Monday May 16, 2011

Your Local Executive LOS ANGELES, CA 90048

Summary Condos - Townhomes - TICs

This Week
Real-Time Market Profile Trend
Median List Price $ 599,000 ==
Asking Price Per Square Foot $ 446 =
The median list price in LOS ANGELES, CA 90048 - West Hollywood Average Days on Market (DOM) 141 ≠≠
this week is $599,000.
Percent of Properties with Price Decrease 41 %
Percent Relisted (reset DOM) 41 %
With inventory trending up but days-on-market trending down and
the Market Action Index essentially flat recently, conditions do not Percent Flip (price increased) 7%
seem to have strong up or down pull. Median House Size (sq ft) 1332
Median Number of Bedrooms 2.0
Median Number of Bathrooms 2.0
Market Action Index Strong Buyer's 16.6 ±+

Supply and Demand

Inventory levels have been relatively consistent relative to sales. ±+ No change == Strong upward trend ≠≠ Strong downward trend
Despite the fact that there is a relatively high amount of available
inventory, this Buyer's market is still seeing prices move higher. = Slight upward trend ≠ Slight downward trend
Given inventory levels, these price conditions are relatively fragile.
If the market cools off further, the price trend is likely to reverse.

Price
Market Action Index In this zip code this week saw relatively little price change from
last week. However, we continue to demonstrate a nice up trend
in general over the last several weeks.

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 $ 963,392 1710 2.0 2.8 8 6 0 0 57 Most expensive 25% of properties

Upper/Second $ 699,900 1417 2.0 2.0 25 7 1 0 151 Upper-middle 25% of properties

Lower/Third $ 495,000 1156 2.0 2.0 39 7 2 0 165 Lower-middle 25% of properties

Bottom/Fourth $ 337,000 885 1.0 1.8 37 7 0 0 180 Least expensive 25% of properties

Pickford Escrow

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