MB Market Update for 7/15/10, Overview

Posted by Dave Fratello on Monday, July 19th, 2010 at 5:59pm.

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 first part of July continued a trend seen in June, with new listings outpacing sales (new escrows), this time by a wider margin.

In our independent market tracking, MBC recorded 17 new listings and 6 sales (new escrows) among SFRs west of Sepulveda from July 1-15.

You see more sellers getting around to putting their homes on market, maybe having heard about all the action this Spring. Meanwhile, buyers are either taking a break or are literally on vacation.

Total inventory was up to 91 SFRs west of Sepulveda, up 8 from the end of June and up 12 from the end of May, and this was with 4 cancellations in early July.

The last time MB had SFR inventory west of Sepulveda in the low 90s was September 2009. (See "MB Market Update for 1/31/10, Inventory," with a graphic going back to August 2009.)

Inventory by sub-region west of Hwy. 1 (for more see the tracking page of the spreadsheets) broke out this way:
Inventory in the Sand Section has been building steadily as Summer has kicked into gear – and that excludes THs in MBC's count. (Yes, we'd like to add THs some day soon!) Sales have not come close to keeping pace by the beach, though.

More soon on activity in each part of town.
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