Deric Rangell

Los Angeles, CA 90031

Single-Family Homes

Sentinel Realty Partners | Broker-Owner



Los Angeles, CA 90031

Mon Apr 22 2019
This week the median list price for Los Angeles, CA 90031 is $727,450 with the market action index hovering around 53. This is about the same as last month's market action index of 53. Inventory has held steady at or around 20. Click here to stay informed with the Los Angeles market!

Market Action Index

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.

Today
Last Month

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Los Angeles, CA 90031

Mon Apr 22 2019
This week the median list price for Los Angeles, CA 90031 is $727,450 with the market action index hovering around 53. This is about the same as last month's market action index of 53. Inventory has held steady at or around 20. Click here to stay informed with the Los Angeles market!

Market Action Index

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.

Today
Last Month

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Los Angeles market.
Median List Price $727,450
Per Square Foot $440
Days on Market 78
Price Decreased 30%
Price Increased 10%
Relisted 10%
Inventory 20
Median House Rent $2,550
Most Expensive $6,860,000
Least Expensive $68,500
Market Action Index
Strong Seller's Market
53

In the last few weeks we’ve seen prices in this zip code bouncing around this plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$988,000 1,940 4,500 - 6,500 sqft 4 2 96 2 0 71
$749,000 1,700 4,500 - 6,500 sqft 4 2 13 0 0 88
$599,000 1,370 4,500 - 6,500 sqft 3 0 95 2 1 61
$479,000 720 4,500 - 6,500 sqft 2 0 111 1 0 91