Year-end inventory update

Typical for December, Santa Monica inventory <$3M is down 19% for the month, Pacific Palisades <$2M is down 17%, and Palms-Mar Vista is down 18%. Total Westside inventory is down 17% to 1,329.

Year-to-year Santa Santa Monica inventory <$3M is down 22%, and Pacific Palisades <$2M is down 42%. Palms-Mar Vista was up 13%, and total Westside up 4% from early February 2007 when I started tracking those.

A reason for the decreases is fewer new listings. New listings in Santa Monica <$3M Apr-Dec 2006 were 237, but Apr-Dec 2007 were only 176, a 26% drop. Note also how stale the unsold listings have become (DOM column).

Well, that wraps 2007.

       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  23  11  88  94  96  23  96
12/31/07  53,475  42   5  53 148  19   2  73 119  79  13 116

All Westside

             2/9     4/6     6/1     8/3    9/28   11/30 
                 3/1     5/4    6/30    8/31    11/2   12/31
Bel Air-H.Hls.86  86  92 100 103  99  86  99 104 104  86  64
Bev.Ctr.-M.M. 64  57  48  53  54  65  64  67  75  75  73  59
Beverly Hills 67  70  56  46  53  49  59  61  62  58  65  56
B.H. P.O.     94  91  92  88  93  95  92  94  90  93  85  75
B'wood Vic.   35  36  31  39  38  41  42  46  50  59  57  48
Brentwood     67  71  73  75  72  68  86  77  89  96  90  65
Chev.-R.Pk.'8'22  20  19  22  23  22  26  20  28  23  27  20
Culver City   35  25  20  28  33  36  41  48  49  46  39  32
Malibu       178 181 192 199 206 220 224 216 216 209 209 181
Malibu Beach  42  44  51  52  56  58  54  45  43  45  43  41
Marina Del Rey20  20  20  27  29  28  26  27  26  22  19  23
Pac.Palisades 64  68  73  82  87  92  78  69  90 106  88  73
Palms-M.Vista 62  53  52  68  77  73  84  90  87  98  96  79
Playa Del Rey  7   8  17  20  21  20  21  24  29  27  26  25
Playa Vista    3   2   3   1   3   5   4   9   8  10   7   5
Santa Monica  50  50  49  53  61  57  68  72  74  81  67  53
Sunset-Hwd.H.155 178 159 166 180 168 187 184 215 226 214 183
Topanga       39  41  36  43  45  54  49  54  55  52  49  39
Venice        64  64  57  68  70  72  69  68  68  84  75  54
W.H'wood Vic. 23  32  25  36  42  41  40  36  49  52  49  41
West L.A.     19  21  25  24  25  34  31  36  40  37  30  21
Westchester   53  46  47  45  53  52  62  72  82  78  73  68
W'wood-C.City 33  44  37  42  33  34  29  37  42  50  33  24
            ____ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___
Total       1282    1274    1457    1522    1671    1600
                1308    1377    1483    1551    1731    1329
Month-month incr. 2% -3%  8%  6%  2%  3%  2%  8%  4% -8%-17%

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.