Los Angeles County South Bay Beach Cities Real Estate $$$ Transacted for January 2008

I am so sorry to be late coming out with January dollar volume numbers. I spent the weekend leafletting 2 precincts in 90045 for Ron Paul, and Monday evening leafletting my own precinct in 90278. Then today, I was hit by a car while crossing a street in Westwood, by UCLA. I am OK, but with a stiff left leg that has a big bruise on the outer lower leg, below the knee, and a scraped-up right elbow. I need to go to bed and get some rest.

Anyway, back to the numbers. Quite a few graphs are showing bounces off of December bottoms. The bubble has burst, and seasonality trends that would normally show that bounce around February are now being affected. The stock market has not been happy lately either. It is not clear how much further the decline in the financial markets may go. In any event, people are in somewhat glum moods at the moment, but that may change as spring rolls around...

The zip codes that remained pretty much even from January 2007, in terms of dollar volume, are 90016 (West Adams), 90035 (Fairfax), and 90245 (El Segundo). Zip codes where dollar volume was up substantially from a year ago are 90007 (South Central), 90034 (Palms), 90064 (Rancho Park), 90094 (Playa Vista - remains on steroids), 90291 (Venice), 90402 (Santa Monica), 90501 (Torrance - Village on Oak and Parkview Court), 90504 (Torrance), and 90505 (Torrance). Every place else was down in dollar volume.

Some of these higher dollar volume areas look weird. For example, Venice in January 2007 shows 19 transactions averaging $1,058,000. January 2008 shows 11 transactions averaging $2,362,000. So in some areas showing a bounce, there are still high-end buyers pushing up the numbers. Or, there could be something else going on, which I don't have insider knowledge of.

YOY comparisons
Remember, the YOY numbers are not taken on the raw numbers, they are taken on the 
doubly smooth 3 month moving average. They lag the raw data somewhat.
Realtors fat and happy...
90094          163.7% Playa Vista

Not to shabby, considering...
90254            8.6% Hermosa Beach
90501            4.4% Torrance
90045            2.8% Westchester

Slip sliding away...
90293           -4.2% Playa del Rey
90064           -5.9% Rancho Park/Cheviot Hills
90401-90405    -20.8% Santa Monica combined
90036          -21.3% Park La Brea
90266          -22.3% Manhattan Beach
beach cities   -23.4% 4 Beach Cities combined
90245          -24.1% El Segundo
90291          -25.0% Venice
90008          -26.2% Baldwin Hills / Leimart Park
90277          -27.6% Redondo Beach (south)
90232          -28.8% Culver City

Sliding over a cliff...
90066          -31.2% Mar Vista
90277-90278    -33.2% Redondo Beach combined
90034          -34.2% Palms
90278          -37.4% Redondo Beach (north)
90501-90505    -37.4% Torrance Combined
90292          -37.4% Marina del Rey
90505          -38.2% Torrance
SW county      -39.3% Southwest L.A. County
90504          -40.3% Torrance
90275          -44.2% Palos Verdes Estates
90717          -46.1% Lomita
90503          -46.2% Torrance
90019          -47.0% Country Club Park/Mid City
90732          -47.1% San Pedro/Rancho PV

Over the cliff, Thelma and Louise-style...
90230          -51.0% Culver City
90007          -52.4% South Central
90035          -53.4% West Fairfax
90301          -54.6% Inglewood
90304          -55.4% Lennox
90056          -56.6% Ladera Heights
90043          -57.6% Hyde Park, Windsor Hills
90250          -62.0% Hawthorne
90746          -66.6% Carson
90047          -67.3% South Central
90301-90305    -68.0% Inglewood/Lennox combined
90062          -68.2% South Central
90016          -68.7% West Adams
90018          -68.9% Jefferson Park
90260          -69.5% Lawndale
90302          -70.2% Inglewood
90745          -71.5% Carson
90044          -72.3% Athens
90305          -73.7% Inglewood
90502          -74.5% Torrance
90249          -76.5% Gardena
90303          -77.5% Inglewood
90037          -79.9% South Central
90744         -288.0% Wilmington

Relative Strength

This is a longer-term view of the strength of dollar volume, for this month with 4.9 being the strongest (suffering the least amount of chronic pain) and -0.6 being the weakest (suffering the most chronic pain). Think of it is as the area above 0 on the YOY graph with the area below 0 of the YOY graph subtracted out.

90094         4.9 Playa Vista
90305         2.9 Inglewood
90044         1.8 Athens
90034         1.8 Palms
90746         1.6 Carson
90292         1.5 Marina del Rey
90047         1.1 South Central
90062         1.1 South Central
90301-90305   1.1 Inglewood/Lennox combined
90304         1.0 Lennox
90502         1.0 Torrance
90007         1.0 South Central
90018         0.9 Jefferson Park
90745         0.9 Carson
90303         0.9 Inglewood
90016         0.8 West Adams
90301         0.8 Inglewood
90302         0.8 Inglewood
90250         0.8 Hawthorne
90293         0.7 Playa del Rey
90732         0.7 San Pedro/Rancho PV
90037         0.7 South Central
90501         0.7 Torrance
90043         0.7 Hyde Park, Windsor Hills
90019         0.7 Country Club Park/Mid City
90008         0.6 Baldwin Hills / Leimart Park
SW county     0.6 Southwest L.A. County
90064         0.6 Rancho Park/Cheviot Hills
90503         0.5 Torrance
90230         0.5 Culver City
90249         0.5 Gardena
90254         0.5 Hermosa Beach
90291         0.5 Venice
90260         0.5 Lawndale
90045         0.5 Westchester
90036         0.4 Park La Brea
90501-90505   0.4 Torrance Combined
90278         0.4 Redondo Beach (north)
90232         0.4 Culver City
90245         0.4 El Segundo
90066         0.3 Mar Vista
90277-90278   0.3 Redondo Beach combined
90505         0.3 Torrance
90401-90405   0.2 Santa Monica combined
90036         0.2 West Fairfax
beach cities  0.2 4 Beach Cities combined
90056         0.2 Ladera Heights
90266         0.2 Manhattan Beach
90717         0.2 Lomita
90277         0.2 Redondo Beach (south)
90504         0.1 Torrance
90275         0.0 Palos Verdes Estates
90744        -0.6 Wilmington