Christophe Choo's MARKET UPDATE

LOS ANGELES, CA 90077

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 14, 2011

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

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

Single Family Homes in

LOS ANGELES, CA

This Week
The median list price in LOS ANGELES, CA this week is $308,243. The 6491 properties have been on the market for an average of 92 days.
Median List Price Average List Price

Real-Time Market Profile

$ 308,243 $ 701,465 $ 208 92 6491 $ 125,000,000 $ 12,000 74 52 % 45 % 34 % 1311 4,501 - 6,500 sqft 3.0 1.5

Trend
+ ==

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

Inventory is up and Market Action is trending down recently. While dayson-market appears to be trending lower, the overall conditions are weakening a bit.

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 shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.

Median Number of Bathrooms

Altos Research Value Statistics

Market Action Index Strong Buyer's 18.9 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

$ 979,000 $ 399,000 $ 245,000 $ 154,900

2311 1370 1286 1066

6,501 8,000 sqft 4,501 6,500 sqft 4,501 6,500 sqft 4,501 6,500 sqft

3.0 3.0 3.0 2.0

3.0 1.5 1.0 1.0

64 85 86 86

1622 1623 1623 1623

55 42 55 46

68 46 63 73

118 73 94 83

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

Page 2 of 11

Monday November 14, 2011

City Overview

Single Family Homes in

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

LOS ANGELES, CA

Median Price
Despite this week's up tic, the market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this shift.

7-day Average

90-day Average

Quartile Prices
Prices have settled at a price plateau across the board. Prices in all four quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move from these current levels.

First/Top

Second/Upper

Third/Lower

Fourth/Bottom

Page 3 of 11

Monday November 14, 2011

City Overview

Single Family Homes in

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

LOS ANGELES, CA

Price per Square Foot

While prices have been basically flat, the price per square foot has been heading downward. While not a sign of broad strength in a market, larger homes are coming more available and buyers are tending to get more home for their money.

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

Page 4 of 11

Monday November 14, 2011

City Overview

Single Family Homes in

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

LOS ANGELES, CA

Market Action Index

The LOS ANGELES market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 18.92. 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 Buyers 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.

Page 5 of 11

Monday November 14, 2011

City Overview

Single Family Homes in

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

LOS ANGELES, CA

Days on Market
The properties have been on the market for an average of 92 days. Half of the listings have come newly on the market in the past 21 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

Page 6 of 11

Monday November 14, 2011

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

Single Family Homes in

LOS ANGELES, CA 90077 - Bel Air

Trend
$ 2,972,500 $ 9,204,859 $ 634 167 108 $ 125,000,000 $ 49,500 41 31 % 24 % 2% 3986 1.0 - 2.5 acres 4.0 4.0 + == == ==

This Week
The median list price in LOS ANGELES, CA 90077 - Bel Air this week is $2,972,500. The 108 properties have been on the market for an average of 167 days. The Market Action Index has been trending down lately, while inventory and days-on-market are climbing. The trends imply a weakening 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 shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.

Median Number of Bathrooms

Altos Research Value Statistics

Market Action Index Strong Buyer's 15.7 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
2.5 - 5.0 acres 2.5 - 5.0 acres 1.0 - 2.5 acres 0.25 - 0.50 acre

Beds

Baths

Age Inventory New

Absorbed

DOM

$ 23,500,000 13089 $ 5,300,000 $ 1,849,000 $ 870,000 7800 3458 2339

6.0 5.0 4.0 3.0

9.8 5.5 3.8 3.0

22 21 52 50

27 27 27 27

0 1 0 2

1 0 1 0

229 158 128 155

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

Page 7 of 11

Monday November 14, 2011

Neighborhood Detail

Single Family Homes in

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

LOS ANGELES, CA 90077 - Bel Air

Median Price
In this zip code this week saw relatively little price change from last week. However, we continue to demonstrate a nice up trend over the last several weeks.

7-day Average

90-day Average

Quartile Prices
In the quartile market segments, we see prices in this zip code have settled at a price plateau across the board. Prices in all four quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move from these current levels.

First/Top

Second/Upper

Third/Lower

Fourth/Bottom

Page 8 of 11

Monday November 14, 2011

Neighborhood Detail

Single Family Homes in

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

LOS ANGELES, CA 90077 - Bel Air

Price per Square Foot

In a market where prices are rising fairly consistently, price per square foot is essentially flat. This often implies that new homes coming on the market are pricier, and also larger than older homes. As a result the value one can buy stays the same.

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

Page 9 of 11

Monday November 14, 2011

Neighborhood Detail

Single Family Homes in

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

LOS ANGELES, CA 90077 - Bel Air

Market Action Index

The LOS ANGELES, 90077 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 15.73. 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 Buyers 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.

Page 10 of 11

Monday November 14, 2011

Neighborhood Detail

Single Family Homes in

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

LOS ANGELES, CA 90077 - Bel Air

Days on Market
The properties have been on the market for an average of 167 days. Half of the listings have come newly on the market in the past 122 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

Page 11 of 11

Monday November 14, 2011