Los Angeles Condominium Market

polaris.pacific

1TeEuWB

MARKET OVERVIEW CURRENTLY SELLING SOLD OUT ABOUT POLARIS PACIFIC

PAGE 2

Historical Prices and Sales

During the three-month period ending April 30, the median price increased to $679,000, a 7.6 percent increase from the

prior year. The median price has rebounded from 2012 (see Figure 4) and continues to increase. At the same time, there

were 1,088 total resales, a 12.1 percent decrease from the prior year.

FIG 4. MEDIAN PRICE AND RESALES

700

600

500

400

300

200

100

0

Resales

Median Price

2000 2002 2004 2006 2008 2010 2012 2014 2016

$600k

$500k

$400k

$300k

$200k

$100k

$0k

Source: The MLS

Year

Cash and Investor Buyers

Figure 5 provides a historical trend of all-cash and investor buyers in Los Angeles since 2000. For the three months ending

April 30, all-cash transactions represented 31.8 percent of sales, a decrease from 34.9 percent the same time last year.

Investors represented 28.8 percent of buyers, a decrease from 31.5 percent the same time last year.

FIG 5. PERCENT OF CASH AND INVESTOR BUYERS

50%

40%

Absentee Buyer

Cash Buyer

30%

20%

10%

0%

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Source: Realquest

Year

LOS ANGELES MARKET REPORT, MAY 2016

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