*Big goof on home sales

Well, it sure looks that way. The Business Journal is reporting this week that 496,512 homes were sold in L.A. County last year. Sound a bit high? It's more like 98,975, according to Dataquick, which provides housing data for the LAT and most other news organizations. Dataquick's final numbers for 2006 should be out in a day or two. The Business Journal numbers are provided by HomeData Corp., a Melville, New York-based company that tracks housing prices nationwide. Some tweaking might be in order.

*Update: The Business Journal is now saying that there were 82,690 resales in 2006, a 21.8 percent decline from a year earlier. Also, the sales numbers for Malibu - the ones that I used in a Tuesday post and on KPCC - were out of whack too. There were 141 homes sold in 2006, down from 309 a year earlier (the paper initially reported that 846 homes were sold in '06).

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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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