Christphe Choo Real Estate Group Market Update for Homes in Beverly Hills, California 90210

8/8/2019 Christphe Choo Real Estate Group Market Update for Homes in Beverly Hills, California 90210

1/11

MARKET UPDATEChristophe Choo's

Current Real Estate Market Conditions for Single Family Homes

Trends in Pricing Current Levels of Supply and Demand

Value Metrics

Report for the week ofDecember 06, 2010

Presented by Christophe Choo Real Estate Group - Locally Known. GloballyConnected.Christophe Choo Real Estate Groupwww.ChristopheChoo.com - [email protected](310)777-6342

BEVERLY HILLS, 902

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2/11

Median List Price

Median Lot Size

14.7

Percent Relisted (reset DOM)

3999

4.5

3 %

Median Number of Bathrooms

204

Inventory of Properties Listed

$ 768

Percent Flip (price increased)

0.25 - 0.50 acre

Median House Size (sq ft)

$ 3,295,000

42 %

4.0

Market Action Index

Median Number of Bedrooms

Asking Price Per Square Foot

11 %

Percent of Properties with Price Decrease

Strong Buyer's

+

+

+

Altos Research Value Statistics

Most Expensive Listing

Average Days on Market (DoM)

ottom/Fourth

Lower/Third

Upper/Second

Top/First

This Week Real-Time Market Profile Trend

The Market Action Index answers the question "How's the Market?" by measuringthe current rate of sale versus the amount of the inventory. Index above 30implies a seller's advantage. Below 30, conditions give the advantage to thebuyer.

Supply and Demand

Characteristics per Quartile

24 27624

1714.2 49

3.0

5

207

4.0 65

183

2

1

0.50 - 1.0acre

60

$ 2,495,000

3

0

65

7.0

0.25 - 0.50acre

35.0

22908,001 -

10,000 sqft

65

$ 1,350,000

5.0

254

0.25 - 0.50acre$ 4,190,000

6.0$ 8,950,000

50

2

5136

The Market Action Index has beentrending down lately, indicatingdemand falling along with supply.Conditions point to mildly negativetrends for the market.

Monday December 6, 2010

Christophe Choo | Christophe Choo Real Estate Group | (310)777-6342

65

3486

2.6

The median list price in BEVERLYHILLS, CA this week is $3,295,000.

The 260 properties have been on themarket for an average of 204 days.

Most expensive 25% of properties

Upper-middle 25% of properties

Lower-middle 25% of properties

Least expensive 25% of properties

Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.

No change

Strong upward trend Strong downward trend

Slight upward trend Slight downward trend+

==

=

BEVERLY HILLS,

City Overview

Least Expensive Listing

Average List Price

Average Age of Listing

260

$ 0

$ 514,950

$ 5,493,265

47

Trend Key:

The Market Action Index has beentrending lower for several weekswhile prices have remainedrelatively stable. If inventorycontinues to grow relative todemand however, it is likely that wewill see downward pressure onpricing.

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Single Family Home


3/11


City OverviewBEVERLY HILLS,


Median PriceDespite this week's down tic, the market seems to have paused around this plateau. The Market Action Index is a good leadingindicator for the durability of this shift.

90-day Average7-day Average

Quartile PricesPrices have settled at a price plateau across the board. Prices in all four quartiles are basically mixed. Look for a persistent shift(up or down) in the Market Action Index before prices move from these current levels.

First/Top Second/Upper Third/Lower Fourth/Bottom

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Single Family Hom


4/11




Price per Square FootThe market plateau is seen across the price and value. The price per square foot and median list price have both beenreasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves fromthese levels.


Inventory of Properties Listed for SaleInventory has been falling in recent weeks. Note that declining inventory alone does not signal a strengthening market. Look tothe Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply.


Page 4 of 11

Single Family Hom


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Market Action IndexThe BEVERLY HILLS market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Indexstands at 14.70. With several months of inventory available at the current sales rate, buyers should find ample choice.

Buyers/Sellers Cutoff90-day Average

Market Action Index per QuartileNot surprisingly given the overall Market Action Index, all quartiles are in the Buyer's Market zone with several months ofinventory given the current rate of demand for homes in the quartile. Watch the quartile for changes before the overall marketshifts. Often one end of the market (e.g. the low end) will improve and signal a strengthening market before the whole group

changes.


Buyers/Sellers Cutoff

Residential house prices are a function of supply and demand, and market conditions can be characterizedby analyzing those factors. Watch this index for sustained changes: if the index falls into the BuyersAdvantage zone (below 30) for a long period, prices are likely in for a downward correction.

The Market Action Index (MAI) illustrates a balance between supply and demand using a statistical functionof the current rate of sale versus current inventory.

Page 5 of 11

Single Family Hom


6/11




Days on MarketThe properties have been on the market for an average of 204 days. Half of the listings have come newly on the market in thepast 147 or so days.


Days on Market per QuartileIt is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.


Page 6 of 11

Single Family Hom


7/11

Median List Price

Median Lot Size

14.2

Percent Relisted (reset DOM)

4424

5.0

4 %

Median Number of Bathrooms

214

Inventory of Properties Listed

$ 794

Percent Flip (price increased)

0.25 - 0.50 acre

Median House Size (sq ft)

$ 3,749,500

42 %

4.0

Market Action Index

Median Number of Bedrooms

Asking Price Per Square Foot

11 %

Percent of Properties with Price Decrease

Strong Buyer's

+

+

==

Altos Research Value Statistics

Most Expensive Listing

Average Days on Market (DoM)

ottom/Fourth

Lower/Third

Upper/Second

Top/First

This Week Real-Time Market Profile Trend

The Market Action Index answers the question "How's the Market?" by measuringthe current rate of sale versus the amount of the inventory. Index above 30implies a seller's advantage. Below 30, conditions give the advantage to thebuyer.

Supply and Demand

Characteristics per Quartile

22 28500

2104.5 49

3.0

3

189

4.0 57

184

2

1

0.50 - 1.0acre

54

$ 2,950,000

4

0

57

7.5

0.25 - 0.50acre

25.5

25700.25 - 0.50

acre

57

$ 1,525,000

5.0

271

0.50 - 1.0acre$ 4,795,000

6.0$ 10,895,000

53

1

5374

Inventory has been decreasing latelybut the Market Action Index is fallingalso. With days-on-market climbing,these are relatively negativeimplications for the market.



57

3968

3.0

The median list price in BEVERLYHILLS, CA 90210 this week is

$3,749,500. The 228 properties havebeen on the market for an average of214 days.

Most expensive 25% of properties

Upper-middle 25% of properties

Lower-middle 25% of properties

Least expensive 25% of properties

Quartile Median Price Lot Size Beds Baths Age Inventory New Absorbed DOMSq. Ft.

No change

Strong upward trend Strong downward trend

Slight upward trend Slight downward trend+

==

=

BEVERLY HILLS,90

Neighborhood Detail

Least Expensive Listing

Average List Price

Average Age of Listing

228

$ 0

$ 514,950

$ 6,012,965

43

Trend Key:

The Market Action Index has beentrending lower for several weekswhile prices have remainedrelatively stable. If inventorycontinues to grow relative todemand however, it is likely that wewill see downward pressure onpricing.

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Single Family Home


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Neighborhood DetailBEVERLY HILLS,

90


Median PriceRecently prices in this zip have settled at a plateau even though they dipped this week. Look for a persistent up-shift in theMarket Action Index before we see prices significantly move from these levels.


Quartile PricesIn the quartile market segments, we see prices in this zip code have settled at a price plateau across the board. Prices in allfour quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move fromthese current levels.


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Single Family Hom


9/11



90


Price per Square FootThe market plateau is seen across the price and value. The price per square foot and median list price have both beenreasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves fromthese levels.


Inventory of Properties Listed for SaleInventory has been falling in recent weeks. Note that declining inventory alone does not signal a strengthening market. Look tothe Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply.


Page 9 of 11

Single Family Hom


10/11



90


Market Action IndexThe BEVERLY HILLS, 90210 market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day MarketAction Index stands at 14.24. With several months of inventory available at the current sales rate, buyers should find amplechoice.

Buyers/Sellers Cutoff90-day Average

Market Action Index per QuartileNot surprisingly, all quartiles are in the Buyer's Market zone with several months of inventory given the current levels ofdemand. Watch the quartiles for changes before the overall market shifts.


Buyers/Sellers Cutoff

Residential house prices are a function of supply and demand, and market conditions can be characterizedby analyzing those factors. Watch this index for sustained changes: if the index falls into the BuyersAdvantage zone (below 30) for a long period, prices are likely in for a downward correction.

The Market Action Index (MAI) illustrates a balance between supply and demand using a statistical functionof the current rate of sale versus current inventory.

age 10 of 11

Single Family Hom


11/11



90

Monday December 6 2010

Days on MarketThe properties have been on the market for an average of 214 days. Half of the listings have come newly on the market in thepast 161 or so days.


Days on Market per QuartileIt is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.


Page 11 of 11

Single Family Hom

Documents

Christphe Choo Real Estate Group Market Update for Homes in Beverly Hills, California 90210