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Monday February 21, 2011

Your Local Executive LOS ANGELES, CA 90036


Summary Single Family Homes

This Week
Real-Time Market Profile Trend
Median List Price $ 1,100,000 ==
Asking Price Per Square Foot $ 570 ==
The median list price in LOS ANGELES, CA 90036 this week is Average Days on Market (DOM) 167 ==
$1,100,000.
Percent of Properties with Price Decrease 24 %
Percent Relisted (reset DOM) 11 %
Inventory and days-on-market are climbing, while the Market
Action Index has been flat recently. The trends point to a Percent Flip (price increased) 3%
weakening market. Median House Size (sq ft) 1923
Median Lot Size 6,501 - 8,000 sqft
Median Number of Bedrooms 3.0
Median Number of Bathrooms 3.0

Supply and Demand Market Action Index Strong Buyer's 17.5 ±+

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 The market for this zip code continues its bounce again this
week. We're a long way from the market's high point so watch
the Market Action Index to predict how long this trend will last.

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 $ 1,799,000 3628 8,000 sqft 4.0 4.0 84 9 3 0 218 Most expensive 25% of properties

6,501 -
Upper/Second $ 1,279,000 2168 8,000 sqft 3.0 3.0 84 9 0 1 171 Upper-middle 25% of properties

6,501 -
Lower/Third $ 975,000 340 8,000 sqft 3.0 2.5 85 9 0 0 126 Lower-middle 25% of properties

6,501 -
Bottom/Fourth $ 854,500 1862 8,000 sqft 3.0 2.0 86 10 2 2 153 Least expensive 25% of properties

Pickford Escrow

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