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Shalamar Bernstein - August 2023 Market Report | Southern California Area

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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

Jump to Pacific Palisades Report

Culver City

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Sherman Oaks

Jump to Sherman Oaks Report

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

Jump to Beverly Hills Report

Riverside County

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Encino

Jump to Encino Report

San Diego County

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Inglewood

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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.

Sellers:Don’tLetTheseTwo ThingsHoldYouBack

Many homeowners thinking about selling have two key things holding them back. That’s feeling locked in by today’s higher mortgage rates and worrying they won’t be able to find something to buy while supply is so low. Let’s dive into each challenge and give you some helpful advice on how to overcome these obstacles.

Challenge #1: The Reluctance to Take on a Higher Mortgage Rate

According to the Federal Housing Finance Agency (FHFA), the average interest rate for current homeowners with mortgages is less than 4%.

LosAngeles

What's in the Los Angeles data?

There were 11,864 single-family homes for sale, providing 2.4 months of inventory. There were 3,705 new listings and 2,769 homes sold at a median price of $940k. The median overbid percentage was 99.2%, with an average of 26 days on the market.

There were 4,008 condo and townhome units for sale, providing 2 3 months of inventory There were 1,397 new listings and 970 units sold at a median sale price of $675k. The median overbid percentage was 100.3%, with an average of 26 days on the market.

Single-Family Homes

3,705 New Listings

2,769 Sold Listings

2.4 Months of Inventory

$940K Median Sale Price

99.2%

Median Sale vs List

26 Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from July 2022 to July 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.

1,397

New Listings

Sale Price 100.3% Median Sale vs List 26 Avg Days on Market 970 Sold Listings

2.3 Months of Inventory $675K

LosAngeles

JULY 2022 - JULY 2023

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

Single-Family Homes

The median sales price has increased from $927k last July 2022, to $940k as of July 2023

Condos & Townhomes

The median sales price has decreased from $685k last July 2022, to $675k as of July 2023.

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market has remained at 26 days since July 2022

Condos & Townhomes

The average time spent on the market went down from 27 days in July 2022, to 26 days as of July 2023

Overbids

Single-Family Homes

The overbid percentage has decreased from 99 6% last July 2022, to 99 2% a year later

Condos & Townhomes

The overbid percentage has increased from 100.1% last July 2022, to 100.3% a year later.

Santa Monica

What's in the Santa Monica data?

There were 144 single-family homes for sale, providing 8.5 months of inventory. There were 30 new listings and 18 homes sold at a median price of $3.2m. The median overbid percentage was 98 7%, with an average of 41 days on the market

There were 139 condo and townhome units for sale, providing 3.1 months of inventory. There were 47 new listings and 21 units sold at a median sale price of $1.2m. The median overbid percentage was 99.9%, with an average of 29 days on the market.

ingle-Family Homes

30 ew Listings

18 Sold Listings

8.5 onths of Inventory

$3.2M Median Sale Price

98.7% edian 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 July 2022 to July 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

SantaMonica

JULY 2022 - JULY 2023

gle-Family Homes

ndos & Townhomes

st

Median SalesPrice

Single-Family Homes

The median sales price has decreased from $4 2m last July 2022, to $3 2m as of July 2023

Condos & Townhomes

The median sales price has decreased from $1.26m last July 2022, to $1.22m as of July 2023.

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 23 days last July 2022, to 41 days as of July 2023

Condos & Townhomes

The average time spent on the market went down from 37 days in July 2022, to 29 days as of July 2023

Overbids

Single-Family Homes

The overbid percentage has increased from 98 4% last July 2022, to 98 7% a year later

Condos & Townhomes

The overbid percentage has increased from 99.7% last July 2022, to 99.9% a year later.

Brentwood

What's in the Brentwood data?

There were 135 single-family homes for sale, providing 5.8 months of inventory. There were 34 new listings and 17 homes sold at a median price of $3m. The median overbid percentage was 94.3%, averaging 30 days on the market.

There were 64 condo and townhome units for sale, providing 5.9 months of inventory. There were 21 new listings and 9 units sold at a median price of $725k. The median overbid percentage was 96.8%, with an average of 33 days on the market.

Single-Family Homes

34 New Listings

17 Sold Listings

5.8 Months of Inventory

$3.9M Median Sale Price

94.3% 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 July 2022 to July 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.

Single-Family Homes

The median sales price has decreased from $7 1m last July 2022, to $3 9m as of July 2023

Condos & Townhomes

The median sales price has decreased from $1.2m last July 2022, to $725k as of July 2023.

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 53 days last July 2022, to 30 days as of July 2023

Condos & Townhomes

The average time spent on the market went up from 25 days in July 2022, to 33 days as of July 2023

Overbids

Single-Family Homes

The overbid percentage has decreased from 98 2% last July 2022, to 94 3% a year later

Condos & Townhomes

The overbid percentage has decreased from 105.8% last July 2022, to 96.8% a year later.

Marina DelRey

What's in the Marina Del Rey data?

There were 19 single-family homes for sale, providing 0 months of inventory. There were 4 new listings, and 1 home sold at a median price of $3.3m. The median overbid percentage was 97 1%, with an average of 0 days on the market

There were 93 condo and townhome units for sale, providing 5.4 months of inventory. There were 27 new listings and 16 units sold at a media sale price of $1.3m. The median overbid percentage was 97.1%, with an average of 24 day on the market.

Single-Family Homes

4 New Listings

1 Sold Listing

0 Months of Inventory

$3.3M Median Sale Price

97.1%

Median Sale vs List

0 Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from July 2022 to July 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.

Median SalesPrice

Single-Family Homes

The median sales price has increased from $2 4m last July 2022, to $3 3m as of July 2023

Condos & Townhomes

The median sales price has increased from $1.2m last July 2022, to $1.3m as of July 2023.

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 4 days last July 2022, to 0 days as of July 2023

Condos & Townhomes

The average time spent on the market went down from 30 days in July 2022, to 24 days as of July 2023

Overbids

Single-Family Homes

The overbid percentage has increased from 95 4% last July 2022, to 97 1% a year later

Condos & Townhomes

The overbid percentage has decreased from 99.2% last July 2022, to 97.1% a year later.

Pacif Palis

What's in th Palisades d

There were 138 sin providing 4.5 mont new listings and 17 of $3.5m. The med 96 7%, with an ave

There were 35 con sale, providing 3.1 were 8 new listings sale price of $1.3m percentage was 98 on the market.

New Listin

3.1

Months of Invento 98%

Median Sale vs L

Median SalesPrice

Single-Family Homes

The median sales price has decreased from $4 4m last July 2022, to $3 5m as of July 2023

Condos & Townhomes

The median sales price has decreased from $1.6m last July 2022, to $1.3m as of July 2023.

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 28 days last July 2022, to 30 days as of July 2023

Condos & Townhomes

The average time spent on the market went down from 60 days in July 2022, to 51 days as of July 2023

Overbids

Single-Family Homes

The overbid percentage has decreased from 99 5% last July 2022, to 96 7% a year later

Condos & Townhomes

The overbid percentage has decreased from 102.1% last July 2022, to 98% a year later.

Culver City

What's in the Culver City dat

There were 73 single-family homes for sale, providing 3.8 months of inventory. There wer new listings and 14 homes sold at a median p of $1.4m. The median overbid percentage wa 101.7%, with an average of 19 days on the ma

There were 47 condo and townhome units fo sale, providing 1.9 months of inventory. There were 19 new listings and 11 units sold at a m price of $675k. The median overbid percenta was 102.9%, with an average of 21 days on th market

ngle-Family Homes

6 Listings

14 Sold Listings

.8 ths of Inventory

$1.4M Median Sale Price

01.7% ian Sale vs List

19 Avg Days on Market

data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from July 2022 to July 2023. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed but not guaranteed. DRE# 01499010. Copyright KW Advisors Santa Monica | Brentwood | Marina Del Rey 2023. Each office is independently owned and operated.

& Townh

Median Sale vs List Avg Days o

LISTINGS FOR SALE SOLD LISTINGS

mily Homes onths, year-over-year.

Townhomes onths, year-over-year

Median SalesPrice

Single-Family Homes

The median sales price has decreased from $1 7m last July 2022, to $1 4m as of July 2023

Condos & Townhomes

The median sales price has decreased from $715k last July 2022, to $675k as of July 2023.

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 13 days last July 2022, to 19 days as of July 2023

Condos & Townhomes

The average time spent on the market went down from 35 days in July 2022, to 21 days as of July 2023

Overbids

Single-Family Homes

The overbid percentage has decreased from 101 8% last July 2022, to 101 7% a year later

Condos & Townhomes

The overbid percentage has increased from 101.3% last July 2022, to 102.9% a year later.

Sherman Oaks

What's in the Sherman Oaks data?

There were 156 single-family homes for sale, providing 2.9 months of inventory. There were 56 new listings and 32 homes were sold at a median price of $1.7m. The median overbid percentage was 99 3%, averaging 25 days on the market

There were 51 condo and townhome units for sale, providing 1.2 months of inventory. There were 17 new listings and 14 units sold at a median price of $732k. The median overbid percentage was 102.2%, with an average of 25 days on the market.

Single-Family Homes

56 New Listings

32 Sold Listings

2.9 Months of Inventory

$1.7M Median Sale Price

99.3% Median Sale vs List

25 Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from July 2022 to July 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.

17

ShermanOaks

JULY 2022 - JULY 2023

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 $1 9m last July 2022, to $1 7m as of July 2023

Condos & Townhomes

The median sales price has increased from $679k last July 2022, to $732k as of July 2023.

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market has remained at 25 days since July 2022

Condos & Townhomes

The average time spent on the market went up from 17 days in July 2022, to 25 days as of July 2023

Overbids

Single-Family Homes

The overbid percentage has decreased from 100 8% last July 2022, to 99 3% a year later

Condos & Townhomes

The overbid percentage has decreased from 103.4% last July 2022, to 102.2% a year later.

StudioCity

What's in the Studio City da

There were 131 single-family homes for sa providing 3.4 months of inventory. There w new listings and 22 homes sold at a media of $2.1m. The median overbid percentage 95.9%, averaging 42 days on the market.

There were 32 condo and townhome units sale, providing 2 months of inventory. The 15 new listings and 9 units sold at a media price of $787k. The median overbid percen was 103.1%, averaging 11 days on the ma

Single-Family Homes

41 New Listings

22 Sold Listings

3.4 Months of Inventory

$2.1M Median Sale Price

95.9% Median Sale vs List

42 Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from July 2022 to July 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.

StudioCity

JULY 2022 - JULY 2023

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 $2 196 last July 2022, to $2 190 as of July 2023

Condos & Townhomes

The median sales price has decreased from $825k last July 2022, to $787k as of July 2023.

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 20 days last July 2022, to 42 days as of July 2023

Condos & Townhomes

The average time spent on the market went down from 22 days in July 2022, to 11 days as of July 2023

Overbids

Single-Family Homes

The overbid percentage has decreased from 103 7% last July 2022, to 95 9% a year later

Condos & Townhomes

The overbid percentage has increased from 97.6% last July 2022, to 103.1% a year later.

Westlake Village

What's in the Westlake Village data?

There were 109 single-family homes for sale, providing 3.3 months of inventory. There were 32 new listings and 18 homes sold at a median sale price of $2m. The median overbid percentage was 95 5%, averaging 44 days on the market

There were 45 condo and townhome units for sale, providing 1.5 months of inventory. There were 13 new listings and 9 units sold at a median price of $775k. The median overbid percentage was 97.8%, with an average of 35 days on the market.

Single-Family Homes

32 New Listings

18 Sold Listings

3.3 Months of Inventory

$2M Median Sale Price

95.5%

Median Sale vs List

44 Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from July 2022 to July 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.

Median SalesPrice

Single-Family Homes

The median sales price has increased from $1 6m last July 2022, to $2m as of July 2023

Condos & Townhomes

The median sales price has decreased from $900k last July 2022, to $775k as of July 2023.

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 22 days last July 2022, to 44 days as of July 2023

Condos & Townhomes

The average time spent on the market went down from 36 days in July 2022, to 35 days as of July 2023

Overbids

Single-Family Homes

The overbid percentage has decreased from 98 1% last July 2022, to 95 5% a year later

Condos & Townhomes

The overbid percentage has increased from 97.3% last July 2022, to 97.8% a year later.

Wh dat Ther prov listin of $2 83 5 Ther sale, 12 n price was

mily Homes

ory

3 Sold Listings

$2.4M Median Sale Price

% ist

36 Avg Days on Market

Broker Metrics, includes all single-family homes, condos and California Area from July 2022 to July 2023. This may include vary from the time the data was gathered. All data is deemed eed. DRE# 01499010. Copyright KW Advisors Santa Monica | Brentwood | Marina Del Rey 2023. Each office is independently owned and operated.

LISTINGS

FOR SALE SOLD LISTINGS

Single-Family Homes

The median sales price has increased from $2 3m last July 2022, to $2 4m as of July 2023

Condos & Townhomes

The median sales price has decreased from $830k last July 2022, to $750k as of July 2023.

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 0 days last July 2022, to 36 days as of July 2023

Condos & Townhomes

The average time spent on the market went up from 14 days in July 2022, to 20 days as of July 2023

Overbids

Single-Family Homes

The overbid percentage has decreased from 97 5% last July 2022, to 83 5% a year later

Condos & Townhomes

The overbid percentage has decreased from 103.4% last July 2022, to 100.6% a year later.

Median SalesPrice

Single-Family Homes

The median sales price has increased from $2 2m last July 2022, to $2 6m as of July 2023

Condos & Townhomes

The median sales price has decreased from $1.6m last July 2022, to $669k as of July 2023.

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 33 days last July 2022, to 14 days as of July 2023

Condos & Townhomes

The average time spent on the market went up from 19 days in July 2022, to 34 days as of July 2023

Overbids

Single-Family Homes

The overbid percentage has increased from 98 5% last July 2022, to 102 4% a year later

Condos & Townhomes

The overbid percentage has increased from 96.5% last July 2022, to 101.5% a year later.

West Hollywood

What's in the West Hollywood data?

There were 44 single-family homes for sale, providing 13 months of inventory. There were 9 new listings and 3 homes sold at a median sale price of $3.5m. The median overbid percentage was 94 7%, averaging 26 days on the market

There were 175 condo and townhome units for sale, providing 6.3 months of inventory. There were 51 new listings and 20 units sold at a median sale price of $866k. The median overbid percentage was 97.2%, with an average of 44 days on the market.

Single-Family Homes

9 New Listings

3 Sold Listings

13 Months of Inventory

$3.5M Median Sale Price

94.7% Median Sale vs List

26 Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from July 2022 to July 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.

WestHollywood

JULY 2022 - JULY 2023

Single-Family Homes

Last 12 months, year-over-year. Condos & Townhomes

Median SalesPrice

Single-Family Homes

The median sales price has increased from $2 2m last July 2022, to $3 5m as of July 2023

Condos & Townhomes

The median sales price has decreased from $1m last July 2022, to $866k as of July 2023.

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 62 days last July 2022, to 26 days as of July 2023

Condos & Townhomes

The average time spent on the market went up from 33 days in July 2022, to 44 days as of July 2023

Overbids

Single-Family Homes

The overbid percentage has increased from 89 8% last July 2022, to 94 7% a year later

Condos & Townhomes

The overbid percentage has decreased from 98.4% last July 2022, to 97.2% a year later.

Beverly Hills

What's in the Beverly Hills data?

There were 238 single-family homes for sale, providing 16.1 months of inventory. There were 41 new listings and 15 homes sold at a median sale price of $8m. The median overbid percentage was 90 8%, averaging 73 days on the market

There were 55 condo and townhome units for sale, providing 4.6 months of inventory. There were 15 new listings and 55 units sold at a median sale price of $1.8m. The median overbid percentage was 94.6%, averaging 66 days on the market.

Single-Family Homes

41 New Listings

15 Sold Listings

16.1 Months of Inventory

$8.6M Median Sale Price

90.8% Median Sale vs List

73 Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from July 2022 to July 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.

15 New Listings

Listings

$1.8M

BeverlyHills

JULY 2022 - JULY 2023

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 $4 4m last July 2022, to $8 6m as of July 2023

Condos & Townhomes

The median sales price has increased from $1m last July 2022, to $1.8m as of July 2023.

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 42 days last July 2022, to 73 days as of July 2023

Condos & Townhomes

The average time spent on the market went down from 68 days in July 2022, to 66 days as of July 2023

Overbids

Single-Family Homes

The overbid percentage has increased from 87 9% last July 2022, to 90 8% a year later

Condos & Townhomes

The overbid percentage has decreased from 98.4% last July 2022, to 94.6% a year later.

Riversid County

What's in the River data?

There were 7,569 single-fami providing 2.4 months of inven 2,172 new listings and 1,691 median sale price of $599k. T percentage was 98 3%, avera market.

There were 1,415 condo and sale, providing 2.7 months of were 324 new listings and 27 median sale price of $450k. T percentage was 96.3%, avera market

Homes

1,691 Sold Listings

$599K

Median Sale Price

36 Avg Days on Market

includes all single-family homes, condos and July 2022 to July 2023. This may include time the data was gathered. All data is deemed 01499010. Copyright KW Advisors Santa Monica | Brentwood | Marina Del Rey 2023. Each office is independently owned and operated.

324

RiversideCounty

JULY 2022 - JULY 2023

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 $587k last July 2022, to $599k as of July 2023

Condos & Townhomes

The median sales price has increased from $435k last July 2022, to $450k as of July 2023.

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 30 days last July 2022, to 36 days as of July 2023

Condos & Townhomes

The average time spent on the market went up from 30 days in July 2022, to 43 days as of July 2023

Overbids

Single-Family Homes

The overbid percentage has increased from 98 1% last July 2022, to 98 3% a year later

Condos & Townhomes

The overbid percentage has decreased from 99.2% last July 2022, to 96.3% a year later.

Encino

What's in the Encino data?

There were 175 single-family homes for sale providing 5.6 months of inventory. There we new listings and 24 homes sold at a median of $1.8m. The median overbid percentage w 93.2%, averaging 31 days on the market.

There were 55 condo and townhome units fo sale, providing 3.6 months of inventory. Ther were 28 new listings and 7 units sold at a me price of $695k. The median overbid percenta was 98.2%, with an average of 38 days on th market.

e-Family Homes

ngs

6 f Inventory

24 Sold Listings

$1.8M Median Sale Price

.2% ale vs List

31 Avg Days on Market

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

28

Encino

JULY 2022 - JULY 2023

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 $2 2m last July 2022, to $1 8m as of July 2023

Condos & Townhomes

The median sales price has increased from $470k last July 2022, to $695k as of July 2023.

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 19 days last July 2022, to 31 days as of July 2023

Condos & Townhomes

The average time spent on the market went up from 19 days in July 2022, to 38 days as of July 2023

Overbids

Single-Family Homes

The overbid percentage has decreased from 99% last July 2022, to 93 2% a year later

Condos & Townhomes

The overbid percentage has decreased from 98.4% last July 2022, to 98.2% a year later.

SanDiego County

What's in the San Diego County data?

There were 5,098 single-family homes for sale, providing 2.2 months of inventory. There were 1,574 new listings and 1,371 homes sold at a median price of $985k. The median overbid percentage was 99 5%, with an average of 20 days on the market.

There were 2,123 condo and townhome units for sale, providing 1.7 months of inventory. There were 797 new listings and 653 units sold at a median price of $635k. The median overbid percentage was 100%, with an average of 18 days on the market

Single-Family Homes

1,574 New Listings

1,371 Sold Listings

2.2 Months of Inventory

$985K Median Sale Price

99.5%

Median Sale vs List

20 Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from July 2022 to July 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.

797

New Listings

1.7

Months of Inventory 100%

Median Sale vs List

Single-Family Homes

The median sales price has increased from $945k last July 2022, to $985k as of July 2023

Condos & Townhomes

The median sales price has increased from $620k last July 2022, to $635k as of July 2023.

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 23 days last July 2022, to 20 days as of July 2023

Condos & Townhomes

The average time spent on the market has remained at 18 days since July 2022

Overbids

Single-Family Homes

The overbid percentage has increased from 97 4% last July 2022, to 99 5% a year later

Condos & Townhomes

The overbid percentage has increased from 99.2% last July 2022, to 100% a year later.

Inglew

What's in the In

There were 76 single-fa providing 2.3 months o new listings and 16 hom price of $780k. The me was 96.8%, averaging 3

There were 41 condo a sale, providing 3.9 mon were 13 new listings an sale price of $470k. Th percentage was 97%, a market.

y Homes

16 Sold Listings

$780K

Median Sale Price

35 Avg Days on Market

Metrics, includes all single-family homes, condos and Area from July 2022 to July 2023. This may include from the time the data was gathered. All data is deemed 01499010. Copyright KW Advisors Santa Monica | Brentwood | Marina Del Rey 2023. Each office is independently owned and operated.

Mo M

Median SalesPrice

Single-Family Homes

The median sales price has decreased from $800k last July 2022, to $780k as of July 2023

Condos & Townhomes

The median sales price has decreased from $530k last July 2022, to $470k as of July 2023.

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 23 days last July 2022, to 35 days as of July 2023

Condos & Townhomes

The average time spent on the market went up from 29 days in July 2022, to 59 days as of July 2023

Overbids

Single-Family Homes

The overbid percentage has decreased from 100% last July 2022, to 96 8% a year later

Condos & Townhomes

The overbid percentage has decreased from 102.9% last July 2022, to 97% a year later.

Orange County

What's in the Orange data?

There were 3,663 single-family ho providing 1.8 months of inventor 1,289 new listings and 1,116 hom median price of $1.2m. The med percentage was 99 3%, averaging market.

There were 1,713 condo and tow sale, providing 1.5 months of inv were 709 new listings and 595 un median price of $749k. The medi percentage was 100.3%, averagin market

stings

.2M Sale Price

s on Market

single-family homes, condos and July 2023. This may include gathered. All data is deemed KW Advisors Santa Monica | Brentwood | Marina Del Rey 2023. Each office is independently owned and operated.

Single-Family Homes

The median sales price has increased from $1 20m last July 2022, to $1 27m as of July 2023

Condos & Townhomes

The median sales price has increased from $700k last July 2022, to $749k as of July 2023.

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market has remained at 26 days since last July 2022

Condos & Townhomes

The average time spent on the market went down from 24 days in July 2022, to 21 days as of July 2023

Overbids

Single-Family Homes

The overbid percentage has increased from 98 3% last July 2022, to 99 3% a year later

Condos & Townhomes

The overbid percentage has increased from 99.7% last July 2022, to 100.3% a year later.

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