Monday January 18, 2010
Christophe Choo's
Executive Summary
BEVERLY HILLS, CA 90210
Single Family Homes
This Week
The median list price in BEVERLY HILLS, CA 90210 this week is
$3,395,000.
Inventory has been tightening and days-on-market increasing
recently. The Market Action Index has been basically flat, not
providing strong indication for market conditions.
Real-Time Market Profile
Trend
Median List Price
$ 3,395,000
Asking Price Per Square Foot
$ 788
Average Days on Market (DOM)
264
Percent of Properties with Price Decrease
29 %
Percent Relisted (reset DOM)
62 %
Percent Flip (price increased)
2%
Median House Size (sq ft)
4200
Median Lot Size
0.50 - 1.0 acre
Median Number of Bedrooms
4.0
≠≠
±+
==
Median Number of Bathrooms
Supply and Demand
Market Action Index
The market has settled in at a relative stasis in inventory and sales
conditions. It's a Buyer's market that has seen prices trend lower.
Expect that consistent up trends in demand will be required before
price trends change significantly.
±+
No change
4.5
Strong Buyer's
14.1
±+
== Strong upward trend ≠≠ Strong downward trend
= Slight upward trend ≠ Slight downward trend
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
Characteristics per Quartile
Quartile
Median Price
Sq. Ft.
Top/First
$ 9,799,500
Upper/Second
90-Day Rolling Average
Investigate the market in quartiles where each quartile is 25% of homes
ordered by price.
Lot Size
Beds
Baths
Age Inventory New Absorbed DOM
8000
0.50 - 1.0
acre
5.0
7.2
26
54
2
0
316
Most expensive 25% of properties
$ 4,722,500
5323
0.50 - 1.0
acre
5.0
5.5
52
54
4
3
227
Upper-middle 25% of properties
Lower/Third
$ 2,645,000
3468
0.25 - 0.50
acre
4.0
4.0
48
54
2
1
254
Lower-middle 25% of properties
Bottom/Fourth
$ 1,499,000
2550
0.25 - 0.50
acre
3.0
3.0
59
55
0
1
259
Least expensive 25% of properties
Christophe Choo | Christophe Choo Real Estate Group | (310)777-6342
Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2009 Altos Research LLC