Monthly inventory update

8/29 - Santa Monica and Mar Vista inventory are down for the week and month. Pacific Palisades is flat for the week, but down for the week. Westside total is also down for the month.

I'm struck how many listings are Expired or Withdrawn, while there were few new listings in SM and PP. Are sellers holding out for market improvement?

Although the previously-withdrawn 750 Navy "greenstucco" is back on the market, reduced to $1,699K from $1,900K.

The questionable REO at 3121 Urban in SM closed 8/15 for $699K; previous sale was $1,390K on 9/26/06. Also next to the I-10 freeway, 2901 Kansas (below) is in escrow.

An indicator for a 50-foot low-end lot north of Montana, west of 7th, 234 Alta, closed 8/7 for $2,675K.

An indicator for the low-end "Alphabet Streets" in Pacific Palisades, 946 Hartzell St., 3 bed/1 bath, closed for $1,025K (reduced from $1,300K original and $1,250 final listing). And 14852 Sunset dropped 16% from $1,850K to $1,550K in one cut.

8/22 - SM and MV are down slightly for the week; PP is flat. Very few new listings in SM and PP.

I omitted last week, 1621 Ashland is back into escrow.

8/15 - All are slightly down for the week, in part from what seems like a lot of newly-expired and withdrawn listings.

2901 Kansas is back (the former listing expired), now discounted from $649K to $499K.
2114 Ashland was reduced again, now to $1,079K, 20% off.

8/8 - My apologies, so much to do, so little time to post, and it will continue for the next week or two.

Santa Monica inventory is back up, but Pacific Palisades is down. Mar Vista continues up, now at a record 103 for 2007-8.

Low-end north of Montana data point 517 Euclid finally closed for $2,079K. This is a loss from its 6/7/07 purchase for $2,250K, and overall a flat indicator for my index.

And 1621 Ashland is back on the market, fallen out of escrow.

      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
 6/27/08 53,058  74  28  98 131  30   6 129 107  96  26  95
 8/ 2/08 51,906  66  14  89 125  34   8 120 136  99  35 101
 8/ 8/08         69   6  91 119  30   2 108 130 103  12 103
 8/15/08         66   7  86 109  28   3 108 125 102  17 102
 8/22/08 50,781  64   8  84 117  28   4 108 129 101  24 104
 8/29/08         62   9  79 122  29   4 108 156  91  25 104
 9/ 5/08 
 

All Westside

             2/1    3/28    5/30     8/1 
                2/29     5/2    6/27    8/29 
Bel Air-H.Hls.85  82  95 100 108 110 115 113
Bev.Ctr.-M.M. 71  67  75  79  80  78  80  72
Beverly Hills 65  64  66  78  84  79  90  90
B.H. P.O.     78  80  92  95 101 113 118 121
B'wood Vic.   50  56  53  57  67  58  53  59
Brentwood     77  86  96 104 108 116 115 109
Chev.-R.Pk.'8'21  19  20  24  25  31  34  33
Culver City   42  48  50  57  59  58  49  58
Malibu       185 200 213 242 261 266 265 258
Malibu Beach  38  49  57  60  50  49  59  61
Marina Del Rey26  36  25  25  26  27  32  33
Pac.Palisades101 108 122 136 142 129 120 108
Palms-M.Vista 89  88  82  90  92  96  99  91
Playa Del Rey 22  19  15  15  23  24  28  29
Playa Vista    5   4   6   5   5   9   9   7
Santa Monica  67  68  81  84  79  98  89  79
Sunset-Hwd.H.189 185 215 240 241 273 278 256
Topanga       49  44  63  69  66  62  60  61
Venice        72  72  74  83  85  77  89  79
W.H'wood Vic. 48  51  48  43  46  46  55  62
West L.A.     20  18  25  25  25  26  33  27
Westchester   72  54  79  86  91  88  82  76
W'wood-C.City 37  36  42  49  53  61  67  60
             ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ 
2008 Total  1509    1694    1917    2019
                1524    1846    1974    1942
2007 Total  1282    1274    1457    1522    1671    1600
                1308    1377    1483    1551    1731    1329

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.

High-end financing (again)?

Last November I listed the ten properties over $4M that sold in Santa Monica so far in 2007 (January-August), wondering how they had been financed.

Thanks to Phillip, we found they all had loans, ranging from 30% to 80%, predominantly variable. But that was before loans got worse.

Updated: Thanks to Phillip (again!) I've added % financed loan data he was able to find.

Let's try it again. Only there haven't been ten sales over $4M January to August this year. Just four. So this time I'll list the ten over $3.5M:

2121 La Mesa, 5 bed/8 bath, LP=$15,450K (-9% from OLP), SD=4/29/08, SP=$10,850K (-13% from LP)
1333 Palisades Beach, 5/4.5, $5,895K, 7/2/08, $5,895K
1221 Georgina, 5/6.5, $4,995K (-5%), 6/6/08, $4,475K (-10%), 74%
609 24th, 5/4.5, $4,725K, 8/13/08, $4,395K (-7%)
333 14th, 5/6, $4,195K (-14%), 7/2/08, $3,975K (-5%), 25%
424 14th, 6/6.5, $4,195K, 7/29/08, $3,960K (-6%), 60%
434 22nd, 5/6, $3,995, 4/23/08, $3,930K (-2%), 80%
610 25th, 5/4.5, $3,999K, 5/30/08, $3,800K (-5%)
316 25th, 5/5.5, $3,995K (-15%), 8/15/08, $3,810K (-5%)
317 Alta, 5/3.5, $3,799K (-5%), 7/8/08, $3,625K (-5%), 50%

For someone with access to loan records, could you post how much was financed, and what loan type? (For privacy, no owner names, please.)

June Case-Shiller

Today's June 2008 S&P/Case-Shiller numbers continued down again, but less steeply.

Los Angeles (black line, includes Orange County) is now down 28.5% from its peak in September 2006 - 1.4% from May, 1.9% from April, 2.2% from March, 3.6% from February, 4.3% from January, 3.7% from December 2007, 3.6% from November, 3.6% from October, 2.1% from September and 1.3% from August. The national (orange line, their original 10-city Composite) index is down 20.3% from its peak in June 2006.

Besides the original city index they have each city broken into Low, Middle, and High tiers (Under $397,294, $397,294 - $598,244, and Over $598,244; updated for June). Los Angeles' Low Tier rose the most and has fallen back the most so far from its November 2006 peak, 38.5%. The High Tier rose the least and plateaued for awhile before falling more steeply, now appears flattening again, down .2% to 20.2% from June 2006.

Below is an update on my low-end north-of-Montana index. Counting low-end / tear-down sales on 9th, 10th, 12th, and Euclid Streets, its 25% fall closely tracked the Los Angeles Case-Shiller index in the 1990s. But there's only been one data point since June 2007, 517 Euclid for a flat $2,079K.

Yes, it has gotten kind of boring lately, continuing trends without a lot new to report. I'm mostly looking for leading indicators of weakening Westside prices finally following falling Los Angeles prices. (Try saying finally following falling fast!)

"The Abyss Stares Back" - Kunstler

James Howard Kunstler was especially vivid today (August 25) in "The Abyss Stares Back":

As the political conventions descend like the soggy forces of nature they have become -- the tropical depressions of politics -- the Republican party will be seen, with growing clarity, as the party that wrecked America. So many shoes are about to drop, and so many dominoes lined up to fall 'out there' on the financial landscape that the thump and clatter of crashing institutions will sound like the percussion section of the renowned USC marching band as the nation tramps toward the general election.

... I'm rather convinced that the carnage on the money scene will be so extreme this fall that the nation will seem to have been transformed from a superpower to a basketcase before November 4th, and that the blame for this state of affairs will be blindingly obvious: the people in charge for the past eight years looted the treasury, destroyed the currency, and left the machinery of capital a smoking wreckage.

Even if it's not that bad, think Santa Monica real estate values will hold?

If you're up for more gloom, read the Market Ticker, especially 8/23 and 8/20.

SM indicators

Updating my inventory list (I track individual listings in Santa Monica, Pacific Palisades <$2M, and Palms-Mar Vista), I was struck by a number of current indicators that prices are softening.

Sunset Park

Low end prices for reasonable lots in Sunset Park have fallen to around $1 million, and are still not getting snapped up:

1645 Ashland, 2 bed/1 bath, LP=$995K, LD=7/28/08
2610 24th, 2/2, $1,029K (-9%), 7/14/08
1736 Oak, 3/2, $1,060K, 7/31/08

Two recent comps did sell above very-attractive prices:

2010 Hill, 2/2, $949K, 6/9/08, sold 7/18/08 $998K (+5%)
1519 Hill, 2/2, $1,099K, 6/18/08, sold 8/21/08 $1,140K (+4%)

Back on the market after 7 months and 14% reduction from $1,975K to $1,725K in 2007, 2222 Marine, 4/4, is now asking $1,690K. Seller even had claimed to be "serious". That may still be too high at the foot of SM Airport.

Speaking of next to the airport, 2314 Pier, 3/2, finally sold 8/15/08 for $1,025K. Originally listed over a year ago (7/9/07) for $1,250, this flopper paid $920K on 3/23/07.

North of Wilshire

North of Wilshire seems to be slipping, too. After three weeks (LD=7/31/08) 1030 Chelsea, 3/1.75, asking $1,399K, is still unsold.

And 1018 Yale, 2/1.5, $1,529K (-6%), sold 8/14/08 at a deep 13% discount of $1,338K (see link to SM Distress Monitor for more).

A comp from last year is 1020 Chelsea (photo), 2/1, $1,399K, sold 6/19/07 for $1,478K.

North of Montana

Back on the market after two months this spring at $2,395K is 460 Lincoln, 3/3, now asking $2,195K. It's a large one-story, not a tear-down. And 517 14th, 3/2.75, 5/1/08, expired unsold despite reduction from $2,388K to $2,250K.

There is such despiration to buy in 90402 that these listings are expiring unsold not much over $2M?

Weekly inventory update

8/22 - SM and MV are down slightly for the week; PP is flat. Very few new listings in SM and PP.

I omitted last week, 1621 Ashland is back into escrow.

8/15 - All are slightly down for the week, in part from what seems like a lot of newly-expired and withdrawn listings.

2901 Kansas is back (the former listing expired), now discounted from $649K to $499K.
2114 Ashland was reduced again, now to $1,079K, 20% off.

8/8 - My apologies, so much to do, so little time to post, and it will continue for the next week or two.

Santa Monica inventory is back up, but Pacific Palisades is down. Mar Vista continues up, now at a record 103 for 2007-8.

Low-end north of Montana data point 517 Euclid finally closed for $2,079K. This is a loss from its 6/7/07 purchase for $2,250K, and overall a flat indicator for my index.

And 1621 Ashland is back on the market, fallen out of escrow.

      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
 6/27/08 53,058  74  28  98 131  30   6 129 107  96  26  95
 8/ 2/08 51,906  66  14  89 125  34   8 120 136  99  35 101
 8/ 8/08         69   6  91 119  30   2 108 130 103  12 103
 8/15/08         66   7  86 109  28   3 108 125 102  17 102
 8/22/08 50,781  64   8  84 117  28   4 108 129 101  24 104
 8/29/08
 

July DataQuick

More of the same in today's July DataQuick numbers. Median prices are now -27.3% for Los Angeles County from its last-August peak. Volumes are up again for the month, but still below July 2007 (-3.2% for LA County). (June DataQuick post)

This puts Los Angeles County prices back to mid-2004, Orange County back to late 2003, Ventura County back to the end of 2003, and San Diego back to spring 2003.

Weekly inventory update

8/15 - All are slightly down for the week, in part from what seems like a lot of newly-expired and withdrawn listings.

2901 Kansas is back (the former listing expired), now discounted from $649K to $499K.
2114 Ashland was reduced again, now to $1,079K, 20% off.

8/8 - My apologies, so much to do, so little time to post, and it will continue for the next week or two.

Santa Monica inventory is back up, but Pacific Palisades is down. Mar Vista continues up, now at a record 103 for 2007-8.

Low-end north of Montana data point 517 Euclid finally closed for $2,079K. This is a loss from its 6/7/07 purchase for $2,250K, and overall a flat indicator for my index.

And 1621 Ashland is back on the market, fallen out of escrow.

      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
 6/27/08 53,058  74  28  98 131  30   6 129 107  96  26  95
 8/ 2/08 51,906  66  14  89 125  34   8 120 136  99  35 101
 8/ 8/08         69   6  91 119  30   2 108 130 103  12 103
 8/15/08         66   7  86 109  28   3 108 125 102  17 102
 8/22/09
 

Ashland & Hill prices

A year ago there was still debate on whether Los Angeles prices would fall. No longer; now it's only whether the prime Westside will follow suit.

Last November I posted Why Westside prices will fall, after October's Different this time?. But we still feel like we're waiting.

I feel Mar Vista prices are falling (like what used to be an $850K house is now $750K; I'll try to document that in the future). So how is Sunset Park doing, as a transition zone between Mar Vista and higher-priced Santa Monica?

I've been using Ashland and Hill, east of 11th, as a Sunset Park index. Here's a list of everything sold there under $1.5M during 2005-8, plus current listings. General observations:

• In 2005 listings usually sold fast for asking price, while this year has more listings and large price reductions.
  
  
• It feels like there are more listings close to $1M, and listings toward $1.5M aren't moving much.

What are others' views here?

2008
1645 Ashland, 2 bed/1 bath, LP=$995K, LD=7/28/08, Active
2114 Ashland, 2/1, $1,120K (-17%), 5/19/08, Active
1215 Ashland, 3/1, $1,325K (-2%), 4/18/08, Backup 7/31/08
1702 Ashland, 4/3.5, $1,339K (-8%), 10/3/07, Expired 3/08
1621 Ashland (photo), 2/1.5, $1,399K (-16%), 8/13/07, Active
2010 Hill, 2/2, $949K, 6/9/08, SD=7/18/08, SP=$998K (LP +5%)
1519 Hill, 2/2, $1,099K, 6/18/08, Pending 7/5/08
1328 Hill, 3/2, $1,178K (-8%), 6/30/08, Active
2447 Hill, 3/3, $1,350K, 6/26/08, Active
1348 Hill, 3/2, $1,450K (-9%), 9/17/07, 4/1/08, $1,450K
2215 Hill, 3/2, $1,499K (-5%), 6/8/08, Active

2007
2423 Ashland, 3/2, $1,269K, 4/29/07, 6/26/07, $1,220K (-4%)
2005 Ashland, 3/1.75, $1,349K (-9%), 8/2/07, 11/28/07, $1,333K
2208 Ashland, 2/1.75, $1,449K, 10/4/07, 11/16/08, $1,449K
1408 Hill (photo below), 2/1, $899K, 1/11/07, 2/20/07, $896K
2308 Hill, 3/2, $1,309K (-3%), 2/1/07, 5/11/07, $1,275K (-3%)
1655 Hill, 3/2, $1,328K, 1/18/07, 2/23/07, $1,302K (-2%)
2315 Hill, 3/2, $1,475K (-3%), 9/06, 3/8/07, $1,475K

2006
2339 Ashland, 2/2, $1,129K, 5/06, 6/14/06, $1,131K
1710 Ashland, 3/3, $1,429K, 4/06, 5/4/06, $1,429K
1616 Hill, 2/1, $850K, 6/06, 8/23/06, $928K (+9%)
1314 Hill, 3/2,,, 3/13/06, $1,230K
1514 Hill, 2/1, $1,250K, 1/06, 3/24/06, $1,250K
1502 Hill, 3/1, $1,265K, 2/06, 4/18/06, $1,265K
1509 Hill, 3/1.75, $1,295K, 8/06, 1/4/07, $1,261K (-3%)
2315 Hill, 3/2, $1,450K, 5/06, 8/4/06, $1,400K (-3%)

2005
1215 Ashland, 3/1,,, 6/29/05, $1,150K
2030 Ashland, 3/3,,, 8/26/05, $1,245K
1307 Ashland, 3/2,,, 9/23/05, $1,299K
1635 Ashland, 4/2,,, 7/29/05, $1,425K
1621 Ashland, 3/2,,, 10/31/05, $1,450K
1502 Hill, 3/1,,, 11/3/05, $1,150K
1212 Hill, 3/2,,, 12/20/05, $1,182K
2427 Hill, 3/2,,, 7/15/05, $1,320K

SM Condo inventory

A year ago (8/8/07) I posted a snapshot of condo inventory. I haven't maintained a regular condo inventory, but now have two years of summer data points.

So both SFR and condo inventories are higher than 2007 but lower than 2006. (This was a case of browsing my archives for something else and finding a timely item to update.)

Date      7/30/06  9/15/06  8/04/07  8/12/08

All SM        184      188      166      170
2+ bedrooms   128      138      121      137
All 90403*     52       63       48       49
Houses <$3M    71       75       53       67
Condo mult.   2.6      2.5      3.1      2.5

(*between Wilshire & Montana)

Weekly inventory update

8/8 - My apologies, so much to do, so little time to post, and it will continue for the next week or two.

Santa Monica inventory is back up, but Pacific Palisades is down. Mar Vista continues up, now at a record 103 for 2007-8.

Low-end north of Montana data point 517 Euclid finally closed for $2,079K. This is a loss from its 6/7/07 purchase for $2,250K, and overall a flat indicator for my index.

And 1621 Ashland is back on the market, fallen out of escrow.

      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
 6/27/08 53,058  74  28  98 131  30   6 129 107  96  26  95
 8/ 2/08 51,906  66  14  89 125  34   8 120 136  99  35 101
 8/ 8/08         69   6  91 119  30   2 108 130 103  12 103
 8/15/08
 

Monthly inventory update

8/1 - SM is up slightly for the week, down for the month, up from July 2007 but below July 2006. PP is up for the week, <$2M up for the month but >$2M down. MV is up to record levels, with many new listings, as is the Westside composite.

7/25 - SM and PP are slightly down; MV is a little up, including a couple of re-listings.

7/18 - Pretty flat to just slightly down, with more price reductions, withdrawals, and expired listings.

7/11 - SM, PP, and MV are all flat. But for Mar Vista that included a lot of changes: expired and withdrawn listings, listings back on the market, new listings, and listings into escrow.

7/4 - SM is down by the 5 listings that expired this week. PP and MV are down just slightly.

      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
 6/27/08 53,058  74  28  98 131  30   6 129 107  96  26  95
 7/ 4/08         69   1  91 124  29   1 126 105  95   5  96
 7/11/08         69   3  91 131  29   3 127 106  95  14 103
 7/18/08 52,049  69   8  90 132  30   5 123 116  93  22 102 
 7/25/08         65  10  88 128  29   5 116 123  96  24 111
 8/ 2/08 51,906  66  14  89 125  34   8 120 136  99  33 101
 8/ 9/08
 

All Westside

             2/1    3/28    5/30     8/1 
                2/29     5/2    6/27 
Bel Air-H.Hls.85  82  95 100 108 110 115
Bev.Ctr.-M.M. 71  67  75  79  80  78  80
Beverly Hills 65  64  66  78  84  79  90
B.H. P.O.     78  80  92  95 101 113 118
B'wood Vic.   50  56  53  57  67  58  53
Brentwood     77  86  96 104 108 116 115
Chev.-R.Pk.'8'21  19  20  24  25  31  34
Culver City   42  48  50  57  59  58  49
Malibu       185 200 213 242 261 266 265
Malibu Beach  38  49  57  60  50  49  59
Marina Del Rey26  36  25  25  26  27  32
Pac.Palisades101 108 122 136 142 129 120
Palms-M.Vista 89  88  82  90  92  96  99
Playa Del Rey 22  19  15  15  23  24  28
Playa Vista    5   4   6   5   5   9   9
Santa Monica  67  68  81  84  79  98  89
Sunset-Hwd.H.189 185 215 240 241 273 278
Topanga       49  44  63  69  66  62  60
Venice        72  72  74  83  85  77  89
W.H'wood Vic. 48  51  48  43  46  46  55
West L.A.     20  18  25  25  25  26  33
Westchester   72  54  79  86  91  88  82
W'wood-C.City 37  36  42  49  53  61  67
             ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ 
2008 Total  1509    1694    1917    2019
                1524    1846    1974
2007 Total  1282    1274    1457    1522    1671    1600
                1308    1377    1483    1551    1731    1329

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.