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…
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.
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 23rd, 2024 at 8:15pm 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.