We like to use major markers like the close of quarters to take up questions of prices and sales pace.
We last did this in a major way at midyear in two somewhat detailed posts. (See "Sales Data for First Halves of '06-'12" and "More Median Price Data, 2006-2012.")
With 9 months (3 quarters) in the bag for 2012,…
We like to use major markers like the close of quarters to take up questions of prices and sales pace.
We last did this in a major way at midyear in two somewhat detailed posts. (See "
Sales Data for First Halves of '06-'12" and "
More Median Price Data, 2006-2012.")
With 9 months (3 quarters) in the bag for 2012, here's what the data tell us.
(Click either chart to enlarge.)Citywide, we are running at a median price of
$1,511,250 for SFRs in all areas. That's year-to-date, Jan. 1-Sept. 30, 2012.
This is the most modest uptick of 1% over the same period for 2011.
The median price is down, however, from 2010, by about 5%.
Sales volume was comparable for each of the past 3 years, 2010-2012, though 2012 marks a modest high for the past 4 years at
264 closed transactions. (These data come only from the MLS, publicly offered and reported properties.)
Let's look west of the highway.
Here, you have a somewhat higher median price than for the city as a whole at
$1,639,000. That's typical.
That YTD figure is up 4% from the same period for 2011, so that's a nice little uptick. (Though it's
not 33.4%.)
But – just like citywide – the median price for SFRs west of Sepulveda is down 5% from 2010.
And again, that's on comparable annual sales volume for the period 2010-2012, with a slight peak this year at
189 sales.
Obviously these trends don't portray a gangbusters market. It remains surprising to see 2012 prices coming in below 2010, but the numbers are what they are.
Maybe we get overly excited by quick sales and bidding wars, and the truth is somewhat milder.
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 29th, 2023 at 3:15am 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.
