Monday March 14, 2011

Your Local Executive LOS ANGELES, CA 90036

Summary Condos - Townhomes - TICs

This Week
Real-Time Market Profile Trend
Median List Price $ 425,000 ≠≠
Asking Price Per Square Foot $ 394 ==
The median list price in LOS ANGELES, CA 90036 this week is Average Days on Market (DOM) 235 ==
$425,000.
Percent of Properties with Price Decrease 44 %
Percent Relisted (reset DOM) 78 %
Days-on-market has been trending up recently but the Market
Action Index and inventory levels are basically flat and not Percent Flip (price increased) 0%
providing strong indications for the market. Median House Size (sq ft) 1204
Median Number of Bedrooms 1.0
Median Number of Bathrooms 2.0
Market Action Index Strong Buyer's 15.0 ±+

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 Prices in this zip code have been on a downward trend recently
and this week, while essentially flat, doesn't break us out of that
cycle.

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 $ 1,066,500 2094 3.5 3.0 42 2 0 0 388 Most expensive 25% of properties

Upper/Second $ 477,000 1140 1.5 1.5 56 2 1 0 14 Upper-middle 25% of properties

Lower/Third $ 422,500 1018 1.5 1.5 50 2 0 0 357 Lower-middle 25% of properties

Bottom/Fourth $ 399,000 890 1.0 1.0 39 3 0 0 198 Least expensive 25% of properties

Pickford Escrow

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