SFR inventory west of Sepulveda as of July 31 stood 26% higher than last year at 141, according to MBC's independent market tracking. (Click graph to enlarge.)
Inventory has receded from the somewhat alarming peaks reached early this year (155, twice), in part due to sales but also due, in greater part, to…
SFR inventory west of Sepulveda as of July 31 stood
26% higher than last year at
141, according to MBC's independent market tracking.
(Click graph to enlarge.)Inventory has receded from the somewhat alarming peaks reached early this year (
155, twice), in part due to sales but also due, in greater part, to cancellations – sellers quitting this difficult market rather than unloading into it. (More data on this aspect to come.)
The sales pace west of Sepulveda remains near, but below, last year's.
Perhaps the most relevant change west of Sepulveda has been the Sand Section's taking over as the sub-region with the highest SFR inventory. A trend in this direction becomes visible on our chart as of last Fall, and a tussle between the Sand and Trees continued early this year.
But now inventory is clearly higher in the beach-adjacent areas. Of course, with more townhomes, the Sand has often had the most inventory of homes for sale west of Hwy. 1, but for the area to claim this mantle with
SFRs alone is new for MBC's 2.5-year existence. The area has peaked twice at
63 this year, including as of July 31.
The region with the greatest inventory growth, on a percentage basis, remains the Hill Section. We still recall the days of 6-8 SFRs for sale, not so long ago. From a high of
39 in May this year, the Hills are back down to
30 offerings. That's not too far above the
24 at the end of July 2008.
The Tree Section is holding steady, with
48 offerings as of July 31 in both 2008 and 2009. A little stability there, at least.
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 3:47am 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.
