Friday, January 23, 2009

DataQuick Westside zipcodes

One of the two main indices of house sale prices we track are DataQuick's median prices (monthly for LA, above). Although less accurate than the S&P/Case-Shiller because it's affected by the mix of houses sold, it does give a sense of trends.

The totals for 2008 (posted on the LA Times LA Land blog; older ones I've saved on paper) suggest a down trend even on the Westside. Not as steep as countywide, but definitely down. Here are the main Westside zip codes I've been reporting on (I'll post more that you request in the comments).

Median prices and y-y changes for entire years 2005, 2006, 2007, 2008

Los Angeles Countywide
$495K (20.1%), $541K (9.3%), $560K (3.7%), $400K ( -28.6%)

Santa Monica 90402
$2,214K (13.0%), $2,366K (9.4%), $2,725K (12.8%), $2,550K ( -9.9%)

Santa Monica 90405
$1,093K (26.6%), $1,113K (1.9%), $1,275K (14.5%), $1,100K ( -13.7%)

Pacific Palisades 90272
$1,750K (13.3%), $1,900K (8.4%), $1,985K (3.1%), $2,175K (4.3%)

Mar Vista 90066
$787K (16.1%), $830K (5.7%), $835K (0.6%), $760K ( -9.5%)




13 comments:

Anonymous said...

What about 90064?

Westside Bubble said...

LA/Rancho Park 90064

2005, 2006, 2007, 2008

$910K (15.7%), $940K (3.3%), $992K (5.4%), $1,040K (2.0%)

Anonymous said...

90401:Price % Change from 2007 --99.8%

90402:-9.9%Median Home Price/Sq. Ft$1,027

90404 Price change2.2%Median Home Price/Sq.$754

So for 2 bd 2 bath SFR @1000 sqft price min 750K ?

Long way from affordable?

Anonymous said...

90403?

Anonymous said...

http://latimesblogs.latimes.com/laland/2009/01/how-2008-home-p.html

Santa Monica 90403 SFR 22 $1,843 22.8% condo 132 $736
-13.2% $1,006

in 2007 buying SFR in SM is better than buying stock of Microsoft, Google, Yahoo or B of A !

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dwr said...

"in 2007 buying SFR in SM is better than buying stock of Microsoft, Google, Yahoo or B of A !"

Your 20% down is 100% gone. Goog et al. are still worth something.

Anonymous said...

I'm curious about 90042 (Westchester). I have friends who sold a small (maybe 1100 sqft) 2br 1ba house on a small lot (less than 6000 sqft) in the mid $600k range. This was June last year. I'm amazed they got that much but I'm curious how the area is doing now.

Anonymous said...

Pacific palisades has seen an explosion in listings for January. It looks like substantial price reductions coming across all price levels in the Palisades.

Anonymous said...

I have been watching Westchester because we put in an offer there in summer. It was listed at $650k and was a trust sale. I offered $550 and got lauged at. It sold for $556k and I am happily renting and relieved. I did so want to get settled. As a renter I wound up moving when the condo I was renting sold and it could happen again.

Anonymous said...

Wow....this is better results than the stock market!!!

Shoulda bought a couple of houses....

Westside Bubble said...

Thanks for commenting about Westchester, Anon. I've tracked its monthly inventory but not detailed listings.

DataQuick for Santa Monica 90403 (Wilshire-Montana) showed a jump in 2008, but with many fewer sales (22 in 2008 vs. 103 in 90402 and 72 in 90405) was more dependent on the mix of what sold.

2005, 2006, 2007, 2008

$1,542K (7.0%), $1,548K (-0.1%), $1,489K (-3.1%), $1,843K (22.8%)