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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

Powered by Altos Research LLC | www.altosresearch.com | Copyright © 2005-2010 Altos Research LLC

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

Single Family Homes in

BEVERLY HILLS, CA

This Week
The median list price in BEVERLY HILLS, CA this week is $3,395,000. The 279 properties have been on the market for an average of 196 days.
Median List Price Average List Price

Real-Time Market Profile
$ 3,395,000 $ 5,544,523 $ 765 196 279 $0 $ 519,000 46 46 % 13 % 3% 4133 0.25 - 0.50 acre 4.0 4.5

Trend
±+ ±+ ±+ ==

Asking Price Per Square Foot Average Days on Market (DoM) Inventory of Properties Listed Most Expensive Listing

The Market Action Index has been trending down lately, while inventory is climbing. These trends imply a weakening market.

Least Expensive Listing Average Age of Listing Percent of Properties with Price Decrease Percent Relisted (reset DOM) Percent Flip (price increased) Median House Size (sq ft) Median Lot Size Median Number of Bedrooms

Supply and Demand
The market has settled in at a relative stasis in inventory and sales conditions. It's a Buyer's market that has seen prices trend lower. Expect that consistent up trends in demand will be required before price trends change significantly.

Median Number of Bathrooms

Altos Research Value Statistics
Market Action Index Strong Buyer's 15.1 ≠ 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 a seller's advantage. Below 30, conditions give the advantage to the buyer.

Trend Key:

±+

No change

== Strong upward trend ≠≠ Strong downward trend = Slight upward trend ≠ Slight downward trend

Characteristics per Quartile
Quartile
Top/First Upper/Second Lower/Third Bottom/Fourth
Median Price Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM

$ 9,850,000 $ 4,282,500 $ 2,495,000 $ 1,350,750

8500 5236 3614 2356

0.50 - 1.0 acre 0.25 - 0.50 acre 0.25 - 0.50 acre 6,501 8,000 sqft

6.0 5.0 4.0 3.0

7.0 5.2 4.0 2.8

22 52 50 59

69 70 70 70

0 5 6 1

1 3 3 5

240 194 179 172

Most expensive 25% of properties Upper-middle 25% of properties Lower-middle 25% of properties Least expensive 25% of properties

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Monday November 1, 2010

City Overview

Single Family Homes in

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

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Monday November 1, 2010

City Overview

Single Family Homes in

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

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Monday November 1, 2010

City Overview

Single Family Homes in

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.

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Monday November 1, 2010

City Overview

Single Family Homes in

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

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Monday November 1, 2010

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

Single Family Homes in

BEVERLY HILLS, CA 90210
Trend
$ 3,795,000 $ 6,124,512 $ 789 204 241 $0 $ 519,000 43 47 % 13 % 2% 4744 0.25 - 0.50 acre 4.0 5.0 ±+ ±+ ≠≠ ±+

This Week
The median list price in BEVERLY HILLS, CA 90210 this week is $3,795,000. The 241 properties have been on the market for an average of 204 days. The Market Action Index has been trending down lately, indicating demand falling along with supply. Conditions point to mildly negative trends for the market.
Median List Price Average List Price

Real-Time Market Profile

Asking Price Per Square Foot Average Days on Market (DoM) Inventory of Properties Listed Most Expensive Listing Least Expensive Listing Average Age of Listing Percent of Properties with Price Decrease Percent Relisted (reset DOM) Percent Flip (price increased) Median House Size (sq ft) Median Lot Size Median Number of Bedrooms

Supply and Demand
The market has settled in at a relative stasis in inventory and sales conditions. It's a Buyer's market that has seen prices trend lower. Expect that consistent up trends in demand will be required before price trends change significantly.

Median Number of Bathrooms

Altos Research Value Statistics
Market Action Index Strong Buyer's 14.6 ≠ 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 a seller's advantage. Below 30, conditions give the advantage to the buyer.

Trend Key:

±+

No change

== Strong upward trend ≠≠ Strong downward trend = Slight upward trend ≠ Slight downward trend

Characteristics per Quartile
Quartile
Top/First Upper/Second Lower/Third Bottom/Fourth
Median Price Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM

$ 11,935,000 $ 4,997,000 $ 2,989,500 $ 1,495,000

8830 5491 4000 2650

0.50 - 1.0 acre 0.50 - 1.0 acre 0.25 - 0.50 acre 0.25 - 0.50 acre

6.0 5.0 4.0 3.0

7.2 5.5 4.5 3.0

20 54 50 50

60 60 60 61

0 4 3 3

1 2 3 6

249 178 225 167

Most expensive 25% of properties Upper-middle 25% of properties Lower-middle 25% of properties Least expensive 25% of properties

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Monday November 1, 2010

Neighborhood Detail

Single Family Homes in

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

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Monday November 1, 2010

Neighborhood Detail

Single Family Homes in

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

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Monday November 1, 2010

Neighborhood Detail

Single Family Homes in

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.

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Monday November 1, 2010

Neighborhood Detail

Single Family Homes in

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

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Monday November 1, 2010