tag:blogger.com,1999:blog-29839447787202436872024-03-05T10:35:24.800-08:00Westside BubbleTracking the real estate bubble on the Westside of Los Angeles, especially in Santa Monica ... available housing inventory, highlights/lowlights, and the larger economy. <br> <br>
Obligatory Disclaimer: I do my best to accurately report publicly-available data, but take no responsibility for what you do with it! <br>
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Contact westsidebubble {at} gmail {dot} com .Westside Bubblehttp://www.blogger.com/profile/03383559105050069002noreply@blogger.comBlogger673125tag:blogger.com,1999:blog-2983944778720243687.post-78341283321204027662014-05-11T16:26:00.004-07:002014-05-11T16:42:51.665-07:00Spring 2014 Inventory<div class="separator" style="clear: both;">
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Sorry for the long silence. If you're following the Westside real estate market you know the story: very tight inventory and multiple offers above asking price on those properties that become available. I'm continuing to record inventory data to track the longer-term picture. So far this year looks a whole lot like last year. (New: click on images to enlarge)<br />
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Westside Bubblehttp://www.blogger.com/profile/03383559105050069002noreply@blogger.com0tag:blogger.com,1999:blog-2983944778720243687.post-78167165789549683892013-03-31T22:59:00.003-07:002013-03-31T22:59:39.335-07:001Q 2013 Inventory<div class="separator" style="clear: both; text-align: left;">
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The story of extremely low inventory continued on the Westside for the first quarter of 2012 for Santa Monica less than $3 million and the Westside in general (<span style="color: blue;"><strong>blue bars</strong></span>).</div>
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<br />Westside Bubblehttp://www.blogger.com/profile/03383559105050069002noreply@blogger.com0tag:blogger.com,1999:blog-2983944778720243687.post-46020791323620670942013-01-27T15:13:00.000-08:002013-01-27T15:13:01.042-08:002012 Inventory wrap-up<div class="separator" style="clear: both; text-align: center;">
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The big story for 2012 was <strong>much lower MLS inventory numbers</strong> throughout the year, for both Santa Monica less than $3 million and the Westside in general (the <strong><span style="color: #e69138;">orange</span></strong> bars). Anecdotally desirable houses are selling very quickly, an expected result of low inventory and searching buyers.</div>
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We'll see if the trend continues in 2013. Will potential sellers allegedly waiting for a better market finally list? What about remaining foreclosures?</div>
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<strong>All Westside</strong> <br />
<pre><span style="font-family: courier new;"><strong> 1/29/12 3/30 6/1 7/27 9/28 11/30
3/2 4/29 6/29 8/31 11/2 12/28 </strong>
Bel Air-Holmby H. 99 94 96 90 100 107 103 99 104 100 92 79
Beverly Ctr.-M.M. 51 44 47 44 49 49 48 40 30 29 36 26
Beverly Hills 85 82 89 98 98 100 107 97 83 76 67 58
B.Hills P.O. 107 96 98 95 97 101 100 90 86 89 75 68
Beverlywood Vic. 51 44 38 44 43 40 39 34 34 30 22 21
Brentwood 87 94 92 104 104 83 85 75 85 67 66 48
Cheviot-R.Park '8' 19 14 16 22 19 19 21 17 11 4 6 5
Culver City 31 29 36 37 37 42 34 42 39 30 18 16
Malibu 174 198 191 189 192 186 180 164 155 137 139 122
Malibu Beach 82 77 71 71 74 85 83 83 74 67 67 57
Marina Del Rey 17 22 19 24 20 12 16 13 10 10 8 7
Pacific Palisades 89 94 89 96 114 111 107 90 101 76 66 54
Palms-Mar Vista 66 61 53 56 46 43 53 41 45 34 35 21
Playa Del Rey 19 23 16 14 10 13 11 8 10 10 11 7
Playa Vista 1 2 3 4 5 2 2 2 2 1 0 0
Santa Monica 55 57 56 61 61 66 54 49 51 41 42 27
Sunset-Hwd.Hills 192 188 188 203 213 212 209 183 189 186 162 126
Topanga 48 53 53 51 50 52 46 42 42 36 35 29
Venice 60 69 57 67 59 59 53 37 50 39 37 30
W.Hollywood Vic. 28 26 32 35 35 33 30 35 22 23 21 17
West L.A. 33 31 31 27 25 20 23 13 22 19 18 10
Westchester 45 38 33 45 44 39 46 36 23 27 26 22
Westwood-Cent.City 39 43 41 44 46 36 42 30 30 23 20 10
___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ </span>
<span style="font-family: courier new;"><strong>
2012 Totals 1478 1445 1541 1492 1298 1069
1479 1521 1510 1320 1154 860
2011 Totals 1695 1797 2013 2022 1921 1648
1802 1908 1995 1896 1821 1397
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 </strong></span></pre>
<img alt="" border="0" id="BLOGGER_PHOTO_ID_5099883981408930146" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhmRBjmOm1koe2CFvLjjBAMfrh7_bmmBrnX-pgzTj_Z_rbEyYfcvso8JKypSShAuCPPxTt2H-KN8DnGjyWNCAo1MeNDkra0cquPI3qVRe2HNpGt5CbN8klaOmbmkZ-NaiW0BWkRZY45KVY/s320/map.gif" style="display: block; margin: 0px auto 10px; text-align: center;" /> See <a href="http://westside-bubble.blogspot.com/2007/12/year-end-inventory-update.html">2007</a>, <a href="http://westside-bubble.blogspot.com/2009/01/2009-wrap-up.html">2008</a>, <a href="http://westside-bubble.blogspot.com/2010/01/2009-inventory-wrap-up.html">2009</a>, <a href="http://westside-bubble.blogspot.com/2011/02/january-2011-inventory-sold.html">2010</a>, and <a href="http://westside-bubble.blogspot.com/2011/12/december-2011-inventory.html" target="_blank">2011</a> monthly totals. Santa Monica here omits Santa Monica Canyon (in City of Los Angeles but S.M. Post Office).Westside Bubblehttp://www.blogger.com/profile/03383559105050069002noreply@blogger.com3tag:blogger.com,1999:blog-2983944778720243687.post-83632212039412357852012-11-23T19:31:00.001-08:002012-11-23T19:31:09.313-08:00Calculated Risk interview<div class="separator" style="clear: both; text-align: center;">
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Nice interview with Calculated Risk's Bill McBride on <a href="http://www.businessinsider.com/bill-mcbride-of-calculated-risk-2012-11" target="_blank">Business Insider</a> (h/t <a href="http://krugman.blogs.nytimes.com/2012/11/21/all-hail-calculated-risk/" target="_blank">Paul Krugman</a>). CR/Bill was an icon to a lot of us back when (you know you were one if you recoginze his original masthead, above!).<br />
<blockquote class="tr_bq">
<strong>JW: Are you surprised at the institution that Calculated Risk has become? Did you think you’d be going strong 7 years later?<br /></strong>BM: It’ll be 8 years in January. I didn’t even know what a blog was. I’m going to start one and figure out what it is, and I’m going to write about housing, because that’s what I’m most concerned about. …What happens is it just got more and more interesting, the truth is I’m always interested in the economy</blockquote>
I'm still tracking Westside inventory monthly, just haven't gotten around to posting it. I'll do a year-end summary for 2012. The short summary is, significantly lower inventory than previous years.<br />
<br />Westside Bubblehttp://www.blogger.com/profile/03383559105050069002noreply@blogger.com0tag:blogger.com,1999:blog-2983944778720243687.post-71152531447136713712012-01-03T14:06:00.000-08:002012-01-03T14:09:23.334-08:00Krugman: Obama, Romney, Jobs<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjoDWh_8iDz8BANBni5NO6ewCAKo-9yfDwHf8Qa4jv7hgFcXrofOtAGaWUBrVSD9ayNiEYka2vcz2x7cj0Q5k2JSPUHsOH7K0PpLfykXw22lqIrupyxdiFujpH02ze1Dk0KXujpg5-7K7K1/s1600/010312krugman1-blog480.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjoDWh_8iDz8BANBni5NO6ewCAKo-9yfDwHf8Qa4jv7hgFcXrofOtAGaWUBrVSD9ayNiEYka2vcz2x7cj0Q5k2JSPUHsOH7K0PpLfykXw22lqIrupyxdiFujpH02ze1Dk0KXujpg5-7K7K1/s1600/010312krugman1-blog480.jpg" /></a></div><a href="http://krugman.blogs.nytimes.com/2012/01/03/obama-romney-jobs/">Paul Krugman posted this chart today</a> that really says it all. <blockquote>Greg Sargent is rightly outraged by Romney’s claim that Obama is a job destroyer ... Does this look to you like a president who “lost jobs”, or like a president who inherited an economy in free fall? You can accuse Obama of not doing enough to promote recovery — and I have (although the biggest villain here was Romney’s own party). But to claim that Obama caused the job loss is indefensible. </blockquote>(There's so much to say in this election year, I think you're going to be hearing rather more from me.)Westside Bubblehttp://www.blogger.com/profile/03383559105050069002noreply@blogger.com4tag:blogger.com,1999:blog-2983944778720243687.post-15405792459383657622012-01-01T14:08:00.000-08:002012-01-01T18:29:06.959-08:00Low-end 90402 and 90405 sales in 2011<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEizjtW0x4HhfstQkGGwPIHY7e-x6LD75W5K4qZnlQUAYdaYV7toZ3a7D8UbICW0_JuE7ISvngMrkHsNqbXeyViACxbx9yRLKr9ZXnHu5XNo3pVYVan1KIVJf4IVMguZ7NltYCaxOHAndgD8/s1600/redfin-sales-1750K-90402.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEizjtW0x4HhfstQkGGwPIHY7e-x6LD75W5K4qZnlQUAYdaYV7toZ3a7D8UbICW0_JuE7ISvngMrkHsNqbXeyViACxbx9yRLKr9ZXnHu5XNo3pVYVan1KIVJf4IVMguZ7NltYCaxOHAndgD8/s1600/redfin-sales-1750K-90402.jpg" /></a></div><br />
Ah, <a href="http://www.redfin.com">Redfin</a>. I used to manually track and report listings and subsequent sales for Santa Monica <a href="http://www.blogger.com/bubble.blogspot.com/2010/03/90402-sales-sep-feb.html">90402</a> and <a href="http://westside-bubble.blogspot.com/2010/02/sunset-park-90405-sales-sep-feb.html">90405</a>. Now it's as simple as putting a zipcode into Redfin, selecting sales within the last year, and sorting by price.<br />
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So here are the <b>2011 sale prices to $1.75M in 90402</b> on the regular streets (omitting busy 7th, 26th, and San Vicente). Conclusion is there's little low-end, and it's <b>continued to hold between $1.6M and $1.7M</b> since the crash.<br />
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<i>Address, bed/bath, <b>sale price</b></i> <br />
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210 21st Pl., 2/2, <b>$1,625K</b><br />
620 17th St., 2/1.75, <b>$1,650K</b><br />
533 10th St., 3/2, <b>$1,692K</b><br />
828 Georgina Ave., 3/2, <b>$1,693K</b><br />
220 12th St., 2/1.5, <b>$1,700K</b><br />
434 17th St., 3/2, <b>$1,725K</b><br />
620 15th St., 3/2, <b>$1,730K</b><br />
445 18th St., 3/2, <b>$1,747K</b><br />
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And here are <b>2011 sale prices to $900K in 90405 Sunset Park</b>, omitting busy streets (Ocean Park, Pearl, Marine, 11th, 14th, 17th, Cloverfield, 23rd), 40-foot-wide lots, and airport-adjacent.<br />
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Here I'm seeing a <b>continuing price decline, with quite a few sales below $800K</b>, in contrast to even <a href="http://westside-bubble.blogspot.com/2010/02/sunset-park-90405-sales-sep-feb.html">two years ago</a>, let alone peak <a href="http://westside-bubble.blogspot.com/2008/08/ashland-hill-prices.html">Ashland and Hill sales prices 2005-2008</a> well over $1M, and <a href="http://westside-bubble.blogspot.com/2007/04/hill-street.html">Hill Street back to 2004</a>. <br />
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1514 Maple St., 2/2, <b>$675K</b><br />
1337 Grant St., 2/1, <b>$675K</b><br />
1741 Cedar St., 3/1, <b>$730K</b><br />
2345 21st St., 4/3, <b>$750K</b><br />
2025 Ashland Ave., 3/2.5, <b>$770K</b><br />
2940 16th St., 3/2, <b>$775K</b><br />
1109 Maple St., 2/1, <b>$798K</b><br />
1114 Maple St., 3/1.75, <b>$814K</b><br />
2315 27th St., 2/1, <b>$825K</b><br />
2417 18th St., 4/2, <b>$849K</b><br />
1044 Maple St., 3/3, <b>$873K</b><br />
1808 Ashland Ave., 3/1, <b>$875K</b><br />
2216 Pier Ave., 4/2.5, <b>$880K</b><br />
2255 22nd St., 2/1, <b>$900K</b>Westside Bubblehttp://www.blogger.com/profile/03383559105050069002noreply@blogger.com1tag:blogger.com,1999:blog-2983944778720243687.post-55159529887257422502011-12-30T22:33:00.000-08:002011-12-30T22:34:15.946-08:00S&P/Case-Shiller (October) and DataQuick (November)<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgobYvuLo_p66-JjtMyuZNEL9wXLM546I95iC5kA_dPyp8NQ7KfghCIDDlOrB7I2wGcf9cJHxLMRx95aZrbFDXtEQYXj8cy1cUNsLremqMLo7HHU4B9FNoSJwLpD9axSjVAqTEV2fLcKDK5/s1600/10-cs.gif" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgobYvuLo_p66-JjtMyuZNEL9wXLM546I95iC5kA_dPyp8NQ7KfghCIDDlOrB7I2wGcf9cJHxLMRx95aZrbFDXtEQYXj8cy1cUNsLremqMLo7HHU4B9FNoSJwLpD9axSjVAqTEV2fLcKDK5/s1600/10-cs.gif" /></a></div><div class="separator" style="clear: both; text-align: center;"></div>Completing statistics for the end of 2011, the October <a href="http://www.standardandpoors.com/indices/sp-case-shiller-home-price-indices/en/us/?indexId=spusa-cashpidff--p-us----">S&P/Case-Shiller</a>, is <strong>continuing down</strong> in both Los Angeles and the 10-city Composite. Los Angeles is <span style="color: #000066;"><strong>down 39.6%</strong></span> from its September 2006 peak, at <strong>September 2003 </strong>levels. The <strong><span style="color: #ff9900;">national</span></strong> (orange line, their original 10-city Composite) index is <strong><span style="color: #ff9900;">down 31.9%</span></strong> from its peak in June 2006. The <strong><span style="color: #00cccc;">Low</span></strong>, <strong>Middle</strong>, and <strong><span style="color: #3333ff;">High</span></strong> tiers are also graphed. The left column on the chart is peak to bottom; the right is peak to current month.<br />
<br />
<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgDPtWyFQsRalfbSBx3tg_L5QuepbLcAxgXg-H-bDJE3fWyq_SBzvUecl6kcfS7S9gpvfxOoxtbVhxL_OIdu5VQw5URAl8T81SoDH5vYKXwGBrp-iJHhyfzkpxPrtCYobCC0LL3O_H06jg7/s1600/10-dqla.gif" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgDPtWyFQsRalfbSBx3tg_L5QuepbLcAxgXg-H-bDJE3fWyq_SBzvUecl6kcfS7S9gpvfxOoxtbVhxL_OIdu5VQw5URAl8T81SoDH5vYKXwGBrp-iJHhyfzkpxPrtCYobCC0LL3O_H06jg7/s1600/10-dqla.gif" /></a></div><div class="separator" style="clear: both; text-align: center;"></div>The <a href="http://www.dqnews.com/">DataQuick</a> numbers for November also show an overall downtrend. Los Angeles County's median was at <strong>$308K</strong>, <strong><span style="color: red;">down 424.0%</span></strong> from its <strong>peak in August 2007</strong>. That left <strong><span style="color: red;">Los Angeles County</span></strong> at <strong>May 2003</strong>, <strong><span style="color: #ff6600;">Orange County</span></strong> prices at <strong>April 2003</strong>, <strong><span style="color: #33cc00;">Ventura County</span></strong> at <strong>February 2003</strong>, and <strong><span style="color: #3333ff;">San Diego County</span></strong> at <strong>May 2002</strong>.<br />
<br />
<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhyBkPLWV86JhIy6bpDnZG5w_yP5FrJUW1Nq6-Ui-gyPx44h2qRQiX3OrSsxpVbkgtu1mJKVBKaj3I1gDptcZhVQsQGWrBV-RA0CvwZOgG7o6uhhEJVmWn-zvvEGzWosV2FuH3ew8-pzuiU/s1600/10-dqsc.gif" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhyBkPLWV86JhIy6bpDnZG5w_yP5FrJUW1Nq6-Ui-gyPx44h2qRQiX3OrSsxpVbkgtu1mJKVBKaj3I1gDptcZhVQsQGWrBV-RA0CvwZOgG7o6uhhEJVmWn-zvvEGzWosV2FuH3ew8-pzuiU/s1600/10-dqsc.gif" /></a></div><div class="separator" style="clear: both; text-align: center;"></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgEey3Uket123tRP9fG01HV7mhgbyUEdhlU0Pd-LqJ4AyMBLy-lEutMGTmfVntoX6KusKNEqsp8CsFNveMOZY36o3RCcJT7iBQ2OA25corAoqaRNivzZ_ByBSBlhDyAYqfspQtWE1lESVjY/s1600/10-cs-dq.gif" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgEey3Uket123tRP9fG01HV7mhgbyUEdhlU0Pd-LqJ4AyMBLy-lEutMGTmfVntoX6KusKNEqsp8CsFNveMOZY36o3RCcJT7iBQ2OA25corAoqaRNivzZ_ByBSBlhDyAYqfspQtWE1lESVjY/s1600/10-cs-dq.gif" /></a></div><div class="separator" style="clear: both; text-align: center;"></div>Finally, here is the updated Los Angeles <strong><span style="color: #000099;">Case-Shiller</span></strong> index scaled with the Los Angeles <strong><span style="color: #ff6600;">DataQuick</span></strong> median price history (normalized Case-Shiller's January 2000 = 100). The Case-Shiller data is a month older and a three-month average.Westside Bubblehttp://www.blogger.com/profile/03383559105050069002noreply@blogger.com0tag:blogger.com,1999:blog-2983944778720243687.post-30890831340907126352011-12-30T22:11:00.000-08:002011-12-30T22:39:07.323-08:00December 2011 Inventory<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjdiG4xSIvIVSPi5fYBiEmQR-cUAUTzTNFRSrykfEmJtpem9O0k1ZuCJc57e6EnkrynvDH4KgArn9pII-13oCBgU3iMExpz5LhpmMJlrVb4cYxTQYyUf11-awULhVFIaqAOIoFj10bxxU53/s1600/10-sminvl3.gif" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjdiG4xSIvIVSPi5fYBiEmQR-cUAUTzTNFRSrykfEmJtpem9O0k1ZuCJc57e6EnkrynvDH4KgArn9pII-13oCBgU3iMExpz5LhpmMJlrVb4cYxTQYyUf11-awULhVFIaqAOIoFj10bxxU53/s1600/10-sminvl3.gif" /></a></div><div class="separator" style="clear: both; text-align: left;">Wrapping up 2011, here are year-end MLS inventory numbers for Santa Monica and the greater Westside. In general they're running a bit below the last two years for the second half of 2011, except for Santa Monica over $3 million. See older posts for Santa Monica new listings and sales. </div><div class="separator" style="clear: both; text-align: left;"><br />
</div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjAH0d1PIlrQOZ6Z3B19ym5pyY_ry0jQk4h50xoL2GdOe9FiK0tWf0YXmhyes6Wg1nKgz0h3cbIVb4QGoisXYawfXHaM6u89ly1E8B-zqt7NoN2P1umfEdqtUpw2Vih0JjR4X2Upgt5z1xM/s1600/10-sminvg3.gif" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjAH0d1PIlrQOZ6Z3B19ym5pyY_ry0jQk4h50xoL2GdOe9FiK0tWf0YXmhyes6Wg1nKgz0h3cbIVb4QGoisXYawfXHaM6u89ly1E8B-zqt7NoN2P1umfEdqtUpw2Vih0JjR4X2Upgt5z1xM/s1600/10-sminvg3.gif" /></a></div><div class="separator" style="clear: both; text-align: center;"></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgcekSD1W5ojrkiLp8e8T9wIKPUt14H8Az1IArZbjDuSCC4F0_UPNf3xAG4kpWERJyef35UVwNxafMgbk88YF-K9av6GmCmpqBD6JaBh7-b7o4Aek8MrumOR_2_jmQ3ZDgAVUd2wMDXMUea/s1600/10-wsinv.gif" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgcekSD1W5ojrkiLp8e8T9wIKPUt14H8Az1IArZbjDuSCC4F0_UPNf3xAG4kpWERJyef35UVwNxafMgbk88YF-K9av6GmCmpqBD6JaBh7-b7o4Aek8MrumOR_2_jmQ3ZDgAVUd2wMDXMUea/s1600/10-wsinv.gif" /></a></div><div class="separator" style="clear: both; text-align: center;"><br />
</div><strong>All Westside</strong> <br />
<pre><span style="font-family: courier new;"><strong> 1/28/11 4/2 5/28 7/30 9/30 12/2
2/26 4/30 7/1 9/9 10/28 12/30 </strong>
Bel Air-Holmby H. 113 118 114 115 124 119 131 122 127 121 104 91
Beverly Ctr.-M.M. 63 71 70 74 79 78 82 66 59 45 54 42
Beverly Hills 96 103 104 115 118 118 117 106 100 83 85 77
B.Hills P.O. 119 131 123 130 134 130 134 139 133 138 129 107
Beverlywood Vic. 43 53 62 54 63 57 65 63 69 63 58 48
Brentwood 89 95 97 101 106 109 107 109 115 104 102 85
Cheviot-R.Park '8' 26 23 24 24 32 41 36 28 25 22 20 17
Culver City 37 44 49 52 56 65 57 55 44 44 40 34
Malibu 202 212 229 244 252 240 242 218 214 213 188 171
Malibu Beach 82 85 84 89 94 100 98 98 99 96 89 79
Marina Del Rey 20 25 30 30 31 32 25 27 26 23 17 15
Pacific Palisades 108 101 98 123 135 138 132 110 120 115 93 75
Palms-Mar Vista 64 66 61 75 80 93 95 101 90 85 78 65
Playa Del Rey 17 16 20 23 23 17 21 20 19 21 18 13
Playa Vista 2 3 2 3 5 4 4 1 1 2 1 1
Santa Monica 71 78 74 77 74 81 87 74 76 74 64 50
Sunset-Hwd.Hills 229 232 230 232 220 222 236 220 237 234 215 185
Topanga 63 65 60 66 71 64 64 66 70 72 64 56
Venice 77 82 78 84 91 86 82 80 75 69 67 58
W.Hollywood Vic. 36 37 40 41 47 48 50 47 52 47 40 36
West L.A. 42 61 38 47 61 39 32 29 37 29 28 24
Westchester 60 71 65 56 63 61 71 72 82 68 57 46
Westwood-Cent.City 36 30 45 53 54 53 54 45 51 53 37 22
___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ </span>
<span style="font-family: courier new;"><strong>
2011 Totals 1695 1797 2013 2022 1921 1648
1802 1908 1995 1896 1821 1397
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 </strong></span></pre><img alt="" border="0" id="BLOGGER_PHOTO_ID_5099883981408930146" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhmRBjmOm1koe2CFvLjjBAMfrh7_bmmBrnX-pgzTj_Z_rbEyYfcvso8JKypSShAuCPPxTt2H-KN8DnGjyWNCAo1MeNDkra0cquPI3qVRe2HNpGt5CbN8klaOmbmkZ-NaiW0BWkRZY45KVY/s320/map.gif" style="display: block; margin: 0px auto 10px; text-align: center;" /> See <a href="http://westside-bubble.blogspot.com/2007/12/year-end-inventory-update.html">2007</a>, <a href="http://westside-bubble.blogspot.com/2009/01/2009-wrap-up.html">2008</a>, <a href="http://westside-bubble.blogspot.com/2010/01/2009-inventory-wrap-up.html">2009</a>, and <a href="http://westside-bubble.blogspot.com/2011/02/january-2011-inventory-sold.html">2010</a> monthly totals. Santa Monica here omits Santa Monica Canyon (in City of Los Angeles but S.M. Post Office).Westside Bubblehttp://www.blogger.com/profile/03383559105050069002noreply@blogger.com0tag:blogger.com,1999:blog-2983944778720243687.post-345321316486799082011-12-27T00:26:00.000-08:002011-12-27T00:26:28.483-08:00"Someone else's responsibility"The lead story in the LA Times today, "<a href="http://www.latimes.com/news/nationworld/nation/la-na-obama-economy-20111226,0,3267719.story">Obama shifts his message on economy</a>", featured this quote on the inside page: <blockquote>In a Wall Street Journal column Thursday, <b>Karl Rove</b>, the former chief strategist to President George W. Bush, publicly pushed that line of attack as he <b>accused Obama of "pretending the past three years are someone else's responsibility</b>." </blockquote>As if the economic debacle wasn't George W. Bush's responsibility?!Westside Bubblehttp://www.blogger.com/profile/03383559105050069002noreply@blogger.com5tag:blogger.com,1999:blog-2983944778720243687.post-60219712404948443272011-12-18T22:51:00.000-08:002011-12-27T00:27:13.885-08:00The next bubble?I'm certainly not the first to fear that policies in the aftermath of this bubble will create another one. Today's LA Times "<a href="http://www.latimes.com/business/realestate/la-fi-harney-20111218,0,7063022.story" target="_blank">Conditions are ripe for reprise of real estate schemes and fraud</a>" (Kenneth R. Harney, Washington Post Writers Group) documents it's heading that way. <blockquote>Could today's seductive conditions in the housing market — severely marked-down prices, record low interest rates and hundreds of thousands of foreclosures waiting to be resold — be breeding new generations of the very practices that led to the crash?<br />
<br />
In an ironic twist, there are signs that the wreckage left over from the housing bust may be reigniting dubious real estate schemes and fraud. According to researchers: <br />
<br />
• Property flippers are back in action in places like south Florida and Las Vegas ...<br />
<br />
• So-called floppers are defrauding banks by hijacking short sales at prices below what legitimate buyers are willing to pay. ...<br />
<br />
• Creative "credit enhancement" companies are "renting" investors the bank account balances they need to demonstrate to lenders that they have the financial wherewithal to qualify for a mortgage. ...<br />
<br />
• Investors are hoodwinking lenders into giving them low down payments and rock-bottom interest rates by lying about their intentions to occupy the property they plan to buy as a principal residence. ... </blockquote>How about some timely enforcement this time?<br />
<br />
Added: "<a href="http://dyn.politico.com/printstory.cfm?uuid=656C8EEB-CE79-4C81-BC5D-73F207202B43">Treat foreclosure as a crime scene</a>" in PoliticoWestside Bubblehttp://www.blogger.com/profile/03383559105050069002noreply@blogger.com0tag:blogger.com,1999:blog-2983944778720243687.post-74755822636817532312011-12-10T13:27:00.000-08:002011-12-10T13:27:52.593-08:00Nevada gets toughRemember the calls for prosecution of those who caused the housing bubble and crash? Especially Keith on the late, great <a href="http://housingpanic.blogspot.com/" target="_blank">Housing Panic blog</a> calling for "perp walks"?<br />
<br />
It's <em>finally</em> happening in Nevada according to today's <a href="http://www.latimes.com/business/realestate/la-fi-nevada-foreclosure-20111210,0,5514369.story" target="_blank">LA Times</a>. <br />
<blockquote> Assembly Bill 284, which took effect in October,<b> </b>requires those foreclosing on a home to file an affidavit proving they have the right to bring the action — and it increases civil and criminal penalties for using fraudulent documents in a foreclosure.<br />
...<br />
<br />
A Clark County grand jury in November indicted two Southern California title officers on a combined 606 felony and misdemeanor counts, alleging the two headed a vast "robo-signing" operation in which tens of thousands of foreclosure documents were fraudulently filed in the Las Vegas area. </blockquote>Yes, I'm still following the long bursting of the bubble, and have to think the then-new blogosphere will be a central part of documenting its history.Westside Bubblehttp://www.blogger.com/profile/03383559105050069002noreply@blogger.com1tag:blogger.com,1999:blog-2983944778720243687.post-78531109048496194442011-11-19T11:00:00.000-08:002011-11-19T11:00:49.717-08:00Over half yet to go...The LA Times yesterday supported our expectation that the unwind of the housing bubble still has a long way to go. Under the upbeat title "<a href="http://www.latimes.com/business/la-fi-mortgage-delinquencies-20111118,0,4064492.story" target="_blank">Fewer loans going bad</a>" the opening paragraphs say it: <br />
<blockquote> Fewer home loans are in trouble these days, but despite some improvements, <strong>the nation is not even halfway through cleaning up the foreclosure mess</strong>, industry experts said.<br />
<br />
<strong>It could take three or four years to return to a typical pattern of delinquencies and foreclosures,</strong> the Mortgage Bankers Assn. said in releasing its quarterly delinquency report Thursday. ...<br />
<br />
But the Center for Responsible Lending, a nonpartisan advocacy group that accurately predicted a foreclosure tidal wave in 2006, issued its own assessment Thursday: <strong>2.7 million American households had lost their homes as of February</strong>, with an even greater number to come.<br />
<br />
The advocacy group, which analyzed 27 million home loans made from 2004 through 2008, <strong>estimated that an additional 3.6 million mortgages were in foreclosure or likely to fail</strong>. </blockquote>Westside Bubblehttp://www.blogger.com/profile/03383559105050069002noreply@blogger.com2tag:blogger.com,1999:blog-2983944778720243687.post-75225394258181275332011-07-30T23:03:00.000-07:002011-08-02T19:21:28.035-07:00July 2011 Inventory, June Sales<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh5c0HKwgdL-yqqp4R0KIJjKJvkiSTp0VmWvKmxJqSy7hF5oYLijjvV3Ih9EghtkQShjvJ16xrMGONq8bIBIN6SLTOcGaPx2lO4WmHSUyzsr-yDe5tI5KqpWHTpcrCwmDDfwXHXsPpqQd9x/s1600/10-sminvl3.gif" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh5c0HKwgdL-yqqp4R0KIJjKJvkiSTp0VmWvKmxJqSy7hF5oYLijjvV3Ih9EghtkQShjvJ16xrMGONq8bIBIN6SLTOcGaPx2lO4WmHSUyzsr-yDe5tI5KqpWHTpcrCwmDDfwXHXsPpqQd9x/s1600/10-sminvl3.gif" /></a></div>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.<br />
<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhYCX7blpdmlLZ8VbJgXsu87YDtZIu89NqzY_zeacCu37qUhwP5NkiyX6DnFgpaXGT0S9-qUTyE-GWBYJD_6iqMZs75N8asQmaS5M17jgw_uXgaQImXCxWgdxLnxvbTdsO4Rbfsc7MnxN4W/s1600/10-sminvg3.gif" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhYCX7blpdmlLZ8VbJgXsu87YDtZIu89NqzY_zeacCu37qUhwP5NkiyX6DnFgpaXGT0S9-qUTyE-GWBYJD_6iqMZs75N8asQmaS5M17jgw_uXgaQImXCxWgdxLnxvbTdsO4Rbfsc7MnxN4W/s1600/10-sminvg3.gif" /></a></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgsij8il6OwBvXpLmGV23ZSj1THGHXG2eTWJRwUggfhkz_M0ehxokO979l9cn3UUWxX72HM2V-TXHP7VavKTR3e5IIvmRgQktwsDzd96Cklp83lFQNoVglpGDawDxD7r96Zga-Uzm7YlXC0/s1600/10-wsinv.gif" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgsij8il6OwBvXpLmGV23ZSj1THGHXG2eTWJRwUggfhkz_M0ehxokO979l9cn3UUWxX72HM2V-TXHP7VavKTR3e5IIvmRgQktwsDzd96Cklp83lFQNoVglpGDawDxD7r96Zga-Uzm7YlXC0/s1600/10-wsinv.gif" /></a></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiltMW2D1RWenKhTje1_s16QVwH5vjmRN7wIGjo_sW13vMGTYWBvMDHcY-kGKp2AD0623ue8RgKyVJ4_8pTc0_Rgdpdaf4MUK_KyYZv7nEcNm9XMHOM48pCzxRLs0aBU_HshAYd_MI-PE2P/s1600/10-smsoldl3.gif" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiltMW2D1RWenKhTje1_s16QVwH5vjmRN7wIGjo_sW13vMGTYWBvMDHcY-kGKp2AD0623ue8RgKyVJ4_8pTc0_Rgdpdaf4MUK_KyYZv7nEcNm9XMHOM48pCzxRLs0aBU_HshAYd_MI-PE2P/s1600/10-smsoldl3.gif" /></a></div><div class="separator" style="clear: both; text-align: center;"></div>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.) <br />
<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiteNoj6YzqEFERQADq5WksuMPE7z6EX3ofWzDBGBNhEgBBOIVc89oXigpiuEDfA0zC4a8NVBiO03P9IL8GyxNoYZy4HyVtSunlc-KuG6CboqpLBDvtySfj5axOQVG3NGE0jQGRDJRE7NpB/s1600/10-smsoldg3.gif" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiteNoj6YzqEFERQADq5WksuMPE7z6EX3ofWzDBGBNhEgBBOIVc89oXigpiuEDfA0zC4a8NVBiO03P9IL8GyxNoYZy4HyVtSunlc-KuG6CboqpLBDvtySfj5axOQVG3NGE0jQGRDJRE7NpB/s1600/10-smsoldg3.gif" /></a></div><div class="separator" style="clear: both; text-align: center;"></div><strong>All Westside</strong> <br />
<pre><span style="font-family: courier new;"><strong> 1/28 4/2 5/28 7/30
2/26 4/30 7/1 </strong>
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
___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ </span>
<span style="font-family: courier new;"><strong>
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 </strong></span></pre><img alt="" border="0" id="BLOGGER_PHOTO_ID_5099883981408930146" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhmRBjmOm1koe2CFvLjjBAMfrh7_bmmBrnX-pgzTj_Z_rbEyYfcvso8JKypSShAuCPPxTt2H-KN8DnGjyWNCAo1MeNDkra0cquPI3qVRe2HNpGt5CbN8klaOmbmkZ-NaiW0BWkRZY45KVY/s320/map.gif" style="display: block; margin: 0px auto 10px; text-align: center;" /> See <a href="http://westside-bubble.blogspot.com/2007/12/year-end-inventory-update.html">2007</a>, <a href="http://westside-bubble.blogspot.com/2009/01/2009-wrap-up.html">2008</a>, <a href="http://westside-bubble.blogspot.com/2010/01/2009-inventory-wrap-up.html">2009</a>, and <a href="http://westside-bubble.blogspot.com/2011/02/january-2011-inventory-sold.html">2010</a> monthly totals. Santa Monica here omits Santa Monica Canyon (in City of Los Angeles but S.M. Post Office).Westside Bubblehttp://www.blogger.com/profile/03383559105050069002noreply@blogger.com0tag:blogger.com,1999:blog-2983944778720243687.post-79962660603167403842011-07-30T22:18:00.000-07:002011-07-30T22:18:42.615-07:00S&P/Case-Shiller (May) and DataQuick (June)<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjMDszU0_puHAESuCeGxwA0CAjeKTIYfUEyTha9tXNnngB7dCM9XoSX7GCmFCvAG8aRhmfQLfkag7usfAv9ZF9B6xkfTpy6PtHioEX1Sg_oUHv7BwxYL1ngd6ioF1SGJIITH-I23TMqGLee/s1600/10-cs.gif" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjMDszU0_puHAESuCeGxwA0CAjeKTIYfUEyTha9tXNnngB7dCM9XoSX7GCmFCvAG8aRhmfQLfkag7usfAv9ZF9B6xkfTpy6PtHioEX1Sg_oUHv7BwxYL1ngd6ioF1SGJIITH-I23TMqGLee/s1600/10-cs.gif" /></a></div>Catching up ... the May 2011 <a href="http://www.standardandpoors.com/indices/sp-case-shiller-home-price-indices/en/us/?indexId=spusa-cashpidff--p-us----">S&P/Case-Shiller</a>, although a slight uptick for the month, essentially continues the secondary <strong>peak and decline</strong> in both Los Angeles and the 10-city Composite, now <span style="color: #000066;"><strong>down 38.3%</strong></span> from its September 2006 peak, at <strong>October 2003 </strong>levels. The <strong><span style="color: #ff9900;">national</span></strong> (orange line, their original 10-city Composite) index is <strong><span style="color: #ff9900;">down 32.1%</span></strong> from its peak in June 2006. The <strong><span style="color: #00cccc;">Low</span></strong>, <strong>Middle</strong>, and <strong><span style="color: #3333ff;">High</span></strong> tiers are also graphed. The left column on the chart is peak to bottom; the right is peak to current month.<br />
<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjceRdTm_mtFvUh4OqOn-PiKQ-tnnws3lObOEFSdcDqYHhqpwB9Fdf9xGQePKZQLyDibndewdg7LfL8F9qkwlTOjq1ZjGbobcp-vv867Xz2E-UIb1u3O4hm4DUvxtiQ_sQUOU6MOT5Xizw-/s1600/10-dqla.gif" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjceRdTm_mtFvUh4OqOn-PiKQ-tnnws3lObOEFSdcDqYHhqpwB9Fdf9xGQePKZQLyDibndewdg7LfL8F9qkwlTOjq1ZjGbobcp-vv867Xz2E-UIb1u3O4hm4DUvxtiQ_sQUOU6MOT5Xizw-/s1600/10-dqla.gif" /></a></div>The <a href="http://www.dqnews.com/">DataQuick</a> numbers for June also show an overall downtrend for three of the four counties. Los Angeles County's median was at <strong>$318K</strong>, <strong><span style="color: red;">down 42.2%</span></strong> from its <strong>peak in August 2007</strong>. That left <strong><span style="color: red;">Los Angeles County</span></strong> at <strong>June 2003</strong>, <strong><span style="color: #ff6600;">Orange County</span></strong> prices at <strong>November 2003</strong>, <strong><span style="color: #33cc00;">Ventura County</span></strong> at <strong>March 2003</strong>, and <strong><span style="color: #3333ff;">San Diego County</span></strong> at <strong>July 2002</strong>.<br />
<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgiz6Qb1TJViGS-l4LvfmDO8qdNE0tU_Tm4rNw2YHRJLGRQ-UiVj_9xLZMHlCYoltd73MnoOmHG1YXtM3NlgXpwiomrEy-qad2t4On2m0-10I_u_wF03Dc54AWf2dWhFEqlQkkKVQc3rULO/s1600/10-dqsc.gif" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgiz6Qb1TJViGS-l4LvfmDO8qdNE0tU_Tm4rNw2YHRJLGRQ-UiVj_9xLZMHlCYoltd73MnoOmHG1YXtM3NlgXpwiomrEy-qad2t4On2m0-10I_u_wF03Dc54AWf2dWhFEqlQkkKVQc3rULO/s1600/10-dqsc.gif" /></a></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjN9EZKijY5q7wSeVmpsV8qI8QBLXvY6y4AWdZGxJHrRA_jocFu3BnRfmh5BgSUcQjOSzg4MAZiYd6UqSC6i89LtJj3qci9xeYp1EHK3ESrtiZjnOO1aVS716U3MoxTtBwcKWwvOA_oG79X/s1600/10-cs-dq.gif" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjN9EZKijY5q7wSeVmpsV8qI8QBLXvY6y4AWdZGxJHrRA_jocFu3BnRfmh5BgSUcQjOSzg4MAZiYd6UqSC6i89LtJj3qci9xeYp1EHK3ESrtiZjnOO1aVS716U3MoxTtBwcKWwvOA_oG79X/s1600/10-cs-dq.gif" /></a></div>Finally, here is the updated Los Angeles <strong><span style="color: #000099;">Case-Shiller</span></strong> index scaled with the Los Angeles <strong><span style="color: #ff6600;">DataQuick</span></strong> median price history (normalized Case-Shiller's January 2000 = 100). The Case-Shiller data is a month older and a three-month average.Westside Bubblehttp://www.blogger.com/profile/03383559105050069002noreply@blogger.com2tag:blogger.com,1999:blog-2983944778720243687.post-36630446403754596872011-04-26T22:13:00.000-07:002011-04-26T22:15:51.550-07:00S&P/Case-Shiller (February) and DataQuick (March)<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgFWbsx1UHd3ahiFZx1SG0J0rW4IT8nT1MN6g7mCCl3zedaTGO_sIH9R_n3sk6epFpsHWLVTtk0IvL4FI4sDE3hzaP5Odhsc9urLoYTI5dvubZu0NYavWwae4THO_elnMbhyEF0fbgIAbOW/s1600/10-cs.gif" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgFWbsx1UHd3ahiFZx1SG0J0rW4IT8nT1MN6g7mCCl3zedaTGO_sIH9R_n3sk6epFpsHWLVTtk0IvL4FI4sDE3hzaP5Odhsc9urLoYTI5dvubZu0NYavWwae4THO_elnMbhyEF0fbgIAbOW/s1600/10-cs.gif" /></a><br />
<br />
No, I haven't entirely disappeared.... Today's February 2011 <a href="http://www.standardandpoors.com/indices/sp-case-shiller-home-price-indices/en/us/?indexId=spusa-cashpidff--p-us----">S&P/Case-Shiller</a> continues the secondary <strong>peak and decline</strong> in both Los Angeles and the 10-city Composite, now <span style="color: #000066;"><strong>down 38.6%</strong></span> from its September 2006 peak, at <strong>December 2003 </strong>levels. The <strong><span style="color: #ff9900;">national</span></strong> (orange line, their original 10-city Composite) index is <strong><span style="color: #ff9900;">down 32.5%</span></strong> from its peak in June 2006. The <strong><span style="color: #00cccc;">Low</span></strong>, <strong>Middle</strong>, and <strong><span style="color: #3333ff;">High</span></strong> tiers are also graphed. The left column on the chart is peak to bottom; the right is peak to current month.<br />
<br />
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhq5U5BsWXFXiLljT9zF_E8ST1ua0-b904uE3IXcnR-43nOH-3XJnbcTQMZhA5P83jk6qmrF5_WrXnQFGqMkFyUR47N0JOGWJPGfS6awoCa7fZ1ozp6L8et8FuQLsfRTq08TCdNyGUIOKjl/s1600/10-dqla.gif" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhq5U5BsWXFXiLljT9zF_E8ST1ua0-b904uE3IXcnR-43nOH-3XJnbcTQMZhA5P83jk6qmrF5_WrXnQFGqMkFyUR47N0JOGWJPGfS6awoCa7fZ1ozp6L8et8FuQLsfRTq08TCdNyGUIOKjl/s1600/10-dqla.gif" /></a><br />
<br />
The <a href="http://www.dqnews.com/">DataQuick</a> numbers for March also show an overall downtrend for the four counties. Los Angeles County's median was at <strong>$310K</strong>, <strong><span style="color: red;">down 41.8%</span></strong> from its <strong>peak in August 2007</strong>. That left <strong><span style="color: red;">Los Angeles County</span></strong> at <strong>June 2003</strong>, <strong><span style="color: #ff6600;">Orange County</span></strong> prices at <strong>June 2003</strong>, <strong><span style="color: #33cc00;">Ventura County</span></strong> at <strong>February 2003</strong>, and <strong><span style="color: #3333ff;">San Diego County</span></strong> at <strong>June 2002</strong>.<br />
<br />
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiv8DeQrLDrXVwdNdj0yrYiRQt2gMHx_P4Tp6jgCZrFDfoX_PtanaOM6DLai4iCgFiC3cJ8Ta4eQm1IgqMNz0wS8PsewPadsEStxGEtkOSSTctsNwdz7X_0S7e9kr4gD7_1SvXtMn9c9Iks/s1600/10-dqsc.gif" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiv8DeQrLDrXVwdNdj0yrYiRQt2gMHx_P4Tp6jgCZrFDfoX_PtanaOM6DLai4iCgFiC3cJ8Ta4eQm1IgqMNz0wS8PsewPadsEStxGEtkOSSTctsNwdz7X_0S7e9kr4gD7_1SvXtMn9c9Iks/s1600/10-dqsc.gif" /></a><br />
<br />
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhRpYFw87VDCDba7OVfHutpezZz172-riOZOmuyre9kPd0eCQeRwnKOdRog3UF6pWqamT4-5eeQmcZW97E1RmRG0QQRJRZldmI65v1mKHkQ1cey8NI3UOiiv24YWNsrNuMYmSRgY6euEfae/s1600/10-cs-dq.gif" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhRpYFw87VDCDba7OVfHutpezZz172-riOZOmuyre9kPd0eCQeRwnKOdRog3UF6pWqamT4-5eeQmcZW97E1RmRG0QQRJRZldmI65v1mKHkQ1cey8NI3UOiiv24YWNsrNuMYmSRgY6euEfae/s1600/10-cs-dq.gif" /></a><br />
<br />
Finally, here is the updated Los Angeles <strong><span style="color: #000099;">Case-Shiller</span></strong> index scaled with the Los Angeles <strong><span style="color: #ff6600;">DataQuick</span></strong> median price history (normalized Case-Shiller's January 2000 = 100). The Case-Shiller data is a month older and a three-month average.Westside Bubblehttp://www.blogger.com/profile/03383559105050069002noreply@blogger.com2tag:blogger.com,1999:blog-2983944778720243687.post-72501860481796217432011-02-02T08:28:00.000-08:002011-02-02T10:56:25.493-08:00January 2011 Inventory, Sold<p> <img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; DISPLAY: block; cursor:pointer;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhr9duy5Kl3EY-jva_dZZ5-BwccxCMP5GnLs7uiL8FnvYwnDgnOStgGnrZK1zGgYnfgo6p_75cen-E21AD1isAF0fWACfQAIiLadNbfncaasm4oog-ZXUn4cjvNON3-G09FOGstHEyx5Z3H/s1600/10-sminvl3.gif" border="0" alt=""id="BLOGGER_PHOTO_ID_5569132738191854674" /> Here are the year-end 2010 Inventory, Sold, and New listings numbers, plus January 2011. I keep the counts going, but haven't gotten around to posting them very often. To make them simpler I've also dropped New listings for 2011. <br /><br />The housing bubble is not new news anymore, but its effects aren't over yet and I want to keep this statistical record going.<br /><br />So where are we? So far the latter part of 2010 and beginning of 2011 are looking pretty close to the year before, when prices neither rose nor fell. We'll see how this spring plays out.<br /><br /><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; DISPLAY: block; cursor:pointer;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhw-EFv8LU0_7E44sfF0qnhyk7zO1dcLeBd7l1OAjXSvDrxSks1Syyb4ase1D3vjxV1pyil8RwahbzxNh9jZFEkC60AIKcEchEN_CYM51C0kOIR8t1zMbe7vOPoz3Z-DWO6ZzCE29Lfnsu0/s1600/10-sminvg3.gif" border="0" alt=""id="BLOGGER_PHOTO_ID_5569132668727339394" /><br /><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; DISPLAY: block; cursor:pointer;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhfl_vr_MnHJjXiKXEee943ZqNc4tdWaWfXi54pRADN3GfR0hm3lcEnAinq2A3fSY7MQQRIe2QWFxSerwzqaboiRBU67K7xpZ6u-lBB7azxRXitNffVyaMtI-uckrZC1KE1rUhqFYcZ3xff/s1600/10-wsinv.gif" border="0" alt=""id="BLOGGER_PHOTO_ID_5569132591209679842" /><br /><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; DISPLAY: block; cursor:pointer;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhDtziuZnI_PMQK1TkHKOLekCuWqBmRRpFR-sx-OkXP0A3Xowj2J6Z_nWJeeeMDMFNF6db9HvTgCNswMllW0IiQKyaqSPGuroNlCmw-PiPaP6ra-g3zjpMY0mNXn18r9HGWP1WiSWTVKltz/s1600/10-smsoldl3.gif" border="0" alt=""id="BLOGGER_PHOTO_ID_5569130756295475922" /><br /><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; DISPLAY: block; cursor:pointer;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjRuiyQxKythJf78SYy2VYGe59KSk8OmVMVrRBHgov9Xx0EjVxYSppRMlZa4UU_7qz1a6oy81PQij7RUY7uTeSKE8fkawkuArw30vnXJoD3Wk9gXhdIvHEYKE1dstb1ttq1eyJCv_QaWmJz/s1600/10-smsoldg3.gif" border="0" alt=""id="BLOGGER_PHOTO_ID_5569132236700968210" /><br /><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; DISPLAY: block; cursor:pointer;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiDjntYJ4_9jQfC6i1fCJDM28GiaJ4GQ9v-Jf9Hi7wY4-3hYkPwJCPpx5Zv1xZaCuy8mTfEYzjU47AY8xOi9JUG5aUyUgaYlLxUtNvkkVC8WLznWzndqNHu0vokP9QZUrpVEM9CtfXPWBl1/s1600/10-smnewl3.gif" border="0" alt=""id="BLOGGER_PHOTO_ID_5569131833125400338" /><br /><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; DISPLAY: block; cursor:pointer;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiMouExEDGIVeIq-GI9D4wwjN6Wv3T7_QqhUaAs2m1hnDdMocR9FqxOR2KgnbH4zTQKkiiIlG3d1hz_IHBzF0WD_3lXl4OIPFF00yIbG7uEM3oNSjmfjsu4vobBmr914gN4eOf-Hr-BmGvN/s1600/10-smnewg3.gif" border="0" alt=""id="BLOGGER_PHOTO_ID_5569131544612154466" /> <strong>All Westside</strong> <p></p><pre><span style="font-family:courier new;"><strong> 1/29 4/2 5/30 8/1 10/3 11/26 1/28<br /> 2/26 4/30 7/3 9/3 10/31 12/31 </strong><br /><br />Bel Air-Holmby H. 91 99 109 111 111 131 133 119 116 121 111 100 113<br />Beverly Ctr.-M.M. 58 66 75 74 91 92 88 79 81 78 73 56 63<br />Beverly Hills 96 115 103 117 118 124 126 106 118 130 117 91 96<br />B.Hills P.O. 127 126 124 136 142 137 138 139 128 132 120 102 119<br />Beverlywood Vic. 31 34 36 41 50 57 57 61 60 59 48 38 43<br />Brentwood 102 115 113 129 137 127 134 125 144 131 116 86 89<br />Cheviot-R.Park '8' 21 18 20 28 27 34 31 28 33 25 25 19 26<br />Culver City 30 36 35 36 39 39 53 49 53 39 43 40 37<br />Malibu 209 215 211 226 231 242 233 237 230 226 206 177 202<br />Malibu Beach 75 70 72 76 72 84 87 84 78 78 79 73 82<br />Marina Del Rey 27 31 26 28 27 25 28 23 22 17 16 16 20<br />Pacific Palisades 106 107 122 148 148 134 140 136 142 136 124 94 108<br />Palms-Mar Vista 58 65 67 88 91 77 87 91 90 84 60 56 64<br />Playa Del Rey 14 13 17 25 23 23 29 33 33 29 18 16 17<br />Playa Vista 4 3 4 4 4 5 7 7 5 3 3 2 2<br />Santa Monica 68 74 79 87 88 81 88 88 81 90 73 58 71<br />Sunset-Hwd.Hills 214 228 231 246 259 267 278 274 283 276 245 213 229<br />Topanga 53 66 69 71 71 68 72 61 61 62 56 55 63<br />Venice 61 66 80 75 81 90 98 93 93 97 86 71 77<br />W.Hollywood Vic. 37 36 25 32 36 42 47 46 54 56 50 37 36<br />West L.A. 12 17 21 21 23 26 33 55 62 61 60 29 42<br />Westchester 49 47 48 56 58 70 70 77 79 72 65 48 60<br />Westwood-Cent.City 42 44 58 55 71 63 72 53 48 60 37 32 36<br /> ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ <strong><br /><br />2010 Totals 1585 1745 1998 2129 2094 1831 1695<br /> 1691 1910 2038 2064 2062 1509<br />2009 Totals 2027 2281 2196 2233 2034 1827<br /> 2205 2262 2160 2133 1979 1486<br />2008 Totals 1509 1694 1917 2019 2006 2128<br /> 1524 1846 1974 1942 2085 1822<br />2007 Totals 1282 1274 1457 1522 1671 1600<br /> 1308 1377 1483 1551 1731 1329 </strong></span></pre><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; DISPLAY: block" id="BLOGGER_PHOTO_ID_5099883981408930146" border="0" alt="" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhmRBjmOm1koe2CFvLjjBAMfrh7_bmmBrnX-pgzTj_Z_rbEyYfcvso8JKypSShAuCPPxTt2H-KN8DnGjyWNCAo1MeNDkra0cquPI3qVRe2HNpGt5CbN8klaOmbmkZ-NaiW0BWkRZY45KVY/s320/map.gif" /> See <a href="http://westside-bubble.blogspot.com/2007/12/year-end-inventory-update.html">2007</a>, <a href="http://westside-bubble.blogspot.com/2009/01/2009-wrap-up.html">2008</a>, and <a href="http://westside-bubble.blogspot.com/2010/01/2009-inventory-wrap-up.html">2009</a> monthly totals. Santa Monica here omits Santa Monica Canyon (in City of Los Angeles but S.M. Post Office).Westside Bubblehttp://www.blogger.com/profile/03383559105050069002noreply@blogger.com1tag:blogger.com,1999:blog-2983944778720243687.post-33072269317879255642011-01-25T13:44:00.000-08:002011-01-25T14:47:32.293-08:00S&P/Case-Shiller (November) and DataQuick (December)<p><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; DISPLAY: block" id="BLOGGER_PHOTO_ID_5566243283905292002" border="0" alt="" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEglIVIhyUa38XfFhyphenhyphenu70AEau-ykeXd3U9ptgZAs47R-kl88Bd080XboMDNlkn6yxgSv60F9PT43BPFlAn7KtHjID_a10NZt9tj-oMK1w5YRlS9xcQn3X5OY1HzS3eg8Foypvfi0ne0OQ7AN/s1600/10-cs.gif" /> Today's November 2010 <a href="http://www.standardandpoors.com/indices/sp-case-shiller-home-price-indices/en/us/?indexId=spusa-cashpidff--p-us----">S&P/Case-Shiller</a> continues the small secondary <strong>peak and decline</strong> in both Los Angeles and the 10-city Composite, now <span style="color:#000066;"><strong>down 36.7%</strong></span> from its September 2006 peak, at <strong>December 2003 </strong>levels. The <strong><span style="color:#ff9900;">national</span></strong> (orange line, their original 10-city Composite) index is <strong><span style="color:#ff9900;">down 30.3%</span></strong> from its peak in June 2006. The <strong><span style="color:#00cccc;">Low</span></strong>, <strong>Middle</strong>, and <strong><span style="color:#3333ff;">High</span></strong> tiers are also graphed. The left column on the chart is peak to bottom; the right is peak to current month.<br /><br /><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; DISPLAY: block" id="BLOGGER_PHOTO_ID_5566243167931823570" border="0" alt="" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjr_9f_0yT3v5xt51nmlzuVoT8Pxd1EWQrFGN2a1Pm8zXkgQEMjk4S1d5YD0cbVR5g3K_RHo1YJ-WS1d6aDUGtyI8Z9HqeJgviOPPajDoyhc-AmzcggFcWgJdHM_rSISJk7hZen1h8_Egms/s1600/10-dqla.gif" /> The <a href="http://www.dqnews.com/">DataQuick</a> numbers for January also show a downtrend for the four counties. Los Angeles County's median was at <strong>$340K</strong>, <strong><span style="color:#ff0000;">down 40.0%</span></strong> from its <strong>peak in August 2007</strong>. That left <strong><span style="color:#ff0000;">Los Angeles County</span></strong> at <strong>July 2003</strong>, <strong><span style="color:#ff6600;">Orange County</span></strong> prices at <strong>June 2003</strong>, <strong><span style="color:#33cc00;">Ventura County</span></strong> at <strong>March 2003</strong>, and <strong><span style="color:#3333ff;">San Diego County</span></strong> at <strong>July 2002</strong>.<br /><br /><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; DISPLAY: block" id="BLOGGER_PHOTO_ID_5566255706423309458" border="0" alt="" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjlOsObxY5d45bct_ajnOQ9pOanBbNOuCmc1UO0SZ__EppUFL3bsB76w2e3ogXDNrXtc92vvsLBKpuRnZBqyVMQJShxge2thK1K_JDRoTe9gyInOBDO-UqeOb3hoB4cLAmzKt4fdxWbxQU0/s1600/10-dqsc.gif" /><br /><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; DISPLAY: block" id="BLOGGER_PHOTO_ID_5566243233944294338" border="0" alt="" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg97lkiXAHnB6Le75dDoOFFdEKhRlWFEx-3CMZQUJT9D5jYm08BxcBkPvw4ZuqXOlpsqE190cxCze9vpP62T_Lv5hXTpwU3ur7v-YTdblgpBuTU5_AFnAimR-_i9JIvdZRpeGdcbTBAZYL6/s1600/10-cs-dq.gif" /> Finally, here is the updated Los Angeles <strong><span style="color:#000099;">Case-Shiller</span></strong> index scaled with the Los Angeles <strong><span style="color:#ff6600;">DataQuick</span></strong> median price history (normalized Case-Shiller's January 2000 = 100). The Case-Shiller data is a month older and a three-month average. </p>Westside Bubblehttp://www.blogger.com/profile/03383559105050069002noreply@blogger.com2tag:blogger.com,1999:blog-2983944778720243687.post-16680098816428226602010-11-23T15:21:00.000-08:002010-11-23T15:26:05.414-08:00Inside Job<object width="640" height="385"><param name="movie" value="http://www.youtube.com/v/pZm7M1vn15w?fs=1&hl=en_US"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/pZm7M1vn15w?fs=1&hl=en_US" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="640" height="385"></embed></object><br /><br />Finally saw the documentary <em>Inside Job</em>. Whew! Unlike the typical movie drama, this is about reality and there's no hero to win over evil in the end. The elites prevailed. Duh!Westside Bubblehttp://www.blogger.com/profile/03383559105050069002noreply@blogger.com1tag:blogger.com,1999:blog-2983944778720243687.post-27342208969903842802010-11-03T19:54:00.001-07:002010-11-03T20:25:35.816-07:00October Inventory, Sold, New<p> <img style="display:block; margin:0px auto 10px; text-align:center" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiWIiA8fzFNz9R7qjXUYQII5ZS6dLnYcQfYfv7TsEQCm89a0josPnJCkvLF9yQxhLWKW5aGTSYOvbrDy9dZuMrDrXBiZUYyKUmXwC4iwDodlHlX3MOUg0-BjpJx3YJ9nCOUQ7lUoX0bV6rf/s1600/10-sminvl3.gif" border="0" alt=""id="BLOGGER_PHOTO_ID_5535523223636804482" /> I've been continuing to capture numbers, but haven't gotten to posting in awhile. So here is the update for the end of October. The short version is that Santa Monica and Westside inventory numbers may be high enough, and the economy weak enough, to follow the path of two years ago (late 2008 into spring 2009) that brought the 20%+ drop in Santa Monica benchmark prices. You see that in the high inventory and low sales turquoise bars in the first half of the year. We'll see.<br /><br /><img style="display:block; margin:0px auto 10px; text-align:center" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh9FdfvrbaDSAq20eXGeSGx9ADknHha022LUu9TZ065OUfDPL3JNGrtHiySYT2X3a02wiZYifnQi7sD3ulD3G4tubFbHOCc3hfgkETLtVBlLJ2uBbRdnj7ao_2Hfn85whuWVB2OC8M-npIp/s1600/10-sminvg3.gif" border="0" alt=""id="BLOGGER_PHOTO_ID_5535523122053861746" /><br /><img style="display:block; margin:0px auto 10px; text-align:center" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhDB8-mLJWmYt7WOPEoMd4-pm75OETID6lQK9sCxZZ5cTUF-neUIXQgkV4VMecX04kNVEJdpscYm5fTdDsfPrvqIN71Ii5OCCksrizSLZS-LEVcnIBeievhiqZhcA3l9easuSdNRmviGyjL/s1600/10-wsinv.gif" border="0" alt=""id="BLOGGER_PHOTO_ID_5535523022110078770" /><br /><img style="display:block; margin:0px auto 10px; text-align:center;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjOy6SYLaASjeVNvkz1YtPr14vbjtxUcNvc2JjtY__7hToXLeg_Ahpk9GL0GKSfjT2AxIAV1s9mAsm-kxaX9cklqC5NNH3irn007-t9i4zPdk6YiGELCmaWHqGKmxVTSZ8RPhMNTEz5TY3y/s1600/10-smsoldl3.gif" border="0" alt=""id="BLOGGER_PHOTO_ID_5535522915068404418" /><br /><img style="display:block; margin:0px auto 10px; text-align:center" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjUsWYNqncGyLMTCjRhORnb0BikJpYzyegE7_-qt6BGxdAegmbcLEh4R1XTiJ-C-RbMCl0Fice1rquZ8zv00DS_gF-kPMCuYmXOgHwINw92O1nRZ8rXi1dyRXMAdr3r19Kl4a7areYrU-Ap/s1600/10-smsoldg3.gif" border="0" alt=""id="BLOGGER_PHOTO_ID_5535522828961312242" /><br /><img style="display:block; margin:0px auto 10px; text-align:center" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEimeQX5O5YnClBJ6YR-_Qrr_DZZqrPZ66JqAcL7VzZffej5m7LCJRCyLlBD9IanunrvyBcDEGKuh5lKjh4XTOZi-artrnzBE3ncQ24RQvTq88bkdDeF66M6MK4_q6H3-qTYtm_qs4RBmMR4/s1600/10-smnewl3.gif" border="0" alt=""id="BLOGGER_PHOTO_ID_5535522675991232002" /><br /><img style="display:block; margin:0px auto 10px; text-align:center" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiB2f9-PLMP5yosMH-Pk14eKfTsjY2BawRYAJxDaXnl8bE2Vsx0x0x7p6WWSXpE1ee43Kp75KtzLU5Gly4yU0iN2hyYeWkxOy93q6bsntquWm4WIN_EqplMNVc3FlbszEEQUvo72mXu3Z34/s1600/10-smnewg3.gif" border="0" alt=""id="BLOGGER_PHOTO_ID_5535522602089510802" /> <strong>All Westside</strong> <p></p><pre><span style="font-family:courier new;"><strong> 1/29 4/2 5/30 8/1 10/3 11/26<br /> 2/26 4/30 7/3 9/3 10/31 12/31 </strong><br /><br />Bel Air-Holmby H. 91 99 109 111 111 131 133 119 116 121<br />Beverly Ctr.-M.M. 58 66 75 74 91 92 88 79 81 78<br />Beverly Hills 96 115 103 117 118 124 126 106 118 130<br />B.Hills P.O. 127 126 124 136 142 137 138 139 128 132<br />Beverlywood Vic. 31 34 36 41 50 57 57 61 60 59<br />Brentwood 102 115 113 129 137 127 134 125 144 131<br />Cheviot-R.Park '8' 21 18 20 28 27 34 31 28 33 25<br />Culver City 30 36 35 36 39 39 53 49 53 39<br />Malibu 209 215 211 226 231 242 233 237 230 226<br />Malibu Beach 75 70 72 76 72 84 87 84 78 78<br />Marina Del Rey 27 31 26 28 27 25 28 23 22 17<br />Pacific Palisades 106 107 122 148 148 134 140 136 142 136<br />Palms-Mar Vista 58 65 67 88 91 77 87 91 90 84<br />Playa Del Rey 14 13 17 25 23 23 29 33 33 29<br />Playa Vista 4 3 4 4 4 5 7 7 5 3<br />Santa Monica 68 74 79 87 88 81 88 88 81 90<br />Sunset-Hwd.Hills 214 228 231 246 259 267 278 274 283 276<br />Topanga 53 66 69 71 71 68 72 61 61 62<br />Venice 61 66 80 75 81 90 98 93 93 97<br />W.Hollywood Vic. 37 36 25 32 36 42 47 46 54 56<br />West L.A. 12 17 21 21 23 26 33 55 62 61<br />Westchester 49 47 48 56 58 70 70 77 79 72<br />Westwood-Cent.City 42 44 58 55 71 63 72 53 48 60<br /> ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ <strong><br /><br />2010 Totals 1585 1745 1998 2129 2094<br /> 1691 1910 2038 2064 2062<br />2009 Totals 2027 2281 2196 2233 2034 1827<br /> 2205 2262 2160 2133 1979 1486<br />2008 Totals 1509 1694 1917 2019 2006 2128<br /> 1524 1846 1974 1942 2085 1822<br />2007 Totals 1282 1274 1457 1522 1671 1600<br /> 1308 1377 1483 1551 1731 1329 </strong></span></pre><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; DISPLAY: block" id="BLOGGER_PHOTO_ID_5099883981408930146" border="0" alt="" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhmRBjmOm1koe2CFvLjjBAMfrh7_bmmBrnX-pgzTj_Z_rbEyYfcvso8JKypSShAuCPPxTt2H-KN8DnGjyWNCAo1MeNDkra0cquPI3qVRe2HNpGt5CbN8klaOmbmkZ-NaiW0BWkRZY45KVY/s320/map.gif" /> See <a href="http://westside-bubble.blogspot.com/2007/12/year-end-inventory-update.html">2007</a>, <a href="http://westside-bubble.blogspot.com/2009/01/2009-wrap-up.html">2008</a>, and <a href="http://westside-bubble.blogspot.com/2010/01/2009-inventory-wrap-up.html">2009</a> monthly totals. Santa Monica here omits Santa Monica Canyon (in City of Los Angeles but S.M. Post Office).Westside Bubblehttp://www.blogger.com/profile/03383559105050069002noreply@blogger.com1tag:blogger.com,1999:blog-2983944778720243687.post-25362669599765640612010-11-03T19:47:00.001-07:002010-11-03T20:47:59.452-07:00S&P/Case-Shiller (August) and DataQuick (September)<p><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; DISPLAY: block" id="BLOGGER_PHOTO_ID_5535521335425795554" border="0" alt="" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhsos1IlGZOukgbRqaPMqyl8bIZgwkpE6T1iLBHRSrMIzGTfkCTpu3B2XPJex1JvOw6NW3RLTACuHFE7acit4T9iVMio4P2HZ1CDfhUoUyu2AYykgOj5zcnezc_KoMR3fUdd46cS6tEaY_V/s1600/10-cs.gif" /> Last week's August 2010 <a href="http://www.standardandpoors.com/indices/sp-case-shiller-home-price-indices/en/us/?indexId=spusa-cashpidff--p-us----">S&P/Case-Shiller</a> appears to represent a <strong>peak and beginning of a decline</strong> in both Los Angeles and the 10-city Composite, now <span style="color:#000066;"><strong>down 35.7%</strong></span> from its September 2006 peak, at <strong>December 2003 </strong>levels. The <strong><span style="color:#ff9900;">national</span></strong> (orange line, their original 10-city Composite) index is <strong><span style="color:#ff9900;">down 28.3%</span></strong> from its peak in June 2006. The <strong><span style="color:#00cccc;">Low</span></strong>, <strong>Middle</strong>, and <strong><span style="color:#3333ff;">High</span></strong> tiers are also graphed. The left column on the chart is peak to bottom; the right is peak to current month.<br /><br /><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; DISPLAY: block" id="BLOGGER_PHOTO_ID_5535521266505450370" border="0" alt="" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiv_TXnXfubzgpALuempaFHpVdeUrS95II4-j9UTJIO8wbb728m6Jwsux9ET_IchOInF5m8ciGubjX91ik-vmapO6brN3_S6ZueejhTQ6y5ufj0LDgMq_SzDTjlgdx3rD8Q107omeI6CU8M/s1600/10-dqla.gif" /> The <a href="http://www.dqnews.com/">DataQuick</a> numbers for September also appear to show a downtrend for the four counties. Los Angeles County's median was at <strong>$340K</strong>, <strong><span style="color:#ff0000;">down 38.2%</span></strong> from its <strong>peak in August 2007</strong>. That left <strong><span style="color:#ff0000;">Los Angeles County</span></strong> at <strong>November 2003</strong>, <strong><span style="color:#ff6600;">Orange County</span></strong> prices at <strong>October 2003</strong>, <strong><span style="color:#33cc00;">Ventura County</span></strong> at <strong>April 2003</strong>, and <strong><span style="color:#3333ff;">San Diego County</span></strong> at <strong>July 2002</strong>.<br /><br /><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; DISPLAY: block" id="BLOGGER_PHOTO_ID_5535521170845642866" border="0" alt="" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiiJKrYHimFXUsXSsKolaxgnU07mHIK_ECVuxX7sJod7D2pGJhRA4J8Gjub3pCZ84ThsMi10dCheGQ45tpfUzPu_O6ei1Ou9mheKj9V90OtT3yQg5IyP8NBLLoXyXwegvZR_WKEnMPKhWZo/s1600/10-dqsc.gif" /><br /><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; DISPLAY: block" id="BLOGGER_PHOTO_ID_5535521013481306018" border="0" alt="" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgStN8Ec64TQIZcRcmgZR5xEYiXm6c-7YuayOMpY5ugfvzHJRP9MSjYvKN279Z1BuZj2SwJixzmpR-Wc3FErvIhB2ZmkmoeuPPzRj_23h6er_aiH1ARAcIfHRtM2oMCArksCAkiFkk3sinK/s1600/10-cs-dq.gif" /> Finally, here is the updated Los Angeles <strong><span style="color:#000099;">Case-Shiller</span></strong> index scaled with the Los Angeles <strong><span style="color:#ff6600;">DataQuick</span></strong> median price history (normalized Case-Shiller's January 2000 = 100). The Case-Shiller data is a month older and a three-month average.<br /><br />Also see <a href="http://www.calculatedriskblog.com/2010/10/corelogic-house-prices-declined-12-in.html">Calculated Risk</a> on the CoreLogic 1.5% year-year price decline for August.Westside Bubblehttp://www.blogger.com/profile/03383559105050069002noreply@blogger.com0tag:blogger.com,1999:blog-2983944778720243687.post-73868787537266303662010-07-29T11:31:00.000-07:002010-07-29T11:32:35.810-07:00S&P/Case-Shiller (May) and DataQuick (June)<img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; DISPLAY: block" id="BLOGGER_PHOTO_ID_5499386400171351794" border="0" alt="" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjIYosFvu1ouUCW6TviTmdXpoE5UYTe2k-Tlp8k566QWEKN6YN5YVpqMB82oJh5WLh6kPq-bYzxc3Vbzt4AUfy76-zjHr_gciGINiHjJ67szuivGDZu373dNZr6zBlhIy3pDaPiQFj11Oud/s1600/10-cs.gif" /> Tuesday's May 2010 <a href="http://www.standardandpoors.com/indices/sp-case-shiller-home-price-indices/en/us/?indexId=spusa-cashpidff--p-us----">S&P/Case-Shiller</a> was an uptick for both Los Angeles and the 10-city Composite, but as a three-month average through May likely reflects the end of federal tax credits more than a rising trend.<br /><br />Overall Los Angeles (including Orange County) was <strong>up 1.68%</strong> from <a href="http://westside-bubble.blogspot.com/2010/06/s-april-and-dataquick-may.html">April</a> and 0.68% from March, <strong>down</strong> 0.70% from February and 0.67% from January, <strong>up</strong> 0.92% from December, 0.99% from November, 0.77% from October, 0.30% from September, 0.85% from August, and 1.6% from July, now <span style="color:#000066;"><strong>down 36.2%</strong></span> from its September 2006 peak, at <strong>November 2003 </strong>levels. The <strong><span style="color:#ff9900;">national</span></strong> (orange line, their original 10-city Composite) index is <strong><span style="color:#ff9900;">down 29.6%</span></strong> from its peak in June 2006. The <strong><span style="color:#00cccc;">Low</span></strong>, <strong>Middle</strong>, and <strong><span style="color:#3333ff;">High</span></strong> tiers are also graphed. The left column on the chart is peak to bottom; the right is peak to current month.<br /><br /><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; DISPLAY: block" id="BLOGGER_PHOTO_ID_5499384727447807186" border="0" alt="" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiXH_pHu0qPZZa2fcFyML3DAVdyztJn8HWsxlcU2BH1z1MKUUOjGmDoWkkP8-dA_SE7QeYJ9-wltCztqWNBnUztJD8uEfM9XUw6TRnsd5EcOTee4O0QcU3EndEvrt-Unw5xCApKVOtD7PvC/s1600/Case-Shiller-UPDATED.jpg" /> For a view ahead, this chart from Barry Ritholtz's <a href="http://www.ritholtz.com/blog/2010/07/updating-the-case-shiller-100-chart-forecast/">The Big Picture</a> yesterday, of the S&P/Case-Shiller in real dollars, projects a continued fall to long-term values.<br /><br /><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; DISPLAY: block" id="BLOGGER_PHOTO_ID_5499383676856609954" border="0" alt="" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg94HoddSvptllkRnnphFKNbUKRUMKfhg5RRKZdpnBLkUIRiWIzUI-i68nzizqx8TgMyOkipmhRFj_1vRR_HYmE8Vq9AjS2mYbeQPXJM4y5J1HliVcTD_E5BwuM-POKwO1rJcssW1O2c8vJ/s1600/10-dqla.gif" /> The <a href="http://www.dqnews.com/">DataQuick</a> numbers for May show three of the four counties back <strong>down</strong> for the month. Los Angeles County's median was at <strong>$335K</strong>, <strong><span style="color:#ff0000;">down 39.1%</span></strong> from its <strong>peak in August 2007</strong>. That left <strong><span style="color:#ff0000;">Los Angeles County</span></strong> at <strong>September 2003</strong>, <strong><span style="color:#ff6600;">Orange County</span></strong> prices at <strong>October 2003</strong>, <strong><span style="color:#33cc00;">Ventura County</span></strong> at <strong>May 2003</strong>, and <strong><span style="color:#3333ff;">San Diego County</span></strong> at <strong>August 2002</strong>.<br /><br /><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; DISPLAY: block" id="BLOGGER_PHOTO_ID_5499383562914059522" border="0" alt="" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjdQMDQWxDrcT0fTET72miwJMgA4LrlaoFo-8_wZvrBMPWJsmUHZhEtvCzAzAkRDZffpIUC5lkkdTrrLDduhWCoy1jcOkbxvB3D2X6RfhlnTz1AIROvFiYz16EOROOR5x9eVnhfB0Q_o7mH/s1600/10-dqsc.gif" /> Finally, here is the updated Los Angeles <strong><span style="color:#000099;">Case-Shiller</span></strong> index scaled with the Los Angeles <strong><span style="color:#ff6600;">DataQuick</span></strong> median price history (normalized Case-Shiller's January 2000 = 100). The Case-Shiller data is a month older and a three-month average; the DataQuick downtick may be a leading indicator for Case-Shiller's dirction.<br /><br />As I wrote last month, in general prices continue pretty flat since mid-2009, and <strong>likely to fall again</strong> as tax credits end, interest rates rise, and more foreclosures make it to market.<br /><br /><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; DISPLAY: block" id="BLOGGER_PHOTO_ID_5499383623001767266" border="0" alt="" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjzlNeTRTsPFmzl0YT7ALWuTf0K2QypbNwi9TeJcrOmqwcshxaqRxEluEAG2EmQ_hCN-1EVxzBO_oUwNnPTQU_tWI5yDi71AQEd6o2SsiwAA2h_wqCtu8O3g3etu1CrrWz1l012DMdm2UEv/s1600/10-cs-dq.gif" />Westside Bubblehttp://www.blogger.com/profile/03383559105050069002noreply@blogger.com9tag:blogger.com,1999:blog-2983944778720243687.post-87861213513039471292010-07-26T18:22:00.000-07:002010-07-26T18:22:44.259-07:0090403 - 90404 - Ocean Park 90405 sales March-June<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj_AVVutkJA5F0Ruff5ef6_3ubc0YP3NtHtbwMcWwAGnh67Z0OXob9dv0FhwIon7Bi7DVHTkII9T6lYB88bGqIiWHLf7h0Ro4Y8P1drIa_WazBA_N13m9CWDJl6XuxYSapI7PSwewLhI3o/s400/navy-750.jpg"><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; WIDTH: 400px; DISPLAY: block; HEIGHT: 300px; CURSOR: hand" border="0" alt="" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj_AVVutkJA5F0Ruff5ef6_3ubc0YP3NtHtbwMcWwAGnh67Z0OXob9dv0FhwIon7Bi7DVHTkII9T6lYB88bGqIiWHLf7h0Ro4Y8P1drIa_WazBA_N13m9CWDJl6XuxYSapI7PSwewLhI3o/s400/navy-750.jpg" /></a> In the first of three parts, here are Santa Monica sales for the four months from March to June, 2010, except north of Montana and Sunset Park. These reflect the frenzy of buyers trying to get into the federal tax credit; things seem to have slowed down in July.<br /><br />I've featured <a href="http://westside-bubble.blogspot.com/2009/11/old-listings-back-from-dead.html">750 Navy Street</a> (photo above) that originally was listed on 3/3/08 for a whopping <strong>$1.9M</strong>. It finally sold REO for <strong>$781K</strong>, a <strong>59% reduction!</strong><br /><br /><div><em>Address, bed/bath, <strong>current price</strong> (-% from orig.), orig.list date, sale date, <strong>sale price</strong> (-% from last list price)</em><br /><br /><span style="color:#33cc00;"><strong>90403</strong></span><br /><br />614 California, 3/1.5, <strong>$849K</strong>, 5/6/10, 6/15/10, <strong>$895K</strong> (<span style="color:#3333ff;">+5%</span>)<br />838 25th, 2/1, <strong>$1,195K</strong>, 2/23/10, 3/31/10, <strong>$1,385K</strong> (<span style="color:#3333ff;">+16%</span>)<br />1043 Centinela, 2/1, <strong>$1,459K</strong> (-7%), 1/14/10, 6/4/10, <strong>$1,450K</strong> (-1%)<br />824 Stanford, 4/2, <strong>$1,649K</strong> (<span style="color:#ff0000;">-17%</span>), 9/11/08, 4/1/10, <strong>$1,564K</strong> (-5%)<br />933 Harvard, 3/2.5, <strong>$1,849K</strong>, 1/14/10, 3/23/10, <strong>$1,849K</strong><br />1147 Centinela, 5/6, <strong>$2,795K</strong> (-7%), 9/30/09, 4/7/10, <strong>$2,650K</strong> (-5%)<br /><br /><br /><span style="color:#33cc00;"><strong>90404</strong></span><br /><br />1917 12th, 2/1, <strong>$625K</strong> (<span style="color:#ff0000;"><strong>-43%</strong></span>), 3/1/09, 3/15/10, <strong>$625K</strong><br />3024 Arizona, 2/1, <strong>$699K</strong>, 1/5/10, 6/9/10, <strong>$735K</strong> (<span style="color:#3333ff;">+5%</span>)<br />3011 Urban, 3/2, <strong>$749K</strong>, 3/27/10, 6/15/10, <strong>$740K</strong> (-1%)<br />1321 Chelsea, 2/2, <strong>$795K</strong> (<span style="color:#ff0000;">-15%</span>), 1/7/10, 6/11/10, <strong>$750K</strong> (-6%)<br /><a href="http://westside-bubble.blogspot.com/2009/11/five-listings-on-one-block.html">3014 Delaware</a>, 3/2, <strong>$825K</strong> (-3%), 11/11/09, 5/11/10, <strong>$800K</strong> (-3%)<br /><br /><br /><span style="color:#33cc00;"><strong>Ocean Park 90405</strong></span><br /><br />718 Marine, 1/1, <strong>$559K</strong>, 2/18/10, 6/18/10, <strong>$535K</strong> (-4%)<br />725 Marine, 2/1, <strong>$769K</strong>, 3/4/10, 6/10/10, <strong>$765K</strong> (-1%)<br />708 Raymond, 2/1.25, <strong>$785K</strong> (-8%), 4/28/09, 3/10/10, <strong>$720K</strong> (-8%)<br /><a href="http://westside-bubble.blogspot.com/2009/11/old-listings-back-from-dead.html">750 Navy</a> (<span style="color:#00cccc;"><strong>photo</strong></span>), 2/1.5, <strong>$799K</strong> (<span style="color:#ff0000;"><strong>-58%</strong></span>), 3/3/08, 4/21/10, <strong>$781K</strong> (-2%)<br />713 Bay, 2/2, <strong>$897K</strong>, 2/25/10, 6/26/10, <strong>$875K</strong> (-2%)<br />711 Pine, 3/2, <strong>$1,295K</strong> (<span style="color:#ff0000;">-12%</span>), 4/6/09, 6/21/10, <strong>$1,200K</strong> (-7%)<br />2513 3rd, 3/1.75, <strong>$1,475K</strong>, 5/10/10, 6/8/10, <strong>$1,475K</strong><br />528 Ocean Park, 3/3, <strong>$2,500K</strong> (<strong><span style="color:#ff0000;">-29%</span></strong>), 10/15/08, 6/15/10, <strong>$2,000K</strong> (<span style="color:#ff0000;">-20%</span>)</div>Westside Bubblehttp://www.blogger.com/profile/03383559105050069002noreply@blogger.com1tag:blogger.com,1999:blog-2983944778720243687.post-27252306409111523492010-07-06T17:43:00.000-07:002010-07-06T17:44:09.528-07:00June Inventory, Sold, New<img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; DISPLAY: block" id="BLOGGER_PHOTO_ID_5490946055067700162" border="0" alt="" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhxLRnxWJ_F9WK6iWDPWh65wUdPGSJW5IUyZoQid9aFdqCmxIv2kqKx0cQoGFyOeZS9cbVJZuul094NZs8qm71MJH3bUzd3MjFoD03fF6pbvFZ2ESOEMBS1_EZjvr657GrS_UBHqDvnVA1B/s1600/10-sminvl3.gif" /> Westside inventory has been running second-highest since 2006, below only last year's financial-meltdown levels. Santa Monica inventory below $3M has been similar until until June, when unusually-high sales (from the tax credit ending?) depleted listings. Santa Monica inventory above $3M has been slowly restoring from a very low fall 2009. New listings have been reasonably flat. See the bottom for the breakdown of the Westside totals.<br /><br /><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; DISPLAY: block" id="BLOGGER_PHOTO_ID_5490945989145774770" border="0" alt="" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgL_bKAHZEYZUpQY0J5aZRMZ14y4hfmYSnnoKReWaS7_sTlQLPXOp46KWpqIntEA7aR3ZS5yY53bhLy1Y0NFBK7Aj6ZNzVAUQA7Xy3b9OalVAd2kUv-UA1wm-55YvdbM7ONAVnlexs8jbyo/s1600/10-sminvg3.gif" /><br /><br /><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; DISPLAY: block" id="BLOGGER_PHOTO_ID_5490945305975809170" border="0" alt="" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiE0oYM-tdXOA5aMTSAL_2Hunihu58jNley9k15wtU_iOdOW3NecH1mk9kqwnjFfMK26eoWvD1FK7dcRPeazTAatzrFj2g_Ii_TI2rf3_ueByc2_SyNcDYXhhCFSO60-rA7jrfbtzKTKS2v/s1600/10-wsinv.gif" /><br /><br /><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; DISPLAY: block" id="BLOGGER_PHOTO_ID_5490945917803830562" border="0" alt="" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgBfLhCy50V5MHTZaX39e2tHXluvSxU4bcidZOkIb0_YdVd-_wohqLL7rHXHAvSx71o0HDhwRsDdgNozzpbxKObCFxYy_uJqZlxmQVbbURSxCRjm7LT8TcmXz9jYBu61lnotQaTpOBzEKqM/s1600/10-smsoldl3.gif" /><br /><br /><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; DISPLAY: block" id="BLOGGER_PHOTO_ID_5490945851261801586" border="0" alt="" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjVW9vzW3CFJho41LZwXmYIbQtlkMxFY2Jq-UEwt44i3PkWPkb762LvmPxfaeFFgkbOXSF5YwxOC5OMqcruUKdwgDDjypdC7twnNKB5Ghk1MosJI5yFogW1NlBd0DJ5e3XX-Nt2k544PIdv/s1600/10-smsoldg3.gif" /><br /><br /><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; DISPLAY: block" id="BLOGGER_PHOTO_ID_5490945761599571842" border="0" alt="" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEidqbk_7rpVgvYUgdYBKk4mwHyHnSL4q51cgIKGBEIYmq9IL3enrN55KFm07w-JZ1ZBA6YZ718ft5Re7G_DQrX-lRpda6-Z7G0nRzGO22HDIq72dDhD9xjfv_pT-ARfoDPcQJZUV_4xv1Jw/s1600/10-smnewl3.gif" /><br /><br /><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; DISPLAY: block" id="BLOGGER_PHOTO_ID_5490945654091222242" border="0" alt="" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjSpdypPHYK8L1f5KQRY3g3yHFz5fsq3SJ9sOaHTDJ_4tHta06CHIrlFlIvDFNsvZ5h70Wo3qvLPO9Xw39rVUPsXSgbi78ksqxbiOUZE5-bjX3-H4tNjUNE2uInYL4Jtyc_6-HjvCbYFhxH/s1600/10-smnewg3.gif" /> <strong>All Westside</strong> <p></p><pre><span style="font-family:courier new;"><strong> 1/29 4/2 5/30 7/30 10/1 11/26<br /> 2/26 4/30 7/3 8/27 10/29 12/31 </strong><br /><br />Bel Air-Holmby H. 91 99 109 111 111 131<br />Beverly Ctr.-M.M. 58 66 75 74 91 92<br />Beverly Hills 96 115 103 117 118 124<br />B.Hills P.O. 127 126 124 136 142 137<br />Beverlywood Vic. 31 34 36 41 50 57<br />Brentwood 102 115 113 129 137 127<br />Cheviot-R.Park '8' 21 18 20 28 27 34<br />Culver City 30 36 35 36 39 39<br />Malibu 209 215 211 226 231 242<br />Malibu Beach 75 70 72 76 72 84<br />Marina Del Rey 27 31 26 28 27 25<br />Pacific Palisades 106 107 122 148 148 134<br />Palms-Mar Vista 58 65 67 88 91 77<br />Playa Del Rey 14 13 17 25 23 23<br />Playa Vista 4 3 4 4 4 5<br />Santa Monica 68 74 79 87 88 81<br />Sunset-Hwd.Hills 214 228 231 246 259 267<br />Topanga 53 66 69 71 71 68<br />Venice 61 66 80 75 81 90<br />W.Hollywood Vic. 37 36 25 32 36 42<br />West L.A. 12 17 21 21 23 26<br />Westchester 49 47 48 56 58 70<br />Westwood-Cent.City 42 44 58 55 71 63<br /> ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ <strong><br /><br />2010 Totals 1585 1745 1998<br /> 1691 1910 2038<br />2009 Totals 2027 2281 2196 2233 2034 1827<br /> 2205 2262 2160 2133 1979 1486<br />2008 Totals 1509 1694 1917 2019 2006 2128<br /> 1524 1846 1974 1942 2085 1822<br />2007 Totals 1282 1274 1457 1522 1671 1600<br /> 1308 1377 1483 1551 1731 1329 </strong></span></pre><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; DISPLAY: block" id="BLOGGER_PHOTO_ID_5099883981408930146" border="0" alt="" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhmRBjmOm1koe2CFvLjjBAMfrh7_bmmBrnX-pgzTj_Z_rbEyYfcvso8JKypSShAuCPPxTt2H-KN8DnGjyWNCAo1MeNDkra0cquPI3qVRe2HNpGt5CbN8klaOmbmkZ-NaiW0BWkRZY45KVY/s320/map.gif" /> See <a href="http://westside-bubble.blogspot.com/2007/12/year-end-inventory-update.html">2007</a>, <a href="http://westside-bubble.blogspot.com/2009/01/2009-wrap-up.html">2008</a>, and <a href="http://westside-bubble.blogspot.com/2010/01/2009-inventory-wrap-up.html">2009</a> monthly totals. Santa Monica here omits Santa Monica Canyon (in City of Los Angeles but S.M. Post Office). <p></p>Westside Bubblehttp://www.blogger.com/profile/03383559105050069002noreply@blogger.com10tag:blogger.com,1999:blog-2983944778720243687.post-5769400623996081582010-06-30T09:28:00.000-07:002010-06-30T09:31:58.173-07:00S&P/Case-Shiller (April) and DataQuick (May)<img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; DISPLAY: block; CURSOR: pointer" id="BLOGGER_PHOTO_ID_5488448932060137890" border="0" alt="" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhpND6S0MuMLKRUD8-dwuJ2qYgMI82gd_k6fGs036dp17ik3E0Evpplq1d4H8ZiyzWP2ZicgxFuLIZklQODDaVh7vlL64TdQa7uqlREgcCEfNIiQQMpDcLaBtzevIS1vMroFX43GZT024Ne/s1600/10-cs.gif" /><br />Yesterday's April 2010 <a href="http://www.standardandpoors.com/indices/sp-case-shiller-home-price-indices/en/us/?indexId=spusa-cashpidff--p-us----">S&P/Case-Shiller</a> was overall pretty flat trend for both Los Angeles and the 10-city Composite.<br /><br />Overall Los Angeles (including Orange County) was <strong>up 0.68%</strong> from March, after being <strong>down 0.70%</strong> from <a href="http://westside-bubble.blogspot.com/2010/04/s-and-dataquick-april.html">February</a> and 0.67% from January, (compared with <strong>up</strong> 0.92% from December, 0.99% from November, 0.77% from October, 0.30% from September, 0.85% from August, and 1.6% from July), now down <strong><span style="color:#000066;">37.3%</span></strong> from its September 2006 peak, at <strong>November 2003 </strong>levels. The <strong><span style="color:#ff9900;">national</span></strong> (orange line, their original 10-city Composite) index is down<strong> <span style="color:#ff9900;">30.5%</span></strong> from its peak in June 2006.<br /><br />The <strong><span style="color:#00cccc;">Low</span></strong>, <strong>Middle</strong>, and <strong><span style="color:#3333ff;">High</span></strong> tiers are again available and graphed; the high tier was almost exactly flat for the month (up a whole 0.01%). The left column on the chart is peak to bottom; the right is peak to current month.<br /><br /><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; DISPLAY: block; CURSOR: pointer" id="BLOGGER_PHOTO_ID_5488453852774227986" border="0" alt="" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEglWHTjnC7gs6PZOnRATEsa_a1VFYmjLft-u0z9g6G657lnZpoB5FHBkdB2LLUitHtTGPwVSwbbrK1JTNa7x2oikmoL4PouGTEFmJy0Ix2asRb1BHpkBSk7OUespMuIzp6MsPNRA10Vwl9j/s1600/10-dqla.gif" /> The <a href="http://www.dqnews.com/">DataQuick</a> numbers for May show three of the four counties <strong>up</strong> for the month, but more from sales of higher-priced houses than price increases: <blockquote>The median price paid topped $300,000 for the first time in 20 months, largely because the ultra bargains have been drying up in the low-cost inland areas while sales have increased in the pricier coastal neighborhoods....</blockquote>Los Angeles County's median was at <strong>$345K</strong>, <strong><span style="color:#ff0000;">down 37.3%</span></strong> from its <strong>peak in August 2007</strong>. For what it's worth (given the changing mix), that left <strong><span style="color:#ff0000;">Los Angeles County</span></strong> at <strong>December 2003</strong>, <strong><span style="color:#ff6600;">Orange County</span></strong> prices at <strong>January 2004</strong>, <strong><span style="color:#33cc00;">Ventura County</span></strong> at <strong>May 2003</strong>, and <strong><span style="color:#3333ff;">San Diego County</span></strong> at <strong>August 2002</strong>.<br /><br /><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; DISPLAY: block; CURSOR: pointer" id="BLOGGER_PHOTO_ID_5488453917373508482" border="0" alt="" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhuAXEnWCDc6dJVufr81-jkEMmiWt1uw06lSlkIfl10UfPreIn8Wkmz1Fn8v4Et6OFDCBlhvhLdPeRHGVkA4nVAR_WWmIfSMQR3gFTsjKI1_6g_U1tL9bg2G8sqjiX9X7v185u6UaHa6hof/s1600/10-dqsc.gif" /> Finally, here is the updated Los Angeles <strong><span style="color:#000099;">Case-Shiller</span></strong> index scaled with the Los Angeles <strong><span style="color:#ff6600;">DataQuick</span></strong> median price history (normalized Case-Shiller's January 2000 = 100). The Case-Shiller data is a month older and a three-month average.<br /><br /><strong>In general prices continue pretty flat since mid-2009, and likely to fall again as tax credits end, interest rates rise, and more foreclosures make it to market.</strong><br /><br /><img style="TEXT-ALIGN: center; MARGIN: 0px auto 10px; DISPLAY: block; CURSOR: pointer" id="BLOGGER_PHOTO_ID_5488453676595892978" border="0" alt="" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgUPhtlYPJMhAVgt1IRvfp3ldEoHVvOUI7gTmy7vQpysK4FMjqHwgm8blvGFXLggCRnhJ7M2MPO_zS9vbaBBdIvjw7OnRQsVylpA9J7WoHOrx6BBJxwPfZcrssdJ5XvtII9rC8TBeB8WFP7/s1600/10-cs-dq.gif" />Westside Bubblehttp://www.blogger.com/profile/03383559105050069002noreply@blogger.com1tag:blogger.com,1999:blog-2983944778720243687.post-30628307306114728432010-06-23T10:43:00.000-07:002010-06-23T11:01:58.724-07:00Price declines ahead ...No, I haven't disappeared, just lots else going on that makes it hard to focus on posting here. Next week I'll post updates DataQuick and S&P/Case-Shiller updates and my Santa Monica and Westside data through June. Local inventory continues to be the <strong>second-highest I've recorded</strong>, below last year's crisis levels but above 2008.<br /><br />In the meantime these two items yesterday from The Big Picture and Calculated Risk (daily must-reads for me) <strong>reinforce my expectation that we're going to see another step down in the larger economy and local real estate prices during the second half of this year</strong>.<br /><br /><a href="http://www.ritholtz.com/blog/2010/06/existing-home-sales-slide/">Existing Home Sales Slide 2.2%</a> <blockquote> We see more evidence that <u>next leg down in Housing has begun</u>, ...<br /><br />We haven’t looked at the usual idiotic blatherings from the National Association of Realtors in quite some time. For <em>shits and giggles</em>, let’s have a gander at their latest, to see if they are still maintaining their traditional high standards of alcohol consumption.<br /><br />Ahhh, the Realtor crowd rarely disappoints. The Headline — <em>“May Shows a Continued Strong Pace for Existing-Home Sales”</em> — reveals their inability to separate facts from wishful thinking. ...<br /><br />Let’s ignore their usual foolishness, and go straight for the data: ... </blockquote> <a href="http://www.calculatedriskblog.com/2010/06/how-high-will-existing-home-months-of.html">How high will Existing Home Months-of-Supply increase this summer?</a> <blockquote> Earlier I posted a graph showing the relationship of existing home months-of-supply to house prices. When months-of-supply is below 6 months, house prices are typically rising - and above 6 months-of-supply, house prices are usually falling (this isn't perfect, but it is a general guide). ... <br /><br />The peak for months-of-supply was 11.2 months in 2008. And house prices? The Case-Shiller composite 20 index fell 17.2% in 2008.<br /><br />We are much closer to the price bottom now than in 2008, and I don't expect that severe of a price decline. But <strong>I do expect house prices to fall in the 2nd half of 2010 and into 2011 - probably another 5% to 10% for the major house price indexes </strong>(Case-Shiller and CoreLogic). ... </blockquote>Westside Bubblehttp://www.blogger.com/profile/03383559105050069002noreply@blogger.com10