The Market is Strong in 2008 and Every Market is Different


Remember that all real estate is local and that all markets are different. There are more opportunities out there for a buyer if you’re willing to look.

2007 was the fifth best year on record for existing homes sales, despite public apprehension about the real estate market. In fact, 2007 was very similar to the home sales and price gains experienced in 2002, when consumers were very confident about the market.

Simi Valley & Moorpark Real Estate Stats – October ’08

Detached Properties

Simi Valley & Moorpark 2007 2008
Total # of Listings 881 442
Average DOM* 84 80
Number of Short Sale/REO Listings 186
% of Short Sale/REO Listings 42.1%
Total Actual Unit Sales 58 116
Number of Short Sale/REO Sales 8 73
% of Short Sale/REO Sales 13.8% 62.9%
Average Months of Inventory 15.2 3.8
Average List Price $698,369 $514,711
Average Sales Price $669,259 $501,658
SP/LP Percentage 95.8% 97.5%
% of Listings Selling 6.6% 26.2%

Attached Properties

Simi Valley & Moorpark 2007 2008
Total # of Listings 209 129
Average DOM* 81 80
Number of Short Sale/REO Listings 54
% of Short Sale/REO Listings 41.9%
Total Actual Unit Sales 15 25
Number of Short Sale/REO Sales 0 15
% of Short Sale/REO Sales 0.0% 60.0%
Average Months of Inventory 13.9 5.2
Average List Price $373,589 $304,844
Average Sales Price $360,840 $297,616
SP/LP Percentage 96.6% 97.6%
% of Listings Selling 7.2% 19.4%

Based on info from the VCRDS MLS for the month of Oct 2007/2008. Short sale/REO listings unavailable in 2007. Display of
MLS data deemed reliable but not guaranteed accurate by the MLS. * Avg. DOM are based on sales for the month of Oct
2007/2008.

Conejo Valley Real Estate Stats – October ’08

Detached Properties

Conejo Valley 2007 2008
Total # of Listings 886 645
Average DOM* 77 89
Number of Short Sale/REO Listings 129
% of Short Sale/REO Listings 20.0%
Total Actual Unit Sales 67 106
Number of Short Sale/REO Sales 7 34
% of Short Sale/REO Sales 10.4% 32.1%
Average Months of Inventory 13.2 6.1
Average List Price $912,651 $797,392
Average Sales Price $865,375 $755,870
SP/LP Percentage 94.8% 94.8%
% of Listings Selling 7.6% 16.4%

Attached Properties

Conejo Valley 2007 2008
Total # of Listings 335 220
Average DOM* 77 77
Number of Short Sale/REO Listings 61
% of Short Sale/REO Listings 27.7%
Total Actual Unit Sales 32 42
Number of Short Sale/REO Sales 0 19
% of Short Sale/REO Sales 0.0% 45.2%
Average Months of Inventory 10.5 5.2
Average List Price $509,305 $364,549
Average Sales Price $488,602 $347,606
SP/LP Percentage 95.9% 95.4%
% of Listings Selling 9.6% 19.1%

Based on info from the VCRDS MLS for the month of Oct 2007/2008. Short sale/REO listings unavailable in 2007. Display
of MLS data deemed reliable but not guaranteed accurate by the MLS. * Avg. DOM are based on sales for the month of
Oct 2007/2008.