Market Report
Los Angeles, CA 90077 - Bel Air
Single-Family Homes
Chartwell Escrow
Los Angeles, CA 90077 - Bel Air
Fri Jul 26 2024
This week the median list price for Los Angeles, CA 90077 - Bel Air is $7,450,000 with the market action index hovering around 28. This is about the same as last month's market action index of 28. Inventory has increased to 87.
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
| Median List Price | $7,450,000 | |
| Median Price of New Listings | $5,900,000 | |
| Per Square Foot | $1,325 | |
| Average Days on Market | 162 | |
| Median Days on Market | 70 | |
| Price Decreased | 29% | |
| Price Increased | 0% | |
| Relisted | 9% | |
| Inventory | 87 | |
| Median Rent | ||
| Market Action | 28 | |
| 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 |
|---|---|---|---|---|---|---|---|---|
| $46,000,000 | 15,042 | 1 - 2.5 acres | 7 | 11 | 37 | 1 | 1 | 105 |
| $13,825,000 | 8,293 | 0.5 - 1 acre | 6 | 6.8 | 30 | 2 | 3 | 112 |
| $4,995,000 | 4,625 | 0.25 - 0.5 acre | 5 | 5 | 48 | 3 | 1 | 59 |
| $2,099,000 | 2,288 | 0.25 - 0.5 acre | 3 | 2.8 | 65 | 1 | 1 | 49 |