We're a bit behind in publishing the MB Market Update (hoping for Tues.) for the 2-week period ending Oct. 31.
So we'll share a headline now: there were 2
(two) SFR sales posted on the MLS in those 2 weeks, in our subject region west of Sepulveda.
And 2 escrows failed in that period, with those homes returning to the market.
We'd say that's almost a wash, but we also had 3 new listings go on offer.
Things are probably a little better than it appears. In the Trees, we're told that 2310 Palm
new construction featured in "The 1-Year Club in the Trees
," is in escrow. (It didn't get posted by Oct. 31.) And, as always, there are off-MLS sales happening, particularly in the big-dollar range.
Let's look at SFR sales activity (new escrows) from the recent updates, broken down by 2-week periods (click dates for the full updates for each period):
Aug. 1-15: 5
Aug. 16-31: 6
Sept. 1-15: 7
Sept. 16-30: 0
Oct. 1-15: 10
Oct. 16-31: 2
All of these months are slower than Spring and Summer. As MBC posted in September
, the average number of new escrows for SFRs per month averaged about 20 before the credit crunch in August.
Right now: 11, 7 and 12 for the 3 months since the crunch.