Monthly inventory update

10/31 - Inventory is growing the most in some of the high-priced areas. The Westside total is up 3.9% (+79) for the month, and 20% from October 2007, mainly from jumps in Pacific Palisades (+29), Brentwood (+16), and Venice (+13).

Total Santa Monica is up 10% for the month and 11% from October 2007. Total Pacific Palisades is up a huge 24% for the month and 50% from October 2007. Palms-Mar Vista is down a slight 1% for the month, and 15% from October 2007.

Within Pacific Palisades the under-$2M inventory grew more (34% m-m, 90% y-y), while it was over-$3M in Santa Monica that grew more (18% m-m, 34% y-y). And upper-end Mar Vista Hill is pretty stuck.

10/24 - SM <$3M is down slightly, but up overall; PP is up sharply; MV is down a hair. Here's activity in indicator houses.

Two south of Washington we've been following are now in escrow; wonder at what price?
1030 Chelsea, 3 bed / 1.75 bath, LP=$1,299K (-7% from OLP), LD=7/31/08
2312 California, 2/2, $1,395K (-7%), 9/29/08

Two in Sunset Park closed:
1645 Ashland, 2/1, $995K, 7/28/08, SD=10/23, SP=$975K (-2% from LP)
2424 Cloverfield, 3/2, $1,099K (-12%), 3/21/08, 10/9/08, $1,055K (-4%)

While three others were withdrawn:
3027 11th, 2/1.75, $799K (-15%), 8/7/08
2114 Ashland, 2/1, $1,079K (-20%), 5/19/08
1732 Bryn Mawr, 4/3, $1,349K (-10%), 6/5/08

10/17 - SM, PP, and MV inventory are all up for the week. A few escrows failed this week in Mar Vista, going back on the market. Tough to get financing?

Yes, there seems more drama in the financial markets and election this week than in Westside real estate. Watch for DataQuick next week.

10/10 - Not a lot of change in inventory this week. SM <$3M and PP <$2M are a little up (the latter at record levels); MV is slightly down. Some previously withdrawn / expired listings are back (not counted here in "New").

      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
 8/29/08 50,124  62   9  79 122  29   5 108 156  91  25 104
10/ 3/08 48,113  58  14  82 145  41  15 128 132  84  24 109
10/10/08         62   7  83 144  42   2 126 137  83   9 107
10/17/08         66  12  87 139  44   5 134 144  86  13 101
10/24/08         64  17  89 140  49  12 140 134  85  16 105
10/31/08 47,017  64  22  90 131  55  18 159 126  83  21 103
11/ 7/08

All Westside

             2/1    3/28    5/30     8/1    10/3
                2/29     5/2    6/27    8/29   10/31 
Bel Air-H.Hls.85  82  95 100 108 110 115 113 115 113
Bev.Ctr.-M.M. 71  67  75  79  80  78  80  72  62  67
Beverly Hills 65  64  66  78  84  79  90  90  94  98
B.H. P.O.     78  80  92  95 101 113 118 121 125 123
B'wood Vic.   50  56  53  57  67  58  53  59  55  55
Brentwood     77  86  96 104 108 116 115 109 124 140
Chev.-R.Pk.'8'21  19  20  24  25  31  34  33  38  40
Culver City   42  48  50  57  59  58  49  58  61  63
Malibu       185 200 213 242 261 266 265 258 240 244
Malibu Beach  38  49  57  60  50  49  59  61  59  52
Marina Del Rey26  36  25  25  26  27  32  33  33  35
Pac.Palisades101 108 122 136 142 129 120 108 128 159
Palms-M.Vista 89  88  82  90  92  96  99  91  84  83
Playa Del Rey 22  19  15  15  23  24  28  29  26  25
Playa Vista    5   4   6   5   5   9   9   7   7   8
Santa Monica  67  68  81  84  79  98  89  79  82  90
Sunset-Hwd.H.189 185 215 240 241 273 278 256 292 291
Topanga       49  44  63  69  66  62  60  61  62  69
Venice        72  72  74  83  85  77  89  79  83  96
W.H'wood Vic. 48  51  48  43  46  46  55  62  64  61
West L.A.     20  18  25  25  25  26  33  27  29  25
Westchester   72  54  79  86  91  88  82  76  78  77
W'wood-C.City 37  36  42  49  53  61  67  60  65  71
             ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ 
2008 Total  1509    1694    1917    2019    2006
                1524    1846    1974    1942    2085
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.