Active SFR Inventory
3/24: Adding OC Renter's Los Angeles County month-end inventory stats for comparison, and moving my 2/07 weekly detail to History. Both LA County and Santa Monica inventory peaked last October.
And adding New listings for previous month. March is MTD. Notice how many new listings in Mar Vista.
3/17: Drop in SM. Churn in MV.
2/23: Most striking is the continuing stalemate, shown by rising DOM. Well-priced new listings and a few older listings sell, and rest just sit and sit.
LA County Santa Monica Pacific Palisades Mar Vista
<$3M New Tot DOM<$2M New Tot DOM Tot New DOM
_________ _______________ _______________ ___________
1/30/06 27,732
2/28/06 29,420
3/31/06 31,819
5/ 1/06 34,032 38 33
6/ 2/06 37,847 56 36 38
6/30/06 42,317 66 39 49
8/ 4/06 45,315 70 35 50
9/ 1/06 46,781 71 27 59
10/ 6/06 47,369 83 25 98 71
11/ 3/06 45,780 80 20 91 77
12/ 1/06 43,103 65 18 72 96 39 20
1/ 5/07 35,646 54 4 60 117 33 6 71 66
2/ 2/07 36,715 38 15 45 124 29 16 61 71
3/ 2/07 41,251 42 14 51 114 26 10 68 79 53 25 76
3/10/07 42,031 45 53 110 22 70 86 53 72
3/17/07 40 45 113 23 69 86 51 71
3/23/07 43,761 37 16 44 112 22 6 73 93 56 38 46
3/30/07 50,730 42 23 51 104 17 8 71 94 60 50 40
4/ 6/07
All Westside (updated 1st Fri. of mo.)
2/9 3/1
Bel Air-Holmby Hls. 86 86
Beverly Center-M.M. 64 57
Beverly Hills 67 70
B.H. Post Office 94 91
Beverlywood Vic. 35 36
Brentwood 67 71
Cheviot Hills-R.Pk. 22 20
Culver City 35 25
Malibu 178 181
Malibu Beach 42 44
Marina Del Rey 20 20
Pacific Palisades 64 68
Palms-Mar Vista 62 53
Playa Del Rey 7 8
Playa Vista 3 2
Santa Monica 50 50
Sunset Stp.-Hwd.H. 155 178
Topanga 39 41
Venice 64 64
West Hollywood 23 32
West L.A. 19 21
Westchester 53 46
Westwood-Cent.City 33 44
____ ____
Total 1282 1308
Notes
Santa Monica Days on Market (DOM) is for <$3M, and omits Santa Monica Canyon (in City of Los Angeles but S.M. Post Office). Pacific Palisades DOM is for <$2M and count omits mobile homes.
3 comments:
FYI: I have found another new blog devoted to the west side at:
http://westsideremeltdown.blogspot.com/
Thanks for all your work.
Thanks for the inventory update. Just from looking at the paper on Saturday you can tell Mar Vista inventory is rising fast. I think it's going to be one of the areas to show signs of distress the soonest. Almost all the houses for sale are flippers.
Turnover in Mar Vista is striking. Its inventory level is similar to Santa Monica, but it has many more new listings and listings gone in a week.
How are you identifying flipper listings? (I'm newer to Mar Vista listings. For a new Santa Monica listing I have my own history to check, so my DOM is from original listing date.)
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