MB Market Update for 10/15/09

Posted by Dave Fratello on Monday, October 19th, 2009 at 6:43pm.

The newest MB Market Update spreadsheets are live online. Data in these pages cover the first 2 weeks of October.

Click here to view or, at any time, use the pulldown menu at the top of the home page under "MB Market Updates."

Using our online spreadsheets, click the "tab" at the top to switch to any page. Click any property address to go directly to the active listing via Redfin.

Overall, inventory rose by 7 during the first part of October to a total of 101 SFRs west of Sepulveda. Inventory by sub-region west of Hwy. 1:
Hills: 25
Sand: 37
Trees: 39
This modest increase in inventory came as 12 new listings hit the market (nearly one per day) but only 3 active listings were posted as going into escrow from Oct. 1-15.

There were also 6 cancellations and 4 listings that returned to the market, some after very brief time off, and some – like the short sale at 2812 Elm and the walkstreet home at 429 7th – returning after a failed escrow.

More on the comings, goings, price cuts and closings soon.

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UPDATE: The first version of this story counted 4 new escrows, but 660 33rd returned to market after a brief period in escrow. The data above (and on the online spreadsheets) were updated.
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