.wikipedia.org/wiki/Moorpark,_California

City Map

Moorpark Real Estate Report Summary

Below is a current market snapshot of the Moorpark area:
Moorpark This week Last week Difference
Active: 97 90 7
Pending: 22 24 -2
Sold (over the last six months): 162 159 3
Median list price: $719,000.00 $710,000.00 $9,000
Median sales price: $680,000.00 $675,000.00 $5,000
Median days on market: 44 44 0
Months of inventory: 3.16    
Market Type Seller's Market    

There are traditionally three types of real estate markets, the Buyer's Market, the Seller's Market and the Balanced Market.  I have taken this one step further and developed the "Strong" versions of the Buyer's and Seller's Market.  The strong markets are within 2.5 months of the end of the spectrum.  These markets are determined by the number of months it will take to sell all the homes actively on the market, at any given time.  

Below is the scale I developed to determine the type of market each area is in:

Strong Seller's: 2.5 months or less
Seller's: Less than 6 months
Balanced: 6 months
Buyer's: 7 months or more
Strong Buyer's: 9.5 months or more

CONTACT RYAN TODAY to find out what you home is worth!

Ryan Huggins
Huggins Homes
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#Moorpark #RealEstate #HomeValue #PropertyValues #WhatIsMyHomeWorth
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Ryan Huggins

Ryan grew up in the real estate business. He obtained his license in the late 90s at the age of 18.

Ryan brings to the table not only a lifetime of real estate knowledge, but also a unique and technical skillset, based upon his vast experience in world class technology environments for some of the biggest Fortune 100 companies!

Ryan is well versed in a variety of disciplines including: Social Media Marketing, Paperless Transactions, Investment Properties, First Time Buyers, Property Management, Foreclosure Assistance and Relocation.

In his free time Ryan enjoys working out, cooking, hiking and volunteering with Malibu Search and Rescue as a member of their Incident Support Team.  In 2015 Ryan was one of 15 nominees (out of over 3,000 volunteers) for the LA County Sheriff Volunteer of the Year award!

Ryan can be reached at: 805.905.4000 or Ryan@HugginsHomes.com

www.HugginsHomes.com

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