Saturday, April 25, 2009

Weekly inventory update

4/24/09 - Slightly up, slightly down, I'd really call it pretty flat for the weeks of April so far. New listings MTD appear trending a little below March.

4/17/09 - Santa Monica and Palms-Mar Vista are slightly up, while Pacific Palisades is down by one.

Another low-end north-of-Montana is Pending: the 3 bed / 3 bath at 415 17th, asking $1,799K, a 20% reduction since its listing last December.

Added: Another sale is the 3 bed / 2.75 bath house at 517 14th for $1,775K on 4/16, last asking $1,898K (-21%).

4/10/09 - Santa Monica is up slightly for the week, Pacific Palisades pretty flat, and Palms-Mar Vista down a little. The most activity is in the latter's conforming-mortage listings.

Two low-end north of Montana houses may have found their price levels last week: the 2 bed / 1 bath at 720 17th, last asking $1,649K, and the 3/3 at 210 21st, last asking $1,840K, both entered escrow ("Looking for Backup").

      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
2/27/09 37,647 73 14 98 164 73 17 181 148 75 19 131
4/ 3/09 84 25 108 155 73 11 187 150 74 24 128
4/10/09 85 7 111 160 72 5 187 144 71 5 126
4/17/09 87 12 112 163 71 7 146 73 12 115
4/24/09 86 16 112 163 70 8 148 71 13 130
5/ 1/09

8 comments:

Anonymous said...

Two more high end Pac Pal homes go into escrow: 981 Napoli (last asking $6.995 mil) and 431 Alma Real (last asking $9.25 mil). This market has really firmed up from top to bottom in the last 10 days.

Anonymous said...

Such pathetic realtor crap. At the end of the month for all the realtorisms of "more escrows" and "more heat" sales will be down ~50% from recent years and prices will be down ~30% and continuing lower.

Anonymous said...

WOW, pretty tough to say "firmed up" with a real straight face. every realtor/mortgage broker/appraiser I know in Pac Pal is doing nothing but singing in the blues....and admitting its a long road back. Sure some houses have sold....plenty more are sitting.

Anonymous said...

Firmed up? What a load of crap.....inventory has never been higher in PP....

Anonymous said...

Things have changed in Pacific Palisades in the last two weeks. Don't believe it you don't want to but the low end has caught several bids and most recently, I can confirm above, the high end is getting real bids and opening escrows.

Anonymous said...

wow. Two houses. So there's a 10 year supply? Nothing has changed in the last 2 weeks, same as nothing has changed the last 5 times in the last 6 months realtors have said things have changed. PP is imploding. Period. The small number of sales doesn't change the FACT THAT PRICES ARE STILL GOING DOWN!

Anonymous said...

At BEST, we can call Pac Pal activity "bubbling" as the infamous spring selling season begins to come to a close. What doesn't move now will just sit, and sit and sit until those prices come down. The only buyers right now are people with full cash purchases....and how many of them are around to carry that market forward? The rest of us will just wait, thank you, until prices fall as far as other investment vehicles...

Anonymous said...

It looks as if 320 9th St house sold. Do you know the sale price?