Compare Westside yearly total sales and median
prices for 2009 compared to 2008, ranked from worst to
first:
Financing has become a huge issue and there are less and less move-up buyers, as most transactions at the lower and mid levels are "one and done". Expect more continued weakness at the higher levels.
Here are the Condo prices:
1) Malibu 90265
130 sales, $610K, -29.8%
2) Venice 90291
33 sales, $835K, -21.4%
3) Marina del Rey 90292
193 sales, $585K, -20.4%
4) West Hollywood 90069
203 sales, $446K, -19.0%
5) Beverlywood 90034
33 sales, $400K, -16.2%
6) West Hollywood 90048
40 sales, $525K, -15.3%
7) West Hollywood 90046
101 sales, $440K, -13.8%
8) Bel Air 90077
20 sales, $1,025K, -12.4%
9) Brentwood 90049
151 sales, $625K, -11.0%
10) Pacific Palisades 90272
64 sales, $673K, -10.9%
11) Santa Monica 90405
89 sales, $650K, -5.9%
12) Rancho Park 90064
45 sales, $522K, -5.2%
13) Mar Vista 90066
67 sales, $42oK, -4.1%
14) West LA 90025
199 sales, $598K, -2.8%
15) Santa Monica 90403
143 sales, $750K, -2.0%