Monday April 18, 2011

Your Local Executive LOS ANGELES, CA 90020

Summary Single Family Homes

This Week
Real-Time Market Profile Trend
Median List Price $ 2,244,500 ≠≠
Asking Price Per Square Foot $ 512 ≠≠
The median list price in LOS ANGELES, CA 90020 this week is Average Days on Market (DOM) 109 ≠≠
$2,244,500.
Percent of Properties with Price Decrease 25 %
Percent Relisted (reset DOM) 42 %
With inventory trending up but days-on-market trending down and
the Market Action Index essentially flat recently, conditions do not Percent Flip (price increased) 0%
seem to have strong up or down pull. Median House Size (sq ft) 3904
Median Lot Size 0.25 - 0.50 acre
Median Number of Bedrooms 5.0
Median Number of Bathrooms 4.2

Supply and Demand Market Action Index Strong Buyer's 22.3 ±+

The market has settled in at a relative stasis in inventory and sales ±+ No change == Strong upward trend ≠≠ Strong downward trend
conditions. It's a Buyer's market that has seen prices trend lower.
Expect that consistent up trends in demand will be required before = Slight upward trend ≠ Slight downward trend
price trends change significantly.

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
0.50 - 1.0
Top/First $ 4,950,000 6900 acre 7.0 5.5 93 3 0 0 177 Most expensive 25% of properties

0.50 - 1.0
Upper/Second $ 2,490,000 5705 acre 5.0 4.5 72 3 1 0 142 Upper-middle 25% of properties

0.25 - 0.50
Lower/Third $ 1,495,000 3282 acre 5.0 3.0 91 3 0 0 112 Lower-middle 25% of properties

4,501 -
Bottom/Fourth $ 639,000 2298 6,500 sqft 4.0 3.0 92 3 2 1 3 Least expensive 25% of properties

Pickford Escrow

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