Market Report
Los Angeles, CA 90077 - Bel Air
Single-Family Homes
Chartwell Escrow
Los Angeles, CA 90077 - Bel Air
Thu Apr 25 2024
This week the median list price for Los Angeles, CA 90077 - Bel Air is $8,944,500 with the market action index hovering around 27. This is about the same as last month's market action index of 27. Inventory has increased to 76.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
The market has been cooling in recent weeks. Since this is a Buyer’s market where there is excess inventory to satisfy the demand levels, prices have also been moving lower.
Real-Time Market Profile
| Median List Price | $8,944,500 | |
| Median Price of New Listings | $4,180,000 | |
| Per Square Foot | $1,484 | |
| Average Days on Market | 175 | |
| Median Days on Market | 81 | |
| Price Decreased | 25% | |
| Price Increased | 4% | |
| Relisted | 14% | |
| Inventory | 76 | |
| Median Rent | ||
| Market Action | 27 | |
| Slight Buyer's Advantage | ||
Again this week we see a downward notch for prices in this zip code. Pricing has been weak recently 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 |
|---|---|---|---|---|---|---|---|---|
| $44,950,000 | 17,013 | 1 - 2.5 acres | 7 | 11 | 24 | 0 | 0 | 168 |
| $16,250,000 | 9,310 | 1 - 2.5 acres | 6 | 7 | 52 | 0 | 0 | 161 |
| $7,495,000 | 5,128 | 0.25 - 0.5 acre | 5 | 5 | 58 | 1 | 1 | 35 |
| $2,950,000 | 2,994 | 0.5 - 1 acre | 4 | 3 | 47 | 3 | 5 | 42 |