Sunday, June 8, 2008

Weekly inventory update

6/6 - SM is back up from last week's dip; PP's total is another record; MV is up. All are well above this time last year.

Be sure to see OC Renter's new Option ARM update.

       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
3/28/08 53,566 57 17 81 171 32 14 122 92 82 22 105
5/ 2/08 54,098 59 14 83 159 35 7 136 93 90 33 96
5/30/08 53,216 56 23 79 147 34 9 142 106 91 29 89
6/ 6/08 59 3 84 150 34 3 144 99 92 6 92
6/13/08

6 comments:

Anonymous said...

did you check out the house asking 5.8 million - on a standard 7500 square foot piece of land on lincoln

they were open yesterday

Anonymous said...

dumb agent wasting time

Wooster said...

Add another one to the supply...just saw it at lunch.

2215 Hill
1404 sf
$1,579,000
kinda dumpy facade, but nice inside. Second home in from 23rd st.

No way they get that price. It doesn't even seem close to reality. $1,000,000 perhaps?

Anonymous said...

westside...you don't get enough credit for this blog....keep up the great work....

Anonymous said...

'No way they get that price. It doesn't even seem close to reality. $1,000,000 perhaps?'

Are you kidding me? 1 million is just about lot value in SP.....there was a 2 bedroom Spanish on Ashland 2 houses away from 23rd '(busy,busy street) that went for $1,450mm just 6-8 months ago.....It will go for 1.350 is my guess, if not 1.4....you'll see (sadly) that this is the case....

Wooster said...

I don't think we are in the same market as we were 6-8 months ago. There were likely still a larger group of bulls willing to pay that. I agree that $1mm might have been a little low, but I think it definitely goes below $1.3mm