MBC is all about data, and how could you not be intrigued by this post at Kaye Thomas' blog?
Kaye tried to gauge whether we had a good or bad May this year based on 8 years' worth of data. MBC has set her numbers to music – well, graphics:
This time period covers much of the recent up-cycle.
Ain't it interesting how…
MBC is all about data, and how could you not be intrigued by
this post at Kaye Thomas' blog?
Kaye tried to gauge whether we had a good or bad May this year based on 8 years' worth of data. MBC has set her numbers to music – well, graphics:
This time period covers much of the recent up-cycle.
Ain't it interesting how the "wow" period, with the greatest mix of optimism and trading-up and flipping, was 2002-03? Let's not draw too many conclusions from one month, though.
As for May 2007 –
that's no big slump we're looking at. What is an "average" May? Two answers: Based on the full eight-year data set here, it's one with 42 sales. If we take out the outlier year (2002) and the current year to gauge "normal" conditions, it's 40.
Given those averages, 33 is
a drop of 18-24% in sales, but beware small samples. At least we can say that's much better than the SoCal average –
DataQuick reported that sales slipped 34% last month (YoY) and hit the lowest levels in 12 years.
Not us!Keep in mind this is data for all SFRs in Manhattan Beach 90266. And we're looking at
closings in May, meaning we're really measuring buy/sell decisions made in March and April this year.
Of the 33 sales recorded in May,
MBC's Market Updates recorded details on 20 sales west of Sepulveda (our focus), or 61%.
Would it be great to have data from the pre-2000 period? Of course. That would include some sluggish times to use for comparison. We're working on it.
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 29th, 2023 at 3:30am 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.
