Monday May 16, 2011

Your Local Executive LOS ANGELES, CA 90048

Summary Single Family Homes

This Week
Real-Time Market Profile Trend
Median List Price $ 1,154,250 ≠≠
Asking Price Per Square Foot $ 497 ±+
The median list price in LOS ANGELES, CA 90048 - West Hollywood Average Days on Market (DOM) 134 ±+
this week is $1,154,250.
Percent of Properties with Price Decrease 40 %
Percent Relisted (reset DOM) 45 %
The Market Action Index has been trending down lately, indicating
demand falling along with supply. Conditions point to mildly Percent Flip (price increased) 2%
negative trends for the market. Median House Size (sq ft) 2147
Median Lot Size 4,501 - 6,500 sqft
Median Number of Bedrooms 3.0
Median Number of Bathrooms 2.2

Supply and Demand Market Action Index Strong Buyer's 15.1 ≠≠

The market has been consistently cool for several weeks. Demand ±+ No change == Strong upward trend ≠≠ Strong downward trend
level are low relative to the available inventory. It's a Buyer's
market and prices continue to fall. Look for a persistent shift in = Slight upward trend ≠ Slight downward trend
Market Action before prices plateau or begin to rise again.

Price
Market Action Index Again this week in this zip code we see a downward notch for
prices. Pricing has been weak in recent weeks and versus their
absolute-high level. At this point, we will be looking for a
persistent upward shift in the Market Action Index as a leading
indicator for a trough in prices.

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
4,501 -
Top/First $ 1,945,000 3672 6,500 sqft 4.5 4.0 42 10 0 1 104 Most expensive 25% of properties

6,501 -
Upper/Second $ 1,262,500 2287 8,000 sqft 3.0 2.2 86 10 1 1 85 Upper-middle 25% of properties

4,501 -
Lower/Third $ 992,500 1996 6,500 sqft 3.0 2.0 84 10 1 1 153 Lower-middle 25% of properties

4,501 -
Bottom/Fourth $ 812,450 1696 6,500 sqft 3.0 2.0 83 10 1 0 195 Least expensive 25% of properties

Pickford Escrow

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