Mar Vista low-end price index?

I had an idea of creating a low-end Mar Vista price index like what we've talked about for Santa Monica north of Montana, to estimate low-end Westside price declines.

I chose 2- and 3-bedroom houses south of Washington on the north-south streets Sunnyside, Tivoli, Michael, Luceum, Beethoven, and Moore. I omitted Alla (busy street), the less-than-50'-wide lots (some are 25' and 40'), and the Culver City lots on the east side of Moore. Which left these three from last Sunday's Mar Vista post, a good number from 2008, but only one that closed in 2007, despite tracking Mar Vista listings from the beginning of that year. I've added house square feet for comparison; lot sizes range from 4,950 to 5,500.

Conclusions? Maybe one could eyeball a price drop, but there aren't enough data points to really know.

(I used the dramatic photo from 3/6/08 of 4140 Sunnyside, even though it's not really low-end, because we just saw 4058 Lyceum. This photo may have gotten them a price record that will last some years!)

Address, bed/bath, current price (-% from orig.), orig.list date, sale date, sale price (-% from last list price), square feet

2009

4058 Lyceum, 3/1, $525K, 2/17/09, 4/2/09, $510K (-3%), 1,125
4220 Sunnyside, 2/1, $719K, 11/6/08, 1/5/09, $717K (-0%), 957
4053 Beethoven, 3/1.75, $739K, 2/4/09, 3/24/09, $775K (+5%), 1,483

2008

4146 Michael, 3/1.5, $679K (-9%), 8/22/08, 12/10/08, $679K, 1,260
4121 Michael, 2/1, $699K, 3/27/08, 5/20/08, $715K (+2%), 872
4041 Moore, 3/1, $699K (-4%), 2/28/08, 5/20/08, $686K (-2%), 998
4237 Tivoli, 3/1, $739K (-4%), 10/8/07, 2/26/08, $743K (+1%), 1,065
4210 Tivoli, 2/1, $799K (-6%), 10/8/07, 2/28/08, $765K (-4%), 1,142
4150 Michael, 2/2, $799K, 1/22/08, 3/7/08, $772K (-3%), 1,430
4140 Sunnyside (photo), 3/2.5, $1,000K (-5%), 1/7/08, 3/14/08, $990K (-1%), 1,208

2007

4131 Michael, 2/1, $774K, 2/22/07, 4/10/07, $755K (-2%), 808