LA Westside BlogPOINT Archive


Displaying blog entries 1-2 of 2

LA Westside Sales Highlights - September 2011

by Craig Whitlock

This report will provide a quick overview as to how the Westside micro-markets are currently performing and then compares that data to the same period a year ago.  The key market indicators are:

Pending Sales Activity - sometimes referred to as the 'Number of Properties Under Contract'.  This is a forward-looking indicator of current sales activity where there has been an accepted offer and escrow has opened.

Median Sales Price - that point at which half of the properties have sold for a greater amount and half have sold for a lesser amount.  This indicator pinpoints where in the price spectrum homes have sold rather than reflecting home value.  There is a common mis-perception that a drop in the MSP directly indicates a drop in home value.  It is far more likely that the drop indicates either smaller, older and/or homes in lower-priced areas have sold during the period.

Months Supply of Inventory (MSI) - a leading indicator of market supply, which directly impacts pricing.  Generally, a five to six month supply indicates market equilibrium while anything less signals a 'seller's market' and anything above a 'buyer's market'.  

LA Westside Homes For Sale - Sales Highlights Chart - September 2011   Information not guaranteed.  © 2009 Terradatum and its suppliers and licensors (

To view a portfolio of four additional reports trended over the past 12 months:  Properties For Sale, Days On Market, New Properties For Sale and Supply & Demand, visit the Market Sales Data section.  If you have any questions or would like to discuss this data at greater length, just drop me a note or call.

Do Any Homeowners Still Have Positive Equity Stakes?

by Craig Whitlock

More than you'd think.  All we ever hear of these days are story after story in the media focusing on negative equity and the misery of underwater homeowners.  In balance, it should be noted that there are substantial reserves of positive equity nationwide according to CoreLogic as reported in an article in today's LA Times. 

The Federal Reserve at the end of June reported that homeowners held $6.2 trillion in equity in their homes which is a little less than half of what it was 6 years ago.  Still, approximately 1 out of every 3 homes in America is mortgage-free.  If that's not enough to surprise you, how about the fact that 73.1% of all homes with mortgages have positive equity!  CoreLogic reports that 48.5% have at least 25% equity and 24.6% have more than 50% equity. 

In this study, California is reaffirmed as having considerable stability, affluent and low-construction characteristics in or near the coastal cities with above-average numbers of owners holding 50% equity or more.  You can be sure that the LA Westside ranks at the top of that list!  Conversely, those homes in a negative equity situation are largely concentrated in the interior counties and the Central Valley.  To view home sales data specific to the Westside areas of Bel-Air, Beverly Hills, Brentwood, Pacific Palisades, Santa Monica and Westwood, visit the Market Sales Data section. 

Displaying blog entries 1-2 of 2




Contact Information

Photo of Craig Whitlock Real Estate
Craig Whitlock
11661 San Vicente Blvd., 10th Floor
Los Angeles CA 90049
Mobile: (310) 488-4399
Fax: (310) 820-1457

Broker/Agent does not guarantee the accuracy of the square footage, lot size or other information concerning the conditions or features of properties provided by the seller or obtained from Public Records or other sources as presented in this website.  Interested parties are advised to independently verify the accuracy of all information through personal inspection and with appropriate professionals.  Information herein deemed reliable but not guaranteed.

CalBRE LIC 01827537