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Monday March 7, 2011

Your Local Executive WEST HOLLYWOOD, CA


Summary Condos - Townhomes - TICs

This Week
Real-Time Market Profile Trend
Median List Price $ 539,000 ≠≠
Asking Price Per Square Foot $ 460 ≠≠
The median list price in WEST HOLLYWOOD, CA 90069 - West Average Days on Market (DOM) 142 ==
Hollywood this week is $539,000.
Percent of Properties with Price Decrease 41 %
Percent Relisted (reset DOM) 10 %
The Market Action Index has been trending down lately, while
inventory and days-on-market are climbing. The trends imply a Percent Flip (price increased) 4%
weakening market. Median House Size (sq ft) 1212
Median Number of Bedrooms 2.0
Median Number of Bathrooms 2.0
Market Action Index Strong Buyer's 17.3 ≠≠

Supply and Demand


The market has been consistently cool for several weeks. Demand ±+ No change == Strong upward trend ≠≠ Strong downward trend
level are low relative to the available inventory. It's a Buyer's
market and prices continue to fall. Look for a persistent shift in = Slight upward trend ≠ Slight downward trend
Market Action before prices plateau or begin to rise again.

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 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 $ 1,195,000 1672 2.0 2.0 46 40 1 2 184 Most expensive 25% of properties

Upper/Second $ 635,000 1404 2.0 2.0 36 41 7 3 122 Upper-middle 25% of properties

Lower/Third $ 429,995 1000 2.0 2.0 41 41 2 1 114 Lower-middle 25% of properties

Bottom/Fourth $ 299,000 688 1.0 1.0 42 41 1 3 149 Least expensive 25% of properties

Pickford Escrow

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