We're sure homes will sell. But the mortgage market mess has clearly disrupted the local real estate market.
It has been 2-3 weeks since a new deal was made, depending on which part of MB you're looking in. (Remember we track only SFRs west of Sepulveda.) Here are the number of days since a new escrow last posted:
…
We're sure homes will sell. But the mortgage market mess has clearly disrupted the local real estate market.
It has been 2-3 weeks since a new deal was made, depending on which part of MB you're looking in. (Remember we track only SFRs west of Sepulveda.) Here are the number of days since a new escrow last posted:
Hill Section: 21 days
Sand Section: 16 days
Trees <$2m: 12 days
Trees >$2m: 20 days
As we continue tracking, going forward, here are our starting points. MBC's records show:
Hill Section: Last escrow began July 30, for 877 8th ($3.7m).
Sand Section: Last escrow began Aug. 4, on 469 27th ($1.6m).
Trees <$2m: Last escrow began Aug. 8, on 3108 Poinsettia ($1.65m).
Trees >$2m: Last escrow began July 31, on 2104 Palm ($3.3m).
Corrections/additions/news are all welcome.
UPDATE 1: The first version of this story had a small math error, now fixed above.
UPDATE 2: A Hill Section home that we simply never saw on the MLS (
1008 11th; new contrux at $2.9m) went into escrow Saturday. So there was a sale, but not from the homes MBC is tracking from the MLS. For now we're going to leave that 21 day figure above.
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 November 30th, 2023 at 4:31pm 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.