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The Cunningham Group - January 2024 Market Report | Southern California Area

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Southern California area

Los Angeles

Jump to Los Angeles Report

Santa Monica

Jump to Santa Monica Report

Brentwood

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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.

3KeystoHittingYour HomeownershipGoalsin2024

If buying or selling a home is your goal for 2024, it’s important to understand today’s housing market, know your why, and work with industry experts to bring your homeownership vision for the new year into focus.

Over the last year, the economy had a big impact on the housing market, and likely on your wallet too. That’s why it’s critical to have a clear picture of not just the market today, but also on what you want out of it when you buy or sell a home. Danielle Hale, Chief Economist at Realtor.com, explains:

“The key to making a good decision in this challenging housing market is to be laser focused on what you need now and in the years ahead, so that you can stay in your home long enough that buying is a sound financial decision.”

Here are a few things to think through as you define your goals for 2024.

HOW TO BUDGET FOR UNEXPECTED

Unlock homeownership confidently! Prepare for hidden costs like inspections and renovations. Take control with a strategic plan:

Save for Unexpected Costs

1

Ensure a worry-free home with a proactive maintenance plan! Allocate 1-2% of your home's value yearly for repairs, creating a financial safety net. Even $20 a week adds up, offering peace of mind for unexpected expenses. Safeguard your home and finances with a well-crafted budget.

2

3

Keep your appliances and systems in good shape.

Elevate your homeownership with proactive care! Craft a seasonal to-do list, from flushing your water heater to changing filters and cleaning gutters. Enjoy smooth operation, reduce repair frequency, and discover the joy of a well-maintained home.

Consider getting a home warranty

Secure your home's future with American Home Shield® Our budget-friendly plans handle repairs and replacements, giving you peace of mind in homeownership.

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/

LosAn

What's in the Los A

There were 10,410 single-fam providing 3 months of invent new listings, and 2,380 home price of $915k. The median o was at 95.9%, with an averag market.

There were 3,730 condo and sale, providing 3 months of in 664 new listings and 772 uni sale price of $660k. The med percentage was at 98.2%, wi days on the market.

80 gs Market

5K Price

single-family homes, condos and December 2023. This may was gathered. All data is KW Advisors Santa Monica | Brentwood | Marina Del Rey 2024. Each office is independently owned and operated.

DECEMBER 2022 - DECEMBER 2023

e-Family Homes

12 months, year-over-year.

os & Townhomes

12 months, year-over-year

Median SalesPrice

Single-Family Homes

The median sales price has increased from $862k last December 2022, to $915k as of December 2023

Condos & Townhomes

The median sales price has increased from $600k last December 2022, to $660k as of December 2023

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 48 days last December 2022, to 38 days as of December 2023

Condos & Townhomes

The average time spent on the market went down from 44 days in December 2022, to 42 days as of December 2023.

Overbids

Single-Family Homes

The overbid percentage has increased from 93 5% last December 2022, to 95 9% a year later

Condos & Townhomes

The overbid percentage has increased from 95.9% last December 2022, to 98.2% a year later.

Santa Monica

What's in the Sant data?

There were 123 single-family providing 6.3 months of inve new listings, and 15 homes s of $3m. The median overbid 84 6%, with an average of 45

There were 134 condo and to sale, providing 4.7 months of were 18 new listings and 15 sale price of $1.5m. The med percentage was at 94.4%, wi days on the market.

SFH

Single-Family Homes

12 New Listings

15 Sold Listings

6.3 Months of Inventory

$3M Median Sale Price

84.6% Median Sale vs List

45 Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from December 2022 to December 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 2024. Each office is independently owned and operated.

18

New Listings

& Townhomes

15

Sold Listings

4.7

Months of Inventory

$1.5M

Median Sale Price 94.4%

Median Sale vs List

53 Avg Days on Market

SantaMonica

DECEMBER 2022 - DECEMBER 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 $2 9m last December 2022, to $3m as of December 2023

Condos & Townhomes

The median sales price has increased from $1m last December 2022, to $1 5m as of December 2023

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 42 days last December 2022, to 45 days as of December 2023

Condos & Townhomes

The average time spent on the market went down from 76 days in December 2022, to 53 days as of December 2023.

Overbids

Single-Family Homes

The overbid percentage has decreased from 92 3% last December 2022, to 84 6% a year later

Condos & Townhomes

The overbid percentage has increased from 94.1% last December 2022, to 94.4% a year later.

Brentwood

What's in the Brentwood data?

There were 99 single-family homes for sale, providing 5.6 months of inventory. There were 13 new listings, and 18 homes sold at a median price of $3.8m. The median overbid percentage was at 90.3%, with an average of 25 days on the market.

There were 59 condo and townhome units for sale, providing 10.8 months of inventory. There were 5 new listings and 12 units sold at a median sale price of $894k. The median overbid percentage was at 98.1%, with an average of 43 days on the market.

SFH

Single-Family Homes

13 New Listings

18 Sold Listings

5.6 Months of Inventory

$3.8M Median Sale Price

90.3% 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 December 2022 to December 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 2024. Each office is independently owned and operated.

5

New Listings

12

Sold Listings

10.8

Months of Inventory

$894K

Median Sale Price 98.1%

Median Sale vs List

43 Avg Days on Market

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 $4 4m last December 2022, to $3 8m as of December 2023

Condos & Townhomes

The median sales price has decreased from $1m last December 2022, to $894k as of December 2023

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 37 days last December 2022, to 25 days as of December 2023

Condos & Townhomes

The average time spent on the market remained the same at 43 days in December 2022, to 43 days as of December 2023.

Overbids

Single-Family Homes

The overbid percentage has increased from 87 9% last December 2022, to 90 3% a year later

Condos & Townhomes

The overbid percentage has increased from 95.5% last December 2022, to 98.1% a year later.

Marina DelRey

What's in the Marina Del Rey data?

There were 18 single-family homes for sale, providing 15 months of inventory. There were 0 new listings, and 1 home sold at a median price of $800k. The median overbid percentage was at 66 7%, with an average of 55 days on the market

There were 92 condo and townhome units for sale, providing 4.3 months of inventory. There were 12 new listings and 10 units sold at a median sale price of $1m. The median overbid percentage was at 97.1%, with an average of 44 days on the market.

SFH

Single-Family Homes

0 New Listings

1 Sold Listing

15 Months of Inventory

$800K Median Sale Price

66.7%

Median Sale vs List

55 Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from December 2022 to December 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 2024. Each office is independently owned and operated.

New Listings

10 Sold Listings

4.3

Months of Inventory

$1M

Median Sale Price 97.1%

Median Sale vs List

44 Avg Days on Market

MarinaDelRey

DECEMBER 2022 - DECEMBER 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 $7 7m last December 2022, to $800k as of December 2023

Condos & Townhomes

The median sales price has decreased from $1 2m last December 2022, to $1m as of December 2023

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 58 days last December 2022, to 55 days as of December 2023

Condos & Townhomes

The average time spent on the market went down from 48 days in December 2022, to 44 days as of December 2023.

Overbids

Single-Family Homes

The overbid percentage has decreased from 89 6% last December 2022, to 66 7% a year later

Condos & Townhomes

The overbid percentage has decreased from 97% last December 2022, to 94.1% a year later.

Pacific Palisades

What's in the Pacific Palisades data?

There were 104 single-family homes for sale, providing 7.2 months of inventory. There were 7 new listings, and 12 homes sold at a median price of $3.4m. The median overbid percentage was at 90 6%, with an average of 52 days on the market

There were 19 condo and townhome units for sale, providing 1.6 months of inventory. There were 4 new listings and 6 units sold at a median sale price of $1.3m. The median overbid percentage was at 100.8%, with an average of 81 days on the market.

SFH

Single-Family Homes

7 New Listings

12 Sold Listings

7.2 Months of Inventory

$3.4M Median Sale Price

90.6% Median Sale vs List

52 Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from December 2022 to December 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 2024. Each office is independently owned and operated.

Condo & Townhomes

4

New Listings

6 Sold Listings

1.6

Months of Inventory

100.8%

Median Sale vs List

$1.3M

Median Sale Price

81

Avg Days on Market

DECEMBER 2022 - DECEMBER 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 $3 9m last December 2022, to $3 4m as of December 2023

Condos & Townhomes

The median sales price has decreased from $1 5m last December 2022, to $1 3m as of December 2023

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 30 days last December 2022, to 52 days as of December 2023

Condos & Townhomes

The average time spent on the market went up from 39 days in December 2022, to 81 days as of December 2023.

Overbids

Single-Family Homes

The overbid percentage has decreased from 91 1% last December 2022, to 90 6% a year later

Condos & Townhomes

The overbid percentage has increased from 93.6% last December 2022, to 100.8% a year later.

Culver City

What's in the Culver City data?

There were 57 single-family homes for sale, providing 3 months of inventory. There were 9 new listings, and 14 homes sold at a median price of $1.6m. The median overbid percentage was at 97.4%, with an average of 43 days on the market.

There were 44 condo and townhome units for sale, providing 2.4 months of inventory. There were 13 new listings and 13 units sold at a median sale price of $624k. The median overbid percentage was at 100.7%, with an average of 44 days on the market

SFH

Single-Family Homes

9 New Listings

14 Sold Listings

3 Months of Inventory

$1.6M Median Sale Price

97.4%

Median Sale vs List

43 Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from December 2022 to December 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 2024. Each office is independently owned and operated.

13

New Listings

13

Sold Listings

2.4

Months of Inventory

100.7%

Median Sale vs List

$624K

Median Sale Price

44

Avg Days on Market

CulverCity

DECEMBER 2022 - DECEMBER 2023

Condos & Townhomes

Last 12 months, year-over-year

Median SalesPrice

Single-Family Homes

The median sales price has decreased from $1 8m last December 2022, to $1 6m as of December 2023

Condos & Townhomes

The median sales price has decreased from $665k last December 2022, to $624k as of December 2023

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 38 days last December 2022, to 43 days as of December 2023

Condos & Townhomes

The average time spent on the market went down from 55 days in December 2022, to 44 days as of December 2023.

Overbids

Single-Family Homes

The overbid percentage has increased from 99 2% last December 2022, to 97 4% a year later

Condos & Townhomes

The overbid percentage has increased from 100.5% last December 2022, to 100.7% a year later.

Sherman Oaks

What's in the Sherman Oaks data?

There were 155 single-family homes for sale, providing 4.3 months of inventory. There were 22 new listings, and 22 homes sold at a median price of $1.6m. The median overbid percentage was at 94 8%, with an average of 55 days on the market

There were 47 condo and townhome units for sale, providing 2.4 months of inventory. There were 7 new listings and 16 units sold at a median sale price of $762k. The median overbid percentage was at 99.9%, with an average of 42 days on the market.

SFH

Single-Family Homes

22 New Listings

22 Sold Listings

4.3 Months of Inventory

$1.6M Median Sale Price

94.8% Median Sale vs List

55 Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from December 2022 to December 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 2024. Each office is independently owned and operated.

7

New Listings

2.4 Months of Inventory $762K Median Sale Price 99.9% Median Sale vs List 42 Avg Days on Market 16 Sold Listings

DECEMBER 2022 - DECEMBER 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 December 2022, to $1 6m as of December 2023

Condos & Townhomes

The median sales price has increased from $670k last December 2022, to $762k as of December 2023

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 45 days last December 2022, to 55 days as of December 2023

Condos & Townhomes

The average time spent on the market went up from 40 days in December 2022, to 42 days as of December 2023.

Overbids

Single-Family Homes

The overbid percentage has increased from 93 3% last December 2022, to 94 8% a year later

Condos & Townhomes

The overbid percentage has increased from 93.2% last December 2022, to 99.9% a year later.

StudioCity

What's in the Studio City data?

There were 115 single-family homes for sale, providing 7.8 months of inventory. There were 20 new listings, and 20 homes sold at a median price of $2m. The median overbid percentage was at 94.4%, with an average of 60 days on the market.

There were 26 condo and townhome units for sale, providing 3.6 months of inventory. There were 3 new listings and 2 units sold at a median sale price of $725k. The median overbid percentage was at 101.8%, with an average of 44 days on the market.

SFH

Single-Family Homes

20 New Listings

20 Sold Listings

7.8 Months of Inventory

$2M Median Sale Price

94.4% Median Sale vs List

60 Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from December 2022 to December 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 2024. Each office is independently owned and operated.

Condo & Townhomes

3

New Listings

2 Sold Listings

3.6

Months of Inventory

$725K

Median Sale Price

101.8%

Median Sale vs List

44 Avg Days on Market

StudioCity

DECEMBER 2022 - DECEMBER 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 $1 6m last December 2022, to $2m as of December 2023

Condos & Townhomes

The median sales price has decreased from $782k last December 2022, to $725k as of December 2023

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 22 days last December 2022, to 60 days as of December 2023

Condos & Townhomes

The average time spent on the market went up from 34 days in December 2022, to 44 days as of December 2023.

Overbids

Single-Family Homes

The overbid percentage has decreased from 96 3% last December 2022, to 94 4% a year later

Condos & Townhomes

The overbid percentage has increased from 97.6% last December 2022, to 101.8% a year later.

Westlak Village

What's in the Wes data?

There were 93 single-family providing 2.3 months of inve new listings, and 19 homes s of $1.6m. The median overb 94 8%, with an average of 59

There were 38 condo and tow sale, providing 2.6 months o were 4 new listings and 9 un sale price of $926k. The med percentage was at 92.4%, wi days on the market.

SFH

Single-Family Homes

14 New Listings

19 Sold Listings

2.3 Months of Inventory

$1.6M Median Sale Price

94.8% Median Sale vs List

59 Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from December 2022 to December 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 2024. Each office is independently owned and operated.

4

New Listings

9 Sold Listings

2.6

Months of Inventory

$926K

Median Sale Price 92.4%

Median Sale vs List

53 Avg Days on Market

Median SalesPrice

Single-Family Homes

The median sales price has decreased from $1 66m last December 2022, to $1 63m as of December 2023

Condos & Townhomes

The median sales price has increased from $875k last December 2022, to $926k as of December 2023

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 64 days last December 2022, to 59 days as of December 2023

Condos & Townhomes

The average time spent on the market went up from 30 days in December 2022, to 53 days as of December 2023.

Overbids

Single-Family Homes

The overbid percentage has increased from 94 6% last December 2022, to 94 8% a year later

Condos & Townhomes

The overbid percentage has decreased from 94.2% last December 2022, to 92.4% a year later.

Playa DelRey

What's in the Playa Del Rey data?

There were 13 single-family homes for sale, providing 0 months of inventory. There were 0 new listings, and 4 homes sold at a median price of $1.8m. The median overbid percentage was at 87 1%, with an average of 0 days on the market

There were 27 condo and townhome units for sale, providing 2.1 months of inventory. There were 7 new listings and 6 units sold at a median sale price of $800k. The median overbid percentage was at 92.2%, with an average of 48 days on the market.

SFH

Single-Family Homes

0 New Listings

4 Sold Listings

0 Months of Inventory

$1.8M Median Sale Price

87.1%

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 December 2022 to December 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 2024. Each office is independently owned and operated.

7

New Listings

2.1

Months of Inventory

$800K

Median Sale Price 92.2%

Median Sale vs List 48 Avg Days on Market 6 Sold Listings

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 December 2022, to $1 8m as of December 2023

Condos & Townhomes

The median sales price has decreased from $842k last December 2022, to $800k as of December 2023

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 28 days last December 2022, to 0 days as of December 2023

Condos & Townhomes

The average time spent on the market went up from 29 days in December 2022, to 48 days as of December 2023.

Overbids

Single-Family Homes

The overbid percentage has decreased from 101 1% last December 2022, to 87 1% a year later

Condos & Townhomes

The overbid percentage has decreased from 93.6% last December 2022, to 92.2% a year later.

Venice

What's in the Venice data?

There were 122 single-family homes for sale, providing 8.6 months of inventory. There were 13 new listings, and 9 homes sold at a median price of $2.4m. The median overbid percentage was at 83.4%, with an average of 40 days on the market.

There were 19 condo and townhome units for sale, providing 3.3 months of inventory. There were 2 new listings and 1 unit sold at a median sale price of $1.3m. The median overbid percentage was at 93.2%, with an average of 92 days on the market.

SFH

Single-Family Homes

13 New Listings

9 Sold Listings

8.6 Months of Inventory

$2.4M Median Sale Price

83.4% 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 December 2022 to December 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 2024. Each office is independently owned and operated.

Condo & Townhomes

2

New Listings

1 Sold Listing

3.3

Months of Inventory

$1.3M

Median Sale Price 93.2%

Median Sale vs List 92 Avg Days on Market

Median SalesPrice

Single-Family Homes

The median sales price has increased from $2 1m last December 2022, to $2 4m as of December 2023

Condos & Townhomes

The median sales price has decreased from $1 8m last December 2022, to $1 3m as of December 2023

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 65 days last December 2022, to 40 days as of December 2023

Condos & Townhomes

The average time spent on the market went up from 10 days in December 2022, to 92 days as of December 2023.

Overbids

Single-Family Homes

The overbid percentage has decreased from 90 6% last December 2022, to 83 4% a year later

Condos & Townhomes

The overbid percentage has decreased from 93.7% last December 2022, to 93.2% a year later.

West Hollyw

What's in the West data?

There were 49 single-family h providing 40 months of invent new listings, and 1 home sold $1.5m. The median overbid pe 98.8%, with an average of 69 d

There were 167 condo and tow sale, providing 5.3 months of were 19 new listings and 14 u sale price of $989k. The medi percentage was at 97%, with a days on the market.

SFH

Single-Family Homes

9 New Listings

40 Months of Inventory

98.8% Median Sale vs List

1 Sold Listing

$1.5M Median Sale Price

69 Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from December 2022 to December 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 2024. Each office is independently owned and operated.

New Listings 5.3

Sold Listings

Months of Inventory $989K

Median Sale Price 97%

Median Sale vs List 41 Avg Days on Market 14

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 $2m last December 2022, to $1 5m as of December 2023

Condos & Townhomes

The median sales price has increased from $895k last December 2022, to $989k as of December 2023

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 39 days last December 2022, to 69 days as of December 2023

Condos & Townhomes

The average time spent on the market went down from 51 days in December 2022, to 41 days as of December 2023.

Overbids

Single-Family Homes

The overbid percentage has decreased from 101 3% last December 2022, to 98 8% a year later

Condos & Townhomes

The overbid percentage has decreased from 98.6% last December 2022, to 97% a year later.

SFH

Single-Family Homes

26 New Listings

8 Sold Listings

13.5 Months of Inventory

$8.5M Median Sale Price

79.1% Median Sale vs List

78 Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from December 2022 to December 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 2024. Each office is independently owned and operated.

Condo & Townhomes

6

New Listings

8 Sold Listings

4.7

Months of Inventory

$975K

Median Sale Price 94.2%

Median Sale vs List 81 Avg Days on Market

Median SalesPrice

Single-Family Homes

The median sales price has increased from $3 6m last December 2022, to $8 5m as of December 2023

Condos & Townhomes

The median sales price has decreased from $2 3m last December 2022, to $975k as of December 2023

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 90 days last December 2022, to 78 days as of December 2023

Condos & Townhomes

The average time spent on the market went up from 45 days in December 2022, to 81 days as of December 2023.

Overbids

Single-Family Homes

The overbid percentage has decreased from 89 2% last December 2022, to 79 1% a year later

Condos & Townhomes

The overbid percentage has decreased from 99.4% last December 2022, to 94.2% a year later.

Riverside County

What's in the Riverside data?

There were 7,458 single-family home providing 3.2 months of inventory. Th 1,360 new listings, and 1,475 homes median price of $600k. The median o percentage was at 96.9%, with an av days on the market

There were 1,602 condo and townho sale, providing 3.4 months of invento were 315 new listings and 253 units median sale price of $470k. The med percentage was at 96.3%, with an av days on the market.

SFH

Single-Family Homes

1,360 New Listings

1,475 Sold Listings

3.2 Months of Inventory

$600K Median Sale Price

96.9%

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 December 2022 to December 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 2024. Each office is independently owned and operated.

315

New Listings

253 Sold Listings

3.4

Months of Inventory

$470K

Median Sale Price 96.3%

Median Sale vs List 49 Avg Days on Market

RiversideCounty

DECEMBER 2022 - DECEMBER 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 $560k last December 2022, to $600k as of December 2023

Condos & Townhomes

The median sales price has increased from $426k last December 2022, to $470k as of December 2023

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 57 days last December 2022, to 48 days as of December 2023

Condos & Townhomes

The average time spent on the market went down from 53 days in December 2022, to 49 days as of December 2023.

Overbids

Single-Family Homes

The overbid percentage has increased from 93 6% last December 2022, to 96 9% a year later

Condos & Townhomes

The overbid percentage has increased from 95.9% last December 2022, to 96.3% a year later.

Encino

What's in the Encino data?

There were 151 single-family homes for sale, providing 5.9 months of inventory. There were 20 new listings, and 19 homes sold at a median price of $2.1m. The median overbid percentage was at 92.5%, with an average of 30 days on the market.

There were 40 condo and townhome units for sale, providing 1.9 months of inventory. There were 4 new listings and 7 units sold at a median sale price of $612k. The median overbid percentage was at 96.5%, with an average of 62 days on the market.

SFH

Single-Family Homes

20 New Listings

19 Sold Listings

5.9 Months of Inventory

$2.1M Median Sale Price

92.5% 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 December 2022 to December 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 2024. Each office is independently owned and operated.

Condo & Townhomes

4

New Listings

7

Sold Listings

1.9

Months of Inventory

$612K

Median Sale Price 96.5%

Median Sale vs List

62 Avg Days on Market

DECEMBER 2022 - DECEMBER 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 $1 8m last December 2022, to $2 1m as of December 2023

Condos & Townhomes

The median sales price has increased from $595k last December 2022, to $612k as of December 2023

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 52 days last December 2022, to 30 days as of December 2023

Condos & Townhomes

The average time spent on the market went up from 55 days in December 2022, to 62 days as of December 2023.

Overbids

Single-Family Homes

The overbid percentage has increased from 90 3% last December 2022, to 92 5% a year later

Condos & Townhomes

The overbid percentage has increased from 95.8% last December 2022, to 96.5% a year later.

SanDiego County

What's in the San Diego County data?

There were 4,277 single-family homes for sale, providing 3 months of inventory. There were 676 new listings, and 864 homes sold at a median price of $935k. The median overbid percentage was at 97 2%, with an average of 33 days on the market.

There were 2,029 condo and townhome units for sale, providing 2.8 months of inventory. There were 401 new listings and 411 units sold at a median sale price of $632k. The median overbid percentage was at 98%, with an average of 28 days on the market

SFH

Single-Family Homes

676

New Listings

3 Months of Inventory

864

Sold Listings

$935K Median Sale Price

97.2%

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 December 2022 to December 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 2024. Each office is independently owned and operated.

401

New Listings

411

Sold Listings

2.8

Months of Inventory

$632K

Median Sale Price 98%

Median Sale vs List

28 Avg Days on Market

SanDiegoCounty

DECEMBER 2022 - DECEMBER 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 $858k last December 2022, to $935k as of December 2023

Condos & Townhomes

The median sales price has increased from $575k last December 2022, to $632k as of December 2023

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 40 days last December 2022, to 33 days as of December 2023

Condos & Townhomes

The average time spent on the market went down from 40 days in December 2022, to 28 days as of December 2023.

Overbids

Single-Family Homes

The overbid percentage has increased from 93 7% last December 2022, to 97 2% a year later

Condos & Townhomes

The overbid percentage has increased from 96.3% last December 2022, to 98% a year later.

Inglewood

What's in the Inglewood data?

There were 78 single-family homes for sale, providing 2.8 months of inventory. There were 12 new listings, and 13 homes sold at a median price of $725k. The median overbid percentage was at 97%, with an average of 53 days on the market.

There were 35 condo and townhome units for sale, providing 3.8 months of inventory. There were 5 new listings and 3 units sold at a median sale price of $590k. The median overbid percentage was at 99.8%, with an average of 82 days on the market.

SFH

Single-Family Homes

12 New Listings

13 Sold Listings

2.8 Months of Inventory

$725K Median Sale Price

97% Median Sale vs List

53 Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from December 2022 to December 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 2024. Each office is independently owned and operated.

Condo & Townhomes

5

New Listings

3 Sold Listings

3.8

Months of Inventory

$590K

Median Sale Price 99.8%

Median Sale vs List 82 Avg Days on Market

DECEMBER 2022 - DECEMBER 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 $710k last December 2022, to $725k as of December 2023

Condos & Townhomes

The median sales price has increased from $462k last December 2022, to $590k as of December 2023

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 37 days last December 2022, to 53 days as of December 2023

Condos & Townhomes

The average time spent on the market went up from 40 days in December 2022, to 82 days as of December 2023.

Overbids

Single-Family Homes

The overbid percentage has decreased from 97 1% last December 2022, to 97% a year later

Condos & Townhomes

The overbid percentage has increased from 95.1% last December 2022, to 99.8% a year later.

Orange County

What's in the Orange County data?

There were 2,702 single-family homes for sale, providing 2.3 months of inventory. There were 500 new listings, and 824 homes sold at a median price of $1.2m. The median overbid percentage was at 96 4%, with an average of 36 days on the market.

There were 1,313 condo and townhome units for sale, providing 1.7 months of inventory. There were 282 new listings and 420 units sold at a median sale price of $752k. The median overbid percentage was at 98.5%, with an average of 35 days on the market

SFH

Single-Family Homes

500 New Listings

824 Sold Listings

2.3 Months of Inventory

$1.2M Median Sale Price

96.4%

Median Sale vs List

36 Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from December 2022 to December 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 2024. Each office is independently owned and operated.

Condo & Townhomes

282

New Listings

420 Sold Listings

1.7

Months of Inventory

$752K

Median Sale Price 98.5%

Median Sale vs List 35 Avg Days on Market

OrangeCounty

DECEMBER 2022 - DECEMBER 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 $1 1m last December 2022, to $1 2m as of December 2023

Condos & Townhomes

The median sales price has increased from $670k last December 2022, to $752k as of December 2023

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 48 days last December 2022, to 36 days as of December 2023

Condos & Townhomes

The average time spent on the market went down from 46 days in December 2022, to 35 days as of December 2023.

Overbids

Single-Family Homes

The overbid percentage has increased from 92 9% last December 2022, to 96 4% a year later

Condos & Townhomes

The overbid percentage has increased from 96.3% last December 2022, to 98.5% a year later.

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