Friday, March 28, 2008

Monthly inventory update


3/28 - All inventories are at record levels for this time of year, for the time I've been tracking. The Westside total of 1,694 is greater than all months last year except the fall peak of 1,731 on 11/2/07. And high DOM demonstrates some extremely stale listings.

3/21 - SM <$3M is down slightly, but SM overall is up a little, as is PP and MV.

3/14 - SM and PP are up, but Mar Vista is down (it appears partly from expired listings).

3/7 - Santa Monica is up; Pacific Palisades <$2M is down, but up overall; Mar Vista is down. Amazing that people are committing to house purchases (including 4140 Sunnyside, below) just as the economy appears headed off the cliff.

       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
2/29/08 53,520 50 10 68 178 29 8 108 108 88 21 103
3/ 7/08 52 4 71 187 27 4 116 91 79 5 99
3/14/08 53,359 57 11 75 176 31 6 118 90 72 9 101
3/21/08 53,566 55 13 77 174 32 7 120 99 74 14 101
3/28/08 57 16 81 171 32 11 122 92 82 20 105
4/ 4/08
All Westside

             2/1    3/28 
2/29

Bel Air-H.Hls.85 82 95
Bev.Ctr.-M.M. 71 67 75
Beverly Hills 65 64 66
B.H. P.O. 78 80 92
B'wood Vic. 50 56 53
Brentwood 77 86 96
Chev.-R.Pk.'8'21 19 20
Culver City 42 48 50
Malibu 185 200 213
Malibu Beach 38 49 57
Marina Del Rey26 36 25
Pac.Palisades101 108 122
Palms-M.Vista 89 88 82
Playa Del Rey 22 19 15
Playa Vista 5 4 6
Santa Monica 67 68 81
Sunset-Hwd.H.189 185 215
Topanga 49 44 63
Venice 72 72 74
W.H'wood Vic. 48 51 48
West L.A. 20 18 25
Westchester 72 54 79
W'wood-C.City 37 36 42
___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___
Total 1509 1694
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.

3 comments:

Anonymous said...

Check out the MLS neighborhood heat map that was posted on Curbed

Anonymous said...

Condos only. Not fully representative. SFR are up.

Anonymous said...

This trend is not your friend, asset holder...