The new MB Market Update spreadsheets are available by clicking here, or at any time by using the link in the upper-right corner of the front page, under MB Market Info & Updates.
The current update covers activity in the second half of August.
A self-indulgent moment first – computer/file problems all but destroyed…
The new MB Market Update spreadsheets are
available by clicking here, or at any time by using the link in the upper-right corner of the front page, under
MB Market Info & Updates.
The current update covers activity in the second half of August.
A self-indulgent moment first – computer/file problems all but destroyed MBC's data shortly before publication. We blame Microsoft. Data were reconstructed, in part, thanks to free online software. We are grateful to the collective efforts behind
OpenOffice.org and
NeoOffice.org. Give them a spin.
Back to the meat.
We had
106 active SFRs in our subject region west of Sepulveda as of Aug. 31,
down 11 from the end of July. A significant reason – sellers are pulling out rather than adjust their prices (see "
Recent Dropouts").
We saw more cancellations in August (
16) than sales
(new escrows), which totaled 14 for the month. Indeed, cancellations came in at almost 3 times the 2007 rate this Summer. (More on that in a brief story to come.)
There is still plenty to choose from. There were actually slightly more new listings in the second part of August than in the first half (10 vs. 9), with 19 new listings overall for the month. That defies some of the conventional wisdom that late-Summer sellers hold back till after Labor Day.
Among the inventory current as of Aug. 31, there were
18 active SFRs in the Hill Section,
37 in the Sand, and
51 in the Trees.
More detail on all of this in the next few days...
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 18th, 2024 at 8:55pm 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.