Monday May 16, 2011

Your Local Executive LOS ANGELES, CA 90020

Summary Condos - Townhomes - TICs

This Week
Real-Time Market Profile Trend
Median List Price $ 240,000 ±+
Asking Price Per Square Foot $ 264 ≠
The median list price in LOS ANGELES, CA 90020 this week is Average Days on Market (DOM) 165 ==
$240,000.
Percent of Properties with Price Decrease 25 %
Percent Relisted (reset DOM) 29 %
The Market Action Index has been trending down lately, while
inventory and days-on-market are climbing. The trends imply a Percent Flip (price increased) 9%
weakening market. Median House Size (sq ft) 1072
Median Number of Bedrooms 2.0
Median Number of Bathrooms 2.0
Market Action Index Strong Buyer's 22.8 ≠≠

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 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 Square Feet Beds Baths Age Inventory New Absorbed DOM

Top/First $ 639,000 1795 3.0 3.0 3 13 3 0 78 Most expensive 25% of properties

Upper/Second $ 379,500 1259 2.0 2.0 19 14 3 1 74 Upper-middle 25% of properties

Lower/Third $ 210,000 990 2.0 2.0 29 14 1 0 288 Lower-middle 25% of properties

Bottom/Fourth $ 149,250 622 1.0 1.0 42 14 1 0 215 Least expensive 25% of properties

Pickford Escrow

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