Deric Rangell

Los Angeles, CA 90008

Single-Family Homes

Sentinel Realty Partners | Broker-Owner



Los Angeles, CA 90008

Mon Jul 22 2019
This week the median list price for Los Angeles, CA 90008 is $1,212,499 with the market action index hovering around 39. This is about the same as last month's market action index of 39. Inventory has held steady at or around 34. 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 been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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

Mon Jul 22 2019
This week the median list price for Los Angeles, CA 90008 is $1,212,499 with the market action index hovering around 39. This is about the same as last month's market action index of 39. Inventory has held steady at or around 34. 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 been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 $1,212,499
Per Square Foot $543
Days on Market 66
Price Decreased 38%
Price Increased 3%
Relisted 12%
Inventory 34
Median House Rent $3,800
Most Expensive $3,195,000
Least Expensive $567,000
Market Action Index
Slight Seller's Advantage
39

While the median price in this zip code hasn’t moved much in the last few weeks, we are relatively close to the market’s high-water mark. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.

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
$1,847,500 3,321 0.25 - 0.5 acre 4 3 65 0 1 94
$1,387,499 2,240 6,500 - 8,000 sqft 3 2 60 1 0 102
$1,165,000 1,993 4,500 - 6,500 sqft 3 2 66 1 2 57
$875,000 1,608 6,500 - 8,000 sqft 3 1 72 2 1 18