Monday April 25, 2011

Your Local Executive LOS ANGELES, CA 90036

Summary Condos - Townhomes - TICs

This Week
Real-Time Market Profile Trend
Median List Price $ 437,000 ±+
Asking Price Per Square Foot $ 354 ≠≠
The median list price in LOS ANGELES, CA 90036 this week is Average Days on Market (DOM) 216 ==
$437,000.
Percent of Properties with Price Decrease 50 %
Percent Relisted (reset DOM) 58 %
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) 1306
Median Number of Bedrooms 1.5
Median Number of Bathrooms 2.0
Market Action Index Strong Buyer's 12.5 ±+

Supply and Demand

The market has shown some evidence of slowing recently. Both ±+ No change == Strong upward trend ≠≠ Strong downward trend
prices and inventory levels are relatively unchanged in recent weeks.
Watch the Market Action Index for changes as it can be a leading = Slight upward trend ≠ Slight downward trend
indicator for price changes.

Price
Market Action Index We continue to see prices in this zip code bouncing around this
plateau. Look for a persistent up-shift in the Market Action Index
before we see prices move from these levels.

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 $ 515,000 2033 3.0 2.5 83 3 0 0 310 Most expensive 25% of properties

Upper/Second $ 455,000 1433 2.0 2.0 30 3 0 0 28 Upper-middle 25% of properties

Lower/Third $ 420,000 1104 1.0 2.0 30 3 0 0 397 Lower-middle 25% of properties

Bottom/Fourth $ 305,000 676 1.0 1.0 39 3 0 0 131 Least expensive 25% of properties

Pickford Escrow

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