The new MB Market Update spreadsheets are up online for your viewing and use by clicking here, or at any time by using the pull-down menu on the front page under "MB Market Updates."
February did see a flood of new inventory, as is customary, but buyers were there to meet many of the new comers.
Here at MBC we…
The new MB Market Update spreadsheets are up
online for your viewing and use by clicking here, or at any time by using the pull-down menu on the front page under "MB Market Updates."
February did see a flood of new inventory, as is customary, but buyers were there to meet many of the new comers.
Here at MBC we tracked
38 new listings of SFRs west of Sepulveda for the month, with 21 in the first half and 17 in the latter half of this short month.
Meanwhile, we saw
24 sales (new escrows) that stuck, and just one short-lived escrow that flopped.
Wiping a few more listings off our records that canceled, or did not belong in our database anymore, total inventory crept up by a modest 4 listings after this busy month – to
78 SFRs total before the March 1 listings began to hit.
Inventory by sub-region west of Hwy. 1 (for more see the
tracking page of the spreadsheets):
- Hill Section: 17
- Sand Section: 31
- Tree Section: 30
For regular readers, neither the rush of new listings, nor the fact that lots of sales have been happening in Feburary is going to qualify as news. We've covered the activity here in some detail each week.
However, there were some new sales even near press time. The easiest way to scan through all the new escrows is to see the
Hill Solds page,
Sand Solds page and
Tree Solds page.
We can't recall the last time MBC recorded 24 deals made in a single month (a short one at that!), so we'll research that and report back. You'd guess it's 2007 some time, but we'll see.
It's an impressive run that clearly says a lot about the market we have today – low rates, a sense that prices have fallen enough for lots of buyers, a rush of quality inventory.
It's a bullish kickoff here after the Super Bowl. Clearly a year to watch.
More soon on activity in each sub-region during recent weeks.
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 1:47pm 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.
