Christophe Choo's MARKET UPDATE

BEVERLY HILLS, CA

Current Real Estate Market Conditions for Single Family Homes Trends in Pricing Current Levels of Supply and Demand Value Metrics

Report for the week of March 31, 2014

Presented by Christophe Choo Real Estate Group - Locally Known. Globally Connected. Christophe Choo Real Estate Group www.ChristopheChoo.com - Christophe@ChristopheChoo.com (310)777-6342

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

Single Family Homes in

BEVERLY HILLS, CA

This Week
The median list price in BEVERLY HILLS, CA this week is $3,672,500. The 126 properties have been on the market for an average of 142 days.
Median List Price Average List Price

Real-Time Market Profile

$ 3,672,500 $ 6,206,116 $ 932 142 126 $ 29,500,000 $ 875,000 49 31 % 14 % 8% 4172 0.25 - 0.50 acre 4.0 5.0

Trend
+ +

Asking Price Per Square Foot Average Days on Market (DoM) Inventory of Properties Listed Most Expensive Listing

The Market Action Index has been climbing lately while days-on-market are trending down, these point to a positive near-term outlook for the market.

Least Expensive Listing Average Age of Listing Percent of Properties with Price Decrease Percent Relisted (reset DOM) Percent Flip (price increased) Median House Size (sq ft) Median Lot Size Median Number of Bedrooms

Supply and Demand

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller's Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Median Number of Bathrooms

Altos Research Value Statistics

Market Action Index Seller's Advantage 34.4 + 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 a seller's advantage. Below 30, conditions give the advantage to the buyer.

Trend Key:

No change

== Strong upward trend Strong downward trend = Slight upward trend Slight downward trend

Characteristics per Quartile

Quartile
Top/First Upper/Second Lower/Third Bottom/Fourth
Median Price Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM

$ 12,880,000 $ 6,375,000 $ 2,997,000 $ 1,924,000

7979 5422 3900 2428

0.50 - 1.0 acre 0.25 - 0.50 acre 8,001 10,000 sqft 8,001 10,000 sqft

5.0 5.0 4.0 3.0

6.5 5.5 4.0 2.8

50 50 50 63

31 31 32 32

5 2 3 3

1 5 1 7

183 115 152 119

Most expensive 25% of properties Upper-middle 25% of properties Lower-middle 25% of properties Least expensive 25% of properties

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Monday March 31, 2014

City Overview

Single Family Homes in

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

BEVERLY HILLS, CA

Median Price
The market appears to be hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

7-day Average

90-day Average

Quartile Prices
Pricing trends have been lacking strong directional indication lately. Quartiles 4 and 2 are up while Quartiles 3 and 1 are basically flat in recent weeks. Watch for persistent shifts in the Market Action Index for a leading indicator of stronger price moves in the market as a whole.

First/Top

Second/Upper

Third/Lower

Fourth/Bottom

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Monday March 31, 2014

City Overview

Single Family Homes in

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

BEVERLY HILLS, CA

Price per Square Foot

While prices have been basically flat, the price per square foot has been heading downward. While not a sign of broad strength in a market, larger homes are coming more available and buyers can see more home for their money.

7-day Average

90-day Average

Inventory of Properties Listed for Sale

Inventory has been relatively steady around these levels in recent weeks.

7-day Average

90-day Average

Page 4 of 6

Monday March 31, 2014

City Overview

Single Family Homes in

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

BEVERLY HILLS, CA

Market Action Index

The BEVERLY HILLS market is currently in the Seller's Advantage zone (greater than 30). The 90-day Market Action Index stands at 34.39 which indicates that demand is strong and available supply of homes gets snapped up relatively quickly.

90-day Average

Buyers/Sellers Cutoff

Market Action Index per Quartile

Not surprisingly, all segments in the market are showing high levels of demand. Watch the quartiles for changes before the whole market changes. Often one end of the market (e.g. the high-end) will weaken before the rest of the market and signal a slowdown for the whole group.

First/Top

Second/Upper

Third/Lower

Fourth/Bottom

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

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Monday March 31, 2014

City Overview

Single Family Homes in

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

BEVERLY HILLS, CA

Days on Market
The properties have been on the market for an average of 142 days. Half of the listings have come newly on the market in the past 94 or so days.

7-day Average

90-day Average

Days on Market per Quartile

It is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.

First/Top

Second/Upper

Third/Lower

Fourth/Bottom

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Monday March 31, 2014