Monday May 30, 2011

Your Local Executive LOS ANGELES, CA 90036

Summary Condos - Townhomes - TICs

This Week
Real-Time Market Profile Trend
Median List Price $ 409,500 ≠≠
Asking Price Per Square Foot $ 454 ==
The median list price in LOS ANGELES, CA 90036 this week is Average Days on Market (DOM) 191 ==
$409,500.
Percent of Properties with Price Decrease 38 %
Percent Relisted (reset DOM) 50 %
Inventory has been lightening lately and the Market Action Index
has been trending up. Though days-on-market is increasing, these Percent Flip (price increased) 0%
are mildly positive indications for the market. Median House Size (sq ft) 1204
Median Number of Bedrooms 1.0
Median Number of Bathrooms 1.5
Market Action Index Strong Buyer's 12.4 ==

Supply and Demand

Home sales have been exceeding new inventory for several weeks. ±+ No change == Strong upward trend ≠≠ Strong downward trend
However prices have not yet stopped falling. Since the market is
already in the Seller's zone, expect prices to level off very soon. = Slight upward trend ≠ Slight downward trend
Should the sales trend continue expect that prices could climb from
there.

Price
Market Action Index This week prices in this zip code bumped up a bit but the trend
of recent weeks is generally downward. A pickup in demand will
be reflected in the Market Action Index, so watch that chart to
try to identify a trough in the market.

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 $0 1479 2.0 1.8 83 2 1 1 0 Most expensive 25% of properties

Upper/Second $ 437,500 1306 2.0 2.0 30 2 0 0 385 Upper-middle 25% of properties

Lower/Third $ 399,000 1104 1.0 2.0 46 2 0 0 0 Lower-middle 25% of properties

Bottom/Fourth $ 324,500 730 1.0 1.0 55 2 0 2 0 Least expensive 25% of properties

Pickford Escrow

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