The new MB Market Update spreadsheets are available for download by clicking here, or at any time using the link in the upper-right corner of the front page.
Information in this update covers the first half of July 2009, reflecting new listings, price cuts and sales activity for SFRs west of Sepulveda. Data closed…
The new MB Market Update spreadsheets are available for
download by clicking here, or at any time using the link in the upper-right corner of the front page.
Information in this update covers the first half of July 2009, reflecting new listings, price cuts and sales activity for SFRs west of Sepulveda. Data closed July 15.
We'll start out with a slightly technical note that may be of broader interest.
(It might not be, hence the cute-kid pic.) We've made a change to the Tree Section spreadsheets such that one page covers listings priced
up to $1.5m, and the second page covers
$1.5m and above.
For MBC's first 2+ years, the dividing line for the Trees was
$2m. However, most listings now are in the sub-$2m range, and there has been comparably little activity in the Trees' higher end.
On a related note, all Tree Section sales now go on a single sales page, like we've done with the Sand Section for some time.
The change in the Trees shortens the update by one page. But Hill Section inventory is close to forcing creation of a third page there, as well. Maybe we can stave it off.
Speaking of inventory, our count as of July 15 was
142 SFRs, breaking down this way:
Hill Section: 34
Sand Section: 61
Tree Section: 47
The other day, MLS data for SFRs citywide were showing inventory pretty level, year over year, from 2008-2009.
But that's not the case for SFRs west of Hwy. 1. In mid-July 2008, MBC recorded
108 SFRs on public offer in our subject region. By the end of July, that figure had crept up to
116.
With 34 more listings in our area year over year, we can only conclude that there is some significant shifting of MB's citywide inventory mix toward the region west of Sepulveda.
Consider these comparative inventory figures comparing our July 15 updates, 2008-2009:
Hill Section – 2008: 24 , 2009: 34 (+10)
Sand Section – 2008: 36, 2009: 61 (+25)
Tree Section – 2008: 48, 2009: 47 (-1)
Yep, blame the prestige areas – especially the beach.
Please see our blog disclaimer.
Listings presented above are supplied via the MLS and are brokered by a variety of agents and firms, not Dave Fratello or Edge Real Estate Agency, unless so stated with the listing. Images and links to properties above lead to a full MLS display of information, including home details, lot size, all photos, and listing broker and agent information and contact information.
Based on information from California Regional Multiple Listing Service, Inc. as of March 19th, 2024 at 5:31am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.