Market Report

Los Angeles, CA 90077 - Bel Air

Single-Family Homes

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Los Angeles, CA 90077 - Bel Air

Tue Oct 20 2020
This week the median list price for Los Angeles, CA 90077 - Bel Air is $4,997,000 with the market action index hovering around 29. This is less than last month's market action index of 30. Inventory has held steady at or around 110. Click here to stay informed with the Los Angeles market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Buyer's Advantage

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.

Los Angeles, CA 90077 - Bel Air

Tue Oct 20 2020
This week the median list price for Los Angeles, CA 90077 - Bel Air is $4,997,000 with the market action index hovering around 29. This is less than last month's market action index of 30. Inventory has held steady at or around 110. Click here to stay informed with the Los Angeles market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Buyer's Advantage

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.

Real-Time Market Profile

Never miss important changes in the Los Angeles market.
Median List Price $4,997,000
Per Square Foot $1,144
Days on Market 160
Price Decreased 33%
Price Increased 0%
Relisted 14%
Inventory 110
Median Rent $18,000
Most Expensive $78,000,000
Least Expensive $600,000
Market Action 29
Slight Buyer's Advantage

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.

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
$22,500,000 11,624 1 - 2.5 acres 6 9 23 0 0 211
$8,950,000 6,229 0.5 - 1 acre 5 7 30 2 1 246
$3,495,000 3,536 0.25 - 0.5 acre 4 4 54 3 0 102
$1,794,000 2,633 8,000 - 10,000 sqft 3 3 52 6 5 86