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Christophe Choo's

MARKET UPDATE
BEVERLY HILLS, CA
90210

· 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


May 16, 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 Single Family Homes in

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


BEVERLY HILLS, CA

This Week Real-Time Market Profile Trend


The median list price in BEVERLY Median List Price $ 3,395,000 ≠≠
HILLS, CA this week is $3,395,000. Average List Price $ 5,900,372
The 279 properties have been on the Asking Price Per Square Foot $ 783 ≠
market for an average of 173 days. Average Days on Market (DoM) 173 ±+

Inventory of Properties Listed 279 ==

Most Expensive Listing $ 68,500,000


The Market Action Index has been Least Expensive Listing $ 575,000

trending down lately, while inventory Average Age of Listing 49


is climbing. These trends imply a Percent of Properties with Price Decrease 30 %
weakening market. Percent Relisted (reset DOM) 56 %
Percent Flip (price increased) 2%
Median House Size (sq ft) 4398
Median Lot Size 0.25 - 0.50 acre
Median Number of Bedrooms 4.0

Supply and Demand


Median Number of Bathrooms 4.5

Altos Research Value Statistics


The Market Action Index has been Market Action Index Strong Buyer's 15.3 ≠≠
trending lower for several weeks 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
while prices have remained implies a seller's advantage. Below 30, conditions give the advantage to the
relatively stable. If inventory buyer.
continues to grow relative to
demand however, it is likely that we Trend Key: == Strong upward trend ≠≠ Strong downward trend
will see downward pressure on ±+ No change = Slight upward trend ≠ Slight downward trend
pricing.

Characteristics per Quartile

Quartile Median Price Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM

0.50 - 1.0
Top/First $ 10,750,000 8510 acre 6.0 8.0 24 69 4 0 215 Most expensive 25% of properties

0.25 - 0.50
Upper/Second $ 4,497,000 5365 acre 5.0 5.5 51 70 6 1 161 Upper-middle 25% of properties

0.25 - 0.50
Lower/Third $ 2,425,000 3341 acre 4.0 4.0 51 70 7 1 160 Lower-middle 25% of properties

8,001 -
Bottom/Fourth $ 1,424,500 2087 10,000 sqft 3.0 2.5 61 70 5 1 155 Least expensive 25% of properties

Page 2 of 11 Monday May 16, 2011


Single Family Homes in
City Overview
Christophe Choo | Christophe Choo Real Estate Group | (310)777-6342
BEVERLY HILLS, CA

Median Price
This week prices bumped up a bit but the trend of recent weeks is generally downward. The Market Action Index is a good
leading indicator for the durability of this trend.

7-day Average 90-day Average

Quartile Prices
Prices in the upper-half of the market (Quartiles 1 and 2) have been showing weakness recently while the lower-half prices have
remained strong. These convergent trends cannot continue indefinitely, so look to the Market Action Index Quartile breakdown
to see which group will change direction.

First/Top Second/Upper Third/Lower Fourth/Bottom

Page 3 of 11 Monday May 16, 2011


Single Family Homes in
City Overview
Christophe Choo | Christophe Choo Real Estate Group | (310)777-6342
BEVERLY HILLS, CA

Price per Square Foot


The market's downward trends are shared across both price and value. People are recently placing less value on homes (you can
see the recent declines in price per square foot as evidence.) Look for significant changes in the Market Action Index as a
precursor to price and value changes, possibly as inflection points for good investment opportunities.

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 May 16, 2011


Single Family Homes in
City Overview
Christophe Choo | Christophe Choo Real Estate Group | (310)777-6342
BEVERLY HILLS, CA

Market Action Index


The BEVERLY HILLS market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index
stands at 15.32. 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 Buyer’s
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 May 16, 2011


Single Family Homes in
City Overview
Christophe Choo | Christophe Choo Real Estate Group | (310)777-6342
BEVERLY HILLS, CA

Days on Market
The properties have been on the market for an average of 173 days. Half of the listings have come newly on the market in the
past 84 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 May 16, 2011


Neighborhood Detail Single Family Homes in

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


BEVERLY HILLS, CA
90210

This Week Real-Time Market Profile Trend


The median list price in BEVERLY Median List Price $ 4,150,000 ==
HILLS, CA 90210 this week is Average List Price $ 6,509,076
$4,150,000. The 243 properties have Asking Price Per Square Foot $ 838 ±+
been on the market for an average of Average Days on Market (DoM) 186 ==
186 days. Inventory of Properties Listed 243 ==

Most Expensive Listing $ 68,500,000


The Market Action Index has been Least Expensive Listing $ 575,000

trending down lately, while inventory Average Age of Listing 45


and days-on-market are climbing. The Percent of Properties with Price Decrease 30 %
trends imply a weakening market. Percent Relisted (reset DOM) 58 %
Percent Flip (price increased) 2%
Median House Size (sq ft) 4981
Median Lot Size 0.25 - 0.50 acre
Median Number of Bedrooms 4.0

Supply and Demand


Median Number of Bathrooms 5.0

Altos Research Value Statistics


Inventory levels have been relatively Market Action Index Strong Buyer's 15.4 ≠≠
consistent relative to sales. Despite 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
the fact that there is a relatively implies a seller's advantage. Below 30, conditions give the advantage to the
high amount of available inventory, buyer.
this Buyer's market is still seeing
prices move higher. Given inventory Trend Key: == Strong upward trend ≠≠ Strong downward trend
levels, these price conditions are ±+ No change = Slight upward trend ≠ Slight downward trend
relatively fragile. If the market
cools off further, the price trend is
likely to reverse.

Characteristics per Quartile

Quartile Median Price Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM

0.50 - 1.0
Top/First $ 12,247,500 9163 acre 6.0 8.0 24 60 4 0 208 Most expensive 25% of properties

0.50 - 1.0
Upper/Second $ 4,995,000 5522 acre 5.0 5.5 51 61 5 1 175 Upper-middle 25% of properties

0.25 - 0.50
Lower/Third $ 2,995,000 4366 acre 4.0 4.5 48 61 4 0 193 Lower-middle 25% of properties

0.25 - 0.50
Bottom/Fourth $ 1,495,000 2219 acre 3.0 2.8 54 61 6 2 168 Least expensive 25% of properties

Page 7 of 11 Monday May 16, 2011


Single Family Homes in
Neighborhood Detail
Christophe Choo | Christophe Choo Real Estate Group | (310)777-6342
BEVERLY HILLS, CA
90210

Median Price
While this week the median price in this zip code didn't fluctuate much, we are relatively close to the market's high-water mark.
Watch for persistent downward shift in the Market Action Index into the Buyer's zone as a leading indicator of the price strength
subsiding.

7-day Average 90-day Average

Quartile Prices
In the quartile market segments, we see the upper-half of the market (Quartiles 1 and 2) in this zip code relatively flat recently
while the lower-half prices have remained strong. Quartiles 3 and 4 have been increasing in the last few weeks. Look to the
Market Action Index Quartile breakdown for a leading indicator on which group will lead the market in the near future.

First/Top Second/Upper Third/Lower Fourth/Bottom

Page 8 of 11 Monday May 16, 2011


Single Family Homes in
Neighborhood Detail
Christophe Choo | Christophe Choo Real Estate Group | (310)777-6342
BEVERLY HILLS, CA
90210

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 May 16, 2011


Single Family Homes in
Neighborhood Detail
Christophe Choo | Christophe Choo Real Estate Group | (310)777-6342
BEVERLY HILLS, CA
90210

Market Action Index


The BEVERLY HILLS, 90210 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market
Action Index stands at 15.37. 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 Buyer’s
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 May 16, 2011


Single Family Homes in
Neighborhood Detail
Christophe Choo | Christophe Choo Real Estate Group | (310)777-6342
BEVERLY HILLS, CA
90210

Days on Market
The properties have been on the market for an average of 186 days. Half of the listings have come newly on the market in the
past 98 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 May 16, 2011