We've been looking for a dataset big enough to adequately describe trends in 2012.
The conclusion of the first full half of the year June 30 gave us a lot to go on.
Surprisingly, we don't see the data telling the story we expected to hear.
We have run 4 separate cuts of the data, and 2 told us that MB median home…
We've been looking for a dataset big enough to adequately describe trends in 2012.
The conclusion of the first full half of the year June 30 gave us a lot to go on.
Surprisingly, we don't see the data telling the story we expected to hear.
We have run 4 separate cuts of the data, and 2 told us that MB median home prices are
down year-over-year. That was for SFRs in all of MB.
For SFRs
west of Sepulveda, it's a brighter picture. We're
up 3% year-over-year if we use a full 12-month set of sales, and
up 8% if we use a smaller 6-month set of sales.
We're going to post just the first chart from our data runs now. Presenting the full set of data in a comprehensible way is a might of a challenge. We'll get you that shortly.
For now, here's a look at just the first 6 months' worth of sales from 2006-2012, a 7-year span that includes the last of the boom years, our version of local bust, and the recovery that appears to be under way.
(Click chart to enlarge.)What you're seeing here is that sales totals are up a tiny bit over last year, whether we look at all of MB or West of Sepulveda only. (That's impressive given how tight inventory has been.) In fact, sales volume is more in line with 2006-07 than most of the down years.
Median prices, comparing just Jan. 1-June 30 for each year, are down year-over-year for all of MB, up notably (by $130k/+8%) for west of Sepulveda.
Current medians for the 6-month period ending June 30:
• All MB:
$1.531m• West of Sepulveda:
$1.740mAs promised, we'll dig deeper into all of this, and the somewhat confusing up/down trends, in a post very 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 6th, 2023 at 10:01am 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.
