It's time to take a look at what January 2009 brought to local real estate.
One word: More.
Inventory among SFRs west of Sepulveda stood at 122 at the end of January, now the highest month-end total MBC has reported in almost 2 years of public market tracking. It's up from 105 at the start of the month.
This was…
It's time to take a look at what January 2009 brought to local real estate.
One word:
More.Inventory among SFRs west of Sepulveda stood at
122 at the end of January, now the highest month-end total MBC has reported in almost 2 years of public market tracking. It's up from
105 at the start of the month.
This was coming. All the indicators pointed toward it. (See our recent story, "
Where Inventory Grew in '08," and also "
Inventory Higher This Year," with a chart covering 11 months of 2008.)
Now the question is how much inventory might grow through the Spring.
MBC's got just one full year to point to right now – in 2008, inventory grew from
59 at the first of the year to
105 by the end of April, a steady climb of 81% over 4 months. If we match that pace in 2009, we'll be at
190 SFRs west of Hwy. 1 by the end of April. (Among the lesser impacts will be your blog author's fingertips getting very tired inputting data.)
There is more to be learned from our month-end spreadsheets, which are available now. Click here to download the
month-end report (1/31/09), and/or here for the
1/15/09 update. (Both updates can also be accessed any time by using the link on the upper-right corner of the MBC front page.)
We see a modest increase in inventory since the closing date of this last report, though nothing dramatic. More on that and more detail by sections shortly.
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 23rd, 2023 at 2:01pm 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.
