Monday May 16, 2011

Your Local Executive LOS ANGELES, CA 90064

Summary Single Family Homes

This Week
Real-Time Market Profile Trend
Median List Price $ 879,000 ==
Asking Price Per Square Foot $ 528 ±+
The median list price in LOS ANGELES, CA 90064 this week is Average Days on Market (DOM) 117 ==
$879,000.
Percent of Properties with Price Decrease 42 %
Percent Relisted (reset DOM) 44 %
Inventory and days-on-market are both trending higher recently.
However, the improving Market Action Index implies some Percent Flip (price increased) 5%
increased demand will temper the negative trends. Median House Size (sq ft) 1760
Median Lot Size 4,501 - 6,500 sqft
Median Number of Bedrooms 3.0
Median Number of Bathrooms 2.0

Supply and Demand Market Action Index Strong Buyer's 16.8 ==

Home sales have been exceeding new inventory for several weeks. ±+ No change == Strong upward trend ≠≠ Strong downward trend
While still a Buyer's market, prices seem to have responded by
moving upward. If the demand trends continue, expect prices to = Slight upward trend ≠ Slight downward trend
keep marching upward, especially once we see a Seller's Market.

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 Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM
6,501 -
Top/First $ 1,895,000 3568 8,000 sqft 4.0 4.0 4 19 3 1 118 Most expensive 25% of properties

6,501 -
Upper/Second $ 1,150,000 2211 8,000 sqft 3.0 2.5 71 19 2 0 62 Upper-middle 25% of properties

4,501 -
Lower/Third $ 775,000 1496 6,500 sqft 3.0 2.0 64 19 2 2 109 Lower-middle 25% of properties

4,501 -
Bottom/Fourth $ 594,000 1164 6,500 sqft 3.0 1.8 64 20 2 0 175 Least expensive 25% of properties

Pickford Escrow

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