Deric Rangell

Los Angeles, CA 90008

Single-Family Homes

Sentinel Realty Partners | Broker-Owner



Los Angeles, CA 90008

Mon Nov 18 2019
This week the median list price for Los Angeles, CA 90008 is $1,107,500 with the market action index hovering around 42. This is less than last month's market action index of 45. Inventory has held steady at or around 30. 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 Seller's Advantage

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Los Angeles, CA 90008

Mon Nov 18 2019
This week the median list price for Los Angeles, CA 90008 is $1,107,500 with the market action index hovering around 42. This is less than last month's market action index of 45. Inventory has held steady at or around 30. 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 Seller's Advantage

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Los Angeles market.
Median List Price $1,107,500
Per Square Foot $517
Days on Market 84
Price Decreased 40%
Price Increased 10%
Relisted 17%
Inventory 30
Median Rent $3,398
Most Expensive $2,998,000
Least Expensive $499,000
Market Action 42
Slight Seller's Advantage

Prices in this zip code seem to have settled around a 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
$1,749,000 3,534 0.25 - 0.5 acre 4 2 63 0 0 123
$1,250,000 2,148 8,000 - 10,000 sqft 3 2 68 0 1 137
$1,065,000 1,966 6,500 - 8,000 sqft 3 2 75 2 1 60
$672,000 1,328 4,500 - 6,500 sqft 3 1 86 2 0 28