Monday February 21, 2011

Your Local Executive LOS ANGELES, CA 90064

Summary Condos - Townhomes - TICs

This Week
Real-Time Market Profile Trend
Median List Price $ 498,450 ≠≠
Asking Price Per Square Foot $ 383 ±+
The median list price in LOS ANGELES, CA 90064 this week is Average Days on Market (DOM) 150 ==
$498,450.
Percent of Properties with Price Decrease 58 %
Percent Relisted (reset DOM) 17 %
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) 6%
weakening market. Median House Size (sq ft) 1190
Median Number of Bedrooms 2.0
Median Number of Bathrooms 2.0
Market Action Index Strong Buyer's 17.8 ±+

Supply and Demand

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 Square Feet Beds Baths Age Inventory New Absorbed DOM

Top/First $ 669,000 942 3.0 2.5 9 9 0 3 222 Most expensive 25% of properties

Upper/Second $ 529,000 1320 2.0 2.5 25 9 0 0 125 Upper-middle 25% of properties

Lower/Third $ 472,500 1216 2.0 2.0 25 9 0 0 140 Lower-middle 25% of properties

Bottom/Fourth $ 371,500 978 2.0 2.0 38 9 0 1 114 Least expensive 25% of properties

Pickford Escrow

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