Has The Market Stabilized? Examining L.A. County Sales

The following three images are graphic depictions of market trends since December 1st 2008. They are based on data taken from the Greater Los Angeles and Westside MLS:

NOTE: Please click on the images for better reading/viewing. The dark bars represent the median sales price and the lighter bars represent the median list price.


This first graph examines houses sold with a price between $200,000 and $700,000.The median sale price has basically remained steady. The median sales price for December 2008 was $350,000. Twelve months later the Median sales price was $355,000. A slight rise in price which may have more to do with first-time home buyers angling to close before the previous tax credit deadline than an upward trend.



This graph displays homes sold with a purchase price between $701,000 and $2 Million. In this price category we see a drop of $85,000 between December 08' and November 09'. It's interesting to note that last December these home were closing at 97% of their list price. A year later we see a 85% difference in median sold to median list price.



In this last graph we take a look at condo sales between $200-700,000. Here, much like the single family homes in this price category, we see a slight rise of $5,000 over the twelve monthe from December of last year through November of this year. Interesting to note that sellers of these homes seem to be asking for more and getting less than they were 12 months ago.