These days comments about the lack of inventory or properties available for sale have become quite common in the Marbella and Benahavis real estate ambiences but in practice there is no official information to really see how the number of properties for sale in the market is varying. Over the years we have made an estimated inventory tracking which, although not exact and taking into account that the same methodology is always applied, allows us to analyze variations or trends in the number of properties for sale.
GRÁFICO 2 - NÚMERO DE VIVIENDAS VENDIDAS EN BEHAHAVÍS 2º TRIMESTRE 2021
Taking this into account, the information in the graph for Marbella is generated where it can be seen that the inventory has decreased, in general, by 3% in the last quarter and by a not inconsiderable 21% in the last year. The biggest variation was in apartments with 28% and even in apartments under 250,000 € where it fell by 38% in the last year.
Looking at Benahavís, the same trend is observed, although lower, 1.4% in the quarter and 17% in the last year, due to the fact that the number of villas for sale has decreased much less than the apartments, almost 30% less apartments for sale in the last year and 6.7% less villas for sale in the last year, so that the number of villas for sale in Benahavís is higher than the number of apartments, the difference having increased during the last year.
Finally, on the graph of the absorption ratio or number of months it takes to sell the entire inventory, it is clear that in just a year and a half it has gone from a buyer's market to a seller's market, with less stock of homes for sale and more sales transactions.