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Market report for Southern California area February 2024

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Southern California area

Los Angeles

Jump to Los Angeles Report

Santa Monica

Jump to Santa Monica Report

Brentwood

Jump to Brentwood Report

Marina Del Rey

Jump to Marina Del Rey Report

Pacific Palisades

Jump to Pacific Palisades Report

Culver City

Jump to Culver City Report

Sherman Oaks

Jump to Sherman Oaks Report

Studio City

Jump to Studio City Report

Westlake Village

Jump to Westlake Village Report

Playa Del Rey

Jump to Playa Del Rey Report

Venice

Jump to Venice Report

West Hollywood

Jump to West Hollywood Report

Beverly Hills

Jump to Beverly Hills Report

Riverside County

Jump to Riverside County Report

Encino

Jump to Encino Report

San Diego County

Jump to San Diego County Report

Inglewood

Jump to Inglewood Report

Orange County

Jump to Orange County Report

What’syourhome reallyworthin today’smarket?

That's the question you should be asking yourself.

Our market is incredibly diverse and rapidly changing. Values vary not just by neighborhood but by street. Your home isn't necessarily worth what your neighbors' home is. It's the current market that sets the value of your home.

So, do you know what your home is worth in today's market?

Contact me for a confidential, no obligation assessment of your home's value.

WhyHavingYourOwnAgent MattersWhenBuyingaNew ConstructionHome

Finding the right home is one of the biggest challenges for potential buyers today. Right now, the supply of homes for sale is still low. But there is a bright spot. Newly built homes make up a larger percent of the total homes available for sale than normal. That’s why, if you’re craving more options, it makes sense to see if a newly built home is right for you.

But it’s important to remember the process of working with a builder is different than buying from a homeowner. And, while builders typically have sales agents on-site, having your own agent helps make sure you have proper representation throughout your homebuying journey. As Realtor.com says:

“Keep in mind that the on-site agent you meet at a new-construction office works for the builder. So, as the homebuyer, it’s a smart idea to bring in your own agent, as well, to help you negotiate and stay protected in the transaction.”

Here’s how having your own agent is key when you build or buy a new construction home.

WHAT ARE PREPAID COSTS

WHEN BUYING A HOME?

Embarking on the journey of homeownership brings both excitement and unexpected costs. Closing fees, down payments, and more can catch you off guard. American Home Shield is here to break down the upfront expenses and help you navigate the homebuying process confidently.

Unraveling the mystery of prepaid costs in home buying! These serve as a safety net for lenders, covering taxes, interest, and insurance. Here's a breakdown:

1

2

Prepaid interest on a mortgage:

Pay interest from closing to month-end. Opt for a month-end closing to minimize this cost.

Prepaid property taxes at closing:

Sellers settle their owed taxes at closing, and you prepay from your escrow account.

3

4

Prepaid homeowners insurance at closing:

Cover one year in advance, ensuring your lender that potential damages will be addressed.

Initial escrow payment at closing:

Acts as a deposit (earnest money) for future insurance or tax payments, showing commitment to the purchase.

While it might seem complex, prepaid costs are expenses you'd pay anyhow. They ease the burden on buyers by handling crucial payments, streamlining the process and leaving you with fewer tasks on your homeowner checklist

What are prepaid costs when buying a home? READY TO GET STARTED?

Contact me, your Real Estate Expert, for support and to learn more about AHS.

Looking to lighten the mood in your laundry room?

EIGHTEYECATCHING

Laundry Room Colors

To Look Out For

These refreshing colors make the wash-and-dry chore a little more pleasant.

Tranquil Blue

View it here

Eight Colrs fo Laundry

Sage Green

View it here

White

View it here

Yellow

View it here

Gray

View it here

Dusty Pink

View it here

View it here

Navy Blue Purple

View it here

Create a tranquil laundry space with Benjamin Moore's Beach Glass Its light blue shade, coupled with a subtle gray undertone, offers a clean and versatile aesthetic that avoids any baby nursery associations.

Transform your space with earthy tones like October Mist and Gloucester Sage from Benjamin Moore Test out the trendy sage in your laundry room for a lowcommitment update easy to change and customize, ensuring lasting satisfaction with your design choice.

Create an elegant laundry room with Chantilly Lace by Benjamin Moore The classic white choice adds sophistication, opens up the space, and simplifies stain detection

Elevate your laundry space with the energizing touch of yellow. Behr's Roasted Corn or Upbeat bring warmth and optimism, while Pearly White offers a mellow option a yellow-based white that brings a perfect harmony of vibrancy and calmness.

Gray remains a top choice for laundry room walls, providing a timeless and serene backdrop A soft gray for a whisper of sophistication, easily personalized with printed patterned tile flooring or Behr's bold 2024 Color of the Year, Cracked Pepper

Sherwin-Williams' Rosebud for a touch of romance in laundry rooms. The dusty pink hue, paired with gold accents, adds a luxurious and warm atmosphere.

Navy as the key to a striking laundry room Beyond lighter blues, navy paired with lighter accents or white fixtures, especially Benjamin Moore's Hale Navy, creates a bold choice that makes the laundry room stand out.

Dare to take a style risk in your laundry room with a pop of color. Opt for the subtle smoky lavender of Farrow & Ball's Peignoir for a neutral touch or go all-out glam with Backdrop's dark and vampy McQueen, drawing inspiration from the famous fashion designer.

Source : https://www familyhandyman com/list/laundry-room-colors/

YOUR NEIGHBORHOOD ESCROW COMPANY

RESOLUTIONESCROW SPECIALTIES

Take a look at the services that we provide.

VENDOR DIRECTORY

When it comes to homeownership, knowing who you can trust is crucial. That's why we've curated a select list of trusted vendors who are ready to help with your home goals.

LosAngeles

What's in the Los Angeles data?

There were 11,009 single-family homes for sale, providing 2.7 months of inventory. There were 3,581 new listings, and 2,044 homes sold at a median price of $899k. The median overbid percentage was at 95.6%, with an average of 38 days on the market.

There were 4,004 condo and townhome units for sale, providing 2 6 months of inventory There were 1,372 new listings and 703 units sold at a median sale price of $650k. The median overbid percentage was at 96.9%, with an average of 44 days on the market.

He-Family Homes

3,581 New Listings

2,044 Sold Listings

2.7 Months of Inventory

$899K

Median Sale Price

95.6%

Median Sale vs List

38 Avg Days on Market

sourced from Broker Metrics, includes all single-family homes, condos and in the California Area from January 2023 to January 2024. This may include data, and may vary from the time the data was gathered. All data is deemed not guaranteed. DRE# 01499010. Copyright KW Advisors Santa Monica | Brentwood | Marina Del Rey 2024. Each office is independently owned and operated.

Condo & Townhomes

1,372

New Listings

703

Sold Listings

2.6

Months of Inventory

$650K

Median Sale Price 96.9%

Median Sale vs List

44 Avg Days on Market

LosAngeles

JANUARY 2023 - JANUARY 2024

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

Median SalesPrice

Single-Family Homes

The median sales price has increased from $842k last January 2023, to $899k as of January 2024

Condos & Townhomes

The median sales price has increased from $625k last January 2023, to $650k as of January 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 46 days last January 2023, to 38 days as of January 2024

Condos & Townhomes

The average time spent on the market went down from 46 days in January 2023, to 44 days as of January 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 93 8% last January 2023, to 95 6% a year later

Condos & Townhomes

The overbid percentage has increased from 96.4% last January 2023, to 96.9% a year later.

Santa Monica

What's in the Santa Monica data?

There were 116 single-family homes for sale, providing 6.9 months of inventory. There were 25 new listings, and 15 homes sold at a median price of $3m. The median overbid percentage was at 96 6%, with an average of 33 days on the market

There were 145 condo and townhome units for sale, providing 3.6 months of inventory. There were 50 new listings and 19 units sold at a median sale price of $1.3m. The median overbid percentage was at 93.8%, with an average of 97 days on the market.

SFH

Single-Family Homes

25 New Listings

15 Sold Listings

6.9 Months of Inventory

$3M Median Sale Price

96.6% Median Sale vs List

33 Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from January 2023 to January 2024. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01499010. Copyright KW Advisors Santa Monica | Brentwood | Marina Del Rey 2024. Each office is independently owned and operated.

Condo & Townhomes

50

New Listings

19 Sold Listings

3.6

Months of Inventory

$1.3M

Median Sale Price 93.8%

Median Sale vs List

97 Avg Days on Market

antaMonica

JANUARY 2023 - JANUARY 2024

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

Median SalesPrice

Single-Family Homes

The median sales price has decreased from $3 1m last January 2023, to $3m as of January 2024

Condos & Townhomes

The median sales price has increased from $1 1m last January 2023, to $1 3m as of January 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 82 days last January 2023, to 33 days as of January 2024

Condos & Townhomes

The average time spent on the market went up from 43 days in January 2023, to 97 days as of January 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 95 1% last January 2023, to 96 6% a year later

Condos & Townhomes

The overbid percentage has increased from 93.6% last January 2023, to 93.8% a year later.

Brentwood

What's in the Brentwood data?

There were 114 single-family homes for sale, providing 7.1 months of inventory. There were 39 new listings, and 8 homes sold at a median price of $4.5m. The median overbid percentage was at 98.4%, with an average of 40 days on the market.

There were 70 condo and townhome units for sale, providing 3.3 months of inventory. There were 23 new listings and 6 units sold at a median sale price of $1.1m. The median overbid percentage was at 91.8%, with an average of 66 days on the market.

SFH

Single-Family Homes

39 New Listings

8 Sold Listings

7.1 Months of Inventory

$4.5M Median Sale Price

98.4% Median Sale vs List

40 Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from January 2023 to January 2024. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01499010. Copyright KW Advisors Santa Monica | Brentwood | Marina Del Rey 2024. Each office is independently owned and operated.

Condo & Townhomes

23

New Listings

6 Sold Listings

3.3

Months of Inventory

$1.1M

Median Sale Price

91.8%

Median Sale vs List

66 Avg Days on Market

JANUARY 2023 - JANUARY 2024

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

Median SalesPrice

Single-Family Homes

The median sales price has increased from $3 6m last January 2023, to $4 5m as of January 2024

Condos & Townhomes

The median sales price has increased from $885k last January 2023, to $1 1m as of January 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 41 days last January 2023, to 40 days as of January 2024

Condos & Townhomes

The average time spent on the market went up from 47 days in January 2023, to 66 days as of January 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 88 9% last January 2023, to 98 4% a year later

Condos & Townhomes

The overbid percentage has decreased from 99.4% last January 2023, to 91.8% a year later.

Marina DelRey

What's in the Marina Del Rey data?

There were 20 single-family homes for sale, providing 3.8 months of inventory. There were 4 new listings, and 0 homes sold at a median price of $0. The median overbid percentage was at 0%, with an average of 62 days on the market

There were 87 condo and townhome units for sale, providing 3.8 months of inventory. There were 24 new listings and 13 units sold at a median sale price of $1.2m. The median overbid percentage was at 94.7%, with an average of 44 days on the market.

SFH

Single-Family Homes

4 New Listings

0 Sold Listings

3.8 Months of Inventory

$0 Median Sale Price

0% Median Sale vs List

62 Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from January 2023 to January 2024. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01499010. Copyright KW Advisors Santa Monica | Brentwood | Marina Del Rey 2024. Each office is independently owned and operated.

24

New Listings

13 Sold Listings

3.8

Months of Inventory

$1.2M

Median Sale Price 94.7%

Median Sale vs List

44 Avg Days on Market

MarinaDelRey

JANUARY 2023 - JANUARY 2024

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

Median SalesPrice

Single-Family Homes

The median sales price has decreased from $8 1m last January 2023, to $0 as of January 2024

Condos & Townhomes

The median sales price has increased from $1 20m last January 2023, to $1 23m as of January 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 0 days last January 2023, to 62 days as of January 2024

Condos & Townhomes

The average time spent on the market went up from 31 days in January 2023, to 44 days as of January 2024.

Overbids

Single-Family Homes

The overbid percentage has decreased from 88 9% last January 2023, to 0% a year later

Condos & Townhomes

The overbid percentage has increased from 93.5% last January 2023, to 94.7% a year later.

Pacific Palisades

What's in the Pacific Palisades data?

There were 113 single-family homes for sale, providing 6.8 months of inventory. There wer new listings, and 11 homes sold at a median of $4.3m. The median overbid percentage wa 85 4%, with an average of 30 days on the ma

There were 20 condo and townhome units fo sale, providing 2.8 months of inventory. Ther were 9 new listings and 4 units sold at a med sale price of $1.1m. The median overbid percentage was at 91.4%, with an average of days on the market.

SFH

Single-Family Homes

37 New Listings

11 Sold Listings

6.8 Months of Inventory

$4.3M Median Sale Price

85.4% Median Sale vs List

30 Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from January 2023 to January 2024. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01499010. Copyright KW Advisors Santa Monica | Brentwood | Marina Del Rey 2024. Each office is independently owned and operated.

9

New Listings

4 Sold Listings

2.8

Months of Inventory

$1.1M

Median Sale Price

91.4%

Median Sale vs List

24 Avg Days on Market

PacificPalisades

JANUARY 2023 - JANUARY 2024

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

Median SalesPrice

Single-Family Homes

The median sales price has increased from $2 8m last January 2023, to $4 3m as of January 2024

Condos & Townhomes

The median sales price has decreased from $2 7m last January 2023, to $1 1m as of January 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 26 days last January 2023, to 30 days as of January 2024

Condos & Townhomes

The average time spent on the market went up from 10 days in January 2023, to 24 days as of January 2024.

Overbids

Single-Family Homes

The overbid percentage has decreased from 96 6% last January 2023, to 85 4% a year later

Condos & Townhomes

The overbid percentage has decreased from 97.7% last January 2023, to 91.4% a year later.

Culver City

What's in the Culve

There were 61 single-family h providing 4 months of invent new listings, and 6 homes so of $1.8m. The median overbi 97.4%, with an average of 34

There were 45 condo and tow sale, providing 1.8 months of were 15 new listings and 8 u sale price of $645k. The med percentage was at 95.6%, wi days on the market

SFH

Single-Family Homes

21 New Listings

4 Months of Inventory

97.4% Median Sale vs List

6 Sold Listings

$1.8M Median Sale Price

34 Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from January 2023 to January 2024. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01499010. Copyright KW Advisors Santa Monica | Brentwood | Marina Del Rey 2024. Each office is independently owned and operated.

15

New Listings

8

Sold Listings

1.8

Months of Inventory

$645K

Median Sale Price 95.6%

Median Sale vs List

52

Avg Days on Market

ulverCity

JANUARY 2023 - JANUARY 2024

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

Median SalesPrice

Single-Family Homes

The median sales price has increased from $1 4m last January 2023, to $1 8m as of January 2024

Condos & Townhomes

The median sales price has increased from $626k last January 2023, to $645k as of January 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market stayed the same from 34 days last January 2023, to 34 days as of January 2024

Condos & Townhomes

The average time spent on the market went up from 13 days in January 2023, to 52 days as of January 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 90% last January 2023, to 97 4% a year later

Condos & Townhomes

The overbid percentage has decreased from 96.3% last January 2023, to 95.6% a year later.

Sherm Oaks

What's in the Sher

data?

There were 160 single-family providing 2.7 months of inve new listings, and 20 homes s of $1.3m. The median overbi 98 7%, with an average of 61

There were 49 condo and tow sale, providing 2.7 months of were 17 new listings and 7 u sale price of $720k. The med percentage was at 97.1%, wi days on the market.

SFH

Single-Family Homes

46 New Listings

2.7 Months of Inventory

98.7%

Median Sale vs List

20 Sold Listings

$1.3M Median Sale Price

61 Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from January 2023 to January 2024. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01499010. Copyright KW Advisors Santa Monica | Brentwood | Marina Del Rey 2024. Each office is independently owned and operated.

New Listings

7

Sold Listings

2.7

Months of Inventory

$720K

Median Sale Price 97.1%

Median Sale vs List

66

Avg Days on Market

Median SalesPrice

Single-Family Homes

The median sales price has decreased from $1 7m last January 2023, to $1 3m as of January 2024

Condos & Townhomes

The median sales price has decreased from $799k last January 2023, to $720k as of January 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 30 days last January 2023, to 61 days as of January 2024

Condos & Townhomes

The average time spent on the market went up from 42 days in January 2023, to 66 days as of January 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 92 2% last January 2023, to 98 7% a year later

Condos & Townhomes

The overbid percentage has increased from 96.7% last January 2023, to 97.1% a year later.

StudioCity

What's in the Studio City data?

There were 124 single-family homes for sale, providing 4.8 months of inventory. There were 40 new listings, and 16 homes sold at a median price of $1.8m. The median overbid percentage was at 95.3%, with an average of 41 days on the market.

There were 40 condo and townhome units for sale, providing 2.3 months of inventory. There were 22 new listings and 6 units sold at a median sale price of $702k. The median overbid percentage was at 100.9%, with an average of 23 days on the market.

SFH

Single-Family Homes

40 New Listings

16 Sold Listings

4.8 Months of Inventory

$1.8M Median Sale Price

95.3% Median Sale vs List

41 Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from January 2023 to January 2024. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01499010. Copyright KW Advisors Santa Monica | Brentwood | Marina Del Rey 2024. Each office is independently owned and operated.

22

New Listings

6

Sold Listings

2.3

Months of Inventory

100.9%

Median Sale vs List

$702k

Median Sale Price

23

Avg Days on Market

StudioCity

JANUARY 2023 - JANUARY 2024

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

Median SalesPrice

Single-Family Homes

The median sales price has increased from $1 6m last January 2023, to $1 8m as of January 2024

Condos & Townhomes

The median sales price has decreased from $758k last January 2023, to $702k as of January 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 28 days last January 2023, to 41 days as of January 2024

Condos & Townhomes

The average time spent on the market went down from 115 days in January 2023, to 23 days as of January 2024.

Overbids

Single-Family Homes

The overbid percentage has decreased from 102 8% last January 2023, to 95 3% a year later

Condos & Townhomes

The overbid percentage has increased from 95.8% last January 2023, to 100.9% a year later.

Westlake Village

What's in the Westlake Village data?

There were 97 single-family homes for sale, providing 2.8 months of inventory. There were 32 new listings, and 25 homes sold at a median price of $1.5m. The median overbid percentage was at 97%, with an average of 37 days on the market

There were 41 condo and townhome units for sale, providing 1.3 months of inventory. There were 14 new listings and 12 units sold at a median sale price of $785k. The median overbid percentage was at 97.7%, with an average of 42 days on the market.

SFH

Single-Family Homes

32 New Listings

25 Sold Listings

2.8 Months of Inventory

$1.5M Median Sale Price

97% Median Sale vs List

37 Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from January 2023 to January 2024. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01499010. Copyright KW Advisors Santa Monica | Brentwood | Marina Del Rey 2024. Each office is independently owned and operated.

14

New Listings

12

Sold Listings

1.3

Months of Inventory

$785K

Median Sale Price 97.7%

Median Sale vs List

42 Avg Days on Market

Median SalesPrice

Single-Family Homes

The median sales price has increased from $1 2m last January 2023, to $1 5m as of January 2024

Condos & Townhomes

The median sales price has decreased from $799k last January 2023, to $785k as of January 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 48 days last January 2023, to 37 days as of January 2024

Condos & Townhomes

The average time spent on the market went down from 94 days in January 2023, to 42 days as of January 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 95 5% last January 2023, to 97% a year later

Condos & Townhomes

The overbid percentage has decreased from 97.9% last January 2023, to 97.7% a year later.

Play Del

What's in t data?

There were 18 s providing 2 mon new listings, and $2m. The media 111 1%, with an

There were 28 c sale, providing 2 were 9 new listin sale price of $83 percentage was days on the mar

SFH

Single-Family Homes

5 New Listings

1 Sold Listing

2 Months of Inventory

$2M Median Sale Price

111.1%

Median Sale vs List

66 Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from January 2023 to January 2024. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01499010. Copyright KW Advisors Santa Monica | Brentwood | Marina Del Rey 2024. Each office is independently owned and operated.

New Listings

3 Sold Listings

2.2

Months of Inventory

$830K

Median Sale Price 99.3%

Median Sale vs List

36 Avg Days on Market

Median SalesPrice

Single-Family Homes

The median sales price has increased from $1 6m last January 2023, to $2m as of January 2024

Condos & Townhomes

The median sales price has increased from $765k last January 2023, to $830k as of January 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 79 days last January 2023, to 66 days as of January 2024

Condos & Townhomes

The average time spent on the market went down from 52 days in January 2023, to 36 days as of January 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 96 4% last January 2023, to 111 1% a year later

Condos & Townhomes

The overbid percentage has increased from 98.3% last January 2023, to 99.3% a year later.

Venice

What's in the Venice data?

There were 129 single-family homes for sale, providing 6.3 months of inventory. There were 39 new listings, and 11 homes sold at a median price of $2.4m. The median overbid percentage was at 85.5%, with an average of 40 days on the market.

There were 18 condo and townhome units for sale, providing 6.5 months of inventory. There were 5 new listings and 4 units sold at a median sale price of $1.4m. The median overbid percentage was at 98.4%, with an average of 30 days on the market.

SFH

Single-Family Homes

39 New Listings

11 Sold Listings

6.3 Months of Inventory

$2.4M Median Sale Price

85.5% Median Sale vs List

40 Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from January 2023 to January 2024. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01499010. Copyright KW Advisors Santa Monica | Brentwood | Marina Del Rey 2024. Each office is independently owned and operated.

5

New Listings

4 Sold Listings

6.5

Months of Inventory

$1.4M

Median Sale Price 98.4%

Median Sale vs List

30 Avg Days on Market

Median SalesPrice

Single-Family Homes

The median sales price has increased from $1 9m last January 2023, to $2 4m as of January 2024

Condos & Townhomes

The median sales price has decreased from $1 5m last January 2023, to $1 4m as of January 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 42 days last January 2023, to 40 days as of January 2024

Condos & Townhomes

The average time spent on the market went down from 42 days in January 2023, to 30 days as of January 2024.

Overbids

Single-Family Homes

The overbid percentage has decreased from 89 5% last January 2023, to 85 5% a year later

Condos & Townhomes

The overbid percentage has increased from 95.6% last January 2023, to 98.4% a year later.

West Hollyw

What's in the West data?

There were 53 single-family h providing 13.3 months of inve new listings, and 1 home sold $1.3m. The median overbid pe 93.2%, with an average of 33 d

There were 170 condo and tow sale, providing 6.5 months of were 48 new listings and 18 u sale price of $862k. The medi percentage was at 94.3%, with days on the market.

SFH

Single-Family Homes

10 New Listings

1 Sold Listing

13.3 Months of Inventory

$1.3M Median Sale Price

93.2% Median Sale vs List

33 Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from January 2023 to January 2024. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01499010. Copyright KW Advisors Santa Monica | Brentwood | Marina Del Rey 2024. Each office is independently owned and operated.

48

New Listings

18 Sold Listings

6.5

Months of Inventory

$862K

Median Sale Price 94.3%

Median Sale vs List

54 Avg Days on Market

Median SalesPrice

Single-Family Homes

The median sales price has decreased from $1 8m last January 2023, to $1 3m as of January 2024

Condos & Townhomes

The median sales price has decreased from $1 3m last January 2023, to $862k as of January 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 77 days last January 2023, to 33 days as of January 2024

Condos & Townhomes

The average time spent on the market went up from 21 days in January 2023, to 54 days as of January 2024.

Overbids

Single-Family Homes

The overbid percentage has remained the same at 93 2% last January 2023, to 93 2% a year later

Condos & Townhomes

The overbid percentage has decreased from 99.4% last January 2023, to 94.3% a year later.

Beverly Hills

What's in the Beve data?

There were 259 single-family providing 10.4 months of inv new listings, and 16 homes s of $7m. The median overbid 85 9%, with an average of 38

There were 70 condo and tow sale, providing 19.3 months o were 13 new listings and 8 u sale price of $1.4m. The med percentage was at 94.3%, wi days on the market.

SFH

Single-Family Homes

62 New Listings

10.4 Months of Inventory

85.9% Median Sale vs List

16 Sold Listings

$7M Median Sale Price

38 Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from January 2023 to January 2024. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01499010. Copyright KW Advisors Santa Monica | Brentwood | Marina Del Rey 2024. Each office is independently owned and operated.

New Listings

8

Sold Listings

19.3

Months of Inventory

$1.4M

Median Sale Price 94.3%

Median Sale vs List

123 Avg Days on Market

Median SalesPrice

Single-Family Homes

The median sales price has increased from $4 7m last January 2023, to $7m as of January 2024

Condos & Townhomes

The median sales price has decreased from $3 2m last January 2023, to $1 4m as of January 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market remained the same at 38 days last January 2023, to 38 days as of January 2024

Condos & Townhomes

The average time spent on the market went up from 47 days in January 2023, to 123 days as of January 2024.

Overbids

Single-Family Homes

The overbid percentage has decreased from 93 7% last January 2023, to 85 9% a year later

Condos & Townhomes

The overbid percentage has decreased from 96.5% last January 2023, to 94.3% a year later.

Riverside County

What's in the Riverside County

data?

There were 8,003 single-family homes for sale, providing 2.6 months of inventory. There were 2,355 new listings, and 1,366 homes sold at a median price of $599k. The median overbid percentage was at 96.4%, with an average of 48 days on the market

There were 1,740 condo and townhome units for sale, providing 3.2 months of inventory. There were 499 new listings and 234 units sold at a median sale price of $469k. The median overbid percentage was at 95.6%, with an average of 52 days on the market.

SFH

Single-Family Homes

2,355 New Listings

1,366 Sold Listings

2.6 Months of Inventory

$599K Median Sale Price

96.4%

Median Sale vs List

48 Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from January 2023 to January 2024. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01499010. Copyright KW Advisors Santa Monica | Brentwood | Marina Del Rey 2024. Each office is independently owned and operated.

499

New Listings

234

Sold Listings

3.2

Months of Inventory

$469K

Median Sale Price 95.6%

Median Sale vs List 52 Avg Days on Market

Condos & Townhomes

Last 12 months, year-over-year

Median SalesPrice

Single-Family Homes

The median sales price has increased from $560k last January 2023, to $599k as of January 2024

Condos & Townhomes

The median sales price has increased from $417k last January 2023, to $469k as of January 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 58 days last January 2023, to 48 days as of January 2024

Condos & Townhomes

The average time spent on the market went up from 48 days in January 2023, to 52 days as of January 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 94 2% last January 2023, to 96 4% a year later

Condos & Townhomes

The overbid percentage has increased from 95.5% last January 2023, to 95.6% a year later.

Encino

What's in the Encino data?

There were 176 single-family homes for sale, providing 5.3 months of inventory. There were 68 new listings, and 16 homes sold at a median price of $2.3m. The median overbid percentage was at 93.1%, with an average of 46 days on the market.

There were 46 condo and townhome units for sale, providing 1.9 months of inventory. There were 17 new listings and 9 units sold at a median sale price of $575k. The median overbid percentage was at 94%, with an average of 52 days on the market.

SFH

Single-Family Homes

68 New Listings

16 Sold Listings

5.3 Months of Inventory

$2.3M Median Sale Price

93.1% Median Sale vs List

46 Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from January 2023 to January 2024. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01499010. Copyright KW Advisors Santa Monica | Brentwood | Marina Del Rey 2024. Each office is independently owned and operated.

New Listings

9

Sold Listings

1.9

Months of Inventory

$575K

Median Sale Price 94%

Median Sale vs List

52 Avg Days on Market

Encino

JANUARY 2023 - JANUARY 2024

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

Median SalesPrice

Single-Family Homes

The median sales price has increased from $2 2m last January 2023, to $2 3m as of January 2024

Condos & Townhomes

The median sales price has increased from $562k last January 2023, to $575k as of January 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 36 days last January 2023, to 46 days as of January 2024

Condos & Townhomes

The average time spent on the market went up from 43 days in January 2023, to 52 days as of January 2024.

Overbids

Single-Family Homes

The overbid percentage has decreased from 93 2% last January 2023, to 93 1% a year later

Condos & Townhomes

The overbid percentage has increased from 91.5% last January 2023, to 94% a year later.

SanDiego County

What's in the San Diego County data?

There were 4,680 single-family homes for sale, providing 2.3 months of inventory. There were 1,566 new listings, and 932 homes sold at a median price of $955k. The median overbid percentage was at 96 9%, with an average of 31 days on the market.

There were 2,308 condo and townhome units for sale, providing 2.1 months of inventory. There were 879 new listings and 477 units sold at a median sale price of $640k. The median overbid percentage was at 97.7%, with an average of 27 days on the market

SFH

Single-Family Homes

1,566 New Listings

932 Sold Listings

2.3 Months of Inventory

$955K Median Sale Price

96.9%

Median Sale vs List

31

Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from January 2023 to January 2024. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01499010. Copyright KW Advisors Santa Monica | Brentwood | Marina Del Rey 2024. Each office is independently owned and operated.

Condo

& Townhomes

879

New Listings

477

Sold Listings

2.1

Months of Inventory

$640K

Median Sale Price 97.7%

Median Sale vs List

27

Avg Days on Market

SanDiegoCounty

JANUARY 2023 - JANUARY 2024

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

Median SalesPrice

Single-Family Homes

The median sales price has increased from $840k last January 2023, to $955k as of January 2024

Condos & Townhomes

The median sales price has increased from $585k last January 2023, to $640k as of January 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 40 days last January 2023, to 31 days as of January 2024

Condos & Townhomes

The average time spent on the market went down from 34 days in January 2023, to 27 days as of January 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 93 5% last January 2023, to 96 9% a year later

Condos & Townhomes

The overbid percentage has increased from 96.2% last January 2023, to 97.7% a year later.

Inglewood

What's in the Inglewood da

There were 76 single-family homes for sa providing 2.7 months of inventory. There w new listings, and 12 homes sold at a med of $766k. The median overbid percentage 98.6%, with an average of 62 days on the

There were 43 condo and townhome units sale, providing 1.9 months of inventory. T were 13 new listings and 8 units sold at a sale price of $439k. The median overbid percentage was at 87.4%, with an average days on the market.

SFH

Single-Family Homes

22 New Listings

12 Sold Listings

2.7 Months of Inventory

$766K Median Sale Price

98.6% Median Sale vs List

62 Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from January 2023 to January 2024. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01499010. Copyright KW Advisors Santa Monica | Brentwood | Marina Del Rey 2024. Each office is independently owned and operated.

New Listings

8

Sold Listings

1.9

Months of Inventory

$439K

Median Sale Price 87.4%

Median Sale vs List 56

Avg Days on Market

JANUARY 2023 - JANUARY 2024

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

Median SalesPrice

Single-Family Homes

The median sales price has decreased from $815k last January 2023, to $766k as of January 2024

Condos & Townhomes

The median sales price has decreased from $525k last January 2023, to $439k as of January 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 50 days last January 2023, to 62 days as of January 2024

Condos & Townhomes

The average time spent on the market went up from 32 days in January 2023, to 56 days as of January 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 95 3% last January 2023, to 98 6% a year later

Condos & Townhomes

The overbid percentage has decreased from 95.4% last January 2023, to 87.4% a year later.

Orange County

What's in the Orange County data?

There were 2,956 single-family homes for sale, providing 1.8 months of inventory. There were 1,047 new listings, and 692 homes sold at a median price of $1.3m. The median overbid percentage was at 96 5%, with an average of 33 days on the market.

There were 1,500 condo and townhome units for sale, providing 1.5 months of inventory. There were 635 new listings and 425 units sold at a median sale price of $725k. The median overbid percentage was at 98.4%, with an average of 31 days on the market

SFH

Single-Family Homes

1,047

New Listings

692 Sold Listings

1.8 Months of Inventory

$1.3M

Median Sale Price

96.5%

Median Sale vs List

33

Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from January 2023 to January 2024. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed. DRE# 01499010. Copyright KW Advisors Santa Monica | Brentwood | Marina Del Rey 2024. Each office is independently owned and operated.

Condo & Townhomes

635

New Listings

425

Sold Listings

1.5

Months of Inventory

$725K

Median Sale Price 98.4%

Median Sale vs List

31 Avg Days on Market

rangeCounty

JANUARY 2023 - JANUARY 2024

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

Median SalesPrice

Single-Family Homes

The median sales price has increased from $1 1m last January 2023, to $1 3m as of January 2024

Condos & Townhomes

The median sales price has increased from $655k last January 2023, to $725k as of January 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 47 days last January 2023, to 33 days as of January 2024

Condos & Townhomes

The average time spent on the market went down from 45 days in January 2023, to 31 days as of January 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 92 4% last January 2023, to 96 5% a year later

Condos & Townhomes

The overbid percentage has increased from 95.5% last January 2023, to 98.4% a year later.

444 Washington Blvd Marina Del Rey, CA 90292, United States

845 Vía De La Paz, Pacific Palisades, CA 90272, United States

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Market report for Southern California area February 2024 by Procasa Technologies, Inc - Issuu