MB Market Update for 4/30/10, Overview

Posted by Dave Fratello on Friday, May 7th, 2010 at 12:30am.

The new MB Market Update spreadsheets are up online for your viewing and use by clicking here, or at any time by using the pull-down menu on the front page under "MB Market Updates."

The spreadsheets and writeup here cover the 2-week period from April 16-April 30. 

With 10 new escrows west of Sepulveda for the second half of the month, and a (corrected) total of 9 for the first half, April would up with 19 sales (new escrows), compared to 24 in March. So, a bit slower than March.

For those of you with a historical sense, this year almost exactly matched 2009. The second half last year also saw 10 new escrows, and 17 total for April, just 2 shy of this year. That's not a huge improvement in this overall "hotter" year.

Inventory hit the market in April at precisely the same pace as last month, with 13 new listings in the second part of April giving us 27 for the month, again.

With 3 cancellations this period, total inventory rose by just 3 listings over the end of March at 84 SFRs at the end of April.

Inventory by sub-region west of Hwy. 1 (for more see the tracking page of the spreadsheets) broke out this way:
Some brief section-by-section updates will follow.
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