Market report for Southern California area October 2023 by Procasa Technologies, Inc

October 2023 Copyright by KW Advisors 2023

Southern California area

Los Angeles

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Santa Monica

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Brentwood

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Marina Del Rey

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Pacific Palisades

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Culver City

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Sherman Oaks

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Studio City

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Westlake Village

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Playa Del Rey

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Venice

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West Hollywood

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Beverly Hills

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Riverside County

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Encino

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San Diego County

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Inglewood

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Orange County

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Opting to stay living in your home during a remodel can feel like a stressful and cramped arrangement. It can be frustrating to live amidst subcontractors coming and going, noise levels, dust and debris, and rotating schedules.

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LosAngeles

What's in the Los Angeles data?

There were 12,071 single-family homes for sale, providing 2.8 months of inventory. There were 3,580 new listings, and 2,658 homes sold at a median price of $940k. The median overbid percentage was 98.2%, with an average of 30 days on the market.

There were 4,134 condo and townhome units for sale, providing 3 months of inventory There were 1,295 new listings and 891 units sold at a median price of $675k. The median overbid percentage was 99%, with an average of 31 days on the market.

0K Price 58 s homes, condos and September 2023. This may was gathered. All data is Copyright KW Advisors Santa independently owned and Market

CONDO

Condo & Townhomes

1,295 New Listings

891 Sold Listings

3 Months of Inventory

$675K Median Sale Price

99% Median Sale vs List

31 Avg Days on Market

osAngeles

SEPTEMBER 2022 - SEPTEMBER 2023

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 20000 15000 10000 5000 0 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 6000 4000 2000 0 LISTINGS FOR SALE SOLD LISTINGS

Median SalesPrice

Single-Family Homes

The median sales price has increased from $909k last September 2022, to $940k as of September 2023

Condos & Townhomes

The median sales price has increased from $650k last September 2022, to $675k as of September 2023

Overbids

Single-Family Homes

The overbid percentage has increased from 96 3% last September 2022, to 98 2% a year later

Condos & Townhomes

The overbid percentage has increased from 97.4% last September 2022, to 99% a year later.

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 34 days last September 2022, to 30 days as of September 2023

Condos & Townhomes

The average time spent on the market went down from 33 days in September 2022, to 31 days as of September 2023.

Back to Table of Contents Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 $1,000,000 $750,000 $500,000 $250,000 $0 Sep2022 Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023 Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 50 40 30 20 10 0 Sep2022 Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023 Apr2023May2023 Jun2023 Jul2023Aug2023Sep2023 125% 100% 75% 50% 25% 0%

Monica Santa

What's in the Santa Monica data?

There were 145 single-family homes for sale, providing 7.1 months of inventory. There were 38 new listings and 18 homes sold at a median price of $3.2m. The median overbid percentage was 98 9%, with an average of 34 days on the market

There were 140 condo and townhome units for sale, providing 5 months of inventory. There were 47 new listings and 27 units sold at a median price of $1.1m. The median overbid percentage was 100.8%, with an average of 27 days on the market.

SFH Single-Family Homes

38 New Listings

18 Sold Listings

7.1 Months of Inventory

$3.2M Median Sale Price

98.9% Median Sale vs List

34 Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from September 2022 to September 2023. 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 2023. Each office is independently owned and operated.

47 New Listings

5 Months of Inventory

Median Sale vs List

Avg Days on Market

$1.1M Median Sale Price 100.8%

Condo & Townhomes

27 Sold Listings CONDO

SantaMonica

SEPTEMBER 2022 - SEPTEMBER 2023

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 200 150 100 50 0 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 Sep2023 200 150 100 50 0 LISTINGS FOR SALE SOLD LISTINGS