Saturday, February 14, 2009

Weekly inventory update

2/13/09 - Pacific Palisades was up, while Santa Monica and Mar Vista were flat. Another north-of-Montana house joined the $1.9 million club: 415 17th, 3 bed / 3 bath, originally listed 12/4/08 for $2,245K, abruptly dropped its price to $1,899K at the beginning of the week (see SM Distress Monitor).

2/6/09 - Pacific Palisades inventory jumped for the week, while Santa Monica and Mar Vista was pretty flat. More price reductions and churn of expired/ withdrawn listings back on the market as others leave. And a couple into escrow.

Not unlike the LA Times, the Santa Monica Daily Press on Friday had its front page "Housing price slide comes to Westside" article (pdf). Gary Limjap, the main real estate agent interviewed - who was pretty realistic, especially saying "Sunset Park being among the hardest hit, seeing its home values drop 25-30 percent in the third quarter 2008 from the same time in 2007" - just happened to have a bottom front page ad. Hmmmm.

      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
-------- ------ -------------- -------------- ----------
1/30/09 38,486 67 16 94 181 59 15 157 145 66 15 157
2/ 6/09 67 5 93 159 64 7 164 132 67 4 155
2/13/09 67 6 93 160 67 10 170 133 68 7 156
2/20/09

1 comment:

Anonymous said...

They finally caught one of the criminals responsible for the murders in santa monica -


---------


Paul Carpenter, 31, was arrested Wednesday morning

Carpenter has been a fugitive since October 1998, when he, along with his girlfriend and two other friends, allegedly shot and killed 50-year-old German tourist Horst Fietze