6/1 - Inventory bumped up for the week and month.
5/25 - Lot of sales lately, both new and old listings. Inventory is about the same as 5/4, and down from last week.
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
4/21/06 33,054 35
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
4/ 6/07 42,857 41 23 49 107 18 8 73 103 52 52 50
5/ 4/07 45,918 46 28 54 92 19 6 82 79 68 37 52
5/11/07 47,074 45 8 54 96 22 10 86 76 73 17 49
5/18/07 48 16 56 90 24 13 86 71 70 22 56
5/25/07 48,677 46 20 56 84 18 14 85 87 66 31 57
6/ 1/07 52,198 50 25 61 78 17 14 87 78 77 39 53
6/ 8/07
All Westside (updated 1st Fri. of mo.)
2/9 3/1 4/6 5/4 6/1
Bel Air-Holmby Hls. 86 86 92 100 103
Beverly Center-M.M. 64 57 48 53 54
Beverly Hills 67 70 56 46 53
B.H. Post Office 94 91 92 88 93
Beverlywood Vic. 35 36 31 39 38
Brentwood 67 71 73 75 72
Cheviot Hills-R.Pk. 22 20 19 22 23
Culver City 35 25 20 28 33
Malibu 178 181 192 199 206
Malibu Beach 42 44 51 52 56
Marina Del Rey 20 20 20 27 29
Pacific Palisades 64 68 73 82 87
Palms-Mar Vista 62 53 52 68 77
Playa Del Rey 7 8 17 20 21
Playa Vista 3 2 3 1 3
Santa Monica 50 50 49 53 61
Sunset Stp.-Hwd.H. 155 178 159 166 180
Topanga 39 41 36 43 45
Venice 64 64 57 68 70
West Hollywood Vic. 23 32 25 36 42
West L.A. 19 21 25 24 25
Westchester 53 46 47 45 53
Westwood-Cent.City 33 44 37 42 33
____ ____ ____ ____ ____
Total 1282 1308 1274 1377 1457
Month-month incr. 2% -3% 8% 6%
Notes
LA County inventory via OC Renter. 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. "New" is for previous month, or month-to-date for current partial month.
4 comments:
I think we are at the point of true doom where owners can no longer play the realtor hop every 90 days...It is now the Sale it, or Lose it game.
Last weekend, there was a FSBO sign posted at the southwest corner of 26th and Alta in Santa Monica (in front of 2520 Alta) with an email address of northofmontana@gmail.com. This is the automated response that I received:
We will be selling our house in the next few months, sometime after
the end of the Franklin school year.
We have two current appraisals, less than 90 days old, both showing a
value of $3million, as is.
We do not want to do any maintenance, painting or upgrading just to
have you do it over again to your own tastes.
We do not need to involve a realtor, and would expect a real estate
attorney to handle our end of the deal. Should you choose to involve a
realtor, you will bear any costs associated with that decision.
We would be less than likely to sell to a developer or realtor, and
would not be happy about dealing with someone who is too greedy or
pushy. There are very few houses listed in our neighborhood, and ours
is unique.
We would rather sell our house to a family that can appreciate it, our
neighborhood and our school.
This has been our home since we bought it a long time ago and it has
never been listed.
We would expect to have private showings sometime next month. In order
to qualify for a showing you will have to at some point provide proof
of financial viability to our accountant, banker, or attorney.
If you are truly a qualified buyer and are interested in going further
into this process, please feel free to respond via a follow up e-mail.
We will be replying as time allows but we are, like so many of us,
very busy.
Thank You.
Why do people recycle comments on this blog? Their point is?
Anon, it's that I'm recycling the "Weekly inventory update" posting and the old comments come with it. I'm going to replace it monthly, dropping previous weekly detail.
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