Monday June 26, 2017
Jeffrey Fritz | Coldwell
Banker Executive
Summary
MARINA DEL REY, CA
Single Family Homes
This Week
The median list price in MARINA DEL REY, CA 90292 this week is
$2,972,500.
Demand measured by the Market Action Index is increasing and
days-on-market is trending downward. Even as more properties
come available, these are positive trends for the market.
Real-Time Market Profile
Trend
Median List Price
$ 2,972,500
Asking Price Per Square Foot
$ 870
Average Days on Market (DOM)
85
Percent of Properties with Price Decrease
38 %
Percent Relisted (reset DOM)
12 %
Percent Flip (price increased)
4%
Median House Size (sq ft)
3846
Median Lot Size
Less than 4,500
Median Number of Bedrooms
3.5
±+
=
≠≠
Median Number of Bathrooms
Supply and Demand
Market Action Index
Home sales continue to outstrip supply and the Market Action Index
has been moving higher for several weeks. This is a Seller's market
so watch for upward pricing pressure in the near future if the trend
continues.
±+
No change
3.2
Seller's Advantage
33.6
==
== Strong upward trend ≠≠ Strong downward trend
= Slight upward trend ≠ Slight downward trend
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
Characteristics per Quartile
Quartile
Median Price
Sq. Ft.
Top/First
$ 4,322,500
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
4896
Less than
4,500 sqft
4.0
4.2
22
6
0
0
97
Most expensive 25% of properties
$ 3,634,500
4886
Less than
4,500 sqft
4.0
4.8
16
6
0
0
72
Upper-middle 25% of properties
Lower/Third
$ 2,799,000
3278
Less than
4,500 sqft
4.0
3.5
30
7
1
0
97
Lower-middle 25% of properties
Bottom/Fourth
$ 1,565,000
1565
Less than
4,500 sqft
3.0
2.0
69
7
1
1
73
Least expensive 25% of properties
Jeffrey Fritz | Coldwell Banker | 310-754-8148
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