You might call it a moment of increasing consumer choice.
Or you might call it a time of increasing price pressure as supply climbs and climbs.
Whatever you call it, SFR inventory at the end of April – 107 SFRs west of Sepulveda – was the highest MBC has recorded in a year-plus of public market tracking.
Yes, yes, we…
You might call it a moment of increasing
consumer choice.Or you might call it a time of increasing
price pressure as supply climbs and climbs.
Whatever you call it, SFR inventory at the end of April –
107 SFRs west of Sepulveda – was the
highest MBC has recorded in a year-plus of public market tracking.
Yes, yes, we said the
same thing when we hit 97 at the end of March. So sue us for starting to sound the same.
Partly to blame: 31 new listings in the month of April, down very slightly from
34 in March, and steady with the February rate. (For a yearlong view, see the graph in
this story.)
Also, this caveat – the 107 figure includes one listing technically "on hold" –
757 30th, new construction that seems still to be very much for sale, and one new listing at
918 10th in the Hill Section that has a sign, a
website with cheesy music and an ad in the
Beach Reporter, but wasn't yet on the MLS as of April 30. We considered both to be for sale.
We saw
14 sales (new escrows) in April, and several cancellations.
Let's not miss this striking year-over-year comparison – in April 2007, we counted
66 SFRs west of Sepulveda on public offer. This year, 107.
That's +43, fully
65% higher than at this time last year.
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 26th, 2023 at 5:30am 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.
