A reader's comment on last week's post, "Low Inventory in 2013, Graphed," suggested the idea for this post.
We've looked back exactly 5 years to see where inventory was then, versus where it is now.
We can do that thanks to the MBC Wayback Machine, also known as the blog archives. MBC's been running more than…
A reader's comment on last week's post, "Low Inventory in 2013, Graphed," suggested the idea for this post.
We've looked back exactly 5 years to see where inventory was then, versus where it is now.
We can do that thanks to the MBC Wayback Machine, also known as the blog archives. MBC's been running more than 6 and a half years online, so there's a lot to plow through.
So we look now to our post for the MB Market Update for 9/30/08, and what do we find? In part:
Inventory of SFRs west of Sepulveda tied the record for the 18-month span that MBC has been publishing public market tracking information at 116.
But there was a time just days before Sept. 30 when inventory was in the high 120s. That was before a raft of 12 cancellations, including 9 in the Tree Section – pretty high for any 2-week period.
Fast forward 5 years. In our MB Market Update for 9/30/13, total inventory was:
- 57 active listings as of 9/30/13
- 47 SFRs
- 10 THs
And to compare apples to apples, we need to look at SFRs west of Sepulveda only.
Out of the 57 listings, 16 were east of the highway. So we're at 41.
Knock out 5 listings that were not SFRs.
That means there were 36 SFRs west of Sepulveda as of 9/30/13, less than one-third of the inventory 5 years prior (116).
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 30th, 2023 at 10:02am 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.
