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

Shorewood has not yet published their end-of-month data for July so I'll give them a nudge. Check back on this blog for an end-of-July update.

In the meantime, on to August. The summer season by all appearances continued its bounce, though vastly subdued from earlier years. Dollar volume is down across all four beach cities. Sales volume compared to a year ago seems weakest in south Redondo Beach (90277).

Zip      Sales    Sales    Dollar Volume    Dollar Volume
         2008     2007    2008($1000's)    2007($1000's)

90245       9        8        $5,877            $9,216          
90254      18       19       $19,566           $24,643          
90266      29       31       $44,428           $64,828
90277      17       29       $19,510           $31,430
90278      46       49       $33,028           $38,465

YOY Comparisons

These numbers are a YOY comparison of the doubly smooth moving average of dollar volumes. I think of them as "recent pain" (or recent gain) indicators.

Culver City is showing a little bit of resilience this summer. Everything else is down YOY.

90232           0.4% Culver City
90035         -11.9% West Fairfax
90245         -17.6% El Segundo
90501         -26.3% Torrance
90401-90405   -28.0% Santa Monica combined
90275         -28.8% Palos Verdes Estates
90056         -31.3% Ladera Heights
90007         -31.5% South Central
90045         -32.0% Westchester
90034         -34.8% Palms
90292         -36.1% Marina del Rey
90278         -36.8% Redondo Beach (north)
90746         -38.1% Carson
90505         -38.7% Torrance
90066         -39.5% Mar Vista
90277-90278   -39.7% Redondo Beach combined
90247         -40.0% Gardena
90501-90505   -40.6% Torrance Combined
beach cities  -40.7% 4 Beach Cities combined
90291         -41.6% Venice
90230         -41.6% Culver City
90266         -41.8% Manhattan Beach
90064         -42.6% Rancho Park/Cheviot Hills
90305         -43.0% Inglewood
90277         -43.2% Redondo Beach (south)
90502         -44.3% Torrance
SW county     -44.5% Southwest L.A. County
90503         -46.9% Torrance
90249         -47.5% Gardena
90254         -47.7% Hermosa Beach
90504         -48.1% Torrance
90717         -48.7% Lomita
90260         -49.2% Lawndale   
90744         -49.2% Wilmington   
90019         -50.5% Country Club Park/Mid City   
90745         -52.9% Carson   
90303         -52.9% Inglewood   
90250         -53.1% Hawthorne   
90008         -53.9% Baldwin Hills / Leimart Park   
90302         -54.2% Inglewood   
90062         -54.5% South Central   
90043         -54.6% Hyde Park, Windsor Hills   
90094         -56.1% Playa Vista   
90301-90305   -56.5% Inglewood/Lennox combined   
90732         -57.6% San Pedro/Rancho PV   
90293         -59.1% Playa del Rey   
90036         -59.4% Park La Brea   
90047         -61.0% South Central   
90731         -62.3% San Pedro
90301         -63.7% Inglewood
90016         -63.8% West Adams
90018         -69.9% Jefferson Park
90304         -72.7% Lennox
90044         -72.9% Athens
90037         -80.7% South Central

Relative Strength

This is a longer-term view of the strength of dollar volume in a given zip code. For this month 5.3 is the strongest (suffering the least amount of chronic pain) and -0.2 is 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.

Last month's calculations of Relative Strength contains errors.

90094           5.3 Playa Vista   
90247           2.8 Gardena   
90305           2.4 Inglewood   
90034           1.5 Palms   
90044           1.3 Athens   
90292           1.3 Marina del Rey   
90746           1.2 Carson   
90047           0.7 South Central   
90502           0.6 Torrance   
90301-90305     0.6 Inglewood/Lennox combined   
90007           0.6 South Central   
90062           0.6 South Central   
90501           0.5 Torrance   
90302           0.5 Inglewood   
90304           0.5 Lennox   
90016           0.5 West Adams   
90293           0.5 Playa del Rey   
90745           0.4 Carson   
90018           0.4 Jefferson Park   
90250           0.4 Hawthorne   
90301           0.4 Inglewood   
90064           0.4 Rancho Park/Cheviot Hills   
90254           0.4 Hermosa Beach   
90744           0.3 Wilmington   
90732           0.3 San Pedro/Rancho PV   
90303           0.3 Inglewood   
90045           0.3 Westchester   
90008           0.3 Baldwin Hills / Leimart Park   
90019           0.3 Country Club Park/Mid City   
90291           0.3 Venice   
90043           0.2 Hyde Park, Windsor Hills   
90245           0.2 El Segundo   
90232           0.2 Culver City   
90037           0.2 South Central   
90230           0.2 Culver City   
90249           0.1 Gardena   
90503           0.1 Torrance   
SW county       0.1 Southwest L.A. County   
90501-90505     0.1 Torrance Combined   
90036           0.1 Park La Brea   
90260           0.1 Lawndale   
90066           0.1 Mar Vista   
90278           0.0 Redondo Beach (north)   
90505           0.0 Torrance   
90401-90405     0.0 Santa Monica combined   
90035           0.0 West Fairfax   
90277-90278    -0.1 Redondo Beach combined   
90731          -0.1 San Pedro   
beach cities   -0.1 4 Beach Cities combined   
90056          -0.1 Ladera Heights   
90717          -0.1 Lomita   
90277          -0.1 Redondo Beach (south)   
90266          -0.1 Manhattan Beach   
90504          -0.2 Torrance   
90275          -0.2 Palos Verdes Estates

I'm keeping my eye on the upcoming tsunamis as reported by Mr. Mortgage. I recommend that any active housing market watcher do the same.