Sunday, 17 December 2017

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

Written by Posted On Thursday, 18 May 2017 21:49

This Week's Home Prices in Simi Valley


 Real estate market data provided by Ryan Huggins of Huggins Homes


About the Simi Valley Area

The city of Simi Valley (from the Chumash word, Shimiyi), is situated in the southeast corner of Ventura County. The city's 2014 population has been estimated at 126,871, up from 111,351 in 2000. The city of Simi Valley is surrounded by the Santa Susana Mountain range and the Simi Hills, west of the San Fernando Valley, and northeast of the Conejo Valley. It is largely a commuter bedroom community feeding the larger cities in Ventura County to the west and the Los Angeles area and the San Fernando Valley to the east.

The Ronald Reagan Presidential Library, where the former president was buried following his death in 2004, is in Simi Valley. A study done by the University of Vermont ranked Simi Valley as the fifth-happiest city in the United States. According to crime statistics by the FBI in 2013, Simi Valley is the seventh-safest city in the U.S. with a population of 100,000 or more. The U.S. Census Bureau of 2012 reported a median household income of $87,894, which is higher than the California median of $70,231 and the national average of $62,527.

One of Simi Valley's most unique features is a happy face that has been faithfully maintained on the side of a hill as you enter Simi Valley from Chatsworth.  Recent upgrades include night time lighting.

 

 

 

 

Landmarks

Simi Valley is home to the Ronald Reagan Presidential Library, which has been visited by more than 1 million people since it opened. President Reagan was buried at the library in June 2004. The library adjoins a hangar in which the Boeing 707 SAM 27000 (Air Force One), which served presidents Nixon through G.W. Bush, is housed and available for tours. In the pavilion are various automobiles used to transport the president, as well as Marine One, the presidential helicopter.

The former Corriganville Movie Ranch and its Fort Apache film set, now Corriganville Regional Park, is the Santa Susana Knolls. Many television series were filmed there during the 1950s, such as Richard Carlson's Mackenzie's Raiders. Other areas of filming includes Big Sky Ranch, where the Little House on the Prairie was filmed, Poltergeist was filmed on Roxbury Street, and Welcome Danger (1929) and numerous others in Santa Susana.

In popular culture

Given its close proximity to Hollywood, Simi Valley has long been a popular entertainment industry location.

  • Simi Valley and the surrounding hills have been the site of several television shows, including the long-running series Gunsmoke and M*A*S*H.
  • Many freeway scenes from the TV Show CHiPs were filmed on the 118 in Simi Valley while it was under construction.
  • In 1983, Colleen McCullough's TV mini-series, The Thorn Birds, was brought to life in a remote corner of the Simi Valley. 
  • The 1986 western comedy film ¡Three Amigos! was partially filmed here.
  • The 1982 hit horror film Poltergeist was filmed on Roxbury Street in Simi Valley. 
  • For the 1992 movie "Sneakers" with Robert Redford, the Gibraltar Savings building was transformed to The Playtronics Toy company.
  • Most of the 2003 film adaptation of The Cat in the Hat starring Mike Myers and Dakota Fanning was filmed in Simi Valley.
  • In March 2008, G.I. Joe: The Rise of Cobra starting filming in the northern hills above Simi Valley, near the Little House on the Prairie site.
  • Scenes in Criminal Minds were filmed in various places in Simi Valley, Including an intersection on Cochran St.

City Map

Simi Valley Real Estate Report Summary

Below is a current market snapshot of the Simi Valley area:
Simi Valley This week Last week Difference
Active: 189 177 12
Pending: 53 52 1
Sold (over the last six months): 401 395 6
Median list price: $599,999.00 $599,900.00 $99
Median sales price: $575,000.00 $575,000.00 $0
Median days on market: 49 49 0
Months of inventory: 2.50    
Market Type Strong 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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#SimiValley #Simi #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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