Monday May 2, 2011

Your Local Executive LOS ANGELES, CA 90064

Summary Condos - Townhomes - TICs

This Week
Real-Time Market Profile Trend
Median List Price $ 498,000 ==
Asking Price Per Square Foot $ 387 ±+
The median list price in LOS ANGELES, CA 90064 this week is Average Days on Market (DOM) 156 ==
$498,000.
Percent of Properties with Price Decrease 56 %
Percent Relisted (reset DOM) 56 %
Inventory has been decreasing lately but the Market Action Index is
falling also. With days-on-market climbing, these are relatively Percent Flip (price increased) 8%
negative implications for the market. Median House Size (sq ft) 1411
Median Number of Bedrooms 2.0
Median Number of Bathrooms 2.0
Market Action Index Strong Buyer's 13.7 ≠≠

Supply and Demand

In terms of supply and demand, the market is getting cooler - more
supply is coming on the market relative to the sales demand.
However, in recent weeks prices have been moving higher. Since it is
technically a Buyer's market, this price trend may be a result of
improved quality (newer, larger homes) of the homes being listed.
Look at the descriptive statistics where you may notice the homes
being listed are larger and younger than they have been in the past.
Market Action Index
±+ No change == Strong upward trend ≠≠ Strong downward trend
= Slight upward trend ≠ Slight downward trend
Price
In this zip code this week saw relatively little price change from
last week. However, we continue to demonstrate a nice up trend
in general over the last several weeks.

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 Square Feet Beds Baths Age Inventory New Absorbed DOM

Top/First $ 694,250 1750 2.5 2.2 8 6 0 0 108 Most expensive 25% of properties

Upper/Second $ 597,450 1565 2.0 2.8 12 6 1 1 253 Upper-middle 25% of properties

Lower/Third $ 459,000 1412 2.0 2.2 34 6 0 1 160 Lower-middle 25% of properties

Bottom/Fourth $ 339,144 939 1.0 1.8 38 7 1 0 111 Least expensive 25% of properties

Pickford Escrow

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