Monthly Inventory update

2/29 - Santa Monica <$2M and Palms/Mar Vista inventory are slightly down for the week and month, while Pacific Palisades <$2M is up a little for the week and month. This bit of a dip is like Mar Vista last year. (Numbers are below; I got tired of calculating the % increments....)

The two new low-end north of Montana listings I posted February 19 appear to have already sold. It shows competitive prices get bought. Conversely, the average DOM from first LD for unsold Santa Monica listings is a record 178 days, nearing 6 months!

2/22 - Pretty flat: Santa Monica inventory <$3M is down 2%, Pacific Palisades <$2M is up 4%, and Palms-Mar Vista is down 1% for the week. SM average Days on Market (DOM) is a record 168 days from first listing date.

2/15 - Santa Monica inventory <$3M is down 2% (last week adjusted), Pacific Palisades <$2M is down 4%, and Palms-Mar Vista is down 1% for the week. Our recent Mar Vista REOs are Looking for Backup (3504 Corinth) and gone (4377 Westlawn). Long-time Ocean Park 724 Navy St. appears finally gone.

2/8 - Santa Monica inventory <$3M is up 4% for the week; Pacific Palisades <$2M is flat for the week; Palms-Mar Vista is up 4% for the week. Striking is that Santa Monica and Palms-Mar Vista inventory and DOM are at record levels for this time of year.

       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
 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  70      
 3/ 2/07  41,251  42  14  51 114  26  10  68  79  55  25  76
 4/ 6/07  42,857  41  23  49 107  18   8  73 103  54  52  50
 5/ 4/07  45,918  46  28  54  92  19   6  82  79  71  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
--------  ------  --------------  --------------  ----------
 2/ 1/08  53,722  54  16  67 157  26  16 101 118  89  36  96
 2/ 8/08  53,805  57   6  71 158  26   1 104 117  93   7  97
 2/15/08          56   7  71 161  25   4 100 107  92  12  99
 2/22/08  53,853  55   9  70 168  26   6 107 105  91  17  99
 2/29/08  53,520  49  10  68 178  29   8 108 108  88  21 103
 3/ 7/08  

All Westside

             2/1 
                2/29 
Bel Air-H.Hls.85  82
Bev.Ctr.-M.M. 71  67
Beverly Hills 65  64
B.H. P.O.     78  80
B'wood Vic.   50  56
Brentwood     77  86
Chev.-R.Pk.'8'21  19
Culver City   42  48
Malibu       185 200
Malibu Beach  38  49
Marina Del Rey26  36
Pac.Palisades101 108
Palms-M.Vista 89  88
Playa Del Rey 22  19
Playa Vista    5   4
Santa Monica  67  68
Sunset-Hwd.H.189 185
Topanga       49  44
Venice        72  72
W.H'wood Vic. 48  51
West L.A.     20  18
Westchester   72  54
W'wood-C.City 37  36
             ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ 
Total       1509
                1524

Notes

See here for 2007 monthly totals. 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.