Monday May 9, 2011

Your Local Executive LOS ANGELES, CA 90020

Summary Single Family Homes

This Week
Real-Time Market Profile Trend
Median List Price $ 2,444,500 ==
Asking Price Per Square Foot $ 570 ±+
The median list price in LOS ANGELES, CA 90020 this week is Average Days on Market (DOM) 176 ==
$2,444,500.
Percent of Properties with Price Decrease 25 %
Percent Relisted (reset DOM) 50 %
Inventory and days-on-market are both trending higher recently.
However, the improving Market Action Index implies some Percent Flip (price increased) 0%
increased demand will temper the negative trends. Median House Size (sq ft) 4179
Median Lot Size 0.25 - 0.50 acre
Median Number of Bedrooms 5.0
Median Number of Bathrooms 4.2

Supply and Demand Market Action Index Strong Buyer's 17.3 ==

Home sales have been exceeding new inventory for several weeks. ±+ No change == Strong upward trend ≠≠ Strong downward trend
While still a Buyer's market, prices seem to have responded by
moving upward. If the demand trends continue, expect prices to = Slight upward trend ≠ Slight downward trend
keep marching upward, especially once we see a Seller's Market.

Price
Market Action Index The market for this zip code continues its bounce again this
week. We're a long way from the market's high point so watch
the Market Action Index to predict how long this trend will last.

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
0.50 - 1.0
Top/First $ 4,950,000 6900 acre 7.0 5.5 93 3 0 0 198 Most expensive 25% of properties

0.50 - 1.0
Upper/Second $ 2,495,000 5705 acre 6.0 4.5 86 3 1 0 341 Upper-middle 25% of properties

0.25 - 0.50
Lower/Third $ 2,090,000 3658 acre 5.0 4.0 89 3 0 0 131 Lower-middle 25% of properties

4,501 -
Bottom/Fourth $ 739,000 2298 6,500 sqft 4.0 3.0 92 3 0 1 33 Least expensive 25% of properties

Pickford Escrow

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