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Christophe Choo's

MARKET UPDATE
BEVERLY HILLS, CA
90210

· Current Real Estate Market Conditions for Single Family Homes


· Trends in Pricing
· Current Levels of Supply and Demand
· Value Metrics

· Report for the week of


November 01, 2010

· Presented by Christophe Choo Real Estate Group - Locally Known. Globally


Connected.
Christophe Choo Real Estate Group
www.ChristopheChoo.com - Christophechoo@aol.com
(310)777-6342

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City Overview Single Family Homes in

Christophe Choo | Christophe Choo Real Estate Group | (310)777-6342


BEVERLY HILLS, CA

This Week Real-Time Market Profile Trend


The median list price in BEVERLY Median List Price $ 3,395,000 ±+
HILLS, CA this week is $3,395,000. Average List Price $ 5,544,523
The 279 properties have been on the Asking Price Per Square Foot $ 765 ±+
market for an average of 196 days. Average Days on Market (DoM) 196 ±+

Inventory of Properties Listed 279 ==

Most Expensive Listing $0


The Market Action Index has been Least Expensive Listing $ 519,000

trending down lately, while inventory Average Age of Listing 46


is climbing. These trends imply a Percent of Properties with Price Decrease 46 %
weakening market. Percent Relisted (reset DOM) 13 %
Percent Flip (price increased) 3%
Median House Size (sq ft) 4133
Median Lot Size 0.25 - 0.50 acre
Median Number of Bedrooms 4.0

Supply and Demand


Median Number of Bathrooms 4.5

Altos Research Value Statistics


The market has settled in at a Market Action Index Strong Buyer's 15.1 ≠
relative stasis in inventory and sales 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
conditions. It's a Buyer's market that implies a seller's advantage. Below 30, conditions give the advantage to the
has seen prices trend lower. Expect buyer.
that consistent up trends in demand
will be required before price trends Trend Key: == Strong upward trend ≠≠ Strong downward trend
change significantly. ±+ No change = Slight upward trend ≠ Slight downward trend

Characteristics per Quartile

Quartile Median Price Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM

0.50 - 1.0
Top/First $ 9,850,000 8500 acre 6.0 7.0 22 69 0 1 240 Most expensive 25% of properties

0.25 - 0.50
Upper/Second $ 4,282,500 5236 acre 5.0 5.2 52 70 5 3 194 Upper-middle 25% of properties

0.25 - 0.50
Lower/Third $ 2,495,000 3614 acre 4.0 4.0 50 70 6 3 179 Lower-middle 25% of properties

6,501 -
Bottom/Fourth $ 1,350,750 2356 8,000 sqft 3.0 2.8 59 70 1 5 172 Least expensive 25% of properties

Page 2 of 11 Monday November 1, 2010


Single Family Homes in
City Overview
Christophe Choo | Christophe Choo Real Estate Group | (310)777-6342
BEVERLY HILLS, CA

Median Price
The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of
this trend.

7-day Average 90-day Average

Quartile Prices
Most of the market segments are showing price weakness lately. Notice however, that Quartile 4 at the low-end of the market is
still on an up-trend. Often this condition happens in markets where demand has fallen (for example, due to micro-location
variables) but supply is still relatively short. Buyers are focusing on the lowest price homes in the area.

First/Top Second/Upper Third/Lower Fourth/Bottom

Page 3 of 11 Monday November 1, 2010


Single Family Homes in
City Overview
Christophe Choo | Christophe Choo Real Estate Group | (310)777-6342
BEVERLY HILLS, CA

Price per Square Foot


The market plateau is seen across the price and value. The price per square foot and median list price have both been
reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from
these levels.

7-day Average 90-day Average

Inventory of Properties Listed for Sale


Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market
Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.

7-day Average 90-day Average

Page 4 of 11 Monday November 1, 2010


Single Family Homes in
City Overview
Christophe Choo | Christophe Choo Real Estate Group | (310)777-6342
BEVERLY HILLS, CA

Market Action Index


The BEVERLY HILLS market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index
stands at 15.13. With several months of inventory available at the current sales rate, buyers should find ample choice.

90-day Average Buyers/Sellers Cutoff

Market Action Index per Quartile


Not surprisingly given the overall Market Action Index, all quartiles are in the Buyer's Market zone with several months of
inventory given the current rate of demand for homes in the quartile. Watch the quartile for changes before the overall market
shifts. Often one end of the market (e.g. the low end) will improve and signal a strengthening market before the whole group
changes.

First/Top Second/Upper Third/Lower Fourth/Bottom

Buyers/Sellers Cutoff
Residential house prices are a function of supply and demand, and market conditions can be characterized
by analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’s
Advantage zone (below 30) for a long period, prices are likely in for a downward correction.

The Market Action Index (MAI) illustrates a balance between supply and demand using a statistical function
of the current rate of sale versus current inventory.

Page 5 of 11 Monday November 1, 2010


Single Family Homes in
City Overview
Christophe Choo | Christophe Choo Real Estate Group | (310)777-6342
BEVERLY HILLS, CA

Days on Market
The properties have been on the market for an average of 196 days. Half of the listings have come newly on the market in the
past 140 or so days.

7-day Average 90-day Average

Days on Market per Quartile


It is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.

First/Top Second/Upper Third/Lower Fourth/Bottom

Page 6 of 11 Monday November 1, 2010


Neighborhood Detail Single Family Homes in

Christophe Choo | Christophe Choo Real Estate Group | (310)777-6342


BEVERLY HILLS, CA
90210

This Week Real-Time Market Profile Trend


The median list price in BEVERLY Median List Price $ 3,795,000 ±+
HILLS, CA 90210 this week is Average List Price $ 6,124,512
$3,795,000. The 241 properties have Asking Price Per Square Foot $ 789 ±+
been on the market for an average of Average Days on Market (DoM) 204 ±+
204 days. Inventory of Properties Listed 241 ≠≠

Most Expensive Listing $0


The Market Action Index has been Least Expensive Listing $ 519,000

trending down lately, indicating Average Age of Listing 43


demand falling along with supply. Percent of Properties with Price Decrease 47 %
Conditions point to mildly negative Percent Relisted (reset DOM) 13 %
trends for the market. Percent Flip (price increased) 2%
Median House Size (sq ft) 4744
Median Lot Size 0.25 - 0.50 acre
Median Number of Bedrooms 4.0

Supply and Demand


Median Number of Bathrooms 5.0

Altos Research Value Statistics


The market has settled in at a Market Action Index Strong Buyer's 14.6 ≠
relative stasis in inventory and sales 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
conditions. It's a Buyer's market that implies a seller's advantage. Below 30, conditions give the advantage to the
has seen prices trend lower. Expect buyer.
that consistent up trends in demand
will be required before price trends Trend Key: == Strong upward trend ≠≠ Strong downward trend
change significantly. ±+ No change = Slight upward trend ≠ Slight downward trend

Characteristics per Quartile

Quartile Median Price Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM

0.50 - 1.0
Top/First $ 11,935,000 8830 acre 6.0 7.2 20 60 0 1 249 Most expensive 25% of properties

0.50 - 1.0
Upper/Second $ 4,997,000 5491 acre 5.0 5.5 54 60 4 2 178 Upper-middle 25% of properties

0.25 - 0.50
Lower/Third $ 2,989,500 4000 acre 4.0 4.5 50 60 3 3 225 Lower-middle 25% of properties

0.25 - 0.50
Bottom/Fourth $ 1,495,000 2650 acre 3.0 3.0 50 61 3 6 167 Least expensive 25% of properties

Page 7 of 11 Monday November 1, 2010


Single Family Homes in
Neighborhood Detail
Christophe Choo | Christophe Choo Real Estate Group | (310)777-6342
BEVERLY HILLS, CA
90210

Median Price
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.

7-day Average 90-day Average

Quartile Prices
In the quartile market segments, we see most of this zip code is showing price weakness lately. Notice however, that Quartile 4
at the low-end of the market is still on an up-trend. Often this condition happens in markets where demand has fallen (for
example, due to micro-location variables) but supply is still relatively short. Buyers are focusing on the lowest price homes in
the area.

First/Top Second/Upper Third/Lower Fourth/Bottom

Page 8 of 11 Monday November 1, 2010


Single Family Homes in
Neighborhood Detail
Christophe Choo | Christophe Choo Real Estate Group | (310)777-6342
BEVERLY HILLS, CA
90210

Price per Square Foot


The market plateau is seen across the price and value. The price per square foot and median list price have both been
reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from
these levels.

7-day Average 90-day Average

Inventory of Properties Listed for Sale


Inventory has been falling in recent weeks. Note that declining inventory alone does not signal a strengthening market. Look to
the Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply.

7-day Average 90-day Average

Page 9 of 11 Monday November 1, 2010


Single Family Homes in
Neighborhood Detail
Christophe Choo | Christophe Choo Real Estate Group | (310)777-6342
BEVERLY HILLS, CA
90210

Market Action Index


The BEVERLY HILLS, 90210 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market
Action Index stands at 14.60. With several months of inventory available at the current sales rate, buyers should find ample
choice.

90-day Average Buyers/Sellers Cutoff

Market Action Index per Quartile


Not surprisingly, all quartiles are in the Buyer's Market zone with several months of inventory given the current levels of
demand. Watch the quartiles for changes before the overall market shifts.

First/Top Second/Upper Third/Lower Fourth/Bottom

Buyers/Sellers Cutoff
Residential house prices are a function of supply and demand, and market conditions can be characterized
by analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’s
Advantage zone (below 30) for a long period, prices are likely in for a downward correction.

The Market Action Index (MAI) illustrates a balance between supply and demand using a statistical function
of the current rate of sale versus current inventory.

Page 10 of 11 Monday November 1, 2010


Single Family Homes in
Neighborhood Detail
Christophe Choo | Christophe Choo Real Estate Group | (310)777-6342
BEVERLY HILLS, CA
90210

Days on Market
The properties have been on the market for an average of 204 days. Half of the listings have come newly on the market in the
past 147 or so days.

7-day Average 90-day Average

Days on Market per Quartile


It is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.

First/Top Second/Upper Third/Lower Fourth/Bottom

Page 11 of 11 Monday November 1, 2010