This Week’s Market Overview
The median list price for Bel Air (Los Angeles, CA 90077) is $7,447,500, with the Market Action Index (MAI) at 27, indicating a slight buyer’s advantage. Inventory has decreased to 110 homes, keeping conditions about the same as last month.
Market Action Index
The Market Action Index gauges the balance between supply and demand:
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Current MAI: 27 (Slight Buyer’s Advantage)
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Last Month’s MAI: 27
The market remains stable in buyer-favored territory. For pricing trends to reverse, we would need to see consistent increases in demand that outpace inventory.
Market Narrative
Bel Air continues to lean toward buyers, with pricing showing weakness compared to recent highs. The balance of sales and inventory has kept the MAI flat. For now, buyers retain negotiating leverage, though a persistent upward trend in MAI could indicate a potential shift toward stronger pricing in the future.
Real-Time Market Profile
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Median List Price: $7,447,500
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Median Price of New Listings: $1,800,000
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Price per Square Foot: $1,258
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Average Days on Market: 189
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Median Days on Market: 126
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Price Decreased: 24% of listings
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Price Increased: 0% of listings
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Relisted Properties: 25%
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Inventory: 110 properties
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Median Rent: $16,000/month
Market Segments
Bel Air’s listings break down into four pricing segments:
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $31,247,500 | 12,994 | 1 - 2.5 acres | 7 | 10 | 38 | 0 | 2 | 168 |
| $9,999,999 | 7,670 | 0.5 - 1 acre | 6 | 7 | 33 | 0 | 1 | 147 |
| $5,447,000 | 4,403 | 0.5 - 1 acre | 4 | 4.5 | 55 | 0 | 0 | 122 |
| $2,250,000 | 2,453 | 0.25 - 0.5 acre | 3 | 3 | 67 | 1 | 3 | 63 |
Conclusion
Bel Air remains in a slight buyer’s market, with prices holding below recent peaks. For sellers, competitive pricing remains key, while buyers benefit from greater leverage and longer market times. A future upward shift in the MAI would be the first sign of strengthening demand.
Contact Information
For expert guidance and exclusive real estate opportunities in Bel Air, contact:
📞 Andrew Spitz: (818) 453-9119 | ✉️ [email protected]
📞 Fran Chavez: (818) 517-1411 | ✉️ [email protected]
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