You are on page 1of 1

Monday May 2, 2011

Your Local Executive LOS ANGELES, CA 90068


Summary Single Family Homes

This Week
Real-Time Market Profile Trend
Median List Price $ 990,000 ±+
Asking Price Per Square Foot $ 463 ±+
The median list price in LOS ANGELES, CA 90068 this week is Average Days on Market (DOM) 161 ≠≠
$990,000.
Percent of Properties with Price Decrease 42 %
Percent Relisted (reset DOM) 46 %
With inventory trending up but days-on-market trending down and
the Market Action Index essentially flat recently, conditions do not Percent Flip (price increased) 2%
seem to have strong up or down pull. Median House Size (sq ft) 2249
Median Lot Size 6,501 - 8,000 sqft
Median Number of Bedrooms 3.0
Median Number of Bathrooms 3.0

Supply and Demand Market Action Index Strong Buyer's 17.0 ±+

The market has shown some evidence of slowing recently. Both ±+ No change == Strong upward trend ≠≠ Strong downward trend
prices and inventory levels are relatively unchanged in recent weeks.
Watch the Market Action Index for changes as it can be a leading = Slight upward trend ≠ Slight downward trend
indicator for price changes.

Price
Market Action Index We continue to see prices in this zip code hovering around these
current levels, even though they bumped up a bit this week.
Look for a persistent up-shift in the Market Action Index before
we see prices move significantly from here.

Price Trends

7-Day Rolling Average 90-Day Rolling Average Buyer/Seller Cutoff

The Market Action Index answers the question "How's the


Market?" by measuring the current rate of sale versus the
amount of the inventory. Index above 30 implies Seller's
Market conditions. Below 30, conditions favor the buyer.

Quartiles
7-Day Rolling Average 90-Day Rolling Average

Characteristics per Quartile Investigate the market in quartiles -


where each quartile is 25% of homes
ordered by price.
Quartile Median Price Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM
0.25 - 0.50
Top/First $ 1,947,000 3797 acre 4.0 4.0 52 42 4 2 150 Most expensive 25% of properties

6,501 -
Upper/Second $ 1,169,000 2700 8,000 sqft 4.0 3.0 52 43 6 2 157 Upper-middle 25% of properties

6,501 -
Lower/Third $ 849,000 2000 8,000 sqft 3.0 2.0 59 43 0 0 132 Lower-middle 25% of properties

4,501 -
Bottom/Fourth $ 625,000 1501 6,500 sqft 3.0 2.0 64 43 3 3 204 Least expensive 25% of properties

Pickford Escrow

Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2010 Altos Research LLC