Deric Rangell

Los Angeles, CA 90008

Single-Family Homes

Sentinel Realty Partners | Broker-Owner



Los Angeles, CA 90008

Sun May 26 2019
This week the median list price for Los Angeles, CA 90008 is $1,099,000 with the market action index hovering around 44. This is less than last month's market action index of 48. Inventory has held steady at or around 33. 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

Slight Seller's Advantage

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Los Angeles, CA 90008

Sun May 26 2019
This week the median list price for Los Angeles, CA 90008 is $1,099,000 with the market action index hovering around 44. This is less than last month's market action index of 48. Inventory has held steady at or around 33. 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

Slight Seller's Advantage

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Los Angeles market.
Median List Price $1,099,000
Per Square Foot $565
Days on Market 86
Price Decreased 24%
Price Increased 6%
Relisted 12%
Inventory 33
Median House Rent $3,950
Most Expensive $2,199,000
Least Expensive $625,000
Market Action Index
Slight Seller's Advantage
44

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
$1,757,500 3,056 0.25 - 0.5 acre 4 3 67 2 0 87
$1,262,500 2,021 8,000 - 10,000 sqft 3 2 65 2 0 127
$1,029,500 1,961 6,500 - 8,000 sqft 3 1 73 3 0 62
$775,000 1,586 4,500 - 6,500 sqft 3 1 87 2 1 71