Friday, September 21, 2007

Weekly inventory update

9/21 - Santa Monica and Mar Vista are down, Palisades is up. Highlights:

2937 Delaware and 420 7th, SM appear to be in escrow.
813 Pier, SM appears relisted with a $50K reduction to $729K.
718 Marine, SM reduced $20K to $799K.
1621 Ashland, SM (architectural) reduced $40K to $1,610K.
716 Marine, SM after 2 months reduced $10K to $1,629K.
704 15th, SM reduced $305K to $1,990K!
3660 Corinth, MV (could not perform) reduced $20K to $678K
3778 Colonial, MV reduced another $15K to $770K.
3512 Greenwood, MV appears finally in escrow at LP=$849K.
12566 Woodbine, MV (flipper in a hurry) was relisted, LP=$1,199K.

9/14 - Westside inventory is up again this week in all three areas, especially Pacific Palisades <$2M up 5, including 2 back on the market.

9/7 - Westside inventory is up for the week in all three areas.

(I'm starting a new format of these, with new short weekly posts rather than updating the long one each week. See notes and the last monthly update.)

       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 40 49

8/ 4/06 45,315 70 34 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

6/ 1/07 52,198 50 25 61 78 17 15 87 78 77 39 53

6/30/07 52,769 42 18 56 81 17 11 92 77 74 33 61

8/ 3/07 54,166 53 28 68 86 23 12 78 76 84 39 68

8/31/07 57,432 57 21 72 98 18 7 69 75 90 40 79

9/ 7/07 62 9 76 90 20 2 74 88 91 3 85

9/14/07 57,734 63 11 77 96 25 5 89 83 93 10 81

9/21/07 58,769 59 14 73 94 28 8 96 82 86 14 81

9/28/07

7 comments:

Mr.Mortgage said...

Greenspan nailed in interview with John Stewart.
http://thegreatloanblog.blogspot.com

Westside. Your work is excellent. How is traffic?
Mr Mortgage

WarChestSM said...

Pretty quick drop on the house on 15th...and a big one too!

Lot values falling north of Montana?

coolwaves said...

lets see - a teardown for 2m in a bad location on an ugly street, weekend dog adoption and traffic from wild oats. thats what i call the american dream!

Dan said...

I don't know if it's possible to get the data, but if you can, it would be useful to know how many sold the previous week vs how many were pulled off the market.

Westside Bubble said...

Unfortunately, Dan, from publicly-available data I can only see that a house sold after its sale is recorded with the county, weeks later. Realtors have this data, if any would like to share for Santa Monica.

Anonymous said...

"have this data, if any would like to share for Santa Monica."

You're kidding right? Share with you, no way! You guys are soooooooooo smart you can just do it on your own.

Anonymous said...

My neighbor at 828 19th Street in SM just took her condo off the market this weekend after several months and two big price chops.