Deric Rangell

Los Angeles, CA 90008

Single-Family Homes

Sentinel Realty Partners | Broker-Owner



Los Angeles, CA 90008

Fri Aug 23 2019
This week the median list price for Los Angeles, CA 90008 is $1,137,500 with the market action index hovering around 42. This is an increase over last month's market action index of 39. Inventory has held steady at or around 30. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Los Angeles, CA 90008

Fri Aug 23 2019
This week the median list price for Los Angeles, CA 90008 is $1,137,500 with the market action index hovering around 42. This is an increase over last month's market action index of 39. Inventory has held steady at or around 30. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Real-Time Market Profile

Never miss important changes in the Los Angeles market.
Median List Price $1,137,500
Per Square Foot $541
Days on Market 87
Price Decreased 43%
Price Increased 3%
Relisted 20%
Inventory 30
Median House Rent $3,700
Most Expensive $3,195,000
Least Expensive $639,900
Market Action Index
Slight Seller's Advantage
42

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
$1,895,000 3,500 0.25 - 0.5 acre 4 2 63 1 0 67
$1,399,999 2,152 8,000 - 10,000 sqft 3 2 67 1 1 191
$1,049,000 1,825 6,500 - 8,000 sqft 3 1 68 1 3 77
$799,500 1,576 4,500 - 6,500 sqft 3 1 82 2 3 24