The new MB Market Update spreadsheets are available by clicking here, or at any time by using the link in the upper-right corner of the front page, under MB Market Info & Updates.
The current update covers activity in the first half of August.
We had 112 active SFRs in our subject region west of Sepulveda as of Aug.…
The new MB Market Update spreadsheets are
available by clicking here, or at any time by using the link in the upper-right corner of the front page, under
MB Market Info & Updates.
The current update covers activity in the first half of August.
We had
112 active SFRs in our subject region west of Sepulveda as of Aug. 15,
down 4 from the end of July. This ends a recent Summertime run of record highs in inventory reported by MBC (records, that is, in the year-plus that we've published our public market tracking). A significant reason – sellers are pulling out rather than adjust their prices (see "
Recent Dropouts").
We saw the same number of cancellations (
7) as we saw sales
(new escrows) in this period. The full tally – 14 listings came out of inventory,
9 new listings hit the market, and one pending listing returned to the active market.
There were
24 active SFRs in the Hill Section,
38 in the Sand, and
50 in the Trees. Nowadays, Tree Section inventory below $2m is pretty high for what we've seen the past year or so, at 32.
Among the new listings, some highlights include:
- 423 19th (4br/4ba, 3900 sq. ft.), starting at $2.790m;
- 332 10th (4br/5ba, 4100 sq. ft.), a beauty on a walkstreet near downtown, at $3.999m;
- 232 16th (5br/5ba, 5000 sq. ft.), formerly known as 234 16th St. (see "Enduring Mystery"), offered last year at $4.5m, now up at $4.295m;
- 2829 Valley (5br/4ba, 3425 sq. ft.), another new home (not quite finished) starting below $2m ($1.989m).
We'll discuss which homes sold this round, and closed sale prices, in an upcoming story.
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 26th, 2023 at 5:15am 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.