Deric Rangell

Los Angeles, CA 90016

Single-Family Homes

Sentinel Realty Partners | Broker-Owner



Los Angeles, CA 90016

Mon Jul 22 2019
This week the median list price for Los Angeles, CA 90016 is $972,000 with the market action index hovering around 60. This is an increase over last month's market action index of 56. Inventory has held steady at or around 24. 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

Strong Seller's Market

The market has been strong for several consecutive weeks. Reflecting these inventory conditions, with the MAI in the Seller’s zone, it is not surprising that prices have recently resumed their climb.

Los Angeles, CA 90016

Mon Jul 22 2019
This week the median list price for Los Angeles, CA 90016 is $972,000 with the market action index hovering around 60. This is an increase over last month's market action index of 56. Inventory has held steady at or around 24. 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

Strong Seller's Market

The market has been strong for several consecutive weeks. Reflecting these inventory conditions, with the MAI in the Seller’s zone, it is not surprising that prices have recently resumed their climb.

Real-Time Market Profile

Never miss important changes in the Los Angeles market.
Median List Price $972,000
Per Square Foot $573
Days on Market 78
Price Decreased 25%
Price Increased 0%
Relisted 21%
Inventory 24
Median House Rent $2,098
Most Expensive $1,547,650
Least Expensive $560,000
Market Action Index
Strong Seller's Market
60

Price trends in this zip code continued their recent uptrend this week. While still below the market’s high point, we may be seeing the start of a good price stretch here. We’ll look at the Market Action Index later in the report to gauge the leading indicators.

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
$1,249,000 2,107 4,500 - 6,500 sqft 4 3 94 1 0 58
$1,151,500 2,225 4,500 - 6,500 sqft 3 2 93 0 2 72
$834,500 1,526 4,500 - 6,500 sqft 3 1 81 2 2 71
$672,000 1,111 0 - 4,500 sqft 2 1 77 0 2 113