These are pretty self-explanatory. Santa Monica <$3M and Pacific Palisades <$2M inventories are extremely high.
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Tracking the real estate bubble on the Westside of Los Angeles, especially in Santa Monica ... available housing inventory, highlights/lowlights, and the larger economy.
Obligatory Disclaimer: I do my best to accurately report publicly-available data, but take no responsibility for what you do with it!
Contact westsidebubble {at} gmail {dot} com .
3 comments:
Very interesting. Santa Monica and Pacific Palisades inventories are through the roof, at all-time highs and getting worse. Meanwhile Mar Vista inventory is easing.
What explains the difference? Mar Visa is further along the correction for the Bubble. Santa Monica and PP are still Bubble priced. Until they start correcting for the Bubble, there will be no sales. Try explaining that to a Realtard.
Nobody in Mar Vista has any equity...therefore they won't sell...depressing inventory.
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