Monday May 16, 2011

Your Local Executive LOS ANGELES, CA 90004

Summary Condos - Townhomes - TICs

This Week
Real-Time Market Profile Trend
Median List Price $ 429,000 ±+
Asking Price Per Square Foot $ 301 =
The median list price in LOS ANGELES, CA 90004 this week is Average Days on Market (DOM) 159 ≠≠
$429,000.
Percent of Properties with Price Decrease 22 %
Percent Relisted (reset DOM) 44 %
Inventory is up and Market Action is trending down recently. While
days-on-market appears to be trending lower, the overall Percent Flip (price increased) 14 %
conditions are weakening a bit. Median House Size (sq ft) 1351
Median Number of Bedrooms 2.0
Median Number of Bathrooms 2.0
Market Action Index Strong Buyer's 20.5 ≠≠

Supply and Demand

The Market Action Index has been trending lower for several weeks ±+ No change == Strong upward trend ≠≠ Strong downward trend
while prices have remained relatively stable. If inventory continues
to grow relative to demand however, it is likely that we will see = Slight upward trend ≠ Slight downward trend
downward pressure on pricing.

Price
Market Action Index We continue to see prices in this zip code bouncing around this
plateau. Look for a persistent up-shift in the Market Action Index
before we see prices 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 $ 589,000 1447 2.0 2.5 21 9 1 0 93 Most expensive 25% of properties

Upper/Second $ 450,000 1544 3.0 2.0 3 9 0 1 257 Upper-middle 25% of properties

Lower/Third $ 379,000 1335 2.0 2.0 20 9 1 1 143 Lower-middle 25% of properties

Bottom/Fourth $ 264,900 1199 2.0 2.0 20 9 0 0 143 Least expensive 25% of properties

Pickford Escrow

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