Feeling full on the Westside

Westside Bubble rounds up inventory data on the Westside, reporting that Santa Monica inventory ended 2008 up 37 percent overall compared to last year. Specifically, "it's up 24 percent for less than $3 million asking price, and up a huge 155% for over $3M." Writes the blog: "A glut of high-end inventory is a major theme going into 2009." The exception is Mar Vista, which is down 20 percent in terms of inventory. Meanwhile, according to Housing Tracker's information (dated 12/15/2008), all of Los Angeles is DOWN 16.9 percent in terms of data compared to 12 months ago. [Westside Bubble]