Pango Group

Los Angeles, CA

Single-Family Homes

www.pangogroup.com



Los Angeles, CA

Sat Feb 27 2021
This week the median list price for Los Angeles, CA is $1,596,500 with the market action index hovering around 44. This is an increase over last month's market action index of 43. Inventory has held steady at or around 1,244. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Los Angeles, CA

Sat Feb 27 2021
This week the median list price for Los Angeles, CA is $1,596,500 with the market action index hovering around 44. This is an increase over last month's market action index of 43. Inventory has held steady at or around 1,244. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Los Angeles market.
Median List Price $1,596,500
Per Square Foot $771
Days on Market 70
Price Decreased 29%
Price Increased 4%
Relisted 17%
Inventory 1,244
Median Rent $4,298
Most Expensive $78,000,000
Least Expensive $68,500
Market Action 44
Slight Seller's Advantage

Prices appear to be hovering around their high point. 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
$5,275,000 5,016 0.25 - 0.5 acre 5 6 34 29 14 112
$2,249,000 2,713 6,500 - 8,000 sqft 4 4 71 45 42 84
$1,199,000 1,774 4,500 - 6,500 sqft 3 3 83 60 67 35
$600,000 1,181 4,500 - 6,500 sqft 3 2 97 76 79 35