Weekly inventory update

1/25 - Santa Santa Monica inventory <$3M is down 2% (but SM Total is up 5%), Pacific Palisades <$2M up 19% (also noted in recent comments), and Palms-Mar Vista flat for the week. In contrast, Santa Monica inventory was falling this time a year ago.

1/18 - Santa Santa Monica inventory <$3M is up 6%, Pacific Palisades <$2M up 8%, but Palms-Mar Vista down 5% (perhaps from old listings withdrawn) for the week.

I added back this week from a year ago (1/19/07). SM and PP inventories fell during January 2007, but have been rising so far this January. Year-ago-this-week all inventories were higher, except, strikingly, total PP inventory is much higher this year: 100 vs. 71, all in the higher-priced houses.

1/11 - The number of new or returned listings this week, despite losing a few that seem expired, resulted in Santa Santa Monica inventory <$3M up 12%, Pacific Palisades <$2M up 14%, and Palms-Mar Vista up 9%.

       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
--------  ------  --------------  --------------  ----------
 1/19/07          60      70 115  33      71  69 
 1/26/07          51      60 120
 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
--------  ------  --------------  --------------  ----------
 1/ 4/08          42   0  54 157  21   4  80 101  80   7 106
 1/11/08  52,619  48   7  59 145  24   6  90 102  88  19  98
 1/18/08          51  10  61 148  26   8 100  97  84  23  99
 1/25/08  53,258  50  12  64 157  31  13 106 108  84  31  92
 2/ 1/08