Sunday, April 15, 2007

Beverlywood Meltdowns

This blog is intended to document the current real estate decline in Beverlywood. The purpose of this site, is to inform and assist people in finding the latest real estate sales information. Everyone now, has access to this information through ZILLOW.com Hopefully, as more recent sales become available, others will add sales information as well. Here is the first Beverlywood meltdown:

9426 Oakmore Rd. LA 90035
SFR 3+2, 2251 sq ft, 7110 sq ft LOT, $1445K, SOLD 6/30/06, $646/sq ft

9418 Oakmore Rd. LA 90035
SFR 3+2. 2203, 7160 sq ft LOT, $1280K, SOLD 12/14/06, $581/sq ft (-10%)

1 comment:

latesummer2008 said...

HPM (House Price Multiplier) for :

9426 OakmoreRd. LA 90035
SFR 3+2m 2251 sq ft, 7110 sq ft LOT, SOLD 6/30/06, $1,445,000

2251/7110 = .32 (HF) House Factor
1.0 - .32 = .68 (LF) Land Factor

$1,445,000 x .32 = $462,400 (HV) House Value
$462,400/2251 = $205.4/sq ft (HV/SQFT)

$1,445,000 x .68 = $982,600 (LV)
$982,600/7110 = 138.2/sq ft (LV/SQFT)


205.4 + 138.2 = 343.6 (HPM)
House Price Multiplier



HPM (House Price Multiplier) for:

9418 Oakmore Rd. LA 90035
SFR, 3+2, 2203, 7160 sq ft LOT, SOLD 12/14/06, $1,280,000

2203/7160 = .31 (HF)
1.0 - .31 = .69 (LF)

$1,280,000 x .31 = $396,800 (HV)
$396,800/2203 = $180.1/sq ft (HV/SQFT)

$1,280,000 x .69 = $883,200 (LV)
$883,200/7160 = $123.4/sq ft (LV/SQFT)

180.1 + 123.4 = 303.5 (HPM)
House Price Multiplier


303.5/343.6 = .883 (-11.7%) in 5.5 months!