1/30/09 - Inventory for all three areas are up for both the week and the month. Santa Monica is up over the end of January 2008; Pacific Palisades <$2M is over double; but Palms-Mar Vista is lower.
1/23/09 - Big jump for the week in Santa Monica and Pacific Palisades inventories, from 12 net new listings each plus relistings of previously expired/withdrawn. In contrast, Mar Vista was about flat for the week and month so far.
Even bigger news is new price cuts, including our north of Montana indicators 320 9th Street from $1,999K to $1,895K, 209 25th Street from $2,050K to $1,899K, and more-fixed-up 620 22nd Street relisted from $2,395K to $2,249K.
1/16/09 - Inventory was pretty flat for the week, but the total doesn't reflect old listings expiring, former listings back on the market, a few new listings, and a couple into escrow.
1/9/09 - Old listings back on the market and a few new ones have already jumped our inventory numbers back above their 1/2/09 and 12/31/08 levels. The spring glut is beginning to form.
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
10/31/08 47,017 64 22 90 131 55 18 159 126 83 21 103
11/28/08 45,216 64 12 91 141 54 7 151 124 73 9 130
12/31/08 40,810 52 3 80 171 47 5 130 134 63 10 144
-------- ------ -------------- -------------- ----------
1/ 2/09 48 0 75 166 45 0 126 140 61 0 149
1/ 9/09 57 6 84 166 49 1 136 155 65 5 137
1/16/09 56 7 83 181 49 5 144 160 63 6 135
1/23/09 62 12 89 185 55 12 155 140 62 8 138
1/30/09 38,486 67 16 94 181 59 14 157 145 66 13 157
2/ 6/09
All Westside 1/30 3/27 5/29 7/31 10/2 11/27
2/27 5/1 6/26 8/28 10/30 12/31
B.Air-H.Hls. 101
Bv.Ctr.-M.M. 58
Beverly Hls. 109
B.H. P.O. 127
Bvywd.Vic. 47
Brentwood 146
Chv.-R.Pk.'8' 31
Culver City 52
Malibu 254
Malibu Beach 63
Marina D.Rey 32
P.Palisades 157
Palms-M.Vista 66
Playa Del Rey 24
Playa Vista 6
Santa Monica 94
Sunset-Hwd.H.285
Topanga 70
Venice 104
W.Hwood.Vic. 61
West L.A. 20
Westchester 53
Wwood.-C.City 67
___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___
2009 Total 2027
2008 Total 1509 1694 1917 2019 2006 2128
1524 1846 1974 1942 2085 1822
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.
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