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Simi Valley Homes For Sale - Finding Simi Valley Homes for Sale

city housing price average

Simi Valley is the third-largest city in Ventura County, California. The city has a population of 126,319 and occupies an area of 42 square miles adjacent to the San Fernando Valley. Downtown Los Angeles is 37 miles to the southeast. The land that is now Simi Valley was inhabited for 12,000 years before it was acquired by the Spanish and eventually sold to the Philadelphia and California Petroleum company in 1858. When no oil was found, the land was sold for farming, and the town of Santa Susana del Rancho Simi was formed. The city was not officially incorporated as Simi Valley until 1969. Today, the city is best-known as an upscale community and home to the Ronald Reagan Presidential Library.

Simi Valley consists of 36,421 households living in 37,272 housing units. There are 600 to 700 Simi Valley homes for sale at any given moment. The median price of homes for sale ranges from $390,000 to $450,000, although prices have been steadily rising since recovering from the housing glut in early 2010. Even though the Simi Valley housing market is recovering, the number of foreclosures stays above 900 homes. It is also worth noting that the average listing price of Simi Valley homes for sale is double the average final sale price, which averages $238 per square foot. The average household income in the city is $88,406. Neighborhoods in the city include traditional residential streets and planned communities.

The residents of Simi Valley are mostly well-to-do, and they take care of the quality of life in their city. The city contains over one dozen large parks that create a beautiful landscape and provide tennis courts, swimming pools, bike trails, picnic areas, ponds, and playgrounds. In addition, the city has three golf courses and a large system of equestrian trails.

Transportation needs of Simi Valley are primarily met by the Ronald Reagan Freeway, running east-west on the edge of the city. Amtrak and Metrolink rail systems connect the city to downtown Los Angeles. The primary industries are in machinery, tools, and raw materials fabrication, including lumber, plastics, and metals. Public education is provided by the Simi Valley Unified School District.

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