MB Market Update for 7/15/10, OverviewPosted on Monday, July 19th, 2010 at 5:59pm.
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:
- Hill Section: 16 (click for Hill Actives)
- Sand Section: 44 (click for Sand actives <$2m, or actives >$2m)
- Tree Section: 31 (click for Tree actives <$1.5m, or actives >$1.5m)
More soon on activity in each part of town.
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