12/7 - Not a lot happening heading into December. SM <$3M is down 4%, PP <$2M is up 4%, and MV is down 5%. No new listings in SM so far this month.
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
9/28/07 58,973 59 17 74 103 26 9 90 81 87 20 87
11/ 2/07 58,731 62 19 81 120 29 7 106 77 98 35 88
11/30/07 59,108 52 14 67 136 24 11 88 94 96 23 96
12/ 7/07 50 0 65 139 25 2 87 97 91 4 99
12/14/07
6 comments:
Thanks
what do you think is causing the shortage of inventory?
people who want to sell but who are holding back waiting for a rebound, or people who are happy in LA and who plan to stay a while who really don't need to sell and don't plan to sell
Obviously it would cause a crash on the W side if there was huge inventory waiting in the wings,
Keep in mind that most of the SFR owners in 90402 and 90403 don't NEED to sell, therefore the majority of the inventory you will see is from builders or the result of a divorce, death, or out-of-state job transfer (and some of those will simply lease their properties rather than sell).
ed
can you explain what the implications are ?
I mean is it logical to assume that 90402 won't crash because very few people in 90402 need to sell?
Please be clear
Just curious. Where do you get your inventory numbers. I'd love to look at the numbers in my hood on the eastside.
Filmo, I track them from the local MLS in a spreadsheet, one line per property, noting listing date, price changes, and when no longer availble. Or you could get the same info from Zip Realty.
Quicker would be to just log the total number available in an MLS area, city, or zip code over time (like Bubble Markets Inventory Tracking does by county).
It must be people taking their home off the market and waiting to see what happens in the new year. As I see it, there are already more people looking this year than in previous, according to my stats. I think Feb and March are going to prove to be big.
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