Everything you need to know about Simi Valley as well as market trends and outlooks for 2020
Are you considering moving to Simi Valley, CA? Simi Valley is part of the greater Los Angeles area, located in the very southeast corner of Ventura County. It’s roughly 40 miles away from downtown Los Angeles and has a population of almost 126,000 people. Simi Valley is the perfect getaway - a pretty, quiet, and quaint area with a lot to do. It contains the small-town charm, all while still being close to Southern Cali’s most famous attractions. It’s a vibrant city packed with historical landmarks, cultural diversity, and gorgeous rolling hills. Call Casey Gordon today at (805) 75-9804 today to learn more about Simi Valley homes, and why the year 2020 is a great time to invest!
Simi Valley is a very notable sector within the greater Los Angeles area. It’s a picturesque area that sits in the San Fernando Valley mountaintops - known well for its amazing school systems, recreation, and businesses. Weather in Simi Valley is almost perfect, with roughly 277 sunny days, hot summers, mild winters, and only 16.5 inches of rain yearly. Though the weather is gorgeous, expect to feel earthquakes every so often! Neighborhoods in Simi Valley offer residents both city and country living. They are wide in diversity, and for educational areas, popular places to live include Cochran Street, Yosemite Avenue, and Rambling Road.
Simi Valley has an exceptional school system - with over 25,000 students and packed with elementary, middle, and high schools as well as adult education campuses. Simi Valley High School was even ranked in the top 1,000 high schools in North America, and providing fine education is a top priority in the province.
Simi Valley has a median home price of roughly $619.5K, and 2-3 bedroom home rentals usually cost around $1600-$2750 every month. Simi Valley is a trendy place to live, and it’s an area that shines bright in greater Los Angeles.
- Median List Price $619.5K
- Median List /Sq.Ft.$328
- Median Sale Price$590K
- Median Rent Price per month$1600-$2750
- Median Home Value+1.3% over the last year
Keep in mind that market trends change from year to year, but in Simi Valley, market trends tend to stay pretty stable. Right now, market trends in Simi Valley are excellent for buyers and sellers, as well as property investors. And right now, larger homes are all the rage. In fact, single-family homes are absolutely dominating the area, despite the many options for luxurious condos and beautiful apartment communities. In fact, over 80% of properties in Simi Valley are single-family homes with 2-4 bedrooms. These properties see a year-over-year median price growth, and multi-bedroom homes do much better on the market and have higher selling and listing prices.
Simi Valley home prices truly are unbeatable - the area has a constant yet slow rise in both renting and buying costs. As for people who enjoy fix and flip projects, this is the perfect place to invest. People in Simi Valley are looking to buy freshly remodeled and modern homes, so unrenovated homes are relatively cheap. Speaking of investments, now is the perfect time to buy property in Simi Valley - modern and beautiful homes nestled in a safe area with a stable housing market are attracting many new buyers who are looking for a future investment every year. Simply put, Simi Valley properties are a highly coveted investment.
Whether you are looking to buy or rent a property, it’s good to know what 2020 has in store for housing market trends. Let’s take a closer look at different home types and what you can expect in 2020 with each one:
The sale to list price ratio is 100%, continues to maintain a seller’s market status, and the median home listing price is $619.5k. Home prices range from $90k-$5.1mil.
Sizes range from 800-2000 square feet, they are expected to see the same growth that housing properties are seeing, and the average condo for sale in Simi Valley sits at roughly $465k.
By the end of 2020, rental properties in Simi Valley may reach up to $3,120 per month. Call Casey Gordon today at (805) 750-9804 to learn more about the housing market trends of the style of home you are looking at. Whether you want to rent or purchase property, we are here to help you get going and make yourself comfortable in Simi Valley.
The median home value in Simi Valley is roughly $599,876. Over the past year, Simi Valley home values have gone up about 2.5% over the past year, and Zillow predicts that they may fall -2.3% within the next year. Per square foot, the median list price in Simi Valley is $334, which is much lower than the Oxnard-Thousand Oaks-Ventura Metro rough average of $367. Simi Valley’s median home price sits at about $612,990, and the median sold home price is $601,100. As for rentals, the median price in Simi Valley is $2,700, again, lower than the Oxnard-Thousand Oaks-Ventura rent price, which is $2,950.
Foreclosures will impact home values in the next several years. In Simi Valley, 0.5 homes are foreclosed (for every 10,000). This is greater than the Oxnard-Thousand Oaks-Ventura Metro value, which is 0.2, and the national value is 1.2.
The first step of the foreclosure process is mortgage delinquency - when a homeowner fails to make a mortgage payment on time. The percentage of delinquent mortgages in Simi Valley is 0.6%, which is much lower than the national delinquencies of 1.1%. Many homeowners have found themselves underwater with their mortgages, meaning that they owe more than what their home is worth. The percentage of underwater homeowners in Simi Valley is 4.2%.
The Best Neighborhoods In Simi Valley For Real Estate Investment
- Neighborhood Median Sales Price
- Agoura Hills$834K
- Bell Canyon$1.84M
- Calabasas$1.27M
- NeighborhoodMedian Sales Price
- Fillmore$434K
- Hidden Hills$3.29M
- Moorpark$652K
- NeighborhoodMedian Sales Price
- Oak Park$781K
- Thousand Oaks$712K
- Westlake Village$979K
It comes to no surprise that there are plenty of realtors in this area, and you are probably searching for the best match that you can find a great list of homes as well as realtors in Ventura County - all highly respectable and professional people that will welcome you to the city and make you feel comfortable and at home. Serving you the best options available, call today 805-750-9804 to learn more about what you’re looking for and when you’re ready to move in!