Monday May 16, 2011

Your Local Executive LOS ANGELES, CA 90036

Summary Single Family Homes

This Week
Real-Time Market Profile Trend
Median List Price $ 989,000 ±+
Asking Price Per Square Foot $ 487 ±+
The median list price in LOS ANGELES, CA 90036 this week is Average Days on Market (DOM) 114 ==
$989,000.
Percent of Properties with Price Decrease 27 %
Percent Relisted (reset DOM) 33 %
Inventory and days-on-market are both trending higher recently.
However, the improving Market Action Index implies some Percent Flip (price increased) 2%
increased demand will temper the negative trends. Median House Size (sq ft) 2146
Median Lot Size 6,501 - 8,000 sqft
Median Number of Bedrooms 3.0
Median Number of Bathrooms 2.0

Supply and Demand Market Action Index Strong Buyer's 16.6 ==

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 Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM
6,501 -
Top/First $ 1,499,000 2631 8,000 sqft 4.0 3.0 86 13 0 2 126 Most expensive 25% of properties

6,501 -
Upper/Second $ 1,192,500 2204 8,000 sqft 3.0 2.0 86 14 2 0 77 Upper-middle 25% of properties

6,501 -
Lower/Third $ 949,700 2210 8,000 sqft 4.0 2.5 86 14 0 0 122 Lower-middle 25% of properties

6,501 -
Bottom/Fourth $ 824,000 1654 8,000 sqft 3.0 2.0 84 14 2 0 133 Least expensive 25% of properties

Pickford Escrow

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