Monday May 9, 2011

Your Local Executive LOS ANGELES, CA 90064

Summary Condos - Townhomes - TICs

This Week
Real-Time Market Profile Trend
Median List Price $ 490,000 ±+
Asking Price Per Square Foot $ 391 ±+
The median list price in LOS ANGELES, CA 90064 this week is Average Days on Market (DOM) 143 ==
$490,000.
Percent of Properties with Price Decrease 57 %
Percent Relisted (reset DOM) 57 %
Inventory has been lightening lately and the Market Action Index
has been trending up. Though days-on-market is increasing, these Percent Flip (price increased) 9%
are mildly positive indications for the market. Median House Size (sq ft) 1314
Median Number of Bedrooms 2.0
Median Number of Bathrooms 2.0
Market Action Index Strong Buyer's 14.3 ==

Supply and Demand

Home sales have been exceeding new inventory for several weeks. ±+ No change == Strong upward trend ≠≠ Strong downward trend
Since this is a Buyer's market prices are not yet moving higher as
excess inventory is consumed. However, as the supply and demand = Slight upward trend ≠ Slight downward trend
trends continue, the market moves into the Seller's zone, and we are
likely to see upward pressure on pricing.

Price
Market Action Index Recently prices in this zip have settled at a plateau even though
they dipped this week. Look for a persistent up-shift in the
Market Action Index before we see prices significantly move
from these levels.

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 Square Feet Beds Baths Age Inventory New Absorbed DOM

Top/First $ 699,000 1755 3.0 2.5 8 5 0 1 132 Most expensive 25% of properties

Upper/Second $ 594,450 1565 2.0 2.8 12 6 0 0 161 Upper-middle 25% of properties

Lower/Third $ 448,950 1314 2.0 2.0 31 6 0 1 158 Lower-middle 25% of properties

Bottom/Fourth $ 332,022 890 1.5 1.4 39 6 0 0 120 Least expensive 25% of properties

Pickford Escrow

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