Here we are, closing out November, just a month till year end.
We took a look at sales volume year to date, and whaddaya know?
2012 has lurched ahead of 2011 with a month to go.
For SFRs in all of MB, we see
318 sales through Nov. 29.
That's a nice margin (+6%) over
301 for the same period in 2011.
For SFRs west of…
Here we are, closing out November, just a month till year end.
We took a look at sales volume year to date, and whaddaya know?
2012 has lurched ahead of 2011 with a month to go.
For SFRs in all of MB, we see
318 sales through Nov. 29.
That's a nice margin (+6%) over
301 for the same period in 2011.
For SFRs west of Sepulveda only, it's
223 SFR sales this year,
215 last year (+4% this year).
In each case, we're looking at MLS-reported sales. Yes, there's lots of off-market activity, but a good chunk of those sales do get reported on the MLS after the fact. (Like the
off-market walkstreet sale Dave arranged.)
So if December sees a number of closed sales on pace with December 2011, we'll have a better year here than last. We see 20 closed sales (SFRs) in December last year citywide, and 11 west of the highway – figures we'd strongly expect to see exceeded this year, given the boost of motivation to sellers provided by (expected) higher capital gains taxes next year.
We'll skip median prices for now. An 11-month data set isn't going to be so much better than the one we can give you in about 5 weeks for the whole of 2012.
Remember that at the end of Q3, we saw a modest uptick of 1% in the year-over-year median price and a sales pace that was only roughly equal to 2011's. (See "
End of Q3 Sales & Medians.")
Looks like this year's got momentum. Let's see how it finishes.
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 July 20th, 2024 at 2:20am 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.