Jeffrey Fritz | Coldwell
Banker Executive
Summary
Monday June 26, 2017
LOS ANGELES, CA 90064
Single Family Homes
This Week
The median list price in LOS ANGELES, CA 90064 this week is
$1,497,000.
Inventory is tightening and days-on-market is falling. The Market
Action Index shows demand heating up. These are relatively bullish
signs for prices.
Real-Time Market Profile
Trend
Median List Price
$ 1,497,000
Asking Price Per Square Foot
$ 798
Average Days on Market (DOM)
38
Percent of Properties with Price Decrease
24 %
Percent Relisted (reset DOM)
5%
Percent Flip (price increased)
5%
Median House Size (sq ft)
1996
Median Lot Size
4,501 - 6,500 sqft
Median Number of Bedrooms
3.0
≠≠
≠
≠≠
Median Number of Bathrooms
Supply and Demand
Market Action Index
Home sales have been exceeding new inventory for several weeks.
However prices have not yet stopped falling. Since the market is
already in the Seller's zone, expect prices to level off very soon.
Should the sales trend continue expect that prices could climb from
there.
±+
No change
2.2
Strong Seller's
54.3
==
== Strong upward trend ≠≠ Strong downward trend
= Slight upward trend ≠ Slight downward trend
Price
Market Action Index
Again this week in this zip code we see a downward notch for
prices. Pricing has been weak in recent weeks and versus their
absolute-high level. At this point, we will be looking for a
persistent upward shift in the Market Action Index as a leading
indicator for a trough in prices.
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
$ 2,495,000
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
3359
6,501 8,000 sqft
5.0
3.5
9
9
2
3
45
Most expensive 25% of properties
$ 1,750,000
2323
4,501 6,500 sqft
4.0
2.5
78
9
2
2
27
Upper-middle 25% of properties
Lower/Third
$ 1,347,000
1785
4,501 6,500 sqft
3.0
2.0
77
10
2
1
43
Lower-middle 25% of properties
Bottom/Fourth
$ 1,047,000
1200
4,501 6,500 sqft
2.0
1.2
78
10
1
0
36
Least expensive 25% of properties
Jeffrey Fritz | Coldwell Banker | 310-754-8148
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