The new MB Market Update spreadsheets are online for your viewing by clicking here, or at any time by using the pull-down menu at the top of the page under "MB Market Updates." The current update, dated 9/30/09, covers the final 2 weeks of last month.
Reminders: With the new online format, properties actively for…
The new MB Market Update spreadsheets are
online for your viewing by clicking here, or at any time by using the pull-down menu at the top of the page under "MB Market Updates." The current update, dated 9/30/09, covers the final 2 weeks of last month.
Reminders: With the new online format, properties actively for sale can be viewed instantly (via Redfin) by clicking the property address in the spreadsheet. Also, you can easily click between the different pages (by region and by active or sold) using the tabs at the top of the page.
September was a pretty balanced month, with
17 new listings and
19 sales (new escrows). (Stats for the month are
on the tracking page.)
Overall, with
8 cancellations, inventory dropped by
10 during the month to a total of
93 SFRs west of Sepulveda. Inventory by sub-region west of Hwy. 1:
Hills: 26
Sand: 31
Trees: 36
(Please note that a few listings "on hold" are maintained in this total for a bit before we drop them to "canceled" – often these do come back.)In the second half of September, both the Tree Section and the Sand had 5 sales (new escrows) each, most of which have been discussed in prior posts here at MBC. For instance, there was a rush on moderns in the Sand (see "
Sand Moderns Move," "
Beautiful Loser," and "
Downtown Beauty Goes") and lower-priced listings in the Trees (see "
No Sub-$1m Listings in Trees"). There were 2 sales, both great houses, in the Hills –
218 Anderson (see "
Lucky 7's") and
400 N. Poinsettia.
The Sand Section was the busiest for closings in the this period. As you'll see
on this page,
8 sales were made final, including a lot sale at
316 8th ($2.150m) and 2 new homes around 32nd in midtown/El Norte (
217 32nd Place, an REO at
$1.8m and
224 32nd, a total rebuild that once sought $4.999m that finally sold for
$2.825m, and that is really making a long story short).
The Trees and Sand each got new low-end listings: dated
452 36th Place in the Sand at $889k and little
626 Rosecrans (1br/1ba, 600 sq. ft., but very polished) at
$699k, below its March 2008 acquisition price of $772k. (Note that, in our spreadsheets, all
new listings are highlighted in green text in addition to the bullet to the left of the address.)
We'll try to hone in on a few more September developments in another post soon.
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 December 9th, 2023 at 4:15am PST. 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.
