July 2011 Inventory, June Sales

Told you I've been keeping my Westside MLS Inventory counts going. Here are numbers for Santa Monica and the greater Westside through July, 2011. In short, mid-2011 is looking a lot like mid-2010. Reduced inventory over $3M may reflect houses falling below that price threshold.

Here are Sold listings for Santa Monica, showing a decline compared with 2010 the last couple of months after a fast start. (To spend less time on this, I've stopped keeping individual listing records for Santa Monica, and these sold listing are concluded.)

All Westside

                 1/28     4/2    5/28    7/30
                     2/26    4/30     7/1     

Bel Air-Holmby H. 113 118 114 115 124 119 131
Beverly Ctr.-M.M.  63  71  70  74  79  78  82
Beverly Hills      96 103 104 115 118 118 117
B.Hills P.O.      119 131 123 130 134 130 134
Beverlywood Vic.   43  53  62  54  63  57  65
Brentwood          89  95  97 101 106 109 107
Cheviot-R.Park '8' 26  23  24  24  32  41  36
Culver City        37  44  49  52  56  65  57
Malibu            202 212 229 244 252 240 242
Malibu Beach       82  85  84  89  94 100  98
Marina Del Rey     20  25  30  30  31  32  25
Pacific Palisades 108 101  98 123 135 138 132
Palms-Mar Vista    64  66  61  75  80  93  95
Playa Del Rey      17  16  20  23  23  17  21
Playa Vista         2   3   2   3   5   4   4
Santa Monica       71  78  74  77  74  81  87
Sunset-Hwd.Hills  229 232 230 232 220 222 236
Topanga            63  65  60  66  71  64  64
Venice             77  82  78  84  91  86  82
W.Hollywood Vic.   36  37  40  41  47  48  50
West L.A.          42  61  38  47  61  39  32
Westchester        60  71  65  56  63  61  71
Westwood-Cent.City 36  30  45  53  54  53  54
___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ 

2011 Totals      1695    1797    2013    2109
                     1802    1908    1995
2010 Totals      1585    1745    1998    2129    2094    1831    
                     1691    1910    2038    2064    2062    1509
2009 Totals      2027    2281    2196    2233    2034    1827 
                     2205    2262    2160    2133    1979    1486 
2008 Totals      1509    1694    1917    2019    2006    2128 
                     1524    1846    1974    1942    2085    1822 
2007 Totals      1282    1274    1457    1522    1671    1600 
                     1308    1377    1483    1551    1731    1329 

See 2007, 2008, 2009, and 2010 monthly totals. Santa Monica here omits Santa Monica Canyon (in City of Los Angeles but S.M. Post Office).

S&P/Case-Shiller (May) and DataQuick (June)

Catching up ... the May 2011 S&P/Case-Shiller, although a slight uptick for the month, essentially continues the secondary peak and decline in both Los Angeles and the 10-city Composite, now down 38.3% from its September 2006 peak, at October 2003 levels. The national (orange line, their original 10-city Composite) index is down 32.1% from its peak in June 2006. The Low, Middle, and High tiers are also graphed. The left column on the chart is peak to bottom; the right is peak to current month.

The DataQuick numbers for June also show an overall downtrend for three of the four counties. Los Angeles County's median was at $318K, down 42.2% from its peak in August 2007. That left Los Angeles County at June 2003, Orange County prices at November 2003, Ventura County at March 2003, and San Diego County at July 2002.

Finally, here is the updated Los Angeles Case-Shiller index scaled with the Los Angeles DataQuick median price history (normalized Case-Shiller's January 2000 = 100). The Case-Shiller data is a month older and a three-month average.