Category: consumers news

“Dominant Seller’s Market”; Conejo, Simi and Moorpark real estate market closes out 2023 with higher prices, strong demand, quick sales

The Conejo, Simi and Moorpark area real estate market closed out 2023 with higher prices, quick sales and a tight inventory. “Our market finished 2023 in a dominant seller’s market,” said Brooke Grayson, 2024 Board President of the Conejo Simi Moorpark Association of REALTORS® (CSMAR). “Strong demand and tight inventory once again pushed prices higher in December. 2023 was a great year to be a seller, and we’re excited to see what’s in store for 2024. Median sales prices increased…

Seller’s Market Continues

Conejo, Simi and Moorpark real estate market sees quick home sales, tight inventory, slight uptick in prices The residential real estate market in the Conejo, Simi and Moorpark areas told a familiar story in November, with tight inventory, a slight uptick in prices, homes selling quickly and sellers receiving nearly all of their asking price. “November’s numbers indicate that demand for homes remains strong in our area,” said Tim McDougall, 2023 Board President of the Conejo Simi Moorpark Association of…

Strong demand, quick sales in the Conejo, Simi and Moorpark area

Demand in the Conejo, Simi, and Moorpark area real estate market remained high in October, with homes spending significantly less time on the market compared to last year. October also saw a bump in new listings. “We continue to see strong demand for homes in our market,” said Tim McDougall, 2023 Board President for the Conejo Simi Moorpark Association of REALTORS® (CSMAR). “While fewer homes were sold in October compared to last year, more new homes hit the market this…

REALTOR® Safety Pledge

We took the Pledge. As a REALTOR ® association, we pledge to promote REALTOR ® Safety in communications, media, governance, and actions(s). We strive to ensure the safety of our members and the public. Learn more about the REALTOR ® Safety Program here.…

Demand for homes remains strong in the Conejo, Simi and Moorpark area

The Conejo Valley, Simi Valley and Moorpark area real estate market continued to show signs of strong demand in September. Prices were up, inventory tightened, sellers received just over 100% of their asking price on average and homes spent less time on the market compared to September 2022. “Strong demand has been the theme of our reports all year, and September was no different.,” said Tim McDougall, 2023 Board President for the Conejo Simi Moorpark Association of REALTORS® (CSMAR). “While…

NAR Window To The Law

Window to the Law is a monthly video series that provides valuable risk management tips and information to help real estate professionals navigate legal issues facing the real estate industry. Check out the video series here. …

Conejo, Simi and Moorpark area real estate market remains hot in August

The Conejo Valley, Simi Valley and Moorpark area real estate market followed a familiar pattern in August, with strong demand and an increasingly tight inventory of homes leading to quick sales and prices ticking upward. “Our market’s August numbers offer a great case study in the laws of supply and demand,” said Tim McDougall, 2023 Board President for the Conejo Simi Moorpark Association of REALTORS® (CSMAR). “Homes sold quickly and at full asking price, both of which are indicators of…

Conejo, Simi and Moorpark area sees tighter real estate inventory during July

The Conejo Valley, Simi Valley and Moorpark area real estate market remained well within seller’s market territory in July, with lower inventory than last year and homes selling for more than asking price on average. “Our market showed no signs of slowing down during July, which is no surprise given that summer is typically the busiest time of year for real estate,” said Tim McDougall, 2023 Board President for the Conejo Simi Moorpark Association of REALTORS® (CSMAR). “The low supply…

Real estate market sees more of the same

Conejo, Simi and Moorpark areas remain in seller’s market June saw more of the same in the Conejo Valley, Simi Valley and Moorpark areas, with quick sales and homes selling above list price thanks to strong demand and a tight inventory of available homes. “Thanks to continued strong demand for homes in our market, these reports are starting to sound like a broken record,” said Tim McDougall, 2023 Board President for the Conejo Simi Moorpark Association of REALTORS® (CSMAR). “In…

SFH Median sales prices top $1 million for the first time since last summer in the Conejo, Simi and Moorpark area real estate market

Single family homes sold quickly and above asking price during May in the Conejo Valley, Simi Valley and Moorpark areas, an indication that demand for homes remains strong. Median sales prices topped $1 million for the first time since August 2022, and sellers received more than asking price on average for the first time this year in May. “It might sound like a broken record, but our market continues to demonstrate strength and stability,” said Tim McDougall, 2023 Board President…