Micro Market Report
December 2023
Los Angeles County Orange County Santa Barbara County Monterey County Riverside County San Diego County
Luxury Real Estate Market Research
Reading the Report
Each Micro Market area contains an analysis of current conditions and past trends. In order to take the most away from this report, it is important to understand how to read each micro market. Data presents statistical information about past and current conditions, comparing the previous year’s month to the current month. Each statistic is compiled from sales data during the month of the respective year. It is then analyzed by Percent Change, which is calculated by taking Current Value minus Past Value and then divided by Past Value. Current Market Report is a compilation of important take-away statistics for each area to gain a quick understanding of market conditions. Median Sales Price and Days on market are 12 month averages for the period ending in the current month. The values for Properties for Sale and Shadow Inventory are presented in both text and graphical form to show the relationship of Shadow to Active Inventory. The Yearly Trend presents the Median Sales Prices for each month during the past year in graphical format to easily visualize the changes and help identify any trends in sales for that micro market.
Median Price:
A value that separates the upper half of prices from the lower half of prices. It can be interpreted like an average, however the extreme prices (high and low) do not hold undue influence.
Average Price per Square Foot:
The price of each property divided by their respective square footage then averaged across all properties sold in the area for a given time period.
Properties Sold:
The number of property transactions that closed and transferred ownership.
Properties Pending Sale:
The number of properties that entered escrow in preparation for sale.
Properties For Sale:
The number of properties on the market and seeking buyers.
Days on Market (Pending Sale): The number of days that properties currently in escrow were on the market.
Percent Under Contract:
The ratio of properties for sale to properties pending sale.
Average Median Price for Last 12: The Average Median Price for the Last 12 Months is sales data from 12 months ending in the identified month.
Table of Contents
Los Angeles County 4 Orange County 94 Santa Barbara County
140
Monterey County 150 Riverside County 160 San Diego County
178
Condominiums 210
Los Angeles County Single Family Residences
4
Los Angeles County Macro
West Los Angeles
North Hollywood
Bel Air - Holmby Hills
Westchester
Shadow Hills
Beverly Center - Miracle Mile
Westwood - Century City
Sherman Oaks
Beverly Hills
West Adams
Studio City
Beverly Hills P.O.
South Bay Macro
Sun Valley
Beverlywood
El Segundo
Sunland - Tujunga
Brentwood
Hermosa Beach
Tarzana
Cheviot Hills - Rancho Park
Manhattan Beach
Toluca Lake
Culver City
Manhattan Mira Costa
Valley Village
Downtown Los Angeles
Manhattan Beach Sand
Westlake Village
Hancock Park - Wilshire
Manhattan Beach Tree
Woodland Hills
Hollywood
Palos Verdes Estates
San Gabriel Valley Macro
Hollywood Hills East
Rancho Palos Verdes
Alhambra
Inglewood
Redondo Beach - North
Altadena
Ladera Heights
Redondo Beach - South
Arcadia
Laurel Canyon
Rolling Hills
Duarte
Los Feliz
Rolling Hills Estates
Eagle Rock
Malibu
San Pedro
La Canada Flintridge
Malibu Beach
Torrance - County Strip
Monrovia
Marina Del Rey
Torrance - North
Pasadena
Mid Los Angeles
Torrance - South
San Gabriel
Mid Wilshire
Torrance - Southeast
San Marino
Pacific Palisades
Torrance - West
Sierra Madre
Palms - Mar Vista
San Fernando Macro
South Pasadena
Park Hills Heights
Agoura Hills
Playa Del Rey
Burbank
Playa Vista
Calabasas
Santa Monica
Encino
Sunset Strip - Hollywood Hills West
Glendale
Venice
Hidden Hills
West Hollywood
La Crescenta
Micro Market Report : December 2023
Los Angeles County
Country
United States
At a Glance
State
California
Region
Greater Los Angeles
Formed
1850
County seat
Los Angeles
Largest City (Area)
Los Angeles
Largest City (Population)
Los Angeles
Incorporated Cities
88
Area Total
4,751 mi2 (12,310km2)
Land
4,058 mi2 (10,510km2)
Water
693 mi2 (1,790km2)
Highest Elevation
10,068 ft (3,069m)
Population Total
9,861,224
Density
2,430/mi2 (940/km2)
GDP
$712 Billion
Micro Market Report : December 2023
5
Los Angeles County Single Family Residences, December 2023
Current Market Snapshot
$915,000 Median Sales Price
$673 Average $/SF
$862
Dec Jan Feb
6.1% ∆ YOY
Mar Apr May Jun Jul
5.0% ∆ YOY
Aug
10,451
Properties For Sale
Sep Oct Nov
-23.1% ∆ YOY
Dec
$915 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$862,000
$950,000
$940,000
$915,000
6.1%
Average Price per Square Foot
$641
$676
$691
$673
5.0%
Properties Sold
2455
3339
2663
2418
-1.5%
Properties Pending Sale
2042
3027
2567
2114
3.5%
Properties For Sale
13,585
13,017
12,938
10,451
-23.1%
Days on Market (Pending Sale)
48
26
28
38
-20.3%
Percent Under Contract
15.0%
23.3%
19.8%
20.2%
34.6%
Average Median Price for Last 12 Months
$927,158
$937,083
$931,500
$908,538
-2.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles County Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
6
Micro Market Report : December 2023
Bel-Air Holmby Hills Single Family Residences, December 2023
Current Market Snapshot
$2,789,000 Median Sales Price
Jan
-31.8% ∆ YOY
Feb Mar Apr
$1,296 Average $/SF
$4.087
Dec
May Jun Jul
8.7% ∆ YOY
Aug
119
Sep Oct Nov
Properties For Sale
-16.2% ∆ YOY
Dec
$2.789 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$4,087,500
$2,575,000
$5,444,000
$2,789,000
-31.8%
Average Price per Square Foot
$1,192
$1,040
$1,061
$1,296
8.7%
Properties Sold
6
14
6
10
66.7%
Properties Pending Sale
14
5
9
5
-64.3%
Properties For Sale
142
142
138
119
-16.2%
Days on Market (Pending Sale)
80
41
56
63
-20.6%
Percent Under Contract
9.9%
3.5%
6.5%
4.2%
-57.4%
Average Median Price for Last 12 Months
$3,731,833
$2,996,879
$2,900,259
$3,078,425
-21.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Bel-Air Holmby Hills Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
7
Beverly Center - Miracle Mile Single Family Residences, December 2023
Current Market Snapshot
$3,155,000 Median Sales Price
Jan
55.8% ∆ YOY
Feb Mar Apr
$1,030 Average $/SF
$2.025
Dec
May Jun Jul
-9.6% ∆ YOY
Aug
66
Sep Oct Nov
Properties For Sale
22.2% ∆ YOY
Dec
$3.155 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$2,025,000
$2,252,500
$2,485,000
$3,155,000
55.8%
Average Price per Square Foot
$1,140
$896
$943
$1,030
-9.6%
Properties Sold
7
12
12
13
85.7%
Properties Pending Sale
6
19
11
9
50.0%
Properties For Sale
54
84
68
66
22.2%
Days on Market (Pending Sale)
61
33
57
35
-43.0%
Percent Under Contract
11.1%
22.6%
16.2%
13.6%
22.7%
Average Median Price for Last 12 Months
$2,464,152
$2,412,500
$2,542,500
$2,184,962
-12.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Beverly Center - Miracle Mile Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
8
Micro Market Report : December 2023
Beverly Hills Single Family Residences, December 2023
Current Market Snapshot
$8,775,000 Median Sales Price
Jan
64.2% ∆ YOY
Feb Mar Apr
$1,414 Average $/SF
$5.343
Dec
May Jun Jul
-11.7% ∆ YOY
Aug
111
Sep Oct Nov
Properties For Sale
0.0% ∆ YOY
Dec
$8.775 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$5,343,500
$5,500,000
$4,050,000
$8,775,000
64.2%
Average Price per Square Foot
$1,602
$1,442
$1,545
$1,414
-11.7%
Properties Sold
10
13
7
4
-60.0%
Properties Pending Sale
9
11
5
8
-11.1%
Properties For Sale
111
107
120
111
0.0%
Days on Market (Pending Sale)
120
66
82
73
-38.7%
Percent Under Contract
8.1%
10.3%
4.2%
7.2%
-11.1%
Average Median Price for Last 12 Months
$7,189,191
$6,118,833
$6,308,333
$5,971,115
-20.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Beverly Hills Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
9
Beverly Hills- Post Office Single Family Residences, December 2023
Current Market Snapshot
$6,700,000 Median Sales Price
Jan
145.9% ∆ YOY
Feb Mar Apr
$1,005 Average $/SF
$2.725
Dec
May Jun Jul
-11.3% ∆ YOY
Aug
135
Sep Oct Nov
Properties For Sale
3.8% ∆ YOY
Dec
$6.700 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$2,725,000
$2,908,775
$2,340,000
$6,700,000
145.9%
Average Price per Square Foot
$1,133
$1,279
$1,135
$1,005
-11.3%
Properties Sold
9
10
7
4
-55.6%
Properties Pending Sale
6
9
13
5
-16.7%
Properties For Sale
130
148
151
135
3.8%
Days on Market (Pending Sale)
45
57
56
85
88.0%
Percent Under Contract
4.6%
6.1%
8.6%
3.7%
-19.8%
Average Median Price for Last 12 Months
$3,807,162
$3,984,583
$4,355,833
$3,950,262
3.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Beverly Hills- Post Office Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
10
Micro Market Report : December 2023
Beverlywood Single Family Residences, December 2023
Current Market Snapshot
$1,793,750 Median Sales Price
Jan
-2.4% ∆ YOY
Feb Mar Apr
$1,030 Average $/SF
$1.837
Dec
May Jun Jul
5.3% ∆ YOY
Aug
45
Sep Oct Nov
Properties For Sale
-29.7% ∆ YOY
Dec
$1.793 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$1,837,500
$2,179,800
$2,700,000
$1,793,750
-2.4%
Average Price per Square Foot
$978
$1,067
$966
$1,030
5.3%
Properties Sold
8
10
9
8
0.0%
Properties Pending Sale
8
7
10
3
-62.5%
Properties For Sale
64
55
52
45
-29.7%
Days on Market (Pending Sale)
31
29
39
61
100.3%
Percent Under Contract
12.5%
12.7%
19.2%
6.7%
-46.7%
Average Median Price for Last 12 Months
$1,770,292
$1,906,021
$1,746,208
$1,811,956
2.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Beverlywood Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
11
Brentwood Single Family Residences, December 2023
Current Market Snapshot
$3,862,500 Median Sales Price
$1,191 Average $/SF
$4.449
Dec Jan
-13.2% ∆ YOY
Feb Mar Apr May Jun Jul
-19.1% ∆ YOY
Aug
99
Sep Oct Nov
Properties For Sale
2.1% ∆ YOY
Dec
$3.862 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$4,449,512
$3,075,000
$2,960,000
$3,862,500
-13.2%
Average Price per Square Foot
$1,472
$1,140
$1,344
$1,191
-19.1%
Properties Sold
13
12
9
18
38.5%
Properties Pending Sale
12
11
9
12
0.0%
Properties For Sale
97
128
123
99
2.1%
Days on Market (Pending Sale)
37
60
50
25
-31.7%
Percent Under Contract
12.4%
8.6%
7.3%
12.1%
-2.0%
Average Median Price for Last 12 Months
$4,053,450
$3,646,250
$3,963,500
$3,993,693
-1.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Brentwood Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
12
Micro Market Report : December 2023
Cheviot Hills - Rancho Park Single Family Residences, December 2023
Current Market Snapshot
$2,330,000 Median Sales Price
$994 Average $/SF
$3.235
Dec Jan
-28.0% ∆ YOY
Feb Mar Apr May Jun Jul
-7.1% ∆ YOY
Aug
20
Sep Oct Nov
Properties For Sale
25.0% ∆ YOY
Dec
$2.330 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$3,235,000
$2,795,000
$2,800,000
$2,330,000
-28.0%
Average Price per Square Foot
$1,070
$1,129
$1,017
$994
-7.1%
Properties Sold
5
8
11
4
-20.0%
Properties Pending Sale
3
6
6
6
100.0%
Properties For Sale
16
19
22
20
25.0%
Days on Market (Pending Sale)
25
45
14
28
14.2%
Percent Under Contract
18.8%
31.6%
27.3%
30.0%
60.0%
Average Median Price for Last 12 Months
$2,840,781
$3,148,750
$3,820,833
$3,084,269
7.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Cheviot Hills - Rancho Park Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
13
Culver City Single Family Residences, December 2023
Current Market Snapshot
$1,642,500 Median Sales Price
Jan Feb
4.2% ∆ YOY
Mar Apr
$1,038 Average $/SF
$1.576
Dec
May Jun Jul
5.2% ∆ YOY
Aug
59
Sep Oct Nov
Properties For Sale
-14.5% ∆ YOY
Dec
$1.642 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$1,576,000
$1,600,000
$1,805,000
$1,642,500
4.2%
Average Price per Square Foot
$987
$985
$1,035
$1,038
5.2%
Properties Sold
11
26
16
12
9.1%
Properties Pending Sale
9
16
17
13
44.4%
Properties For Sale
69
76
87
59
-14.5%
Days on Market (Pending Sale)
38
16
22
49
29.5%
Percent Under Contract
13.0%
21.1%
19.5%
22.0%
68.9%
Average Median Price for Last 12 Months
$1,739,980
$1,631,167
$1,660,667
$1,591,115
-9.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Culver City Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
14
Micro Market Report : December 2023
Downtown Single Family Residences, December 2023
Current Market Snapshot
$599,999 Median Sales Price
$380 Average $/SF
$608
Dec Jan
-1.3% ∆ YOY
Feb Mar Apr May Jun Jul
-26.5% ∆ YOY
Aug
41
Sep Oct Nov
Properties For Sale
-14.6% ∆ YOY
Dec
$599 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$608,000
$650,000
$685,000
$599,999
-1.3%
Average Price per Square Foot
$517
$440
$458
$380
-26.5%
Properties Sold
5
9
7
7
40.0%
Properties Pending Sale
5
7
6
7
40.0%
Properties For Sale
48
51
58
41
-14.6%
Days on Market (Pending Sale)
36
31
54
72
99.7%
Percent Under Contract
10.4%
13.7%
10.3%
17.1%
63.9%
Average Median Price for Last 12 Months
$580,958
$610,583
$581,666
$591,808
1.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Downtown Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
15
Hancock Park - Wilshire Single Family Residences, December 2023
Current Market Snapshot
$2,900,000 Median Sales Price
$884 Average $/SF
$1.870
Dec Jan
55.1% ∆ YOY
Feb Mar Apr May Jun Jul
-7.0% ∆ YOY
Aug
71
Sep Oct Nov
Properties For Sale
-1.4% ∆ YOY
Dec
$2.900 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$1,870,000
$2,539,113
$1,920,000
$2,900,000
55.1%
Average Price per Square Foot
$951
$1,053
$1,015
$884
-7.0%
Properties Sold
13
18
9
10
-23.1%
Properties Pending Sale
7
13
14
12
71.4%
Properties For Sale
72
88
91
71
-1.4%
Days on Market (Pending Sale)
91
22
33
46
-49.4%
Percent Under Contract
9.7%
14.8%
15.4%
16.9%
73.8%
Average Median Price for Last 12 Months
$2,131,756
$2,180,713
$2,351,667
$2,290,723
6.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Hancock Park - Wilshire Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
16
Micro Market Report : December 2023
Hollywood Single Family Residences, December 2023
Current Market Snapshot
$1,079,750 Median Sales Price
Jan Feb
8.0% ∆ YOY
Mar Apr
$1,025 Average $/SF
$1.000
Dec
May Jun Jul
59.9% ∆ YOY
Aug
68
Sep Oct Nov
Properties For Sale
33.3% ∆ YOY
Dec
$1.079 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$1,000,000
$1,500,000
$1,475,000
$1,079,750
8.0%
Average Price per Square Foot
$641
$792
$820
$1,025
59.9%
Properties Sold
5
4
5
4
-20.0%
Properties Pending Sale
6
4
3
3
-50.0%
Properties For Sale
51
60
76
68
33.3%
Days on Market (Pending Sale)
38
91
52
82
118.6%
Percent Under Contract
11.8%
6.7%
3.9%
4.4%
-62.5%
Average Median Price for Last 12 Months
$1,406,208
$1,375,708
$1,315,750
$1,390,942
-1.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Hollywood Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
17
Hollywood Hills East Single Family Residences, December 2023
Current Market Snapshot
$2,407,500 Median Sales Price
$933 Average $/SF
$1.575
Dec Jan
52.9% ∆ YOY
Feb Mar Apr May Jun Jul
17.1% ∆ YOY
Aug
54
Sep Oct Nov
Properties For Sale
-8.5% ∆ YOY
Dec
$2.407 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$1,575,000
$1,885,000
$1,485,000
$2,407,500
52.9%
Average Price per Square Foot
$797
$1,053
$983
$933
17.1%
Properties Sold
2
8
7
6
200.0%
Properties Pending Sale
6
11
6
5
-16.7%
Properties For Sale
59
68
78
54
-8.5%
Days on Market (Pending Sale)
49
15
56
60
23.3%
Percent Under Contract
10.2%
16.2%
7.7%
9.3%
-9.0%
Average Median Price for Last 12 Months
$1,843,083
$2,240,417
$2,794,167
$1,997,161
7.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Hollywood Hills East Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
18
Micro Market Report : December 2023
Inglewood Single Family Residences, December 2023
Current Market Snapshot
$725,000 Median Sales Price
$538 Average $/SF
$710
Dec Jan Feb
2.1% ∆ YOY
Mar Apr May Jun Jul
-17.7% ∆ YOY
Aug
76
Sep Oct Nov
Properties For Sale
-11.6% ∆ YOY
Dec
$725 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$710,000
$777,500
$785,000
$725,000
2.1%
Average Price per Square Foot
$654
$546
$535
$538
-17.7%
Properties Sold
12
24
11
13
8.3%
Properties Pending Sale
11
14
12
15
36.4%
Properties For Sale
86
82
82
76
-11.6%
Days on Market (Pending Sale)
37
56
24
52
38.7%
Percent Under Contract
12.8%
17.1%
14.6%
19.7%
54.3%
Average Median Price for Last 12 Months
$802,792
$795,417
$807,500
$778,885
-3.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Inglewood Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
19
Ladera Heights Single Family Residences, December 2023
Current Market Snapshot
$2,318,775 Median Sales Price
$720 Average $/SF
$1.800
Dec Jan
28.8% ∆ YOY
Feb Mar Apr May Jun Jul
28.6% ∆ YOY
Aug
14
Sep Oct Nov
Properties For Sale
-22.2% ∆ YOY
Dec
$2.318 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$1,800,000
$1,370,000
$1,537,000
$2,318,775
28.8%
Average Price per Square Foot
$560
$742
$610
$720
28.6%
Properties Sold
1
3
2
2
100.0%
Properties Pending Sale
2
3
2
4
100.0%
Properties For Sale
18
21
20
14
-22.2%
Days on Market (Pending Sale)
21
10
38
37
80.5%
Percent Under Contract
11.1%
14.3%
10.0%
28.6%
157.1%
Average Median Price for Last 12 Months
$1,687,157
$1,758,046
$1,858,758
$1,676,602
-0.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Ladera Heights Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
20
Micro Market Report : December 2023
Laurel Canyon Single Family Residences, December 2023
Current Market Snapshot
$2,489,789 Median Sales Price
$946 Average $/SF
$2.119
Dec Jan
17.5% ∆ YOY
Feb Mar Apr May Jun Jul
5.9% ∆ YOY
Aug
121
Sep Oct Nov
Properties For Sale
-11.7% ∆ YOY
Dec
$2.489 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$2,119,250
$2,421,250
$2,180,000
$2,489,789
17.5%
Average Price per Square Foot
$893
$1,056
$966
$946
5.9%
Properties Sold
10
20
25
16
60.0%
Properties Pending Sale
17
17
8
9
-47.1%
Properties For Sale
137
163
144
121
-11.7%
Days on Market (Pending Sale)
57
36
46
80
39.4%
Percent Under Contract
12.4%
10.4%
5.6%
7.4%
-40.1%
Average Median Price for Last 12 Months
$2,281,229
$2,190,998
$2,172,829
$2,192,157
-4.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Laurel Canyon Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
21
Los Feliz Single Family Residences, December 2023
Current Market Snapshot
$1,941,500 Median Sales Price
$995 Average $/SF
$1.735
Dec Jan Feb
11.9% ∆ YOY
Mar Apr May Jun Jul
16.8% ∆ YOY
Aug
76
Sep Oct Nov
Properties For Sale
33.3% ∆ YOY
Dec
$1.941 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$1,735,000
$2,250,100
$2,141,000
$1,941,500
11.9%
Average Price per Square Foot
$852
$1,030
$994
$995
16.8%
Properties Sold
11
12
10
6
-45.5%
Properties Pending Sale
9
12
14
8
-11.1%
Properties For Sale
57
69
80
76
33.3%
Days on Market (Pending Sale)
41
52
35
31
-24.3%
Percent Under Contract
15.8%
17.4%
17.5%
10.5%
-33.3%
Average Median Price for Last 12 Months
$2,578,302
$2,374,667
$2,264,833
$2,299,785
-12.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Feliz Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
22
Micro Market Report : December 2023
Malibu Single Family Residences, December 2023
Current Market Snapshot
$2,490,000 Median Sales Price
Jan
-2.4% ∆ YOY
Feb Mar Apr
$1,206 Average $/SF
$2.550
Dec
May Jun Jul
19.2% ∆ YOY
Aug
151
Sep Oct Nov
Properties For Sale
20.8% ∆ YOY
Dec
$2.490 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$2,550,000
$3,100,000
$3,125,000
$2,490,000
-2.4%
Average Price per Square Foot
$1,012
$1,181
$1,449
$1,206
19.2%
Properties Sold
14
17
8
8
-42.9%
Properties Pending Sale
8
12
10
10
25.0%
Properties For Sale
125
149
169
151
20.8%
Days on Market (Pending Sale)
120
58
46
105
-12.3%
Percent Under Contract
6.4%
8.1%
5.9%
6.6%
3.5%
Average Median Price for Last 12 Months
$3,844,250
$4,185,000
$3,161,667
$3,500,500
-9.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Malibu Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
23
Malibu Beach Single Family Residences, December 2023
Current Market Snapshot
$16,187,500 Median Sales Price
Jan
52.9% ∆ YOY
Feb Mar Apr
$4,732 Average $/SF
$10.587
Dec
May Jun Jul
107.6% ∆ YOY
Aug
86
Sep Oct Nov
Properties For Sale
36.5% ∆ YOY
Dec
$16.187 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$10,587,500
$5,825,000
$13,600,000
$16,187,500
52.9%
Average Price per Square Foot
$2,279
$3,022
$3,667
$4,732
107.6%
Properties Sold
6
4
5
4
-33.3%
Properties Pending Sale
3
6
2
6
100.0%
Properties For Sale
63
97
92
86
36.5%
Days on Market (Pending Sale)
92
77
57
178
93.5%
Percent Under Contract
4.8%
6.2%
2.2%
7.0%
46.5%
Average Median Price for Last 12 Months
$9,521,899
$12,768,750
$11,604,167
$19,259,577
50.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Malibu Beach Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
24
Micro Market Report : December 2023
Marina Del Rey Single Family Residences, December 2023
Current Market Snapshot
$1,670,000 Median Sales Price
Jan Feb
9.4% ∆ YOY
Mar Apr
$1,145 Average $/SF
$1.526
Dec
May Jun Jul
-22.4% ∆ YOY
Aug
34
Sep Oct Nov
Properties For Sale
-10.5% ∆ YOY
Dec
$1.670 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$1,526,000
$1,756,500
$2,185,000
$1,670,000
9.4%
Average Price per Square Foot
$1,476
$1,061
$1,139
$1,145
-22.4%
Properties Sold
3
10
5
3
0.0%
Properties Pending Sale
6
6
3
7
16.7%
Properties For Sale
38
36
27
34
-10.5%
Days on Market (Pending Sale)
53
24
30
40
-24.1%
Percent Under Contract
15.8%
16.7%
11.1%
20.6%
30.4%
Average Median Price for Last 12 Months
$1,780,233
$2,097,917
$2,215,000
$2,117,692
15.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Marina Del Rey Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
25
Mid Los Angeles Single Family Residences, December 2023
Current Market Snapshot
$1,032,500 Median Sales Price
$636 Average $/SF
$1.113
Dec Jan
-7.3% ∆ YOY
Feb Mar Apr May Jun Jul
-2.3% ∆ YOY
Aug
106
Sep Oct Nov
Properties For Sale
-28.4% ∆ YOY
Dec
$1.032 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$1,113,420
$1,060,250
$1,100,000
$1,032,500
-7.3%
Average Price per Square Foot
$651
$661
$688
$636
-2.3%
Properties Sold
22
16
19
18
-18.2%
Properties Pending Sale
17
16
23
15
-11.8%
Properties For Sale
148
134
143
106
-28.4%
Days on Market (Pending Sale)
59
40
38
59
-0.5%
Percent Under Contract
11.5%
11.9%
16.1%
14.2%
23.2%
Average Median Price for Last 12 Months
$1,123,406
$1,059,417
$1,068,833
$1,051,624
-6.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Mid Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
26
Micro Market Report : December 2023
Mid Wilshire Single Family Residences, December 2023
Current Market Snapshot
$1,475,000 Median Sales Price
$549 Average $/SF
$1.192
Dec Jan
23.7% ∆ YOY
Feb Mar Apr May Jun Jul
-2.8% ∆ YOY
Aug
24
Sep Oct Nov
Properties For Sale
-11.1% ∆ YOY
Dec
$1.475 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$1,192,500
$1,027,000
$1,050,000
$1,475,000
23.7%
Average Price per Square Foot
$565
$587
$591
$549
-2.8%
Properties Sold
6
3
3
2
-66.7%
Properties Pending Sale
3
3
1
2
-33.3%
Properties For Sale
27
26
24
24
-11.1%
Days on Market (Pending Sale)
113
16
17
47
-59.0%
Percent Under Contract
11.1%
11.5%
4.2%
8.3%
-25.0%
Average Median Price for Last 12 Months
$1,266,167
$970,167
$821,667
$1,001,769
-26.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Mid Wilshire Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
27
Pacific Palisades Single Family Residences, December 2023
Current Market Snapshot
$2,700,000 Median Sales Price
Jan
-31.1% ∆ YOY
Feb Mar Apr
$1,344 Average $/SF
$3.917
Dec
May Jun Jul
-3.9% ∆ YOY
Aug
106
Sep Oct Nov
Properties For Sale
9.3% ∆ YOY
Dec
$2.700 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$3,917,500
$3,300,000
$5,375,000
$2,700,000
-31.1%
Average Price per Square Foot
$1,399
$1,339
$1,713
$1,344
-3.9%
Properties Sold
16
17
14
13
-18.8%
Properties Pending Sale
8
19
14
9
12.5%
Properties For Sale
97
158
140
106
9.3%
Days on Market (Pending Sale)
30
39
23
52
74.4%
Percent Under Contract
8.2%
12.0%
10.0%
8.5%
2.9%
Average Median Price for Last 12 Months
$4,630,440
$4,283,917
$4,259,833
$4,255,923
-8.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Pacific Palisades Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
28
Micro Market Report : December 2023
Palms - Mar Vista Single Family Residences, December 2023
Current Market Snapshot
$2,565,000 Median Sales Price
$961
Average $/SF
$2.147
Dec Jan
19.4% ∆ YOY
Feb Mar Apr May Jun Jul
-10.7% ∆ YOY
Aug
79
Sep Oct Nov
Properties For Sale
8.2% ∆ YOY
Dec
$2.565 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$2,147,500
$1,765,000
$1,842,650
$2,565,000
19.4%
Average Price per Square Foot
$1,076
$1,078
$1,113
$961
-10.7%
Properties Sold
18
20
12
17
-5.6%
Properties Pending Sale
15
19
14
17
13.3%
Properties For Sale
73
78
89
79
8.2%
Days on Market (Pending Sale)
37
15
20
24
-34.9%
Percent Under Contract
20.5%
24.4%
15.7%
21.5%
4.7%
Average Median Price for Last 12 Months
$1,994,829
$2,044,608
$2,138,333
$2,004,435
0.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Palms - Mar Vista Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
29
Park Hills Heights Single Family Residences, December 2023
Current Market Snapshot
$1,035,000 Median Sales Price
$626 Average $/SF
$1.005
Dec Jan Feb
3.0% ∆ YOY
Mar Apr May Jun Jul
-0.2% ∆ YOY
Aug
141
Sep Oct Nov
Properties For Sale
-26.9% ∆ YOY
Dec
$1.035 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$1,005,000
$1,114,000
$1,007,500
$1,035,000
3.0%
Average Price per Square Foot
$627
$724
$582
$626
-0.2%
Properties Sold
27
35
22
27
0.0%
Properties Pending Sale
35
28
33
28
-20.0%
Properties For Sale
193
151
188
141
-26.9%
Days on Market (Pending Sale)
53
46
46
41
-23.7%
Percent Under Contract
18.1%
18.5%
17.6%
19.9%
9.5%
Average Median Price for Last 12 Months
$1,044,860
$1,032,625
$1,034,167
$1,006,519
-3.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Park Hills Heights Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
30
Micro Market Report : December 2023
Playa Del Rey Single Family Residences, December 2023
Current Market Snapshot
$1,815,500 Median Sales Price
$915
Average $/SF
$1.417
Dec Jan
28.1% ∆ YOY
Feb Mar Apr May Jun Jul
32.6% ∆ YOY
Aug
11
Sep Oct Nov
Properties For Sale
-21.4% ∆ YOY
Dec
$1.815 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$1,417,500
$3,399,000
$2,683,450
$1,815,500
28.1%
Average Price per Square Foot
$690
$1,145
$936
$915
32.6%
Properties Sold
2
1
3
4
100.0%
Properties Pending Sale
4
1
2
0
-100.0%
Properties For Sale
14
19
24
11
-21.4%
Days on Market (Pending Sale)
28
207
16
0
-100.0%
Percent Under Contract
28.6%
5.3%
8.3%
0.0%
-100.0%
Average Median Price for Last 12 Months
$2,377,604
$2,256,075
$2,053,167
$2,314,727
-2.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Playa Del Rey Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
31
Playa Vista Single Family Residences, December 2023
Current Market Snapshot
$3,012,500 Median Sales Price
$842 Average $/SF
$1.910
Dec Jan
57.7% ∆ YOY
Feb Mar Apr May Jun Jul
-0.2% ∆ YOY
Aug
10
Sep Oct Nov
Properties For Sale
42.9% ∆ YOY
Dec
$3.012 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$1,910,000
$2,905,000
$3,575,000
$3,012,500
57.7%
Average Price per Square Foot
$844
$892
$1,006
$842
-0.2%
Properties Sold
2
2
3
2
0.0%
Properties Pending Sale
1
1
1
2
100.0%
Properties For Sale
7
9
7
10
42.9%
Days on Market (Pending Sale)
5
40
36
23
360.0%
Percent Under Contract
14.3%
11.1%
14.3%
20.0%
40.0%
Average Median Price for Last 12 Months
$2,473,927
$2,525,250
$3,103,833
$2,668,462
7.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Playa Vista Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
32
Micro Market Report : December 2023
Santa Monica Single Family Residences, December 2023
Current Market Snapshot
$3,259,000 Median Sales Price
Jan Feb
8.7% ∆ YOY
Mar Apr
$1,550 Average $/SF
$2.997
Dec
May Jun Jul
5.2% ∆ YOY
Aug
116
Sep Oct Nov
Properties For Sale
-5.7% ∆ YOY
Dec
$3.259 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$2,997,500
$3,420,000
$3,269,000
$3,259,000
8.7%
Average Price per Square Foot
$1,474
$1,623
$1,518
$1,550
5.2%
Properties Sold
12
17
18
14
16.7%
Properties Pending Sale
8
19
14
13
62.5%
Properties For Sale
123
140
141
116
-5.7%
Days on Market (Pending Sale)
42
41
34
45
7.1%
Percent Under Contract
6.5%
13.6%
9.9%
11.2%
72.3%
Average Median Price for Last 12 Months
$3,740,610
$3,357,012
$3,266,690
$3,721,044
-0.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Santa Monica Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
33
Sunset Strip - Hollywood Hills West Single Family Residences, December 2023
Current Market Snapshot
$2,305,000 Median Sales Price
Jan
-9.6% ∆ YOY
Feb Mar Apr
$1,099 Average $/SF
$2.550
Dec
May Jun Jul
24.5% ∆ YOY
Aug
247
Sep Oct Nov
Properties For Sale
-6.4% ∆ YOY
Dec
$2.305 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$2,550,000
$2,825,000
$2,400,000
$2,305,000
-9.6%
Average Price per Square Foot
$883
$1,218
$946
$1,099
24.5%
Properties Sold
15
25
29
26
73.3%
Properties Pending Sale
24
29
12
13
-45.8%
Properties For Sale
264
317
278
247
-6.4%
Days on Market (Pending Sale)
64
36
58
69
7.8%
Percent Under Contract
9.1%
9.1%
4.3%
5.3%
-42.1%
Average Median Price for Last 12 Months
$2,471,042
$2,200,025
$2,143,117
$2,435,742
-1.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Sunset Strip - Hollywood Hills West Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
34
Micro Market Report : December 2023
Venice Single Family Residences, December 2023
Current Market Snapshot
$2,425,000 Median Sales Price
Jan
12.8% ∆ YOY
Feb Mar Apr
$1,241 Average $/SF
$2.150
Dec
May Jun Jul
-10.0% ∆ YOY
Aug
117
Sep Oct Nov
Properties For Sale
14.7% ∆ YOY
Dec
$2.425 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$2,150,000
$2,500,000
$2,737,500
$2,425,000
12.8%
Average Price per Square Foot
$1,379
$1,209
$1,245
$1,241
-10.0%
Properties Sold
15
15
14
9
-40.0%
Properties Pending Sale
10
16
23
8
-20.0%
Properties For Sale
102
109
137
117
14.7%
Days on Market (Pending Sale)
65
41
34
35
-46.3%
Percent Under Contract
9.8%
14.7%
16.8%
6.8%
-30.3%
Average Median Price for Last 12 Months
$2,397,893
$2,711,851
$2,769,534
$2,535,854
5.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Venice Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
35
West Adams Single Family Residences, December 2023
Current Market Snapshot
$965,000 Median Sales Price
$805 Average $/SF
$1.145
Dec Jan
-15.7% ∆ YOY
Feb Mar Apr May Jun Jul
10.4% ∆ YOY
Aug
62
Sep Oct Nov
Properties For Sale
-11.4% ∆ YOY
Dec
$965 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$1,145,250
$1,292,500
$999,000
$965,000
-15.7%
Average Price per Square Foot
$729
$822
$620
$805
10.4%
Properties Sold
12
6
4
12
0.0%
Properties Pending Sale
11
5
11
12
9.1%
Properties For Sale
70
60
77
62
-11.4%
Days on Market (Pending Sale)
41
51
42
52
27.3%
Percent Under Contract
15.7%
8.3%
14.3%
19.4%
23.2%
Average Median Price for Last 12 Months
$1,167,813
$1,029,750
$1,000,000
$1,105,981
-5.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in West Adams Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
36
Micro Market Report : December 2023
West Hollywood Single Family Residences, December 2023
Current Market Snapshot
$2,195,000 Median Sales Price
$838 Average $/SF
$2.174
Dec Jan Feb
0.9% ∆ YOY
Mar Apr May Jun Jul
-32.1% ∆ YOY
Aug
58
Sep Oct Nov
Properties For Sale
-30.1% ∆ YOY
Dec
$2.195 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$2,174,500
$2,375,000
$2,400,000
$2,195,000
0.9%
Average Price per Square Foot
$1,234
$1,135
$1,011
$838
-32.1%
Properties Sold
4
10
11
3
-25.0%
Properties Pending Sale
5
6
6
1
-80.0%
Properties For Sale
83
70
67
58
-30.1%
Days on Market (Pending Sale)
42
33
37
69
62.7%
Percent Under Contract
6.0%
8.6%
9.0%
1.7%
-71.4%
Average Median Price for Last 12 Months
$2,630,838
$2,271,833
$2,182,500
$2,164,077
-21.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in West Hollywood Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
37
West Los Angeles Single Family Residences, December 2023
Current Market Snapshot
$1,656,000 Median Sales Price
$986 Average $/SF
$1.636
Dec Jan Feb
1.2% ∆ YOY
Mar Apr May Jun Jul
14.7% ∆ YOY
Aug
35
Sep Oct Nov
Properties For Sale
25.0% ∆ YOY
Dec
$1.656 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$1,636,000
$1,195,000
$1,560,000
$1,656,000
1.2%
Average Price per Square Foot
$860
$1,083
$1,163
$986
14.7%
Properties Sold
3
5
7
5
66.7%
Properties Pending Sale
6
5
6
3
-50.0%
Properties For Sale
28
25
37
35
25.0%
Days on Market (Pending Sale)
48
24
22
27
-43.3%
Percent Under Contract
21.4%
20.0%
16.2%
8.6%
-60.0%
Average Median Price for Last 12 Months
$1,636,453
$1,707,744
$1,687,988
$1,708,954
4.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in West Los Angeles Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
38
Micro Market Report : December 2023
Westchester Single Family Residences, December 2023
Current Market Snapshot
$1,550,000 Median Sales Price
$841
Average $/SF
$1.435
Dec Jan Feb
8.0% ∆ YOY
Mar Apr May Jun Jul
10.2% ∆ YOY
Aug
52
Sep Oct Nov
Properties For Sale
-45.8% ∆ YOY
Dec
$1.550 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$1,435,600
$1,628,000
$1,579,495
$1,550,000
8.0%
Average Price per Square Foot
$763
$901
$927
$841
10.2%
Properties Sold
16
25
21
19
18.8%
Properties Pending Sale
16
19
15
8
-50.0%
Properties For Sale
96
64
79
52
-45.8%
Days on Market (Pending Sale)
51
17
20
46
-10.4%
Percent Under Contract
16.7%
29.7%
19.0%
15.4%
-7.7%
Average Median Price for Last 12 Months
$1,578,647
$1,626,791
$1,573,333
$1,584,988
0.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Westchester Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
39
Westwood - Century City Single Family Residences, December 2023
Current Market Snapshot
$2,555,000 Median Sales Price
Jan
15.7% ∆ YOY
Feb Mar Apr
$1,102 Average $/SF
$2.207
Dec
May Jun Jul
-4.0% ∆ YOY
Aug
57
Sep Oct Nov
Properties For Sale
-9.5% ∆ YOY
Dec
$2.555 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$2,207,500
$2,432,500
$2,265,000
$2,555,000
15.7%
Average Price per Square Foot
$1,148
$1,153
$1,113
$1,102
-4.0%
Properties Sold
6
12
12
13
116.7%
Properties Pending Sale
4
20
12
7
75.0%
Properties For Sale
63
72
67
57
-9.5%
Days on Market (Pending Sale)
21
20
28
26
22.4%
Percent Under Contract
6.3%
27.8%
17.9%
12.3%
93.4%
Average Median Price for Last 12 Months
$2,677,461
$2,491,667
$2,551,667
$2,520,577
-6.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Westwood - Century City Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
40
Micro Market Report : December 2023
South Bay Macro Market Single Family Residences, December 2023
Current Market Snapshot
$1,500,000 Median Sales Price
$876
Average $/SF
$1.370
Dec Jan Feb
9.5% ∆ YOY
Mar Apr May Jun Jul
7.1% ∆ YOY
Aug
522
Sep Oct Nov
Properties For Sale
-12.9% ∆ YOY
Dec
$1.500 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$1,370,000
$1,670,000
$1,577,250
$1,500,000
9.5%
Average Price per Square Foot
$818
$955
$994
$876
7.1%
Properties Sold
151
218
191
149
-1.3%
Properties Pending Sale
92
195
146
120
30.4%
Properties For Sale
599
696
716
522
-12.9%
Days on Market (Pending Sale)
45
28
27
46
2.8%
Percent Under Contract
15.4%
28.0%
20.4%
23.0%
49.7%
Average Median Price for Last 12 Months
$1,561,818
$1,529,208
$1,551,667
$1,478,635
-5.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in South Bay Macro Market Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
41
El Segundo Single Family Residences, December 2023
Current Market Snapshot
$1,930,500 Median Sales Price
$945 Average $/SF
$1.619
Dec Jan
19.2% ∆ YOY
Feb Mar Apr May Jun Jul
2.3% ∆ YOY
Aug
16
Sep Oct Nov
Properties For Sale
-30.4% ∆ YOY
Dec
$1.930 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$1,619,000
$1,704,000
$2,350,000
$1,930,500
19.2%
Average Price per Square Foot
$924
$946
$760
$945
2.3%
Properties Sold
1
9
3
4
300.0%
Properties Pending Sale
0
1
4
3
n/a
Properties For Sale
23
20
22
16
-30.4%
Days on Market (Pending Sale)
0
62
52
44
n/a
Percent Under Contract
0.0%
5.0%
18.2%
18.8%
n/a
Average Median Price for Last 12 Months
$1,935,792
$1,920,167
$1,896,833
$1,862,269
-3.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in El Segundo Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
42
Micro Market Report : December 2023
Hermosa Beach Single Family Residences, December 2023
Current Market Snapshot
$4,587,500 Median Sales Price
Jan
138.3% ∆ YOY
Feb Mar Apr
$1,266 Average $/SF
$1.925
Dec
May Jun Jul
6.5% ∆ YOY
Aug
36
Sep Oct Nov
Properties For Sale
33.3% ∆ YOY
Dec
$4.587 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$1,925,000
$2,982,500
$2,025,000
$4,587,500
138.3%
Average Price per Square Foot
$1,189
$2,076
$1,582
$1,266
6.5%
Properties Sold
6
10
15
4
-33.3%
Properties Pending Sale
0
11
5
5
n/a
Properties For Sale
27
51
34
36
33.3%
Days on Market (Pending Sale)
0
46
87
54
n/a
Percent Under Contract
0.0%
21.6%
14.7%
13.9%
n/a
Average Median Price for Last 12 Months
$2,533,708
$2,771,250
$2,925,000
$2,673,035
5.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Hermosa Beach Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
43
Long Beach Single Family Residences, December 2023
Current Market Snapshot
$921,000 Median Sales Price
$642 Average $/SF
$830
Dec Jan
11.0% ∆ YOY
Feb Mar Apr May Jun Jul
6.8% ∆ YOY
Aug
274
Sep Oct Nov
Properties For Sale
-32.2% ∆ YOY
Dec
$921 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$830,000
$925,000
$939,000
$921,000
11.0%
Average Price per Square Foot
$601
$634
$750
$642
6.8%
Properties Sold
101
155
93
102
1.0%
Properties Pending Sale
84
115
101
75
-10.7%
Properties For Sale
404
376
405
274
-32.2%
Days on Market (Pending Sale)
50
19
23
29
-42.6%
Percent Under Contract
20.8%
30.6%
24.9%
27.4%
31.6%
Average Median Price for Last 12 Months
$894,833
$928,750
$927,833
$896,577
0.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Long Beach Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
44
Micro Market Report : December 2023
Manhattan Beach Single Family Residences, December 2023
Current Market Snapshot
$2,985,000 Median Sales Price
Jan
35.7% ∆ YOY
Feb Mar Apr
$1,183 Average $/SF
$2.200
Dec
May Jun Jul
-8.5% ∆ YOY
Aug
79
Sep Oct Nov
Properties For Sale
-8.1% ∆ YOY
Dec
$2.985 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$2,200,000
$3,350,000
$3,117,500
$2,985,000
35.7%
Average Price per Square Foot
$1,293
$1,328
$1,467
$1,183
-8.5%
Properties Sold
17
21
22
18
5.9%
Properties Pending Sale
9
25
11
12
33.3%
Properties For Sale
86
104
105
79
-8.1%
Days on Market (Pending Sale)
52
63
37
52
1.0%
Percent Under Contract
10.5%
24.0%
10.5%
15.2%
45.1%
Average Median Price for Last 12 Months
$3,224,208
$2,919,333
$2,845,333
$3,171,615
-1.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Manhattan Beach Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
45
Manhattan Beach Mira Costa Single Family Residences, December 2023
Current Market Snapshot
$1,930,500 Median Sales Price
$901
Average $/SF
$2.490
Dec Jan
-22.5% ∆ YOY
Feb Mar Apr May Jun Jul
-8.0% ∆ YOY
Aug
4
Sep Oct Nov
Properties For Sale
-50.0% ∆ YOY
Dec
$1.930 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$2,490,000
$1,866,250
$1,902,500
$1,930,500
-22.5%
Average Price per Square Foot
$979
$1,095
$1,294
$901
-8.0%
Properties Sold
5
4
6
4
-20.0%
Properties Pending Sale
4
4
3
0
-100.0%
Properties For Sale
8
15
11
4
-50.0%
Days on Market (Pending Sale)
63
85
20
0
-100.0%
Percent Under Contract
50.0%
26.7%
27.3%
0.0%
-100.0%
Average Median Price for Last 12 Months
$2,578,250
$1,626,958
$1,309,750
$1,818,686
-29.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Manhattan Beach Mira Costa Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
46
Micro Market Report : December 2023
Manhattan Beach Sand Single Family Residences, December 2023
Current Market Snapshot
$2,607,500 Median Sales Price
Jan
13.4% ∆ YOY
Feb Mar Apr
$1,430 Average $/SF
$2.300
Dec
May Jun Jul
-20.2% ∆ YOY
Aug
31
Sep Oct Nov
Properties For Sale
-3.1% ∆ YOY
Dec
$2.607 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$2,300,000
$6,387,000
$5,850,000
$2,607,500
13.4%
Average Price per Square Foot
$1,791
$1,943
$1,762
$1,430
-20.2%
Properties Sold
3
4
6
2
-33.3%
Properties Pending Sale
0
5
1
3
n/a
Properties For Sale
32
31
29
31
-3.1%
Days on Market (Pending Sale)
0
83
122
14
n/a
Percent Under Contract
0.0%
16.1%
3.4%
9.7%
n/a
Average Median Price for Last 12 Months
$3,892,000
$4,001,250
$2,590,000
$3,807,269
-2.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Manhattan Beach Sand Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
47
Manhattan Beach Tree Single Family Residences, December 2023
Current Market Snapshot
$2,985,000 Median Sales Price
Jan
43.9% ∆ YOY
Feb Mar Apr
$1,273 Average $/SF
$2.075
Dec
May Jun Jul
9.6% ∆ YOY
Aug
26
Sep Oct Nov
Properties For Sale
30.0% ∆ YOY
Dec
$2.985 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$2,075,000
$3,075,000
$3,007,500
$2,985,000
43.9%
Average Price per Square Foot
$1,162
$1,250
$1,293
$1,273
9.6%
Properties Sold
4
6
8
10
150.0%
Properties Pending Sale
2
7
5
7
250.0%
Properties For Sale
20
27
39
26
30.0%
Days on Market (Pending Sale)
8
87
38
75
835.7%
Percent Under Contract
10.0%
25.9%
12.8%
26.9%
169.2%
Average Median Price for Last 12 Months
$3,497,708
$3,049,250
$3,203,833
$3,173,500
-9.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Manhattan Beach Tree Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
48
Micro Market Report : December 2023
Palos Verdes Estates Single Family Residences, December 2023
Current Market Snapshot
$2,800,000 Median Sales Price
18.3% ∆ YOY
Jan Feb Mar Apr
$1,145 Average $/SF
$2.367
Dec
May Jun Jul
27.6% ∆ YOY
Aug
55
Sep Oct Nov
Properties For Sale
37.5% ∆ YOY
Dec
$2.800 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$2,367,500
$2,550,000
$2,200,000
$2,800,000
18.3%
Average Price per Square Foot
$897
$928
$969
$1,145
27.6%
Properties Sold
8
23
13
7
-12.5%
Properties Pending Sale
5
19
10
8
60.0%
Properties For Sale
40
70
75
55
37.5%
Days on Market (Pending Sale)
84
18
34
66
-22.0%
Percent Under Contract
12.5%
27.1%
13.3%
14.5%
16.4%
Average Median Price for Last 12 Months
$2,974,708
$2,636,021
$2,842,375
$2,874,971
-3.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Palos Verdes Estates Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
49
Rancho Palos Verdes Single Family Residences, December 2023
Current Market Snapshot
$1,950,000 Median Sales Price
$843 Average $/SF
$1.915
Dec Jan Feb
1.8% ∆ YOY
Mar Apr May Jun Jul
0.5% ∆ YOY
Aug
73
Sep Oct Nov
Properties For Sale
-16.1% ∆ YOY
Dec
$1.950 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$1,915,000
$1,860,000
$1,895,000
$1,950,000
1.8%
Average Price per Square Foot
$839
$862
$872
$843
0.5%
Properties Sold
20
31
17
21
5.0%
Properties Pending Sale
16
26
22
15
-6.2%
Properties For Sale
87
102
117
73
-16.1%
Days on Market (Pending Sale)
46
13
25
61
33.2%
Percent Under Contract
18.4%
25.5%
18.8%
20.5%
11.7%
Average Median Price for Last 12 Months
$1,879,171
$1,787,500
$1,851,667
$1,794,391
-4.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Rancho Palos Verdes Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
50
Micro Market Report : December 2023
Redondo Beach- North Single Family Residences, December 2023
Current Market Snapshot
$1,397,500 Median Sales Price
$890 Average $/SF
$1.299
Dec Jan Feb
7.5% ∆ YOY
Mar Apr May Jun Jul
11.7% ∆ YOY
Aug
25
Sep Oct Nov
Properties For Sale
-46.8% ∆ YOY
Dec
$1.397 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$1,299,500
$1,555,000
$1,420,000
$1,397,500
7.5%
Average Price per Square Foot
$797
$939
$884
$890
11.7%
Properties Sold
10
14
12
10
0.0%
Properties Pending Sale
6
13
7
9
50.0%
Properties For Sale
47
42
35
25
-46.8%
Days on Market (Pending Sale)
64
22
24
41
-35.8%
Percent Under Contract
12.8%
31.0%
20.0%
36.0%
182.0%
Average Median Price for Last 12 Months
$1,473,667
$1,401,333
$1,385,167
$1,416,481
-3.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Redondo Beach- North Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
51
Redondo Beach- South Single Family Residences, December 2023
Current Market Snapshot
$1,984,500 Median Sales Price
$981
Average $/SF
$2.379
Dec Jan
-16.6% ∆ YOY
Feb Mar Apr May Jun Jul
7.4% ∆ YOY
Aug
21
Sep Oct Nov
Properties For Sale
23.5% ∆ YOY
Dec
$1.984 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$2,379,000
$1,810,000
$1,850,000
$1,984,500
-16.6%
Average Price per Square Foot
$913
$1,209
$1,174
$981
7.4%
Properties Sold
9
13
9
12
33.3%
Properties Pending Sale
2
14
11
4
100.0%
Properties For Sale
17
25
39
21
23.5%
Days on Market (Pending Sale)
47
17
21
86
83.0%
Percent Under Contract
11.8%
56.0%
28.2%
19.0%
61.9%
Average Median Price for Last 12 Months
$2,181,682
$2,021,250
$2,024,167
$2,036,644
-6.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Redondo Beach- South Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
52
Micro Market Report : December 2023
Rolling Hills Single Family Residences, December 2023
Current Market Snapshot
$3,350,000 Median Sales Price
Jan
45.7% ∆ YOY
Feb Mar Apr
$1,060 Average $/SF
$2.300
Dec
May Jun Jul
38.0% ∆ YOY
Aug
12
Sep Oct Nov
Properties For Sale
-7.7% ∆ YOY
Dec
$3.350 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$2,300,000
$6,395,000
$4,550,000
$3,350,000
45.7%
Average Price per Square Foot
$768
$1,194
$1,048
$1,060
38.0%
Properties Sold
1
3
4
2
100.0%
Properties Pending Sale
0
2
1
2
n/a
Properties For Sale
13
16
12
12
-7.7%
Days on Market (Pending Sale)
0
36
38
94
n/a
Percent Under Contract
0.0%
12.5%
8.3%
16.7%
n/a
Average Median Price for Last 12 Months
$2,729,680
$5,331,667
$5,600,000
$4,717,885
72.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Rolling Hills Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
53
Rolling Hills Estates Single Family Residences, December 2023
Current Market Snapshot
$1,799,000 Median Sales Price
$915
Average $/SF
$1.385
Dec Jan
29.9% ∆ YOY
Feb Mar Apr May Jun Jul
12.0% ∆ YOY
Aug
17
Sep Oct Nov
Properties For Sale
-10.5% ∆ YOY
Dec
$1.799 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$1,385,000
$2,400,000
$3,075,000
$1,799,000
29.9%
Average Price per Square Foot
$817
$846
$960
$915
12.0%
Properties Sold
2
5
8
3
50.0%
Properties Pending Sale
1
2
6
7
600.0%
Properties For Sale
19
18
17
17
-10.5%
Days on Market (Pending Sale)
4
6
53
14
257.1%
Percent Under Contract
5.3%
11.1%
35.3%
41.2%
682.4%
Average Median Price for Last 12 Months
$2,705,110
$2,892,000
$3,353,833
$2,514,269
-7.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Rolling Hills Estates Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
54
Micro Market Report : December 2023
San Pedro Single Family Residences, December 2023
Current Market Snapshot
$910,000 Median Sales Price
$530 Average $/SF
$918
Dec Jan
-1.0% ∆ YOY
Feb Mar Apr May Jun Jul
-11.4% ∆ YOY
Aug
90
Sep Oct Nov
Properties For Sale
0.0% ∆ YOY
Dec
$910 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$918,895
$1,000,000
$904,000
$910,000
-1.0%
Average Price per Square Foot
$598
$630
$696
$530
-11.4%
Properties Sold
24
25
24
27
12.5%
Properties Pending Sale
17
27
20
23
35.3%
Properties For Sale
90
89
100
90
0.0%
Days on Market (Pending Sale)
45
30
15
45
0.0%
Percent Under Contract
18.9%
30.3%
20.0%
25.6%
35.3%
Average Median Price for Last 12 Months
$961,491
$962,046
$1,000,833
$932,839
-3.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in San Pedro Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
55
Torrance- County Strip Single Family Residences, December 2023
Current Market Snapshot
$880,000 Median Sales Price
$559
Average $/SF
$740
Dec Jan
18.9% ∆ YOY
Feb Mar Apr May Jun Jul
-3.0% ∆ YOY
Aug
5
Sep Oct Nov
Properties For Sale
-70.6% ∆ YOY
Dec
$880 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$740,000
$818,000
$840,000
$880,000
18.9%
Average Price per Square Foot
$576
$570
$622
$559
-3.0%
Properties Sold
5
3
5
7
40.0%
Properties Pending Sale
1
3
1
2
100.0%
Properties For Sale
17
11
10
5
-70.6%
Days on Market (Pending Sale)
7
29
7
62
778.6%
Percent Under Contract
5.9%
27.3%
10.0%
40.0%
580.0%
Average Median Price for Last 12 Months
$818,158
$814,167
$842,500
$807,077
-1.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Torrance- County Strip Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
56
Micro Market Report : December 2023
Torrance- North Single Family Residences, December 2023
Current Market Snapshot
$920,000 Median Sales Price
$623 Average $/SF
$933
Dec Jan
-1.4% ∆ YOY
Feb Mar Apr May Jun Jul
14.9% ∆ YOY
Aug
22
Sep Oct Nov
Properties For Sale
-38.9% ∆ YOY
Dec
$920 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$933,000
$1,161,250
$900,000
$920,000
-1.4%
Average Price per Square Foot
$542
$659
$682
$623
14.9%
Properties Sold
13
18
18
11
-15.4%
Properties Pending Sale
11
18
15
13
18.2%
Properties For Sale
36
37
40
22
-38.9%
Days on Market (Pending Sale)
19
22
28
25
29.9%
Percent Under Contract
30.6%
48.6%
37.5%
59.1%
93.4%
Average Median Price for Last 12 Months
$968,424
$947,917
$959,167
$962,135
-0.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Torrance- North Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
57
Torrance- South Single Family Residences, December 2023
Current Market Snapshot
$1,266,500 Median Sales Price
$821
Average $/SF
$1.246
Dec Jan Feb
1.6% ∆ YOY
Mar Apr May Jun Jul
25.9% ∆ YOY
Aug
18
Sep Oct Nov
Properties For Sale
-48.6% ∆ YOY
Dec
$1.266 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$1,246,000
$1,287,500
$1,360,000
$1,266,500
1.6%
Average Price per Square Foot
$652
$782
$780
$821
25.9%
Properties Sold
12
16
17
6
-50.0%
Properties Pending Sale
9
12
17
3
-66.7%
Properties For Sale
35
39
43
18
-48.6%
Days on Market (Pending Sale)
46
15
22
30
-33.6%
Percent Under Contract
25.7%
30.8%
39.5%
16.7%
-35.2%
Average Median Price for Last 12 Months
$1,352,917
$1,391,125
$1,353,917
$1,339,475
-1.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Torrance- South Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
58
Micro Market Report : December 2023
Torrance- Southeast Single Family Residences, December 2023
Current Market Snapshot
$825,000 Median Sales Price
$674
Average $/SF
$1.100
Dec Jan
-25.0% ∆ YOY
Feb Mar Apr May Jun Jul
10.3% ∆ YOY
Aug
31
Sep Oct Nov
Properties For Sale
3.3% ∆ YOY
Dec
$825 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$1,100,000
$1,190,000
$1,154,409
$825,000
-25.0%
Average Price per Square Foot
$611
$595
$568
$674
10.3%
Properties Sold
11
17
10
9
-18.2%
Properties Pending Sale
7
8
10
10
42.9%
Properties For Sale
30
36
42
31
3.3%
Days on Market (Pending Sale)
41
58
16
43
4.1%
Percent Under Contract
23.3%
22.2%
23.8%
32.3%
38.2%
Average Median Price for Last 12 Months
$978,878
$1,016,568
$1,010,000
$1,066,955
9.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Torrance- Southeast Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
59
Torrance- West Single Family Residences, December 2023
Current Market Snapshot
$1,275,000 Median Sales Price
$790 Average $/SF
$1.167
Dec Jan Feb
9.2% ∆ YOY
Mar Apr May Jun Jul
18.8% ∆ YOY
Aug
23
Sep Oct Nov
Properties For Sale
-32.4% ∆ YOY
Dec
$1.275 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$1,167,500
$1,225,000
$1,385,500
$1,275,000
9.2%
Average Price per Square Foot
$665
$749
$791
$790
18.8%
Properties Sold
12
11
14
8
-33.3%
Properties Pending Sale
8
15
6
4
-50.0%
Properties For Sale
34
38
27
23
-32.4%
Days on Market (Pending Sale)
40
10
11
7
-83.7%
Percent Under Contract
23.5%
39.5%
22.2%
17.4%
-26.1%
Average Median Price for Last 12 Months
$1,342,408
$1,288,417
$1,253,333
$1,228,442
-8.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Torrance- West Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
60
Micro Market Report : December 2023
San Fernando Valley Macro Market Single Family Residences, December 2023
Current Market Snapshot
$1,367,188 Median Sales Price
$719
Average $/SF
$1.320
Dec Jan Feb
3.6% ∆ YOY
Mar Apr May Jun Jul
4.8% ∆ YOY
Aug
1,330
Sep Oct Nov
Properties For Sale
-13.0% ∆ YOY
Dec
$1.367 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$1,320,000
$1,490,000
$1,415,000
$1,367,188
3.6%
Average Price per Square Foot
$686
$731
$728
$719
4.8%
Properties Sold
269
419
289
274
1.9%
Properties Pending Sale
242
345
270
235
-2.9%
Properties For Sale
1,528
1,609
1,618
1,330
-13.0%
Days on Market (Pending Sale)
44
27
32
39
-11.4%
Percent Under Contract
15.8%
21.4%
16.7%
17.7%
11.6%
Average Median Price for Last 12 Months
$1,428,635
$1,439,948
$1,419,063
$1,419,588
-0.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in San Fernando Valley Macro Market Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
61
Agoura Hills Single Family Residences, December 2023
Current Market Snapshot
$1,392,500 Median Sales Price
$673 Average $/SF
$1.267
Dec Jan Feb
9.9% ∆ YOY
Mar Apr May Jun Jul
21.9% ∆ YOY
Aug
57
Sep Oct Nov
Properties For Sale
1.8% ∆ YOY
Dec
$1.392 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$1,267,500
$1,470,000
$1,425,000
$1,392,500
9.9%
Average Price per Square Foot
$552
$619
$581
$673
21.9%
Properties Sold
10
14
13
16
60.0%
Properties Pending Sale
10
11
10
14
40.0%
Properties For Sale
56
69
58
57
1.8%
Days on Market (Pending Sale)
51
34
83
38
-26.3%
Percent Under Contract
17.9%
15.9%
17.2%
24.6%
37.5%
Average Median Price for Last 12 Months
$1,352,417
$1,424,583
$1,290,833
$1,410,673
4.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Agoura Hills Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
62
Micro Market Report : December 2023
Burbank Single Family Residences, December 2023
Current Market Snapshot
$1,098,500 Median Sales Price
$784 Average $/SF
$1.060
Dec Jan Feb
3.6% ∆ YOY
Mar Apr May Jun Jul
4.5% ∆ YOY
Aug
100
Sep Oct Nov
Properties For Sale
-21.9% ∆ YOY
Dec
$1.098 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$1,060,500
$1,291,000
$1,300,000
$1,098,500
3.6%
Average Price per Square Foot
$750
$761
$761
$784
4.5%
Properties Sold
40
50
31
32
-20.0%
Properties Pending Sale
37
38
33
21
-43.2%
Properties For Sale
128
113
126
100
-21.9%
Days on Market (Pending Sale)
43
20
29
31
-27.3%
Percent Under Contract
28.9%
33.6%
26.2%
21.0%
-27.4%
Average Median Price for Last 12 Months
$1,211,229
$1,222,542
$1,116,083
$1,220,381
0.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Burbank Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
63
Calabasas Single Family Residences, December 2023
Current Market Snapshot
$1,475,000 Median Sales Price
$634 Average $/SF
$2.353
Dec Jan
-37.3% ∆ YOY
Feb Mar Apr May Jun Jul
4.4% ∆ YOY
Aug
86
Sep Oct Nov
Properties For Sale
2.4% ∆ YOY
Dec
$1.475 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$2,353,000
$2,065,000
$1,545,000
$1,475,000
-37.3%
Average Price per Square Foot
$607
$735
$668
$634
4.4%
Properties Sold
10
24
8
10
0.0%
Properties Pending Sale
17
21
13
12
-29.4%
Properties For Sale
84
94
86
86
2.4%
Days on Market (Pending Sale)
71
26
48
30
-57.7%
Percent Under Contract
20.2%
22.3%
15.1%
14.0%
-31.1%
Average Median Price for Last 12 Months
$1,976,521
$1,870,417
$1,718,333
$1,858,885
-6.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Calabasas Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
64
Micro Market Report : December 2023
Encino Single Family Residences, December 2023
Current Market Snapshot
$2,100,000 Median Sales Price
$826 Average $/SF
$1.837
Dec Jan
14.3% ∆ YOY
Feb Mar Apr May Jun Jul
20.4% ∆ YOY
Aug
151
Sep Oct Nov
Properties For Sale
-20.5% ∆ YOY
Dec
$2.100 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$1,837,500
$2,750,000
$1,582,500
$2,100,000
14.3%
Average Price per Square Foot
$686
$751
$823
$826
20.4%
Properties Sold
25
33
22
19
-24.0%
Properties Pending Sale
22
28
19
16
-27.3%
Properties For Sale
190
190
193
151
-20.5%
Days on Market (Pending Sale)
52
37
23
30
-42.5%
Percent Under Contract
11.6%
14.7%
9.8%
10.6%
-8.5%
Average Median Price for Last 12 Months
$2,182,654
$2,068,750
$2,170,000
$2,219,904
1.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Encino Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
65
Glendale Single Family Residences, December 2023
Current Market Snapshot
$1,301,000 Median Sales Price
$786 Average $/SF
$1.210
Dec Jan Feb
7.5% ∆ YOY
Mar Apr May Jun Jul
13.7% ∆ YOY
Aug
108
Sep Oct Nov
Properties For Sale
-24.5% ∆ YOY
Dec
$1.301 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$1,210,000
$1,441,250
$1,437,500
$1,301,000
7.5%
Average Price per Square Foot
$691
$792
$799
$786
13.7%
Properties Sold
17
40
32
27
58.8%
Properties Pending Sale
19
37
24
29
52.6%
Properties For Sale
143
155
140
108
-24.5%
Days on Market (Pending Sale)
34
19
28
32
-5.1%
Percent Under Contract
13.3%
23.9%
17.1%
26.9%
102.1%
Average Median Price for Last 12 Months
$1,387,925
$1,438,500
$1,397,000
$1,422,750
2.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Glendale Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
66
Micro Market Report : December 2023
Hidden Hills Single Family Residences, December 2023
Current Market Snapshot
$3,352,000 Median Sales Price
$848 Average $/SF
$13.375
Dec Jan
-74.9% ∆ YOY
Feb Mar Apr May Jun Jul
-35.5% ∆ YOY
Aug
38
Sep Oct Nov
Properties For Sale
46.2% ∆ YOY
Dec
$3.352 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$13,375,000
$0
$0
$3,352,000
-74.9%
Average Price per Square Foot
$1,314
$0
$0
$848
-35.5%
Properties Sold
4
0
0
1
-75.0%
Properties Pending Sale
2
1
0
4
100.0%
Properties For Sale
26
38
39
38
46.2%
Days on Market (Pending Sale)
11
87
0
140
1172.7%
Percent Under Contract
7.7%
2.6%
0.0%
10.5%
36.8%
Average Median Price for Last 12 Months
$1,382,250
$6,458,667
$7,917,333
$6,470,798
368.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Hidden Hills Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
67
La Crescenta Single Family Residences, December 2023
Current Market Snapshot
$1,068,000 Median Sales Price
$761
Average $/SF
$1.125
Dec Jan Feb
-5.1% ∆ YOY
Mar Apr May Jun Jul
10.4% ∆ YOY
Aug
28
Sep Oct Nov
Properties For Sale
-46.2% ∆ YOY
Dec
$1.068 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$1,125,000
$1,245,000
$1,320,000
$1,068,000
-5.1%
Average Price per Square Foot
$689
$748
$778
$761
10.4%
Properties Sold
13
23
15
13
0.0%
Properties Pending Sale
7
12
8
7
0.0%
Properties For Sale
52
48
38
28
-46.2%
Days on Market (Pending Sale)
44
20
36
37
-16.5%
Percent Under Contract
13.5%
25.0%
21.1%
25.0%
85.7%
Average Median Price for Last 12 Months
$1,293,583
$1,325,083
$1,254,333
$1,274,846
-1.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in La Crescenta Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
68
Micro Market Report : December 2023
North Hollywood Single Family Residences, December 2023
Current Market Snapshot
$875,000 Median Sales Price
$623 Average $/SF
$835
Dec Jan Feb
4.8% ∆ YOY
Mar Apr May Jun Jul
6.5% ∆ YOY
Aug
87
Sep Oct Nov
Properties For Sale
-25.6% ∆ YOY
Dec
$875 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$835,000
$900,000
$931,000
$875,000
4.8%
Average Price per Square Foot
$585
$686
$672
$623
6.5%
Properties Sold
17
25
22
21
23.5%
Properties Pending Sale
20
20
22
14
-30.0%
Properties For Sale
117
112
113
87
-25.6%
Days on Market (Pending Sale)
41
19
28
30
-27.3%
Percent Under Contract
17.1%
17.9%
19.5%
16.1%
-5.9%
Average Median Price for Last 12 Months
$905,825
$892,083
$884,000
$889,381
-1.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in North Hollywood Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
69
Shadow Hills Single Family Residences, December 2023
Current Market Snapshot
$1,140,000 Median Sales Price
$649 Average $/SF
$1.125
Dec Jan Feb
1.3% ∆ YOY
Mar Apr May Jun Jul
30.6% ∆ YOY
Aug
12
Sep Oct Nov
Properties For Sale
-14.3% ∆ YOY
Dec
$1.140 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$1,125,000
$1,300,000
$950,000
$1,140,000
1.3%
Average Price per Square Foot
$497
$574
$720
$649
30.6%
Properties Sold
4
2
2
2
-50.0%
Properties Pending Sale
1
3
5
1
0.0%
Properties For Sale
14
13
17
12
-14.3%
Days on Market (Pending Sale)
2
11
53
9
350.0%
Percent Under Contract
7.1%
23.1%
29.4%
8.3%
16.7%
Average Median Price for Last 12 Months
$1,321,083
$1,212,000
$1,308,333
$1,299,516
-1.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Shadow Hills Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
70
Micro Market Report : December 2023
Sherman Oaks Single Family Residences, December 2023
Current Market Snapshot
$1,725,000 Median Sales Price
$770 Average $/SF
$1.989
Dec Jan
-13.3% ∆ YOY
Feb Mar Apr May Jun Jul
-6.7% ∆ YOY
Aug
153
Sep Oct Nov
Properties For Sale
-1.3% ∆ YOY
Dec
$1.725 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$1,989,000
$1,850,000
$1,832,500
$1,725,000
-13.3%
Average Price per Square Foot
$825
$843
$741
$770
-6.7%
Properties Sold
31
42
36
21
-32.3%
Properties Pending Sale
21
31
31
22
4.8%
Properties For Sale
155
155
182
153
-1.3%
Days on Market (Pending Sale)
45
33
16
57
26.2%
Percent Under Contract
13.5%
20.0%
17.0%
14.4%
6.1%
Average Median Price for Last 12 Months
$1,794,839
$1,778,750
$1,860,000
$1,747,269
-2.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Sherman Oaks Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
71
Studio City Single Family Residences, December 2023
Current Market Snapshot
$2,050,000 Median Sales Price
$902 Average $/SF
$1.681
Dec Jan
22.0% ∆ YOY
Feb Mar Apr May Jun Jul
2.6% ∆ YOY
Aug
114
Sep Oct Nov
Properties For Sale
6.5% ∆ YOY
Dec
$2.050 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$1,681,000
$2,100,000
$2,225,000
$2,050,000
22.0%
Average Price per Square Foot
$879
$816
$909
$902
2.6%
Properties Sold
10
30
19
20
100.0%
Properties Pending Sale
10
24
14
10
0.0%
Properties For Sale
107
126
135
114
6.5%
Days on Market (Pending Sale)
22
25
20
60
178.7%
Percent Under Contract
9.3%
19.0%
10.4%
8.8%
-6.1%
Average Median Price for Last 12 Months
$2,170,462
$2,207,958
$2,293,417
$2,194,904
1.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Studio City Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
72
Micro Market Report : December 2023
Sun Valley Single Family Residences, December 2023
Current Market Snapshot
$742,000 Median Sales Price
$562 Average $/SF
$613
Dec Jan
21.0% ∆ YOY
Feb Mar Apr May Jun Jul
10.0% ∆ YOY
Aug
30
Sep Oct Nov
Properties For Sale
-41.2% ∆ YOY
Dec
$742 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$613,059
$1,012,500
$790,000
$742,000
21.0%
Average Price per Square Foot
$511
$600
$560
$562
10.0%
Properties Sold
11
8
14
10
-9.1%
Properties Pending Sale
4
9
4
10
150.0%
Properties For Sale
51
43
40
30
-41.2%
Days on Market (Pending Sale)
57
12
25
41
-27.8%
Percent Under Contract
7.8%
20.9%
10.0%
33.3%
325.0%
Average Median Price for Last 12 Months
$796,787
$802,329
$811,500
$785,118
-1.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Sun Valley Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
73
Sunland/Tujunga Single Family Residences, December 2023
Current Market Snapshot
$851,250 Median Sales Price
$559
Average $/SF
$705
Dec Jan
20.7% ∆ YOY
Feb Mar Apr May Jun Jul
0.2% ∆ YOY
Aug
70
Sep Oct Nov
Properties For Sale
-33.3% ∆ YOY
Dec
$851 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$705,000
$893,000
$840,000
$851,250
20.7%
Average Price per Square Foot
$558
$601
$542
$559
0.2%
Properties Sold
19
26
20
22
15.8%
Properties Pending Sale
17
21
20
24
41.2%
Properties For Sale
105
80
94
70
-33.3%
Days on Market (Pending Sale)
39
47
31
41
3.6%
Percent Under Contract
16.2%
26.2%
21.3%
34.3%
111.8%
Average Median Price for Last 12 Months
$851,917
$883,542
$902,083
$842,827
-1.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Sunland/Tujunga Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
74
Micro Market Report : December 2023
Tarzana Single Family Residences, December 2023
Current Market Snapshot
$1,890,000 Median Sales Price
$656 Average $/SF
$1.275
Dec Jan
48.2% ∆ YOY
Feb Mar Apr May Jun Jul
11.8% ∆ YOY
Aug
78
Sep Oct Nov
Properties For Sale
-16.1% ∆ YOY
Dec
$1.890 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$1,275,000
$1,717,500
$1,725,000
$1,890,000
48.2%
Average Price per Square Foot
$587
$663
$691
$656
11.8%
Properties Sold
19
17
13
12
-36.8%
Properties Pending Sale
7
18
14
10
42.9%
Properties For Sale
93
109
87
78
-16.1%
Days on Market (Pending Sale)
25
32
40
25
2.6%
Percent Under Contract
7.5%
16.5%
16.1%
12.8%
70.3%
Average Median Price for Last 12 Months
$1,702,175
$1,759,000
$1,815,000
$1,656,846
-2.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Tarzana Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
75
Toluca Lake Single Family Residences, December 2023
Current Market Snapshot
$1,300,000 Median Sales Price
$898 Average $/SF
$2.850
Dec Jan
-54.4% ∆ YOY
Feb Mar Apr May Jun Jul
22.8% ∆ YOY
Aug
10
Sep Oct Nov
Properties For Sale
-33.3% ∆ YOY
Dec
$1.300 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$2,850,000
$1,832,500
$2,500,000
$1,300,000
-54.4%
Average Price per Square Foot
$731
$804
$874
$898
22.8%
Properties Sold
8
4
3
1
-87.5%
Properties Pending Sale
4
3
1
0
-100.0%
Properties For Sale
15
18
16
10
-33.3%
Days on Market (Pending Sale)
10
27
51
0
-100.0%
Percent Under Contract
26.7%
16.7%
6.2%
0.0%
-100.0%
Average Median Price for Last 12 Months
$2,259,708
$1,181,417
$1,195,333
$1,602,000
-29.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Toluca Lake Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
76
Micro Market Report : December 2023
Valley Village Single Family Residences, December 2023
Current Market Snapshot
$1,372,500 Median Sales Price
$704 Average $/SF
$2.064
Dec Jan
-33.5% ∆ YOY
Feb Mar Apr May Jun Jul
-8.5% ∆ YOY
Aug
44
Sep Oct Nov
Properties For Sale
29.4% ∆ YOY
Dec
$1.372 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$2,064,000
$1,750,000
$1,699,000
$1,372,500
-33.5%
Average Price per Square Foot
$769
$870
$973
$704
-8.5%
Properties Sold
5
7
6
14
180.0%
Properties Pending Sale
7
11
11
9
28.6%
Properties For Sale
34
40
50
44
29.4%
Days on Market (Pending Sale)
17
16
22
67
292.1%
Percent Under Contract
20.6%
27.5%
22.0%
20.5%
-0.6%
Average Median Price for Last 12 Months
$1,537,292
$1,442,917
$1,340,333
$1,509,615
-1.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Valley Village Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
77
Westlake Village Single Family Residences, December 2023
Current Market Snapshot
$1,635,000 Median Sales Price
$659 Average $/SF
$1.660
Dec Jan Feb
-1.5% ∆ YOY
Mar Apr May Jun Jul
-12.0% ∆ YOY
Aug
92
Sep Oct Nov
Properties For Sale
-4.2% ∆ YOY
Dec
$1.635 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$1,660,000
$1,655,000
$2,200,000
$1,635,000
-1.5%
Average Price per Square Foot
$749
$705
$698
$659
-12.0%
Properties Sold
15
37
17
19
26.7%
Properties Pending Sale
16
31
19
22
37.5%
Properties For Sale
96
121
120
92
-4.2%
Days on Market (Pending Sale)
64
44
37
50
-21.9%
Percent Under Contract
16.7%
25.6%
15.8%
23.9%
43.5%
Average Median Price for Last 12 Months
$1,775,310
$1,826,667
$1,527,500
$1,725,519
-2.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Westlake Village Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
78
Micro Market Report : December 2023
Woodland Hills Single Family Residences, December 2023
Current Market Snapshot
$1,365,000 Median Sales Price
$585
Average $/SF
$1.118
Dec Jan
22.1% ∆ YOY
Feb Mar Apr May Jun Jul
-1.2% ∆ YOY
Aug
176
Sep Oct Nov
Properties For Sale
-10.2% ∆ YOY
Dec
$1.365 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$1,118,000
$1,300,000
$1,350,000
$1,365,000
22.1%
Average Price per Square Foot
$592
$610
$597
$585
-1.2%
Properties Sold
36
56
39
37
2.8%
Properties Pending Sale
35
43
39
34
-2.9%
Properties For Sale
196
203
210
176
-10.2%
Days on Market (Pending Sale)
41
18
38
36
-12.9%
Percent Under Contract
17.9%
21.2%
18.6%
19.3%
8.2%
Average Median Price for Last 12 Months
$1,295,167
$1,376,083
$1,405,500
$1,301,500
0.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Woodland Hills Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
79
San Gabriel Valley Macro Market Single Family Residences, December 2023
Current Market Snapshot
$1,300,000 Median Sales Price
$755
Average $/SF
$1.306
Dec Jan
-0.5% ∆ YOY
Feb Mar Apr May Jun Jul
6.9% ∆ YOY
Aug
612
Sep Oct Nov
Properties For Sale
-26.9% ∆ YOY
Dec
$1.300 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$1,306,950
$1,364,000
$1,308,000
$1,300,000
-0.5%
Average Price per Square Foot
$706
$776
$776
$755
6.9%
Properties Sold
148
195
185
159
7.4%
Properties Pending Sale
129
197
182
127
-1.6%
Properties For Sale
837
883
840
612
-26.9%
Days on Market (Pending Sale)
41
27
32
43
5.8%
Percent Under Contract
15.4%
22.3%
21.7%
20.8%
34.6%
Average Median Price for Last 12 Months
$1,314,583
$1,337,250
$1,339,333
$1,305,073
-0.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in San Gabriel Valley Macro Market Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
80
Micro Market Report : December 2023
Alhambra Single Family Residences, December 2023
Current Market Snapshot
$965,000 Median Sales Price
$651
Average $/SF
$995
Dec Jan
-3.0% ∆ YOY
Feb Mar Apr May Jun Jul
9.0% ∆ YOY
Aug
34
Sep Oct Nov
Properties For Sale
-30.6% ∆ YOY
Dec
$965 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$995,000
$1,007,000
$1,009,000
$965,000
-3.0%
Average Price per Square Foot
$597
$640
$677
$651
9.0%
Properties Sold
10
13
14
14
40.0%
Properties Pending Sale
5
13
7
11
120.0%
Properties For Sale
49
57
44
34
-30.6%
Days on Market (Pending Sale)
55
23
8
29
-46.8%
Percent Under Contract
10.2%
22.8%
15.9%
32.4%
217.1%
Average Median Price for Last 12 Months
$989,976
$967,333
$936,667
$970,769
-1.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Alhambra Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
81
Altadena Single Family Residences, December 2023
Current Market Snapshot
$2,450,000 Median Sales Price
$911
Average $/SF
$1.957
Dec Jan
25.2% ∆ YOY
Feb Mar Apr May Jun Jul
7.4% ∆ YOY
Aug
76
Sep Oct Nov
Properties For Sale
-21.6% ∆ YOY
Dec
$2.450 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$1,957,500
$2,455,000
$2,150,000
$2,450,000
25.2%
Average Price per Square Foot
$848
$947
$868
$911
7.4%
Properties Sold
12
13
12
15
25.0%
Properties Pending Sale
13
18
16
7
-46.2%
Properties For Sale
97
101
101
76
-21.6%
Days on Market (Pending Sale)
37
24
15
29
-22.6%
Percent Under Contract
13.4%
17.8%
15.8%
9.2%
-31.3%
Average Median Price for Last 12 Months
$2,366,583
$2,339,500
$2,516,667
$2,362,692
-0.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Altadena Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
82
Micro Market Report : December 2023
Arcadia Single Family Residences, December 2023
Current Market Snapshot
$1,457,000 Median Sales Price
$716
Average $/SF
$1.890
Dec Jan
-22.9% ∆ YOY
Feb Mar Apr May Jun Jul
11.9% ∆ YOY
Aug
112
Sep Oct Nov
Properties For Sale
-34.5% ∆ YOY
Dec
$1.457 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$1,890,000
$1,619,000
$1,755,000
$1,457,000
-22.9%
Average Price per Square Foot
$640
$643
$684
$716
11.9%
Properties Sold
26
30
29
29
11.5%
Properties Pending Sale
20
31
25
16
-20.0%
Properties For Sale
171
146
145
112
-34.5%
Days on Market (Pending Sale)
38
25
51
51
35.0%
Percent Under Contract
11.7%
21.2%
17.2%
14.3%
22.1%
Average Median Price for Last 12 Months
$1,714,263
$1,664,640
$1,610,667
$1,620,134
-5.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Arcadia Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
83
Duarte Single Family Residences, December 2023
Current Market Snapshot
$805,000 Median Sales Price
$599 Average $/SF
Dec Jan Feb
n/a ∆ YOY
Mar Apr May Jun Jul
n/a ∆ YOY
Aug
22
Sep Oct Nov
Properties For Sale
-21.4% ∆ YOY
Dec
$805 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$0
$865,000
$730,000
$805,000
n/a
Average Price per Square Foot
$0
$548
$665
$599
n/a
Properties Sold
0
2
8
9
n/a
Properties Pending Sale
2
4
9
9
350.0%
Properties For Sale
28
25
29
22
-21.4%
Days on Market (Pending Sale)
14
34
20
41
196.0%
Percent Under Contract
7.1%
16.0%
31.0%
40.9%
472.7%
Average Median Price for Last 12 Months
$693,250
$770,708
$793,750
$698,250
0.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Duarte Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
84
Micro Market Report : December 2023
Eagle Rock Single Family Residences, December 2023
Current Market Snapshot
$1,215,000 Median Sales Price
$809 Average $/SF
$1.240
Dec Jan
-2.0% ∆ YOY
Feb Mar Apr May Jun Jul
-12.6% ∆ YOY
Aug
32
Sep Oct Nov
Properties For Sale
-5.9% ∆ YOY
Dec
$1.215 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$1,240,000
$1,207,535
$1,250,000
$1,215,000
-2.0%
Average Price per Square Foot
$926
$878
$925
$809
-12.6%
Properties Sold
11
8
13
5
-54.5%
Properties Pending Sale
8
11
10
6
-25.0%
Properties For Sale
34
46
43
32
-5.9%
Days on Market (Pending Sale)
17
34
17
39
132.8%
Percent Under Contract
23.5%
23.9%
23.3%
18.8%
-20.3%
Average Median Price for Last 12 Months
$1,386,249
$1,310,610
$1,291,537
$1,347,323
-2.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Eagle Rock Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
85
La Canada Flintridge Single Family Residences, December 2023
Current Market Snapshot
$2,450,000 Median Sales Price
$911
Average $/SF
$1.957
Dec Jan
25.2% ∆ YOY
Feb Mar Apr May Jun Jul
7.4% ∆ YOY
Aug
76
Sep Oct Nov
Properties For Sale
-21.6% ∆ YOY
Dec
$2.450 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$1,957,500
$2,455,000
$2,150,000
$2,450,000
25.2%
Average Price per Square Foot
$848
$947
$868
$911
7.4%
Properties Sold
12
13
12
15
25.0%
Properties Pending Sale
13
18
16
7
-46.2%
Properties For Sale
97
101
101
76
-21.6%
Days on Market (Pending Sale)
37
24
15
29
-22.6%
Percent Under Contract
13.4%
17.8%
15.8%
9.2%
-31.3%
Average Median Price for Last 12 Months
$2,366,583
$2,339,500
$2,516,667
$2,362,692
-0.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in La Canada Flintridge Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
86
Micro Market Report : December 2023
Monrovia Single Family Residences, December 2023
Current Market Snapshot
$1,002,500 Median Sales Price
$639 Average $/SF
$1.040
Dec Jan
-3.6% ∆ YOY
Feb Mar Apr May Jun Jul
6.0% ∆ YOY
Aug
41
Sep Oct Nov
Properties For Sale
-26.8% ∆ YOY
Dec
$1.002 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$1,040,000
$1,080,100
$938,000
$1,002,500
-3.6%
Average Price per Square Foot
$603
$668
$652
$639
6.0%
Properties Sold
16
18
11
12
-25.0%
Properties Pending Sale
12
14
16
10
-16.7%
Properties For Sale
56
52
62
41
-26.8%
Days on Market (Pending Sale)
29
19
25
37
29.1%
Percent Under Contract
21.4%
26.9%
25.8%
24.4%
13.8%
Average Median Price for Last 12 Months
$1,052,981
$1,012,417
$1,045,500
$1,000,808
-5.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Monrovia Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
87
Pasadena Single Family Residences, December 2023
Current Market Snapshot
$1,455,000 Median Sales Price
$798 Average $/SF
$1.180
Dec Jan
23.3% ∆ YOY
Feb Mar Apr May Jun Jul
5.4% ∆ YOY
Aug
195
Sep Oct Nov
Properties For Sale
-24.7% ∆ YOY
Dec
$1.455 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$1,180,000
$1,558,800
$1,350,000
$1,455,000
23.3%
Average Price per Square Foot
$757
$890
$802
$798
5.4%
Properties Sold
42
54
64
52
23.8%
Properties Pending Sale
52
63
57
41
-21.2%
Properties For Sale
259
277
264
195
-24.7%
Days on Market (Pending Sale)
39
34
25
43
11.0%
Percent Under Contract
20.1%
22.7%
21.6%
21.0%
4.7%
Average Median Price for Last 12 Months
$1,351,462
$1,370,753
$1,368,505
$1,356,870
0.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Pasadena Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
88
Micro Market Report : December 2023
San Gabriel Single Family Residences, December 2023
Current Market Snapshot
$1,230,400 Median Sales Price
$714
Average $/SF
$960
Dec Jan
28.2% ∆ YOY
Feb Mar Apr May Jun Jul
16.7% ∆ YOY
Aug
36
Sep Oct Nov
Properties For Sale
-34.5% ∆ YOY
Dec
$1.230 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$960,000
$1,160,054
$1,190,000
$1,230,400
28.2%
Average Price per Square Foot
$612
$662
$652
$714
16.7%
Properties Sold
13
22
15
6
-53.8%
Properties Pending Sale
12
19
14
14
16.7%
Properties For Sale
55
49
44
36
-34.5%
Days on Market (Pending Sale)
44
20
20
36
-19.5%
Percent Under Contract
21.8%
38.8%
31.8%
38.9%
78.2%
Average Median Price for Last 12 Months
$1,109,000
$1,181,733
$1,180,133
$1,116,920
0.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in San Gabriel Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
89
San Marino Single Family Residences, December 2023
Current Market Snapshot
$2,056,000 Median Sales Price
$950 Average $/SF
$2.988
Dec Jan
-31.2% ∆ YOY
Feb Mar Apr May Jun Jul
-2.1% ∆ YOY
Aug
49
Sep Oct Nov
Properties For Sale
-7.5% ∆ YOY
Dec
$2.056 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$2,988,500
$2,830,000
$3,150,000
$2,056,000
-31.2%
Average Price per Square Foot
$970
$962
$1,165
$950
-2.1%
Properties Sold
4
12
11
3
-25.0%
Properties Pending Sale
0
10
10
3
n/a
Properties For Sale
53
69
64
49
-7.5%
Days on Market (Pending Sale)
0
33
63
41
n/a
Percent Under Contract
0.0%
14.5%
15.6%
6.1%
n/a
Average Median Price for Last 12 Months
$2,638,286
$2,916,667
$2,711,667
$2,978,923
12.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in San Marino Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
90
Micro Market Report : December 2023
Sierra Madre Single Family Residences, December 2023
Current Market Snapshot
$1,376,000 Median Sales Price
$788 Average $/SF
$1.950
Dec Jan
-29.4% ∆ YOY
Feb Mar Apr May Jun Jul
5.2% ∆ YOY
Aug
23
Sep Oct Nov
Properties For Sale
-34.3% ∆ YOY
Dec
$1.376 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$1,950,000
$1,260,000
$1,545,000
$1,376,000
-29.4%
Average Price per Square Foot
$749
$766
$710
$788
5.2%
Properties Sold
5
11
7
5
0.0%
Properties Pending Sale
3
9
6
2
-33.3%
Properties For Sale
35
45
39
23
-34.3%
Days on Market (Pending Sale)
34
25
40
42
24.8%
Percent Under Contract
8.6%
20.0%
15.4%
8.7%
1.4%
Average Median Price for Last 12 Months
$1,563,438
$1,660,958
$1,511,750
$1,619,231
3.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Sierra Madre Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
91
South Pasadena Single Family Residences, December 2023
Current Market Snapshot
$1,525,000 Median Sales Price
$873 Average $/SF
$1.750
Dec Jan
-12.9% ∆ YOY
Feb Mar Apr May Jun Jul
10.2% ∆ YOY
Aug
32
Sep Oct Nov
Properties For Sale
-17.9% ∆ YOY
Dec
$1.525 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$1,750,000
$2,500,000
$1,499,500
$1,525,000
-12.9%
Average Price per Square Foot
$792
$849
$716
$873
10.2%
Properties Sold
8
9
6
9
12.5%
Properties Pending Sale
7
8
4
4
-42.9%
Properties For Sale
39
49
35
32
-17.9%
Days on Market (Pending Sale)
87
26
39
122
39.7%
Percent Under Contract
17.9%
16.3%
11.4%
12.5%
-30.4%
Average Median Price for Last 12 Months
$2,044,746
$1,805,917
$1,718,667
$1,912,350
-6.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in South Pasadena Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
92
Micro Market Report : December 2023
Orange County Single Family Residences
94
Orange County Macro
Mission Viejo
Aliso Viejo
Monarch Beach
Balboa Peninsula
Nelle Gail
Capistrano Beach
Newport Beach
Corona Del Mar
Newport Coast
Corona Del Mar - Spyglass
Newport Heights
Costa Mesa
Norco
Coto De Caza
North Tustin
Crystal Cove
Orange
Dana Point
Rancho Missionn Viejo
East Bluff - Harbor View
Rancho Santa Margarita
East Costa Mesa
San Clemente
Costa Mesa
San Juan Capistrano
Fountain Valley
Santa Ana
Huntington Beach
Seal Beach
Irvine
Shady Canyon
Ladera Ranch
Turtle Ridge
Laguna Beach
Turtle Rock
Laguna Hills
Tustin
Laguna Niguel
Westminster
Laguna Woods
West Bay - Santa Ana
Lake Forest
Heights
Lantern Village In Dana Point
West Newport - Lido
Lower Newport Bay - Balboa Island
Yorba Linda
Micro Market Report : December 2023
Orange County
Country
United States
At a Glance
State
California
Region
Greater Los Angeles
Formed
1889
County seat
Santa Ana
Largest City (Area)
Irvine
Largest City (Population)
Anaheim
Incorporated Cities
34
Area Total
948 mi2 (2,460km2)
Land
799 mi2 (2,070km2)
Water
157 mi2 (410km2)
Highest Elevation
5,690 ft (1,730 m)
Population Total
3,186,989
Density
3,989/mi2 (1,540/km2)
GDP
$233 Billion
Micro Market Report : December 2023
95
Orange County Single Family Residences, December 2023
Current Market Snapshot
$1,278,400 Median Sales Price
$768
Average $/SF
$1.100
Dec Jan
16.2% ∆ YOY
Feb Mar Apr May Jun Jul
18.2% ∆ YOY
Aug
2,276
Sep Oct Nov
Properties For Sale
-33.8% ∆ YOY
Dec
$1.278 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$1,100,000
$1,250,000
$1,300,000
$1,278,400
16.2%
Average Price per Square Foot
$650
$731
$764
$768
18.2%
Properties Sold
885
1261
1010
812
-8.2%
Properties Pending Sale
708
1149
987
679
-4.1%
Properties For Sale
3,440
3,575
3,367
2,276
-33.8%
Days on Market (Pending Sale)
46
21
27
37
-19.8%
Percent Under Contract
20.6%
32.1%
29.3%
29.8%
45.0%
Average Median Price for Last 12 Months
$1,204,917
$1,278,900
$1,271,133
$1,231,415
2.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Orange County Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
96
Micro Market Report : December 2023
Aliso Viejo Single Family Residences, December 2023
Current Market Snapshot
$1,465,000 Median Sales Price
$660 Average $/SF
$1.042
Dec Jan
40.5% ∆ YOY
Feb Mar Apr May Jun Jul
12.8% ∆ YOY
Aug
16
Sep Oct Nov
Properties For Sale
-11.1% ∆ YOY
Dec
$1.465 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$1,042,500
$1,240,000
$1,357,500
$1,465,000
40.5%
Average Price per Square Foot
$585
$645
$621
$660
12.8%
Properties Sold
10
15
12
6
-40.0%
Properties Pending Sale
3
12
5
7
133.3%
Properties For Sale
18
26
24
16
-11.1%
Days on Market (Pending Sale)
8
27
9
41
386.9%
Percent Under Contract
16.7%
46.2%
20.8%
43.8%
162.5%
Average Median Price for Last 12 Months
$1,270,104
$1,386,333
$1,451,000
$1,313,115
3.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Aliso Viejo Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
97
Balboa Peninsula Single Family Residences, December 2023
Current Market Snapshot
$15,431,467 Median Sales Price
Jan
368.3% ∆ YOY
Feb Mar Apr
$4,103 Average $/SF
$3.295
Dec
May Jun Jul
89.9% ∆ YOY
Aug
27
Sep Oct Nov
Properties For Sale
8.0% ∆ YOY
Dec
$15.431 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$3,295,000
$7,337,500
$9,625,000
$15,431,467
368.3%
Average Price per Square Foot
$2,161
$2,803
$3,476
$4,103
89.9%
Properties Sold
3
4
4
1
-66.7%
Properties Pending Sale
6
6
4
5
-16.7%
Properties For Sale
25
41
38
27
8.0%
Days on Market (Pending Sale)
49
48
33
139
186.0%
Percent Under Contract
24.0%
14.6%
10.5%
18.5%
-22.8%
Average Median Price for Last 12 Months
$5,229,478
$7,174,411
$7,125,489
$5,786,305
10.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Balboa Peninsula Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
98
Micro Market Report : December 2023
Capistrano Beach Single Family Residences, December 2023
Current Market Snapshot
$1,370,000 Median Sales Price
$828 Average $/SF
$1.200
Dec Jan
14.2% ∆ YOY
Feb Mar Apr May Jun Jul
15.0% ∆ YOY
Aug
25
Sep Oct Nov
Properties For Sale
8.7% ∆ YOY
Dec
$1.370 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$1,200,000
$1,862,500
$1,842,500
$1,370,000
14.2%
Average Price per Square Foot
$720
$1,396
$849
$828
15.0%
Properties Sold
5
4
6
3
-40.0%
Properties Pending Sale
6
7
3
4
-33.3%
Properties For Sale
23
29
28
25
8.7%
Days on Market (Pending Sale)
45
34
57
75
65.6%
Percent Under Contract
26.1%
24.1%
10.7%
16.0%
-38.7%
Average Median Price for Last 12 Months
$2,619,375
$1,539,900
$1,525,633
$1,739,877
-33.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Capistrano Beach Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
99
Corona del Mar Single Family Residences, December 2023
Current Market Snapshot
$5,800,000 Median Sales Price
Jan
31.8% ∆ YOY
Feb Mar Apr
$2,226 Average $/SF
$4.400
Dec
May Jun Jul
25.4% ∆ YOY
Aug
48
Sep Oct Nov
Properties For Sale
-9.4% ∆ YOY
Dec
$5.800 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$4,400,000
$4,216,000
$5,800,500
$5,800,000
31.8%
Average Price per Square Foot
$1,775
$1,648
$1,694
$2,226
25.4%
Properties Sold
9
11
8
8
-11.1%
Properties Pending Sale
8
8
13
10
25.0%
Properties For Sale
53
66
68
48
-9.4%
Days on Market (Pending Sale)
109
8
66
46
-58.2%
Percent Under Contract
15.1%
12.1%
19.1%
20.8%
38.0%
Average Median Price for Last 12 Months
$4,617,042
$5,834,250
$6,633,333
$4,903,769
6.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Corona del Mar Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
100
Micro Market Report : December 2023
Corona del Mar - Spyglass Single Family Residences, December 2023
Current Market Snapshot
$5,800,000 Median Sales Price
Jan
31.8% ∆ YOY
Feb Mar Apr
$2,226 Average $/SF
$4.400
Dec
May Jun Jul
25.4% ∆ YOY
Aug
47
Sep Oct Nov
Properties For Sale
-13.0% ∆ YOY
Dec
$5.800 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$4,400,000
$4,216,000
$5,800,500
$5,800,000
31.8%
Average Price per Square Foot
$1,775
$1,648
$1,694
$2,226
25.4%
Properties Sold
9
11
8
8
-11.1%
Properties Pending Sale
8
8
13
10
25.0%
Properties For Sale
54
67
67
47
-13.0%
Days on Market (Pending Sale)
109
8
66
46
-58.2%
Percent Under Contract
14.8%
11.9%
19.4%
21.3%
43.6%
Average Median Price for Last 12 Months
$4,765,042
$5,834,250
$6,633,333
$4,911,462
3.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Corona del Mar - Spyglass Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
101
Costa Mesa Single Family Residences, December 2023
Current Market Snapshot
$1,356,500 Median Sales Price
$762
Average $/SF
$1.275
Dec Jan Feb
6.4% ∆ YOY
Mar Apr May Jun Jul
-0.8% ∆ YOY
Aug
71
Sep Oct Nov
Properties For Sale
-25.3% ∆ YOY
Dec
$1.356 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$1,275,000
$1,299,500
$1,367,500
$1,356,500
6.4%
Average Price per Square Foot
$768
$839
$729
$762
-0.8%
Properties Sold
27
47
36
26
-3.7%
Properties Pending Sale
28
35
34
22
-21.4%
Properties For Sale
95
105
93
71
-25.3%
Days on Market (Pending Sale)
52
22
23
24
-54.5%
Percent Under Contract
29.5%
33.3%
36.6%
31.0%
5.1%
Average Median Price for Last 12 Months
$1,311,750
$1,366,083
$1,349,667
$1,324,596
1.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Costa Mesa Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
102
Micro Market Report : December 2023
Coto de Caza Single Family Residences, December 2023
Current Market Snapshot
$1,798,150 Median Sales Price
$590 Average $/SF
$1.457
Dec Jan
23.4% ∆ YOY
Feb Mar Apr May Jun Jul
4.2% ∆ YOY
Aug
19
Sep Oct Nov
Properties For Sale
-45.7% ∆ YOY
Dec
$1.798 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$1,457,500
$1,842,000
$1,810,000
$1,798,150
23.4%
Average Price per Square Foot
$566
$609
$588
$590
4.2%
Properties Sold
14
13
13
6
-57.1%
Properties Pending Sale
5
14
12
5
0.0%
Properties For Sale
35
49
47
19
-45.7%
Days on Market (Pending Sale)
66
54
22
102
55.2%
Percent Under Contract
14.3%
28.6%
25.5%
26.3%
84.2%
Average Median Price for Last 12 Months
$1,970,083
$2,069,067
$1,951,467
$1,955,338
-0.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Coto de Caza Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
103
Crystal Cove Single Family Residences, December 2023
Current Market Snapshot
No Sales Median Sales Price
Jan
-100.0% ∆ YOY
Feb Mar Apr
No Sales Average $/SF
$11.100
Dec
May Jun Jul
-100.0% ∆ YOY
Aug
9
Sep Oct Nov
Properties For Sale
-35.7% ∆ YOY
Dec
Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$11,100,000
$10,800,000
$11,875,000
$0
-100.0%
Average Price per Square Foot
$2,064
$1,878
$2,709
$0
-100.0%
Properties Sold
1
2
4
0
-100.0%
Properties Pending Sale
1
1
1
0
-100.0%
Properties For Sale
14
9
10
9
-35.7%
Days on Market (Pending Sale)
95
2
1
0
-100.0%
Percent Under Contract
7.1%
11.1%
10.0%
0.0%
-100.0%
Average Median Price for Last 12 Months
$11,302,291
$5,178,333
$0
$7,158,846
-36.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Crystal Cove Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
104
Micro Market Report : December 2023
Dana Point Single Family Residences, December 2023
Current Market Snapshot
$2,110,000 Median Sales Price
Jan
29.8% ∆ YOY
Feb Mar Apr
$1,099 Average $/SF
$1.625
Dec
May Jun Jul
32.4% ∆ YOY
Aug
77
Sep Oct Nov
Properties For Sale
-3.8% ∆ YOY
Dec
$2.110 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$1,625,000
$1,985,000
$2,025,000
$2,110,000
29.8%
Average Price per Square Foot
$830
$1,962
$1,286
$1,099
32.4%
Properties Sold
12
27
22
16
33.3%
Properties Pending Sale
14
33
18
11
-21.4%
Properties For Sale
80
122
95
77
-3.8%
Days on Market (Pending Sale)
42
27
70
91
113.8%
Percent Under Contract
17.5%
27.0%
18.9%
14.3%
-18.4%
Average Median Price for Last 12 Months
$2,091,250
$2,055,250
$1,920,000
$1,941,577
-7.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Dana Point Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
105
East Bluff - Harbor View Single Family Residences, December 2023
Current Market Snapshot
$3,607,500 Median Sales Price
Jan
18.8% ∆ YOY
Feb Mar Apr
$1,166 Average $/SF
$3.037
Dec
May Jun Jul
-3.6% ∆ YOY
Aug
34
Sep Oct Nov
Properties For Sale
-8.1% ∆ YOY
Dec
$3.607 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$3,037,500
$2,855,000
$3,535,000
$3,607,500
18.8%
Average Price per Square Foot
$1,210
$1,139
$1,325
$1,166
-3.6%
Properties Sold
4
10
10
16
300.0%
Properties Pending Sale
4
10
10
10
150.0%
Properties For Sale
37
50
49
34
-8.1%
Days on Market (Pending Sale)
76
15
72
49
-35.2%
Percent Under Contract
10.8%
20.0%
20.4%
29.4%
172.1%
Average Median Price for Last 12 Months
$3,318,258
$3,413,167
$3,123,833
$3,078,192
-7.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in East Bluff - Harbor View Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
106
Micro Market Report : December 2023
East Costa Mesa Single Family Residences, December 2023
Current Market Snapshot
$1,890,000 Median Sales Price
$880 Average $/SF
$1.500
Dec Jan
26.0% ∆ YOY
Feb Mar Apr May Jun Jul
-7.5% ∆ YOY
Aug
21
Sep Oct Nov
Properties For Sale
-32.3% ∆ YOY
Dec
$1.890 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$1,500,000
$1,800,000
$1,900,000
$1,890,000
26.0%
Average Price per Square Foot
$951
$1,098
$909
$880
-7.5%
Properties Sold
11
10
7
3
-72.7%
Properties Pending Sale
7
11
6
2
-71.4%
Properties For Sale
31
43
28
21
-32.3%
Days on Market (Pending Sale)
31
15
38
21
-32.3%
Percent Under Contract
22.6%
25.6%
21.4%
9.5%
-57.8%
Average Median Price for Last 12 Months
$1,696,667
$1,822,917
$1,762,500
$1,702,500
0.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in East Costa Mesa Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
107
Fountain Valley Single Family Residences, December 2023
Current Market Snapshot
$1,360,000 Median Sales Price
$650 Average $/SF
$1.081
Dec Jan
25.8% ∆ YOY
Feb Mar Apr May Jun Jul
8.7% ∆ YOY
Aug
41
Sep Oct Nov
Properties For Sale
-41.4% ∆ YOY
Dec
$1.360 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$1,081,500
$1,270,000
$1,365,000
$1,360,000
25.8%
Average Price per Square Foot
$598
$610
$644
$650
8.7%
Properties Sold
18
19
21
15
-16.7%
Properties Pending Sale
9
24
17
11
22.2%
Properties For Sale
70
61
56
41
-41.4%
Days on Market (Pending Sale)
18
29
20
29
63.1%
Percent Under Contract
12.9%
39.3%
30.4%
26.8%
108.7%
Average Median Price for Last 12 Months
$1,204,883
$1,327,708
$1,342,917
$1,263,865
4.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Fountain Valley Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
108
Micro Market Report : December 2023
Huntington Beach Single Family Residences, December 2023
Current Market Snapshot
$1,362,500 Median Sales Price
$758
Average $/SF
$1.291
Dec Jan Feb
5.5% ∆ YOY
Mar Apr May Jun Jul
8.6% ∆ YOY
Aug
163
Sep Oct Nov
Properties For Sale
-31.8% ∆ YOY
Dec
$1.362 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$1,291,500
$1,405,000
$1,411,000
$1,362,500
5.5%
Average Price per Square Foot
$698
$767
$763
$758
8.6%
Properties Sold
60
94
91
53
-11.7%
Properties Pending Sale
46
89
87
40
-13.0%
Properties For Sale
239
289
291
163
-31.8%
Days on Market (Pending Sale)
47
18
23
38
-18.1%
Percent Under Contract
19.2%
30.8%
29.9%
24.5%
27.5%
Average Median Price for Last 12 Months
$1,317,925
$1,378,616
$1,354,500
$1,336,784
1.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Huntington Beach Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
109
Irvine Single Family Residences, December 2023
Current Market Snapshot
$2,245,000 Median Sales Price
$895 Average $/SF
$1.625
Dec Jan
38.2% ∆ YOY
Feb Mar Apr May Jun Jul
31.0% ∆ YOY
Aug
154
Sep Oct Nov
Properties For Sale
-38.2% ∆ YOY
Dec
$2.245 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$1,625,000
$1,860,445
$1,920,500
$2,245,000
38.2%
Average Price per Square Foot
$683
$812
$850
$895
31.0%
Properties Sold
57
73
68
59
3.5%
Properties Pending Sale
57
80
64
58
1.8%
Properties For Sale
249
227
219
154
-38.2%
Days on Market (Pending Sale)
58
18
26
31
-47.1%
Percent Under Contract
22.9%
35.2%
29.2%
37.7%
64.5%
Average Median Price for Last 12 Months
$1,785,369
$2,074,083
$2,138,333
$1,968,996
10.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Irvine Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
110
Micro Market Report : December 2023
Ladera Ranch Single Family Residences, December 2023
Current Market Snapshot
$2,725,000 Median Sales Price
$725
Average $/SF
$1.614
Dec Jan
68.8% ∆ YOY
Feb Mar Apr May Jun Jul
31.3% ∆ YOY
Aug
22
Sep Oct Nov
Properties For Sale
-38.9% ∆ YOY
Dec
$2.725 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$1,614,000
$1,646,000
$1,780,000
$2,725,000
68.8%
Average Price per Square Foot
$552
$644
$677
$725
31.3%
Properties Sold
8
24
15
6
-25.0%
Properties Pending Sale
7
17
5
8
14.3%
Properties For Sale
36
36
29
22
-38.9%
Days on Market (Pending Sale)
48
20
19
47
-1.3%
Percent Under Contract
19.4%
47.2%
17.2%
36.4%
87.0%
Average Median Price for Last 12 Months
$1,796,371
$2,010,167
$2,341,667
$1,802,192
0.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Ladera Ranch Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
111
Laguna Beach Single Family Residences, December 2023
Current Market Snapshot
$3,805,000 Median Sales Price
Jan
69.3% ∆ YOY
Feb Mar Apr
$1,677 Average $/SF
$2.247
Dec
May Jun Jul
11.9% ∆ YOY
Aug
130
Sep Oct Nov
Properties For Sale
8.3% ∆ YOY
Dec
$3.805 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$2,247,500
$3,805,000
$2,587,500
$3,805,000
69.3%
Average Price per Square Foot
$1,498
$1,615
$1,417
$1,677
11.9%
Properties Sold
12
12
22
12
0.0%
Properties Pending Sale
11
15
17
17
54.5%
Properties For Sale
120
155
170
130
8.3%
Days on Market (Pending Sale)
34
33
61
67
96.9%
Percent Under Contract
9.2%
9.7%
10.0%
13.1%
42.7%
Average Median Price for Last 12 Months
$3,181,081
$3,277,419
$3,478,333
$3,142,140
-1.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Laguna Beach Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
112
Micro Market Report : December 2023
Laguna Hills Single Family Residences, December 2023
Current Market Snapshot
$1,562,500 Median Sales Price
$595
Average $/SF
$1.307
Dec Jan
19.5% ∆ YOY
Feb Mar Apr May Jun Jul
5.3% ∆ YOY
Aug
22
Sep Oct Nov
Properties For Sale
-47.6% ∆ YOY
Dec
$1.562 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$1,307,000
$1,169,000
$1,180,000
$1,562,500
19.5%
Average Price per Square Foot
$565
$628
$641
$595
5.3%
Properties Sold
10
12
12
4
-60.0%
Properties Pending Sale
10
13
14
5
-50.0%
Properties For Sale
42
37
29
22
-47.6%
Days on Market (Pending Sale)
63
38
23
11
-82.0%
Percent Under Contract
23.8%
35.1%
48.3%
22.7%
-4.5%
Average Median Price for Last 12 Months
$1,387,103
$1,376,676
$1,379,185
$1,388,539
0.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Laguna Hills Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
113
Laguna Niguel Single Family Residences, December 2023
Current Market Snapshot
$1,499,500 Median Sales Price
$737
Average $/SF
$1.591
Dec Jan
-5.8% ∆ YOY
Feb Mar Apr May Jun Jul
13.6% ∆ YOY
Aug
77
Sep Oct Nov
Properties For Sale
-29.4% ∆ YOY
Dec
$1.499 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$1,591,125
$1,573,500
$1,620,000
$1,499,500
-5.8%
Average Price per Square Foot
$649
$706
$745
$737
13.6%
Properties Sold
29
44
27
32
10.3%
Properties Pending Sale
18
39
31
24
33.3%
Properties For Sale
109
123
105
77
-29.4%
Days on Market (Pending Sale)
63
17
20
21
-65.9%
Percent Under Contract
16.5%
31.7%
29.5%
31.2%
88.7%
Average Median Price for Last 12 Months
$1,529,885
$1,575,750
$1,536,500
$1,520,933
-0.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Laguna Niguel Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
114
Micro Market Report : December 2023
Lake Forest Single Family Residences, December 2023
Current Market Snapshot
$1,305,000 Median Sales Price
$623 Average $/SF
$1.248
Dec Jan Feb
4.6% ∆ YOY
Mar Apr May Jun Jul
10.3% ∆ YOY
Aug
65
Sep Oct Nov
Properties For Sale
-52.6% ∆ YOY
Dec
$1.305 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$1,248,000
$1,477,750
$1,430,000
$1,305,000
4.6%
Average Price per Square Foot
$565
$576
$622
$623
10.3%
Properties Sold
37
46
45
18
-51.4%
Properties Pending Sale
34
47
46
15
-55.9%
Properties For Sale
137
124
118
65
-52.6%
Days on Market (Pending Sale)
36
27
27
36
-0.0%
Percent Under Contract
24.8%
37.9%
39.0%
23.1%
-7.0%
Average Median Price for Last 12 Months
$1,219,116
$1,364,000
$1,379,667
$1,308,900
7.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Lake Forest Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
115
Lantern Village in Dana Point Single Family Residences, December 2023
Current Market Snapshot
$1,700,000 Median Sales Price
$588 Average $/SF
$1.625
Dec Jan Feb
4.6% ∆ YOY
Mar Apr May Jun Jul
-37.5% ∆ YOY
Aug
10
Sep Oct Nov
Properties For Sale
11.1% ∆ YOY
Dec
$1.700 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$1,625,000
$1,625,000
$3,600,000
$1,700,000
4.6%
Average Price per Square Foot
$941
$973
$1,589
$588
-37.5%
Properties Sold
2
6
2
1
-50.0%
Properties Pending Sale
2
6
3
2
0.0%
Properties For Sale
9
16
16
10
11.1%
Days on Market (Pending Sale)
3
22
71
100
3233.3%
Percent Under Contract
22.2%
37.5%
18.8%
20.0%
-10.0%
Average Median Price for Last 12 Months
$1,495,958
$2,215,583
$1,800,000
$1,723,538
15.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Lantern Village in Dana Point Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
116
Micro Market Report : December 2023
Lower Newport Bay - Balboa Island Single Family Residences, December 2023
Current Market Snapshot
No Sales Median Sales Price
Jan
-100.0% ∆ YOY
Feb Mar Apr
No Sales Average $/SF
$16.032
Dec
May Jun Jul
-100.0% ∆ YOY
Aug
14
Sep Oct Nov
Properties For Sale
-26.3% ∆ YOY
Dec
Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$16,032,500
$4,045,000
$9,750,000
$0
-100.0%
Average Price per Square Foot
$3,573
$1,603
$2,821
$0
-100.0%
Properties Sold
2
3
2
0
-100.0%
Properties Pending Sale
2
4
4
2
0.0%
Properties For Sale
19
23
16
14
-26.3%
Days on Market (Pending Sale)
19
10
41
26
36.8%
Percent Under Contract
10.5%
17.4%
25.0%
14.3%
35.7%
Average Median Price for Last 12 Months
$6,794,381
$6,015,000
$5,448,333
$6,407,112
-5.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Lower Newport Bay - Balboa Island Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
117
Mission Viejo Single Family Residences, December 2023
Current Market Snapshot
$1,198,000 Median Sales Price
$588 Average $/SF
$1.134
Dec Jan Feb
5.6% ∆ YOY
Mar Apr May Jun Jul
12.4% ∆ YOY
Aug
78
Sep Oct Nov
Properties For Sale
-53.3% ∆ YOY
Dec
$1.198 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$1,134,000
$1,190,000
$1,208,500
$1,198,000
5.6%
Average Price per Square Foot
$523
$588
$607
$588
12.4%
Properties Sold
50
72
56
55
10.0%
Properties Pending Sale
46
58
57
35
-23.9%
Properties For Sale
167
145
127
78
-53.3%
Days on Market (Pending Sale)
49
12
21
36
-26.5%
Percent Under Contract
27.5%
40.0%
44.9%
44.9%
62.9%
Average Median Price for Last 12 Months
$1,124,056
$1,168,083
$1,179,333
$1,121,750
-0.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Mission Viejo Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
118
Micro Market Report : December 2023
Monarch Beach Single Family Residences, December 2023
Current Market Snapshot
$3,999,000 Median Sales Price
Jan Feb
11.1% ∆ YOY
Mar Apr
$1,443 Average $/SF
$3.600
Dec
May Jun Jul
26.4% ∆ YOY
Aug
33
Sep Oct Nov
Properties For Sale
-15.4% ∆ YOY
Dec
$3.999 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$3,600,000
$4,953,470
$4,500,000
$3,999,000
11.1%
Average Price per Square Foot
$1,142
$2,616
$1,845
$1,443
26.4%
Properties Sold
2
12
7
7
250.0%
Properties Pending Sale
6
13
7
4
-33.3%
Properties For Sale
39
57
38
33
-15.4%
Days on Market (Pending Sale)
53
19
59
122
130.9%
Percent Under Contract
15.4%
22.8%
18.4%
12.1%
-21.2%
Average Median Price for Last 12 Months
$2,614,625
$3,351,500
$3,074,667
$3,149,805
20.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Monarch Beach Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
119
Newport Beach Single Family Residences, December 2023
Current Market Snapshot
$3,950,000 Median Sales Price
Jan
16.2% ∆ YOY
Feb Mar Apr
$1,356 Average $/SF
$3.400
Dec
May Jun Jul
-26.6% ∆ YOY
Aug
139
Sep Oct Nov
Properties For Sale
-8.6% ∆ YOY
Dec
$3.950 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$3,400,000
$3,582,000
$4,250,000
$3,950,000
16.2%
Average Price per Square Foot
$1,848
$1,639
$1,757
$1,356
-26.6%
Properties Sold
15
33
26
35
133.3%
Properties Pending Sale
19
39
39
23
21.1%
Properties For Sale
152
209
205
139
-8.6%
Days on Market (Pending Sale)
53
34
53
68
29.4%
Percent Under Contract
12.5%
18.7%
19.0%
16.5%
32.4%
Average Median Price for Last 12 Months
$3,627,958
$3,737,500
$3,600,000
$3,617,462
-0.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Newport Beach Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
120
Micro Market Report : December 2023
Newport Coast Single Family Residences, December 2023
Current Market Snapshot
$4,678,000 Median Sales Price
Jan
-34.5% ∆ YOY
Feb Mar Apr
$1,435 Average $/SF
$7.137
Dec
May Jun Jul
-11.7% ∆ YOY
Aug
38
Sep Oct Nov
Properties For Sale
-37.7% ∆ YOY
Dec
$4.678 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$7,137,500
$9,600,000
$10,000,000
$4,678,000
-34.5%
Average Price per Square Foot
$1,626
$1,566
$2,175
$1,435
-11.7%
Properties Sold
2
5
7
3
50.0%
Properties Pending Sale
3
9
5
4
33.3%
Properties For Sale
61
39
36
38
-37.7%
Days on Market (Pending Sale)
45
26
63
33
-26.1%
Percent Under Contract
4.9%
23.1%
13.9%
10.5%
114.0%
Average Median Price for Last 12 Months
$6,190,870
$7,161,667
$7,138,500
$6,342,385
2.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Newport Coast Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
121
Newport Heights Single Family Residences, December 2023
Current Market Snapshot
$4,450,000 Median Sales Price
Jan
-21.7% ∆ YOY
Feb Mar Apr
$1,219 Average $/SF
$5.682
Dec
May Jun Jul
7.2% ∆ YOY
Aug
19
Sep Oct Nov
Properties For Sale
11.8% ∆ YOY
Dec
$4.450 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$5,682,720
$3,550,000
$5,300,000
$4,450,000
-21.7%
Average Price per Square Foot
$1,137
$1,516
$1,267
$1,219
7.2%
Properties Sold
1
2
2
7
600.0%
Properties Pending Sale
2
4
5
3
50.0%
Properties For Sale
17
20
28
19
11.8%
Days on Market (Pending Sale)
19
45
26
66
256.8%
Percent Under Contract
11.8%
20.0%
17.9%
15.8%
34.2%
Average Median Price for Last 12 Months
$3,143,643
$4,280,833
$5,083,333
$4,011,171
27.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Newport Heights Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
122
Micro Market Report : December 2023
Norco Single Family Residences, December 2023
Current Market Snapshot
$827,500 Median Sales Price
$383 Average $/SF
$759
Dec Jan Feb
9.0% ∆ YOY
Mar Apr May Jun Jul
1.3% ∆ YOY
Aug
40
Sep Oct Nov
Properties For Sale
-56.5% ∆ YOY
Dec
$827 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$759,500
$889,000
$950,000
$827,500
9.0%
Average Price per Square Foot
$378
$381
$437
$383
1.3%
Properties Sold
16
17
15
6
-62.5%
Properties Pending Sale
13
12
11
8
-38.5%
Properties For Sale
92
54
47
40
-56.5%
Days on Market (Pending Sale)
56
25
36
23
-58.7%
Percent Under Contract
14.1%
22.2%
23.4%
20.0%
41.5%
Average Median Price for Last 12 Months
$829,542
$867,917
$821,667
$839,308
1.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Norco Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
123
North Tustin Single Family Residences, December 2023
Current Market Snapshot
$1,567,500 Median Sales Price
$639 Average $/SF
$1.325
Dec Jan
18.3% ∆ YOY
Feb Mar Apr May Jun Jul
2.9% ∆ YOY
Aug
22
Sep Oct Nov
Properties For Sale
-62.7% ∆ YOY
Dec
$1.567 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$1,325,000
$2,001,000
$1,665,000
$1,567,500
18.3%
Average Price per Square Foot
$621
$603
$676
$639
2.9%
Properties Sold
8
19
16
6
-25.0%
Properties Pending Sale
10
17
11
4
-60.0%
Properties For Sale
59
58
43
22
-62.7%
Days on Market (Pending Sale)
48
26
51
80
67.9%
Percent Under Contract
16.9%
29.3%
25.6%
18.2%
7.3%
Average Median Price for Last 12 Months
$1,664,583
$1,656,750
$1,655,000
$1,649,194
-0.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in North Tustin Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
124
Micro Market Report : December 2023
Orange Single Family Residences, December 2023
Current Market Snapshot
$1,117,500 Median Sales Price
$572
Average $/SF
$919
Dec Jan
21.6% ∆ YOY
Feb Mar Apr May Jun Jul
10.4% ∆ YOY
Aug
85
Sep Oct Nov
Properties For Sale
-33.6% ∆ YOY
Dec
$1.117 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$919,000
$1,050,000
$1,162,500
$1,117,500
21.6%
Average Price per Square Foot
$518
$571
$578
$572
10.4%
Properties Sold
44
66
38
32
-27.3%
Properties Pending Sale
30
45
49
26
-13.3%
Properties For Sale
128
135
124
85
-33.6%
Days on Market (Pending Sale)
46
13
23
27
-41.3%
Percent Under Contract
23.4%
33.3%
39.5%
30.6%
30.5%
Average Median Price for Last 12 Months
$1,032,508
$1,094,083
$1,110,833
$1,044,654
1.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Orange Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
125
Rancho Mission Viejo Single Family Residences, December 2023
Current Market Snapshot
$1,495,000 Median Sales Price
$664 Average $/SF
$1.124
Dec Jan
32.9% ∆ YOY
Feb Mar Apr May Jun Jul
7.4% ∆ YOY
Aug
33
Sep Oct Nov
Properties For Sale
37.5% ∆ YOY
Dec
$1.495 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$1,124,995
$1,352,500
$1,268,000
$1,495,000
32.9%
Average Price per Square Foot
$618
$593
$616
$664
7.4%
Properties Sold
14
10
17
9
-35.7%
Properties Pending Sale
4
18
8
13
225.0%
Properties For Sale
24
48
30
33
37.5%
Days on Market (Pending Sale)
61
35
46
18
-70.1%
Percent Under Contract
16.7%
37.5%
26.7%
39.4%
136.4%
Average Median Price for Last 12 Months
$1,280,416
$1,263,651
$1,254,167
$1,234,723
-3.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Rancho Mission Viejo Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
126
Micro Market Report : December 2023
Rancho Santa Margarita Single Family Residences, December 2023
Current Market Snapshot
$1,300,000 Median Sales Price
$556
Average $/SF
$1.100
Dec Jan
18.2% ∆ YOY
Feb Mar Apr May Jun Jul
9.4% ∆ YOY
Aug
31
Sep Oct Nov
Properties For Sale
-40.4% ∆ YOY
Dec
$1.300 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$1,100,000
$1,260,000
$1,505,000
$1,300,000
18.2%
Average Price per Square Foot
$508
$554
$546
$556
9.4%
Properties Sold
13
32
16
13
0.0%
Properties Pending Sale
12
22
12
17
41.7%
Properties For Sale
52
54
42
31
-40.4%
Days on Market (Pending Sale)
50
17
14
26
-49.3%
Percent Under Contract
23.1%
40.7%
28.6%
54.8%
137.6%
Average Median Price for Last 12 Months
$1,197,704
$1,322,083
$1,267,500
$1,246,452
4.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Rancho Santa Margarita Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
127
San Clemente Single Family Residences, December 2023
Current Market Snapshot
$1,795,000 Median Sales Price
$722 Average $/SF
$1.550
Dec Jan
15.8% ∆ YOY
Feb Mar Apr May Jun Jul
7.9% ∆ YOY
Aug
104
Sep Oct Nov
Properties For Sale
-21.2% ∆ YOY
Dec
$1.795 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$1,550,000
$1,825,000
$1,787,000
$1,795,000
15.8%
Average Price per Square Foot
$669
$671
$791
$722
7.9%
Properties Sold
42
38
32
39
-7.1%
Properties Pending Sale
20
33
32
28
40.0%
Properties For Sale
132
144
159
104
-21.2%
Days on Market (Pending Sale)
55
35
32
45
-17.0%
Percent Under Contract
15.2%
22.9%
20.1%
26.9%
77.7%
Average Median Price for Last 12 Months
$1,708,396
$1,690,017
$1,749,700
$1,713,238
0.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in San Clemente Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
128
Micro Market Report : December 2023
San Juan Capistrano Single Family Residences, December 2023
Current Market Snapshot
$1,200,000 Median Sales Price
$723 Average $/SF
$1.900
Dec Jan
-36.8% ∆ YOY
Feb Mar Apr May Jun Jul
20.9% ∆ YOY
Aug
53
Sep Oct Nov
Properties For Sale
-22.1% ∆ YOY
Dec
$1.200 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$1,900,000
$1,694,990
$1,650,000
$1,200,000
-36.8%
Average Price per Square Foot
$598
$629
$600
$723
20.9%
Properties Sold
11
31
19
15
36.4%
Properties Pending Sale
12
28
24
14
16.7%
Properties For Sale
68
91
80
53
-22.1%
Days on Market (Pending Sale)
39
26
39
46
17.8%
Percent Under Contract
17.6%
30.8%
30.0%
26.4%
49.7%
Average Median Price for Last 12 Months
$1,614,707
$1,587,500
$1,518,333
$1,546,730
-4.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in San Juan Capistrano Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
129
Santa Ana Single Family Residences, December 2023
Current Market Snapshot
$835,000 Median Sales Price
$598 Average $/SF
$760
Dec Jan Feb
9.9% ∆ YOY
Mar Apr May Jun Jul
18.9% ∆ YOY
Aug
89
Sep Oct Nov
Properties For Sale
-38.6% ∆ YOY
Dec
$835 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$760,000
$850,000
$790,000
$835,000
9.9%
Average Price per Square Foot
$503
$561
$583
$598
18.9%
Properties Sold
43
47
39
41
-4.7%
Properties Pending Sale
34
47
43
29
-14.7%
Properties For Sale
145
135
133
89
-38.6%
Days on Market (Pending Sale)
38
19
16
32
-16.1%
Percent Under Contract
23.4%
34.8%
32.3%
32.6%
39.0%
Average Median Price for Last 12 Months
$824,167
$838,500
$852,000
$825,577
0.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Santa Ana Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
130
Micro Market Report : December 2023
Seal Beach Single Family Residences, December 2023
Current Market Snapshot
$1,160,000 Median Sales Price
$778
Average $/SF
$1.725
Dec Jan
-32.8% ∆ YOY
Feb Mar Apr May Jun Jul
28.8% ∆ YOY
Aug
12
Sep Oct Nov
Properties For Sale
-36.8% ∆ YOY
Dec
$1.160 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$1,725,000
$1,562,500
$1,465,000
$1,160,000
-32.8%
Average Price per Square Foot
$604
$746
$707
$778
28.8%
Properties Sold
3
14
4
1
-66.7%
Properties Pending Sale
7
7
12
3
-57.1%
Properties For Sale
19
13
29
12
-36.8%
Days on Market (Pending Sale)
40
21
38
28
-30.7%
Percent Under Contract
36.8%
53.8%
41.4%
25.0%
-32.1%
Average Median Price for Last 12 Months
$1,475,333
$1,362,083
$1,308,333
$1,500,923
1.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Seal Beach Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
131
Shady Canyon Single Family Residences, December 2023
Current Market Snapshot
$12,350,000 Median Sales Price
n/a ∆ YOY
Jan Feb Mar Apr
$1,088 Average $/SF
Dec
May Jun Jul
n/a ∆ YOY
Aug
8
Sep Oct Nov
Properties For Sale
60.0% ∆ YOY
Dec
$12.350 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$0
$0
$11,450,000
$12,350,000
n/a
Average Price per Square Foot
$0
$0
$1,164
$1,088
n/a
Properties Sold
0
0
2
3
n/a
Properties Pending Sale
0
1
1
0
n/a
Properties For Sale
5
11
15
8
60.0%
Days on Market (Pending Sale)
0
4
1
0
n/a
Percent Under Contract
0.0%
9.1%
6.7%
0.0%
n/a
Average Median Price for Last 12 Months
$7,648,435
$11,630,833
$9,961,667
$8,648,846
13.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Shady Canyon Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
132
Micro Market Report : December 2023
Turtle Ridge Single Family Residences, December 2023
Current Market Snapshot
$5,585,000 Median Sales Price
Jan
103.9% ∆ YOY
Feb Mar Apr
$1,345 Average $/SF
$2.739
Dec
May Jun Jul
34.1% ∆ YOY
Aug
4
Sep Oct Nov
Properties For Sale
-33.3% ∆ YOY
Dec
$5.585 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$2,739,000
$3,250,000
$4,090,000
$5,585,000
103.9%
Average Price per Square Foot
$1,003
$1,093
$1,121
$1,345
34.1%
Properties Sold
2
5
1
2
0.0%
Properties Pending Sale
4
3
1
1
-75.0%
Properties For Sale
6
6
4
4
-33.3%
Days on Market (Pending Sale)
81
8
13
19
-76.4%
Percent Under Contract
66.7%
50.0%
25.0%
25.0%
-62.5%
Average Median Price for Last 12 Months
$2,877,741
$3,567,500
$3,136,667
$2,975,308
3.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Turtle Ridge Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
133
Turtle Rock Single Family Residences, December 2023
Current Market Snapshot
No Sales Median Sales Price
Jan
-100.0% ∆ YOY
Feb Mar Apr
No Sales Average $/SF
$1.900
Dec
May Jun Jul
-100.0% ∆ YOY
Aug
2
Sep Oct Nov
Properties For Sale
-83.3% ∆ YOY
Dec
Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$1,900,000
$2,470,000
$2,350,000
$0
-100.0%
Average Price per Square Foot
$776
$1,025
$952
$0
-100.0%
Properties Sold
3
5
3
0
-100.0%
Properties Pending Sale
1
3
2
0
-100.0%
Properties For Sale
12
7
6
2
-83.3%
Days on Market (Pending Sale)
47
7
11
0
-100.0%
Percent Under Contract
8.3%
42.9%
33.3%
0.0%
-100.0%
Average Median Price for Last 12 Months
$2,207,625
$2,448,750
$2,727,500
$2,335,038
5.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Turtle Rock Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
134
Micro Market Report : December 2023
Tustin Single Family Residences, December 2023
Current Market Snapshot
$1,260,000 Median Sales Price
$673 Average $/SF
$1.180
Dec Jan Feb
6.8% ∆ YOY
Mar Apr May Jun Jul
12.7% ∆ YOY
Aug
37
Sep Oct Nov
Properties For Sale
-39.3% ∆ YOY
Dec
$1.260 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$1,180,000
$1,149,000
$1,286,250
$1,260,000
6.8%
Average Price per Square Foot
$597
$616
$659
$673
12.7%
Properties Sold
19
19
18
12
-36.8%
Properties Pending Sale
15
21
18
15
0.0%
Properties For Sale
61
47
44
37
-39.3%
Days on Market (Pending Sale)
40
18
20
43
7.1%
Percent Under Contract
24.6%
44.7%
40.9%
40.5%
64.9%
Average Median Price for Last 12 Months
$1,130,126
$1,227,292
$1,221,500
$1,247,121
10.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Tustin Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
135
West Bay - Santa Ana Heights Single Family Residences, December 2023
Current Market Snapshot
$3,143,750 Median Sales Price
Jan Feb
4.8% ∆ YOY
Mar Apr
$1,395 Average $/SF
$3.000
Dec
May Jun Jul
-3.0% ∆ YOY
Aug
23
Sep Oct Nov
Properties For Sale
-39.5% ∆ YOY
Dec
$3.143 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$3,000,000
$3,875,000
$4,050,000
$3,143,750
4.8%
Average Price per Square Foot
$1,438
$1,704
$1,096
$1,395
-3.0%
Properties Sold
3
7
4
10
233.3%
Properties Pending Sale
4
6
6
3
-25.0%
Properties For Sale
38
33
38
23
-39.5%
Days on Market (Pending Sale)
79
15
32
45
-43.2%
Percent Under Contract
10.5%
18.2%
15.8%
13.0%
23.9%
Average Median Price for Last 12 Months
$3,237,250
$3,206,458
$2,847,917
$3,259,327
0.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in West Bay - Santa Ana Heights Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
136
Micro Market Report : December 2023
West Newport - Lido Single Family Residences, December 2023
Current Market Snapshot
$6,400,000 Median Sales Price
139.3% ∆ YOY
Jan Feb Mar Apr
$2,032 Average $/SF
$2.675
Dec
May Jun Jul
55.0% ∆ YOY
Aug
21
Sep Oct Nov
Properties For Sale
50.0% ∆ YOY
Dec
$6.400 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$2,675,000
$4,450,000
$4,025,000
$6,400,000
139.3%
Average Price per Square Foot
$1,311
$1,533
$2,089
$2,032
55.0%
Properties Sold
2
7
4
1
-50.0%
Properties Pending Sale
1
8
10
0
-100.0%
Properties For Sale
14
39
36
21
50.0%
Days on Market (Pending Sale)
16
73
73
0
-100.0%
Percent Under Contract
7.1%
20.5%
27.8%
0.0%
-100.0%
Average Median Price for Last 12 Months
$4,839,167
$4,425,833
$4,468,333
$4,122,212
-14.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in West Newport - Lido Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
137
Westminster Single Family Residences, December 2023
Current Market Snapshot
$980,000 Median Sales Price
$612
Average $/SF
$935
Dec Jan Feb
4.8% ∆ YOY
Mar Apr May Jun Jul
17.9% ∆ YOY
Aug
28
Sep Oct Nov
Properties For Sale
-54.1% ∆ YOY
Dec
$980 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$935,000
$1,075,000
$1,100,000
$980,000
4.8%
Average Price per Square Foot
$519
$580
$593
$612
17.9%
Properties Sold
19
31
21
15
-21.1%
Properties Pending Sale
17
18
18
13
-23.5%
Properties For Sale
61
45
51
28
-54.1%
Days on Market (Pending Sale)
30
14
16
31
5.9%
Percent Under Contract
27.9%
40.0%
35.3%
46.4%
66.6%
Average Median Price for Last 12 Months
$958,417
$1,038,250
$993,333
$977,588
2.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Westminster Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
138
Micro Market Report : December 2023
Yorba Linda Single Family Residences, December 2023
Current Market Snapshot
$1,240,000 Median Sales Price
$604 Average $/SF
$1.300
Dec Jan
-4.6% ∆ YOY
Feb Mar Apr May Jun Jul
11.2% ∆ YOY
Aug
70
Sep Oct Nov
Properties For Sale
-42.1% ∆ YOY
Dec
$1.240 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$1,300,000
$1,285,000
$1,375,000
$1,240,000
-4.6%
Average Price per Square Foot
$543
$591
$573
$604
11.2%
Properties Sold
39
53
34
33
-15.4%
Properties Pending Sale
31
47
27
23
-25.8%
Properties For Sale
121
117
101
70
-42.1%
Days on Market (Pending Sale)
72
25
25
41
-42.8%
Percent Under Contract
25.6%
40.2%
26.7%
32.9%
28.2%
Average Median Price for Last 12 Months
$1,337,771
$1,330,400
$1,335,833
$1,316,915
-1.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Yorba Linda Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
139
Santa Barbara County Single Family Residences Carpinteria Goleta Hope Ranch Montecito Santa Barbara East of State Santa Barbara West of State Santa Ynez
140
Micro Market Report : December 2023
Santa Barbara County
Country
United States
At a Glance
State
California
Region
California Central Coast
Formed
1850
County seat
Santa Barbara
Largest City (Area)
Santa Barbara
Largest City (Population)
Santa Maria
Incorporated Cities
8
Area Total
3,789 mi2 (9,810 km2)
Land
2,735 mi2 (7,080 km2)
Water
1,054 mi2 (2,730 km2)
Highest Elevation
6,803 ft (2,074 m)
Population Total
448,229
Density
163/mi2 (63/km2)
GDP
$26 Billion
Micro Market Report : December 2023
141
Carpinteria Single Family Residences, December 2023
Current Market Snapshot
$1,515,000 Median Sales Price
Jan
-94.9% ∆ YOY
Feb Mar Apr
$1,007 Average $/SF
$29.948
Dec
May Jun Jul
-67.9% ∆ YOY
Aug
23
Sep Oct Nov
Properties For Sale
-20.7% ∆ YOY
Dec
$1.515 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$29,948,000
$1,990,000
$2,395,000
$1,515,000
-94.9%
Average Price per Square Foot
$3,137
$1,048
$1,292
$1,007
-67.9%
Properties Sold
3
4
7
3
0.0%
Properties Pending Sale
4
5
8
1
-75.0%
Properties For Sale
29
31
28
23
-20.7%
Days on Market (Pending Sale)
19
27
11
6
-68.8%
Percent Under Contract
13.8%
16.1%
28.6%
4.3%
-68.5%
Average Median Price for Last 12 Months
$4,672,449
$1,770,913
$1,705,993
$4,092,739
-12.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Carpinteria Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
142
Micro Market Report : December 2023
Goleta Single Family Residences, December 2023
Current Market Snapshot
$1,300,000 Median Sales Price
$924 Average $/SF
$1.085
Dec Jan
19.8% ∆ YOY
Feb Mar Apr May Jun Jul
4.8% ∆ YOY
Aug
15
Sep Oct Nov
Properties For Sale
25.0% ∆ YOY
Dec
$1.300 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$1,085,000
$1,560,000
$1,370,000
$1,300,000
19.8%
Average Price per Square Foot
$882
$826
$753
$924
4.8%
Properties Sold
6
8
9
4
-33.3%
Properties Pending Sale
1
12
12
7
600.0%
Properties For Sale
12
25
23
15
25.0%
Days on Market (Pending Sale)
38
24
18
19
-49.6%
Percent Under Contract
8.3%
48.0%
52.2%
46.7%
460.0%
Average Median Price for Last 12 Months
$1,482,247
$1,446,867
$1,405,833
$1,384,977
-6.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Goleta Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
143
Hope Ranch Single Family Residences, December 2023
Current Market Snapshot
No Sales Median Sales Price
Jan
-100.0% ∆ YOY
Feb Mar Apr
No Sales Average $/SF
$4.950
Dec
May Jun Jul
n/a ∆ YOY
Aug
15
Sep Oct Nov
Properties For Sale
-16.7% ∆ YOY
Dec
Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$4,950,000
$5,500,000
$6,712,500
$0
-100.0%
Average Price per Square Foot
$0
$0
$1,697
$0
n/a
Properties Sold
1
1
2
0
-100.0%
Properties Pending Sale
2
1
1
0
-100.0%
Properties For Sale
18
16
18
15
-16.7%
Days on Market (Pending Sale)
34
32
31
0
-100.0%
Percent Under Contract
11.1%
6.2%
5.6%
0.0%
-100.0%
Average Median Price for Last 12 Months
$6,055,833
$4,409,583
$3,288,333
$5,326,538
-12.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Hope Ranch Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
144
Micro Market Report : December 2023
Montecito Single Family Residences, December 2023
Current Market Snapshot
$5,037,500 Median Sales Price
Jan
-13.3% ∆ YOY
Feb Mar Apr
$1,644 Average $/SF
$5.812
Dec
May Jun Jul
-9.7% ∆ YOY
Aug
98
Sep Oct Nov
Properties For Sale
21.0% ∆ YOY
Dec
$5.037 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$5,812,500
$6,300,000
$5,297,000
$5,037,500
-13.3%
Average Price per Square Foot
$1,821
$1,825
$1,951
$1,644
-9.7%
Properties Sold
8
14
13
8
0.0%
Properties Pending Sale
6
15
14
9
50.0%
Properties For Sale
81
117
110
98
21.0%
Days on Market (Pending Sale)
11
31
55
68
544.4%
Percent Under Contract
7.4%
12.8%
12.7%
9.2%
24.0%
Average Median Price for Last 12 Months
$5,484,597
$5,825,486
$5,915,972
$5,937,840
8.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Montecito Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
145
Santa Barbara East of State Single Family Residences, December 2023
Current Market Snapshot
$1,475,000 Median Sales Price
Jan
-23.8% ∆ YOY
Feb Mar Apr
$1,033 Average $/SF
$1.935
Dec
May Jun Jul
-11.6% ∆ YOY
Aug
73
Sep Oct Nov
Properties For Sale
12.3% ∆ YOY
Dec
$1.475 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$1,935,000
$2,152,500
$2,400,000
$1,475,000
-23.8%
Average Price per Square Foot
$1,169
$1,145
$1,032
$1,033
-11.6%
Properties Sold
14
12
15
14
0.0%
Properties Pending Sale
15
12
12
11
-26.7%
Properties For Sale
65
82
87
73
12.3%
Days on Market (Pending Sale)
43
34
59
48
12.1%
Percent Under Contract
23.1%
14.6%
13.8%
15.1%
-34.7%
Average Median Price for Last 12 Months
$2,348,870
$2,323,333
$1,941,667
$2,147,115
-8.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Santa Barbara East of State Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
146
Micro Market Report : December 2023
Santa Barbara West of State Single Family Residences, December 2023
Current Market Snapshot
$2,200,000 Median Sales Price
11.1% ∆ YOY
Jan Feb Mar Apr
$1,460 Average $/SF
$1.980
Dec
May Jun Jul
20.4% ∆ YOY
Aug
45
Sep Oct Nov
Properties For Sale
-4.3% ∆ YOY
Dec
$2.200 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$1,980,000
$2,360,000
$1,600,000
$2,200,000
11.1%
Average Price per Square Foot
$1,213
$1,423
$1,260
$1,460
20.4%
Properties Sold
9
18
9
9
0.0%
Properties Pending Sale
9
21
11
9
0.0%
Properties For Sale
47
66
68
45
-4.3%
Days on Market (Pending Sale)
32
27
13
130
311.2%
Percent Under Contract
19.1%
31.8%
16.2%
20.0%
4.4%
Average Median Price for Last 12 Months
$2,073,538
$1,871,513
$2,000,000
$2,003,200
-3.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Santa Barbara West of State Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
147
Santa Ynez Single Family Residences, December 2023
Current Market Snapshot
$1,560,000 Median Sales Price
$678 Average $/SF
$1.645
Dec Jan
-5.2% ∆ YOY
Feb Mar Apr May Jun Jul
-3.0% ∆ YOY
Aug
71
Sep Oct Nov
Properties For Sale
73.2% ∆ YOY
Dec
$1.560 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$1,645,000
$1,750,000
$1,440,000
$1,560,000
-5.2%
Average Price per Square Foot
$699
$684
$735
$678
-3.0%
Properties Sold
15
9
6
16
6.7%
Properties Pending Sale
9
12
11
15
66.7%
Properties For Sale
41
45
58
71
73.2%
Days on Market (Pending Sale)
51
25
54
61
20.9%
Percent Under Contract
22.0%
26.7%
19.0%
21.1%
-3.8%
Average Median Price for Last 12 Months
$1,591,958
$1,564,583
$1,652,500
$1,448,473
-9.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Santa Ynez Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
148
Micro Market Report : December 2023
Monterey County Single Family Residences Carmel Carmel Valley Marina Monterey Pacific Grove Pebble Beach Salinas Seaside
150
Micro Market Report : December 2023
Monterey County
Country
United States
At a Glance
State
California
Region
California Central Coast
Formed
1850
County seat
Salinas
Largest City (Area)
Salinas
Largest City (Population)
Salinas
Incorporated Cities
12
Area Total
3,771 mi2 (9,770 km2)
Land
3,281 mi2 (8,500 km2)
Water
491 mi2 (1,270 km2)
Highest Elevation
5,865 ft (1,788 m)
Population Total
439,035
Density
134/mi2 (52/km2)
GDP
$26 Billion
Micro Market Report : December 2023
151
Carmel Single Family Residences, December 2023
Current Market Snapshot
$2,900,000 Median Sales Price
Jan
16.0% ∆ YOY
Feb Mar Apr
$1,729 Average $/SF
$2.500
Dec
May Jun Jul
3.5% ∆ YOY
Aug
52
Sep Oct Nov
Properties For Sale
-10.3% ∆ YOY
Dec
$2.900 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$2,500,000
$2,800,000
$3,350,000
$2,900,000
16.0%
Average Price per Square Foot
$1,671
$1,542
$1,910
$1,729
3.5%
Properties Sold
9
18
23
9
0.0%
Properties Pending Sale
11
18
15
7
-36.4%
Properties For Sale
58
85
80
52
-10.3%
Days on Market (Pending Sale)
96
36
44
76
-21.0%
Percent Under Contract
19.0%
21.2%
18.8%
13.5%
-29.0%
Average Median Price for Last 12 Months
$2,686,563
$2,910,250
$2,821,667
$2,882,139
7.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Carmel Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
152
Micro Market Report : December 2023
Carmel Valley Single Family Residences, December 2023
Current Market Snapshot
$3,200,000 Median Sales Price
$670 Average $/SF
$1.287
Dec Jan
148.5% ∆ YOY
Feb Mar Apr May Jun Jul
-9.7% ∆ YOY
Aug
34
Sep Oct Nov
Properties For Sale
3.0% ∆ YOY
Dec
$3.200 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$1,287,500
$3,580,000
$815,000
$3,200,000
148.5%
Average Price per Square Foot
$742
$803
$676
$670
-9.7%
Properties Sold
6
2
7
3
-50.0%
Properties Pending Sale
4
7
6
2
-50.0%
Properties For Sale
33
41
42
34
3.0%
Days on Market (Pending Sale)
50
40
73
118
136.0%
Percent Under Contract
12.1%
17.1%
14.3%
5.9%
-51.5%
Average Median Price for Last 12 Months
$1,653,396
$2,037,500
$2,390,000
$2,079,615
25.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Carmel Valley Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
153
Marina Single Family Residences, December 2023
Current Market Snapshot
$1,000,000 Median Sales Price
$475
Average $/SF
$755
Dec Jan
32.5% ∆ YOY
Feb Mar Apr May Jun Jul
-5.0% ∆ YOY
Aug
25
Sep Oct Nov
Properties For Sale
-10.7% ∆ YOY
Dec
$1.000 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$755,000
$850,000
$925,000
$1,000,000
32.5%
Average Price per Square Foot
$500
$523
$484
$475
-5.0%
Properties Sold
11
15
6
5
-54.5%
Properties Pending Sale
8
9
10
5
-37.5%
Properties For Sale
28
40
31
25
-10.7%
Days on Market (Pending Sale)
59
17
72
29
-51.8%
Percent Under Contract
28.6%
22.5%
32.3%
20.0%
-30.0%
Average Median Price for Last 12 Months
$876,162
$955,833
$1,011,500
$909,077
3.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Marina Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
154
Micro Market Report : December 2023
Monterey Single Family Residences, December 2023
Current Market Snapshot
$1,000,000 Median Sales Price
$651
Average $/SF
$1.425
Dec Jan
-29.8% ∆ YOY
Feb Mar Apr May Jun Jul
-8.7% ∆ YOY
Aug
29
Sep Oct Nov
Properties For Sale
-3.3% ∆ YOY
Dec
$1.000 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$1,425,001
$1,325,000
$1,362,500
$1,000,000
-29.8%
Average Price per Square Foot
$713
$691
$820
$651
-8.7%
Properties Sold
5
13
12
11
120.0%
Properties Pending Sale
7
11
11
11
57.1%
Properties For Sale
30
42
46
29
-3.3%
Days on Market (Pending Sale)
33
37
41
40
21.7%
Percent Under Contract
23.3%
26.2%
23.9%
37.9%
62.6%
Average Median Price for Last 12 Months
$1,238,167
$1,333,958
$1,352,083
$1,323,904
6.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Monterey Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
155
Pacific Grove Single Family Residences, December 2023
Current Market Snapshot
$1,361,500 Median Sales Price
$934 Average $/SF
$1.070
Dec Jan
27.2% ∆ YOY
Feb Mar Apr May Jun Jul
-5.9% ∆ YOY
Aug
19
Sep Oct Nov
Properties For Sale
-20.8% ∆ YOY
Dec
$1.361 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$1,070,000
$1,290,000
$1,675,000
$1,361,500
27.2%
Average Price per Square Foot
$993
$1,190
$902
$934
-5.9%
Properties Sold
10
7
8
8
-20.0%
Properties Pending Sale
8
3
16
4
-50.0%
Properties For Sale
24
23
34
19
-20.8%
Days on Market (Pending Sale)
56
63
40
114
103.1%
Percent Under Contract
33.3%
13.0%
47.1%
21.1%
-36.8%
Average Median Price for Last 12 Months
$1,437,425
$1,510,640
$1,397,167
$1,497,092
4.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Pacific Grove Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
156
Micro Market Report : December 2023
Pebble Beach Single Family Residences, December 2023
Current Market Snapshot
$3,137,500 Median Sales Price
$872 Average $/SF
$3.105
Dec Jan Feb
1.0% ∆ YOY
Mar Apr May Jun Jul
-27.9% ∆ YOY
Aug
31
Sep Oct Nov
Properties For Sale
34.8% ∆ YOY
Dec
$3.137 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$3,105,000
$2,800,000
$2,300,000
$3,137,500
1.0%
Average Price per Square Foot
$1,210
$1,238
$1,212
$872
-27.9%
Properties Sold
5
7
7
2
-60.0%
Properties Pending Sale
4
8
4
1
-75.0%
Properties For Sale
23
39
34
31
34.8%
Days on Market (Pending Sale)
9
75
113
7
-22.2%
Percent Under Contract
17.4%
20.5%
11.8%
3.2%
-81.5%
Average Median Price for Last 12 Months
$4,776,181
$2,921,250
$3,110,000
$3,024,192
-36.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Pebble Beach Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
157
Salinas Single Family Residences, December 2023
Current Market Snapshot
$760,000 Median Sales Price
$438 Average $/SF
$639
Dec Jan
18.8% ∆ YOY
Feb Mar Apr May Jun Jul
-2.2% ∆ YOY
Aug
73
Sep Oct Nov
Properties For Sale
-28.4% ∆ YOY
Dec
$760 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$639,900
$743,000
$765,000
$760,000
18.8%
Average Price per Square Foot
$448
$464
$483
$438
-2.2%
Properties Sold
27
51
39
29
7.4%
Properties Pending Sale
17
34
32
38
123.5%
Properties For Sale
102
91
86
73
-28.4%
Days on Market (Pending Sale)
58
14
33
53
-7.3%
Percent Under Contract
16.7%
37.4%
37.2%
52.1%
212.3%
Average Median Price for Last 12 Months
$717,196
$761,417
$765,333
$736,420
2.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Salinas Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
158
Micro Market Report : December 2023
Seaside Single Family Residences, December 2023
Current Market Snapshot
$974,000 Median Sales Price
$645 Average $/SF
$694
Dec Jan
40.2% ∆ YOY
Feb Mar Apr May Jun Jul
3.4% ∆ YOY
Aug
21
Sep Oct Nov
Properties For Sale
-36.4% ∆ YOY
Dec
$974 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$694,500
$685,000
$921,690
$974,000
40.2%
Average Price per Square Foot
$624
$679
$548
$645
3.4%
Properties Sold
6
9
11
8
33.3%
Properties Pending Sale
9
8
5
6
-33.3%
Properties For Sale
33
29
24
21
-36.4%
Days on Market (Pending Sale)
68
50
41
76
11.5%
Percent Under Contract
27.3%
27.6%
20.8%
28.6%
4.8%
Average Median Price for Last 12 Months
$758,104
$818,490
$790,250
$755,842
-0.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Seaside Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
159
Riverside County Single Family Residences Bermuda Dunes Cathedral City Coachella Corona Desert Hot Springs Indian Wells Indio La Quinta Menifee Murrieta Palm Desert Palm Springs Rancho Mirage Temecula Thousand Palms
160
Micro Market Report : December 2023
Riverside County
Country
United States
At a Glance
State
California
Region
Inland Empire
Formed
1893
County seat
Riverside
Largest City (Area)
Palm Springs
Largest City (Population)
Riverside
Incorporated Cities
28
Area Total
7,303 mi2 (18,910 km2)
Land
7,206 mi2 (18,660 km2)
Water
97 mi2 (250 km2)
Highest Elevation
10,843 ft (3,305 m)
Population Total
2,418,185
Density
336/mi2 (130/km2)
GDP
$105 Billion
Micro Market Report : December 2023
161
Bermuda Dunes Single Family Residences, December 2023
Current Market Snapshot
$875,000 Median Sales Price
$277
Average $/SF
$715
Dec Jan
22.4% ∆ YOY
Feb Mar Apr May Jun Jul
-7.7% ∆ YOY
Aug
48
Sep Oct Nov
Properties For Sale
6.7% ∆ YOY
Dec
$875 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$715,000
$610,000
$1,687,500
$875,000
22.4%
Average Price per Square Foot
$300
$315
$431
$277
-7.7%
Properties Sold
5
7
2
5
0.0%
Properties Pending Sale
5
9
5
7
40.0%
Properties For Sale
45
53
46
48
6.7%
Days on Market (Pending Sale)
56
91
76
69
22.9%
Percent Under Contract
11.1%
17.0%
10.9%
14.6%
31.3%
Average Median Price for Last 12 Months
$783,886
$953,583
$831,500
$822,462
4.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Bermuda Dunes Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
162
Micro Market Report : December 2023
Cathedral City Single Family Residences, December 2023
Current Market Snapshot
$539,000 Median Sales Price
$328 Average $/SF
$500
Dec Jan Feb
7.8% ∆ YOY
Mar Apr May Jun Jul
1.5% ∆ YOY
Aug
217
Sep Oct Nov
Properties For Sale
-19.0% ∆ YOY
Dec
$539 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$500,000
$499,000
$550,000
$539,000
7.8%
Average Price per Square Foot
$323
$307
$311
$328
1.5%
Properties Sold
29
40
29
23
-20.7%
Properties Pending Sale
31
34
34
34
9.7%
Properties For Sale
268
253
228
217
-19.0%
Days on Market (Pending Sale)
73
46
52
59
-19.3%
Percent Under Contract
11.6%
13.4%
14.9%
15.7%
35.5%
Average Median Price for Last 12 Months
$547,792
$545,500
$538,667
$536,038
-2.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Cathedral City Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
163
Coachella Single Family Residences, December 2023
Current Market Snapshot
$487,500 Median Sales Price
$258 Average $/SF
$523
Dec Jan
-7.0% ∆ YOY
Feb Mar Apr May Jun Jul
6.2% ∆ YOY
Aug
65
Sep Oct Nov
Properties For Sale
-24.4% ∆ YOY
Dec
$487 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$523,990
$459,999
$489,472
$487,500
-7.0%
Average Price per Square Foot
$243
$229
$255
$258
6.2%
Properties Sold
13
15
22
6
-53.8%
Properties Pending Sale
10
12
20
11
10.0%
Properties For Sale
86
74
82
65
-24.4%
Days on Market (Pending Sale)
71
32
29
37
-48.3%
Percent Under Contract
11.6%
16.2%
24.4%
16.9%
45.5%
Average Median Price for Last 12 Months
$432,749
$490,925
$484,810
$474,565
8.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Coachella Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
164
Micro Market Report : December 2023
Corona Single Family Residences, December 2023
Current Market Snapshot
$745,000 Median Sales Price
$348 Average $/SF
$672
Dec Jan
10.8% ∆ YOY
Feb Mar Apr May Jun Jul
10.5% ∆ YOY
Aug
127
Sep Oct Nov
Properties For Sale
-31.0% ∆ YOY
Dec
$745 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$672,500
$745,000
$770,000
$745,000
10.8%
Average Price per Square Foot
$315
$338
$315
$348
10.5%
Properties Sold
28
46
41
25
-10.7%
Properties Pending Sale
31
37
37
28
-9.7%
Properties For Sale
184
148
146
127
-31.0%
Days on Market (Pending Sale)
41
18
38
47
16.9%
Percent Under Contract
16.8%
25.0%
25.3%
22.0%
30.9%
Average Median Price for Last 12 Months
$729,790
$752,816
$751,966
$727,453
-0.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Corona Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
165
Desert Hot Springs Single Family Residences, December 2023
Current Market Snapshot
$392,500 Median Sales Price
$252 Average $/SF
$370
Dec Jan Feb
6.1% ∆ YOY
Mar Apr May Jun Jul
0.4% ∆ YOY
Aug
313
Sep Oct Nov
Properties For Sale
-7.4% ∆ YOY
Dec
$392 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$370,000
$407,000
$392,500
$392,500
6.1%
Average Price per Square Foot
$251
$272
$257
$252
0.4%
Properties Sold
33
49
48
28
-15.2%
Properties Pending Sale
25
47
45
43
72.0%
Properties For Sale
338
317
285
313
-7.4%
Days on Market (Pending Sale)
55
53
58
37
-31.9%
Percent Under Contract
7.4%
14.8%
15.8%
13.7%
85.7%
Average Median Price for Last 12 Months
$391,292
$394,908
$399,000
$387,612
-0.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Desert Hot Springs Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
166
Micro Market Report : December 2023
Indian Wells Single Family Residences, December 2023
Current Market Snapshot
$1,746,021 Median Sales Price
$553
Average $/SF
$1.360
Dec Jan
28.4% ∆ YOY
Feb Mar Apr May Jun Jul
2.4% ∆ YOY
Aug
104
Sep Oct Nov
Properties For Sale
-10.3% ∆ YOY
Dec
$1.746 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$1,360,000
$1,350,000
$1,350,000
$1,746,021
28.4%
Average Price per Square Foot
$540
$508
$539
$553
2.4%
Properties Sold
17
15
12
10
-41.2%
Properties Pending Sale
18
11
13
21
16.7%
Properties For Sale
116
103
91
104
-10.3%
Days on Market (Pending Sale)
47
40
59
83
75.9%
Percent Under Contract
15.5%
10.7%
14.3%
20.2%
30.1%
Average Median Price for Last 12 Months
$1,417,708
$1,563,493
$1,622,572
$1,468,497
3.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Indian Wells Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
167
Indio Single Family Residences, December 2023
Current Market Snapshot
$532,500 Median Sales Price
$283 Average $/SF
$512
Dec Jan Feb
3.9% ∆ YOY
Mar Apr May Jun Jul
1.8% ∆ YOY
Aug
401
Sep Oct Nov
Properties For Sale
-19.5% ∆ YOY
Dec
$532 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$512,500
$537,390
$521,876
$532,500
3.9%
Average Price per Square Foot
$278
$284
$287
$283
1.8%
Properties Sold
48
77
59
64
33.3%
Properties Pending Sale
53
78
57
76
43.4%
Properties For Sale
498
458
472
401
-19.5%
Days on Market (Pending Sale)
75
55
54
54
-27.2%
Percent Under Contract
10.6%
17.0%
12.1%
19.0%
78.1%
Average Median Price for Last 12 Months
$544,168
$536,798
$538,554
$535,987
-1.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Indio Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
168
Micro Market Report : December 2023
La Quinta Single Family Residences, December 2023
Current Market Snapshot
$775,000 Median Sales Price
$418
Average $/SF
$799
Dec Jan
-3.0% ∆ YOY
Feb Mar Apr May Jun Jul
2.7% ∆ YOY
Aug
478
Sep Oct Nov
Properties For Sale
-14.8% ∆ YOY
Dec
$775 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$799,000
$815,000
$985,000
$775,000
-3.0%
Average Price per Square Foot
$407
$576
$568
$418
2.7%
Properties Sold
41
101
49
63
53.7%
Properties Pending Sale
37
88
64
85
129.7%
Properties For Sale
561
538
476
478
-14.8%
Days on Market (Pending Sale)
56
62
67
60
6.9%
Percent Under Contract
6.6%
16.4%
13.4%
17.8%
169.6%
Average Median Price for Last 12 Months
$816,370
$852,208
$796,667
$862,096
5.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in La Quinta Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
169
Menifee Single Family Residences, December 2023
Current Market Snapshot
$565,000 Median Sales Price
$267
Average $/SF
$539
Dec Jan Feb
4.6% ∆ YOY
Mar Apr May Jun Jul
5.1% ∆ YOY
Aug
372
Sep Oct Nov
Properties For Sale
-39.6% ∆ YOY
Dec
$565 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$539,900
$589,950
$572,000
$565,000
4.6%
Average Price per Square Foot
$254
$266
$275
$267
5.1%
Properties Sold
123
142
104
97
-21.1%
Properties Pending Sale
109
123
114
103
-5.5%
Properties For Sale
616
443
444
372
-39.6%
Days on Market (Pending Sale)
59
37
41
46
-22.3%
Percent Under Contract
17.7%
27.8%
25.7%
27.7%
56.5%
Average Median Price for Last 12 Months
$566,652
$566,471
$569,776
$558,205
-1.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Menifee Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
170
Micro Market Report : December 2023
Murrieta Single Family Residences, December 2023
Current Market Snapshot
$691,500 Median Sales Price
$292 Average $/SF
$620
Dec Jan Feb
11.5% ∆ YOY
Mar Apr May Jun Jul
7.0% ∆ YOY
Aug
311
Sep Oct Nov
Properties For Sale
-38.2% ∆ YOY
Dec
$691 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$620,000
$677,500
$663,000
$691,500
11.5%
Average Price per Square Foot
$273
$286
$296
$292
7.0%
Properties Sold
85
122
92
72
-15.3%
Properties Pending Sale
78
124
92
67
-14.1%
Properties For Sale
503
426
394
311
-38.2%
Days on Market (Pending Sale)
64
24
27
45
-29.5%
Percent Under Contract
15.5%
29.1%
23.4%
21.5%
38.9%
Average Median Price for Last 12 Months
$657,043
$673,583
$668,833
$660,291
0.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Murrieta Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
171
Palm Desert Single Family Residences, December 2023
Current Market Snapshot
$627,500 Median Sales Price
$402 Average $/SF
$580
Dec Jan Feb
8.0% ∆ YOY
Mar Apr May Jun Jul
12.0% ∆ YOY
Aug
444
Sep Oct Nov
Properties For Sale
-9.6% ∆ YOY
Dec
$627 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$580,775
$675,000
$573,750
$627,500
8.0%
Average Price per Square Foot
$359
$362
$369
$402
12.0%
Properties Sold
54
109
52
62
14.8%
Properties Pending Sale
55
94
45
78
41.8%
Properties For Sale
491
460
391
444
-9.6%
Days on Market (Pending Sale)
64
59
50
52
-18.4%
Percent Under Contract
11.2%
20.4%
11.5%
17.6%
56.8%
Average Median Price for Last 12 Months
$669,648
$631,125
$638,333
$649,713
-3.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Palm Desert Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
172
Micro Market Report : December 2023
Palm Springs Single Family Residences, December 2023
Current Market Snapshot
$975,000 Median Sales Price
$629 Average $/SF
$1.043
Dec Jan
-6.6% ∆ YOY
Feb Mar Apr May Jun Jul
24.6% ∆ YOY
Aug
645
Sep Oct Nov
Properties For Sale
5.0% ∆ YOY
Dec
$975 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$1,043,977
$1,175,000
$1,265,000
$975,000
-6.6%
Average Price per Square Foot
$505
$605
$598
$629
24.6%
Properties Sold
40
72
39
41
2.5%
Properties Pending Sale
33
63
30
60
81.8%
Properties For Sale
614
637
593
645
5.0%
Days on Market (Pending Sale)
57
77
53
69
20.8%
Percent Under Contract
5.4%
9.9%
5.1%
9.3%
73.1%
Average Median Price for Last 12 Months
$1,148,258
$1,174,167
$1,123,333
$1,173,596
2.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Palm Springs Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
173
Rancho Mirage Single Family Residences, December 2023
Current Market Snapshot
$1,200,000 Median Sales Price
$467 Average $/SF
$1.103
Dec Jan Feb
8.8% ∆ YOY
Mar Apr May Jun Jul
3.1% ∆ YOY
Aug
324
Sep Oct Nov
Properties For Sale
9.8% ∆ YOY
Dec
$1.200 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$1,103,000
$1,005,000
$1,115,000
$1,200,000
8.8%
Average Price per Square Foot
$453
$472
$461
$467
3.1%
Properties Sold
31
46
30
31
0.0%
Properties Pending Sale
30
43
37
39
30.0%
Properties For Sale
295
304
299
324
9.8%
Days on Market (Pending Sale)
68
66
51
71
4.6%
Percent Under Contract
10.2%
14.1%
12.4%
12.0%
18.4%
Average Median Price for Last 12 Months
$1,160,878
$1,066,280
$1,045,059
$1,123,506
-3.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Rancho Mirage Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
174
Micro Market Report : December 2023
Temecula Single Family Residences, December 2023
Current Market Snapshot
$760,000 Median Sales Price
$342 Average $/SF
$695
Dec Jan Feb
9.4% ∆ YOY
Mar Apr May Jun Jul
5.9% ∆ YOY
Aug
274
Sep Oct Nov
Properties For Sale
-37.6% ∆ YOY
Dec
$760 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$695,000
$745,500
$770,000
$760,000
9.4%
Average Price per Square Foot
$323
$349
$354
$342
5.9%
Properties Sold
94
138
78
77
-18.1%
Properties Pending Sale
81
102
93
67
-17.3%
Properties For Sale
439
394
366
274
-37.6%
Days on Market (Pending Sale)
53
26
25
42
-19.7%
Percent Under Contract
18.5%
25.9%
25.4%
24.5%
32.5%
Average Median Price for Last 12 Months
$724,626
$753,750
$766,000
$727,654
0.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Temecula Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
175
Thousand Palms Single Family Residences, December 2023
Current Market Snapshot
$285,000 Median Sales Price
$239 Average $/SF
Dec Jan Feb
n/a ∆ YOY
Mar Apr May Jun Jul
n/a ∆ YOY
Aug
27
Sep Oct Nov
Properties For Sale
17.4% ∆ YOY
Dec
$285 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$0
$0
$389,000
$285,000
n/a
Average Price per Square Foot
$0
$0
$232
$239
n/a
Properties Sold
0
0
3
3
n/a
Properties Pending Sale
2
1
2
2
0.0%
Properties For Sale
23
20
26
27
17.4%
Days on Market (Pending Sale)
37
10
117
53
41.9%
Percent Under Contract
8.7%
5.0%
7.7%
7.4%
-14.8%
Average Median Price for Last 12 Months
$290,083
$376,167
$302,667
$306,942
5.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Thousand Palms Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
176
Micro Market Report : December 2023
San Diego County Single Family Residences San Diego Macro
Lemon Grove
Bay Park / Old Town / Midway District
National City
Carlsbad
Ocean Beach
Carmel Valley
Oceanside
Chula Vista
Pacific & Mission Beach
Clairemont / Bay Ho / Bay Park
Poway
Coronado
Rancho Bernardo
Del Mar
San Marcos
El Cajon
San Diego
Encinitas
Santee
Escondido
Solana Beach
Imperial Beach
Spring Valley
La Jolla
Vista
La Mesa Linda Vista / Clairemont Mesa East
178
Micro Market Report : December 2023
San Diego County
Country
United States
At a Glance
State
California
Region
California Central Coast
Formed
1850
County seat
San Diego
Largest City (Area)
San Diego
Largest City (Population)
San Diego
Incorporated Cities
18
Area Total
4,261 mi2 (11,036 km2)
Land
3,942 mi2 (10,210 km2)
Water
319 mi2 (830 km2)
Highest Elevation
6,536 ft (1,992 m)
Population Total
3,298,634
Density
837/mi2 (323/km2)
GDP
$268 Billion
Micro Market Report : December 2023
179
San Diego County Single Family Residences, December 2023
Current Market Snapshot
$955,000 Median Sales Price
$620 Average $/SF
$867
Dec Jan
10.0% ∆ YOY
Feb Mar Apr May Jun Jul
13.8% ∆ YOY
Aug
10,701
Properties For Sale
Sep Oct Nov
32.9% ∆ YOY
Dec
$955 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$867,950
$1,000,000
$1,015,000
$955,000
10.0%
Average Price per Square Foot
$545
$620
$634
$620
13.8%
Properties Sold
1022
1220
986
792
-22.5%
Properties Pending Sale
919
1262
1026
826
-10.1%
Properties For Sale
8,053
9,854
10,518
10,701
32.9%
Days on Market (Pending Sale)
47
27
31
41
-13.5%
Percent Under Contract
11.4%
12.8%
9.8%
7.7%
-32.4%
Average Median Price for Last 12 Months
$933,278
$992,651
$971,635
$959,634
2.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in San Diego County Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
180
Micro Market Report : December 2023
Bay Park/Old Town/Midway District Single Family Residences, December 2023
Current Market Snapshot
$1,150,000 Median Sales Price
$834 Average $/SF
$1.010
Dec Jan
13.9% ∆ YOY
Feb Mar Apr May Jun Jul
46.6% ∆ YOY
Aug
80
Sep Oct Nov
Properties For Sale
50.9% ∆ YOY
Dec
$1.150 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$1,010,000
$1,575,000
$1,587,850
$1,150,000
13.9%
Average Price per Square Foot
$569
$814
$803
$834
46.6%
Properties Sold
4
10
4
3
-25.0%
Properties Pending Sale
3
17
2
7
133.3%
Properties For Sale
53
81
77
80
50.9%
Days on Market (Pending Sale)
29
34
30
24
-16.3%
Percent Under Contract
5.7%
21.0%
2.6%
8.8%
54.6%
Average Median Price for Last 12 Months
$1,398,333
$1,357,975
$1,340,000
$1,232,623
-11.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Bay Park/Old Town/Midway District Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
181
Carlsbad Single Family Residences, December 2023
Current Market Snapshot
$1,892,450 Median Sales Price
$976
Average $/SF
$1.585
Dec Jan
19.4% ∆ YOY
Feb Mar Apr May Jun Jul
38.0% ∆ YOY
Aug
435
Sep Oct Nov
Properties For Sale
50.0% ∆ YOY
Dec
$1.892 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$1,585,000
$1,700,000
$1,632,500
$1,892,450
19.4%
Average Price per Square Foot
$707
$715
$677
$976
38.0%
Properties Sold
27
56
48
24
-11.1%
Properties Pending Sale
26
73
36
31
19.2%
Properties For Sale
290
427
426
435
50.0%
Days on Market (Pending Sale)
42
31
39
34
-19.4%
Percent Under Contract
9.0%
17.1%
8.5%
7.1%
-20.5%
Average Median Price for Last 12 Months
$1,745,208
$1,692,033
$1,747,483
$1,663,614
-4.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Carlsbad Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
182
Micro Market Report : December 2023
Carmel Valley Single Family Residences, December 2023
Current Market Snapshot
$2,160,000 Median Sales Price
$788 Average $/SF
$2.100
Dec Jan Feb
2.9% ∆ YOY
Mar Apr May Jun Jul
11.9% ∆ YOY
Aug
196
Sep Oct Nov
Properties For Sale
51.9% ∆ YOY
Dec
$2.160 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$2,100,000
$2,215,000
$2,643,500
$2,160,000
2.9%
Average Price per Square Foot
$704
$780
$817
$788
11.9%
Properties Sold
16
17
14
8
-50.0%
Properties Pending Sale
13
15
20
7
-46.2%
Properties For Sale
129
187
204
196
51.9%
Days on Market (Pending Sale)
52
31
25
50
-5.2%
Percent Under Contract
10.1%
8.0%
9.8%
3.6%
-64.6%
Average Median Price for Last 12 Months
$2,301,622
$2,302,667
$2,199,167
$2,238,496
-2.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Carmel Valley Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
183
Chula Vista Single Family Residences, December 2023
Current Market Snapshot
$900,000 Median Sales Price
$485 Average $/SF
$844
Dec Jan Feb
6.6% ∆ YOY
Mar Apr May Jun Jul
16.9% ∆ YOY
Aug
535
Sep Oct Nov
Properties For Sale
21.0% ∆ YOY
Dec
$900 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$844,250
$878,000
$861,500
$900,000
6.6%
Average Price per Square Foot
$415
$447
$450
$485
16.9%
Properties Sold
68
62
56
48
-29.4%
Properties Pending Sale
46
66
60
45
-2.2%
Properties For Sale
442
510
533
535
21.0%
Days on Market (Pending Sale)
47
22
27
41
-13.9%
Percent Under Contract
10.4%
12.9%
11.3%
8.4%
-19.2%
Average Median Price for Last 12 Months
$843,138
$875,250
$878,333
$859,712
2.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Chula Vista Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
184
Micro Market Report : December 2023
Clairemont/Bay Ho/Bay Park Single Family Residences, December 2023
Current Market Snapshot
$1,130,000 Median Sales Price
$743
Average $/SF
$1.000
Dec Jan
13.0% ∆ YOY
Feb Mar Apr May Jun Jul
15.0% ∆ YOY
Aug
182
Sep Oct Nov
Properties For Sale
49.2% ∆ YOY
Dec
$1.130 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$1,000,000
$1,185,000
$1,078,310
$1,130,000
13.0%
Average Price per Square Foot
$646
$727
$719
$743
15.0%
Properties Sold
17
28
15
18
5.9%
Properties Pending Sale
17
35
13
17
0.0%
Properties For Sale
122
160
172
182
49.2%
Days on Market (Pending Sale)
35
19
22
31
-11.8%
Percent Under Contract
13.9%
21.9%
7.6%
9.3%
-33.0%
Average Median Price for Last 12 Months
$1,071,500
$1,105,885
$1,108,333
$1,070,908
-0.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Clairemont/Bay Ho/Bay Park Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
185
Coronado Single Family Residences, December 2023
Current Market Snapshot
$3,700,043 Median Sales Price
$1,516 Average $/SF
$2.165
Dec Jan
70.9% ∆ YOY
Feb Mar Apr May Jun Jul
6.8% ∆ YOY
Aug
148
Sep Oct Nov
Properties For Sale
102.7% ∆ YOY
Dec
$3.700 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$2,165,500
$3,900,863
$4,162,500
$3,700,043
70.9%
Average Price per Square Foot
$1,420
$1,650
$1,444
$1,516
6.8%
Properties Sold
5
6
8
7
40.0%
Properties Pending Sale
8
8
3
11
37.5%
Properties For Sale
73
99
121
148
102.7%
Days on Market (Pending Sale)
42
25
51
71
67.8%
Percent Under Contract
11.0%
8.1%
2.5%
7.4%
-32.2%
Average Median Price for Last 12 Months
$3,071,250
$3,697,007
$3,875,014
$3,370,300
9.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Coronado Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
186
Micro Market Report : December 2023
Del Mar Single Family Residences, December 2023
Current Market Snapshot
$1,980,000 Median Sales Price
Jan
-53.9% ∆ YOY
Feb Mar Apr
$1,129 Average $/SF
$4.297
Dec
May Jun Jul
-15.2% ∆ YOY
Aug
135
Sep Oct Nov
Properties For Sale
55.2% ∆ YOY
Dec
$1.980 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$4,297,500
$2,707,500
$3,287,500
$1,980,000
-53.9%
Average Price per Square Foot
$1,331
$1,544
$1,334
$1,129
-15.2%
Properties Sold
4
8
12
3
-25.0%
Properties Pending Sale
7
10
7
3
-57.1%
Properties For Sale
87
110
126
135
55.2%
Days on Market (Pending Sale)
63
47
40
60
-4.7%
Percent Under Contract
8.0%
9.1%
5.6%
2.2%
-72.4%
Average Median Price for Last 12 Months
$3,235,250
$3,180,000
$2,451,667
$3,064,782
-5.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Del Mar Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
187
El Cajon Single Family Residences, December 2023
Current Market Snapshot
$826,000 Median Sales Price
$485 Average $/SF
$774
Dec Jan Feb
6.7% ∆ YOY
Mar Apr May Jun Jul
18.9% ∆ YOY
Aug
517
Sep Oct Nov
Properties For Sale
33.6% ∆ YOY
Dec
$826 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$774,000
$800,000
$925,000
$826,000
6.7%
Average Price per Square Foot
$408
$459
$479
$485
18.9%
Properties Sold
57
53
47
42
-26.3%
Properties Pending Sale
47
69
54
46
-2.1%
Properties For Sale
387
472
492
517
33.6%
Days on Market (Pending Sale)
48
27
29
39
-18.7%
Percent Under Contract
12.1%
14.6%
11.0%
8.9%
-26.7%
Average Median Price for Last 12 Months
$791,264
$856,458
$835,417
$814,065
2.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in El Cajon Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
188
Micro Market Report : December 2023
Encinitas Single Family Residences, December 2023
Current Market Snapshot
$1,943,000 Median Sales Price
Jan
11.0% ∆ YOY
Feb Mar Apr
$1,004 Average $/SF
$1.750
Dec
May Jun Jul
6.5% ∆ YOY
Aug
221
Sep Oct Nov
Properties For Sale
52.4% ∆ YOY
Dec
$1.943 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$1,750,000
$2,550,000
$2,588,000
$1,943,000
11.0%
Average Price per Square Foot
$943
$1,216
$1,040
$1,004
6.5%
Properties Sold
19
23
19
9
-52.6%
Properties Pending Sale
14
23
20
12
-14.3%
Properties For Sale
145
204
228
221
52.4%
Days on Market (Pending Sale)
66
37
58
90
37.5%
Percent Under Contract
9.7%
11.3%
8.8%
5.4%
-43.8%
Average Median Price for Last 12 Months
$2,179,916
$2,094,417
$1,992,333
$2,104,889
-3.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Encinitas Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
189
Escondido Single Family Residences, December 2023
Current Market Snapshot
$849,950 Median Sales Price
$573
Average $/SF
$799
Dec Jan Feb
6.3% ∆ YOY
Mar Apr May Jun Jul
41.1% ∆ YOY
Aug
644
Sep Oct Nov
Properties For Sale
17.9% ∆ YOY
Dec
$849 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$799,500
$852,500
$905,000
$849,950
6.3%
Average Price per Square Foot
$406
$469
$471
$573
41.1%
Properties Sold
68
84
66
42
-38.2%
Properties Pending Sale
71
91
71
50
-29.6%
Properties For Sale
546
648
665
644
17.9%
Days on Market (Pending Sale)
49
31
29
47
-4.5%
Percent Under Contract
13.0%
14.0%
10.7%
7.8%
-40.3%
Average Median Price for Last 12 Months
$853,292
$897,858
$898,150
$868,996
1.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Escondido Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
190
Micro Market Report : December 2023
Imperial-Beach Single Family Residences, December 2023
Current Market Snapshot
$1,075,000 Median Sales Price
$533 Average $/SF
$780
Dec Jan
37.8% ∆ YOY
Feb Mar Apr May Jun Jul
-16.8% ∆ YOY
Aug
103
Sep Oct Nov
Properties For Sale
94.3% ∆ YOY
Dec
$1.075 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$780,000
$900,000
$875,000
$1,075,000
37.8%
Average Price per Square Foot
$641
$864
$555
$533
-16.8%
Properties Sold
10
7
3
5
-50.0%
Properties Pending Sale
6
7
7
6
0.0%
Properties For Sale
53
64
91
103
94.3%
Days on Market (Pending Sale)
59
53
46
49
-16.2%
Percent Under Contract
11.3%
10.9%
7.7%
5.8%
-48.5%
Average Median Price for Last 12 Months
$863,711
$959,492
$936,667
$885,642
2.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Imperial-Beach Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
191
La Jolla Single Family Residences, December 2023
Current Market Snapshot
$3,182,500 Median Sales Price
Jan Feb
3.6% ∆ YOY
Mar Apr
$1,437 Average $/SF
$3.072
Dec
May Jun Jul
7.0% ∆ YOY
Aug
365
Sep Oct Nov
Properties For Sale
68.2% ∆ YOY
Dec
$3.182 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$3,072,550
$3,282,280
$2,775,000
$3,182,500
3.6%
Average Price per Square Foot
$1,343
$1,203
$1,179
$1,437
7.0%
Properties Sold
11
20
19
12
9.1%
Properties Pending Sale
9
18
21
16
77.8%
Properties For Sale
217
313
336
365
68.2%
Days on Market (Pending Sale)
79
37
51
67
-15.6%
Percent Under Contract
4.1%
5.8%
6.2%
4.4%
5.7%
Average Median Price for Last 12 Months
$3,401,400
$3,374,750
$3,572,500
$3,290,567
-3.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in La Jolla Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
192
Micro Market Report : December 2023
La Mesa Single Family Residences, December 2023
Current Market Snapshot
$1,010,000 Median Sales Price
$480 Average $/SF
$840
Dec Jan
20.2% ∆ YOY
Feb Mar Apr May Jun Jul
1.9% ∆ YOY
Aug
279
Sep Oct Nov
Properties For Sale
12.0% ∆ YOY
Dec
$1.010 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$840,000
$870,000
$930,000
$1,010,000
20.2%
Average Price per Square Foot
$471
$563
$482
$480
1.9%
Properties Sold
35
33
27
21
-40.0%
Properties Pending Sale
35
28
33
24
-31.4%
Properties For Sale
249
264
285
279
12.0%
Days on Market (Pending Sale)
34
21
23
29
-16.3%
Percent Under Contract
14.1%
10.6%
11.6%
8.6%
-38.8%
Average Median Price for Last 12 Months
$885,435
$955,375
$960,917
$910,635
2.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in La Mesa Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
193
Linda Vista/Clairemont Mesa East Single Family Residences, December 2023
Current Market Snapshot
$900,000 Median Sales Price
$694 Average $/SF
$955
Dec Jan
-5.8% ∆ YOY
Feb Mar Apr May Jun Jul
8.3% ∆ YOY
Aug
93
Sep Oct Nov
Properties For Sale
8.1% ∆ YOY
Dec
$900 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$955,000
$930,000
$971,100
$900,000
-5.8%
Average Price per Square Foot
$641
$646
$696
$694
8.3%
Properties Sold
8
15
18
11
37.5%
Properties Pending Sale
13
23
14
8
-38.5%
Properties For Sale
86
95
102
93
8.1%
Days on Market (Pending Sale)
55
17
17
48
-13.0%
Percent Under Contract
15.1%
24.2%
13.7%
8.6%
-43.1%
Average Median Price for Last 12 Months
$984,129
$993,183
$996,000
$977,238
-0.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Linda Vista/Clairemont Mesa East Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
194
Micro Market Report : December 2023
Lemon Grove Single Family Residences, December 2023
Current Market Snapshot
$700,000 Median Sales Price
$483 Average $/SF
$632
Dec Jan
10.7% ∆ YOY
Feb Mar Apr May Jun Jul
-3.2% ∆ YOY
Aug
81
Sep Oct Nov
Properties For Sale
24.6% ∆ YOY
Dec
$700 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$632,500
$694,500
$689,000
$700,000
10.7%
Average Price per Square Foot
$499
$517
$587
$483
-3.2%
Properties Sold
8
12
15
11
37.5%
Properties Pending Sale
8
7
14
15
87.5%
Properties For Sale
65
64
82
81
24.6%
Days on Market (Pending Sale)
49
13
18
23
-53.1%
Percent Under Contract
12.3%
10.9%
17.1%
18.5%
50.5%
Average Median Price for Last 12 Months
$708,021
$706,583
$721,000
$686,577
-3.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Lemon Grove Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
195
National City Single Family Residences, December 2023
Current Market Snapshot
$690,000 Median Sales Price
$488 Average $/SF
$621
Dec Jan Feb
11.1% ∆ YOY
Mar Apr May Jun Jul
-1.8% ∆ YOY
Aug
79
Sep Oct Nov
Properties For Sale
8.2% ∆ YOY
Dec
$690 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$621,000
$630,000
$700,000
$690,000
11.1%
Average Price per Square Foot
$497
$509
$559
$488
-1.8%
Properties Sold
12
13
9
3
-75.0%
Properties Pending Sale
7
18
11
5
-28.6%
Properties For Sale
73
91
87
79
8.2%
Days on Market (Pending Sale)
38
63
30
16
-57.0%
Percent Under Contract
9.6%
19.8%
12.6%
6.3%
-34.0%
Average Median Price for Last 12 Months
$658,417
$698,250
$690,833
$658,692
0.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in National City Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
196
Micro Market Report : December 2023
Ocean Beach Single Family Residences, December 2023
Current Market Snapshot
$1,765,000 Median Sales Price
Jan Feb
12.1% ∆ YOY
Mar Apr
$1,397 Average $/SF
$1.575
Dec
May Jun Jul
34.5% ∆ YOY
Aug
102
Sep Oct Nov
Properties For Sale
78.9% ∆ YOY
Dec
$1.765 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$1,575,000
$2,121,290
$2,400,000
$1,765,000
12.1%
Average Price per Square Foot
$1,039
$1,058
$1,122
$1,397
34.5%
Properties Sold
7
9
5
5
-28.6%
Properties Pending Sale
9
6
4
5
-44.4%
Properties For Sale
57
79
82
102
78.9%
Days on Market (Pending Sale)
39
39
20
68
75.9%
Percent Under Contract
15.8%
7.6%
4.9%
4.9%
-69.0%
Average Median Price for Last 12 Months
$1,560,564
$2,067,492
$1,859,150
$1,925,572
23.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Ocean Beach Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
197
Oceanside Single Family Residences, December 2023
Current Market Snapshot
$934,500 Median Sales Price
$588 Average $/SF
$865
Dec Jan Feb
8.0% ∆ YOY
Mar Apr May Jun Jul
24.3% ∆ YOY
Aug
486
Sep Oct Nov
Properties For Sale
29.6% ∆ YOY
Dec
$934 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$865,500
$905,000
$945,000
$934,500
8.0%
Average Price per Square Foot
$473
$517
$530
$588
24.3%
Properties Sold
64
73
62
54
-15.6%
Properties Pending Sale
44
64
55
43
-2.3%
Properties For Sale
375
464
489
486
29.6%
Days on Market (Pending Sale)
45
21
30
55
22.5%
Percent Under Contract
11.7%
13.8%
11.2%
8.8%
-24.6%
Average Median Price for Last 12 Months
$884,250
$919,167
$923,333
$895,038
1.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Oceanside Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
198
Micro Market Report : December 2023
Pacific & Mission Beach Single Family Residences, December 2023
Current Market Snapshot
$2,105,000 Median Sales Price
Jan Feb
4.7% ∆ YOY
Mar Apr
$1,123 Average $/SF
$2.011
Dec
May Jun Jul
9.8% ∆ YOY
Aug
159
Sep Oct Nov
Properties For Sale
71.0% ∆ YOY
Dec
$2.105 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$2,011,000
$2,325,000
$2,262,500
$2,105,000
4.7%
Average Price per Square Foot
$1,023
$1,044
$1,045
$1,123
9.8%
Properties Sold
10
9
8
10
0.0%
Properties Pending Sale
5
10
12
11
120.0%
Properties For Sale
93
135
149
159
71.0%
Days on Market (Pending Sale)
34
13
31
52
51.0%
Percent Under Contract
5.4%
7.4%
8.1%
6.9%
28.7%
Average Median Price for Last 12 Months
$1,890,833
$2,140,833
$2,052,500
$2,030,915
7.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Pacific & Mission Beach Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
199
Poway Single Family Residences, December 2023
Current Market Snapshot
$1,195,000 Median Sales Price
$621
Average $/SF
$1.171
Dec Jan Feb
2.0% ∆ YOY
Mar Apr May Jun Jul
9.7% ∆ YOY
Aug
242
Sep Oct Nov
Properties For Sale
32.2% ∆ YOY
Dec
$1.195 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$1,171,000
$1,299,950
$1,300,000
$1,195,000
2.0%
Average Price per Square Foot
$566
$581
$591
$621
9.7%
Properties Sold
17
34
17
18
5.9%
Properties Pending Sale
17
31
27
18
5.9%
Properties For Sale
183
230
251
242
32.2%
Days on Market (Pending Sale)
49
21
33
26
-46.8%
Percent Under Contract
9.3%
13.5%
10.8%
7.4%
-19.9%
Average Median Price for Last 12 Months
$1,172,167
$1,283,667
$1,260,000
$1,216,650
3.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Poway Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
200
Micro Market Report : December 2023
Rancho Bernardo Single Family Residences, December 2023
Current Market Snapshot
$1,275,000 Median Sales Price
$628 Average $/SF
$1.225
Dec Jan Feb
4.1% ∆ YOY
Mar Apr May Jun Jul
13.8% ∆ YOY
Aug
427
Sep Oct Nov
Properties For Sale
18.9% ∆ YOY
Dec
$1.275 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$1,225,000
$1,475,000
$1,266,250
$1,275,000
4.1%
Average Price per Square Foot
$552
$662
$645
$628
13.8%
Properties Sold
37
61
48
33
-10.8%
Properties Pending Sale
43
46
43
25
-41.9%
Properties For Sale
359
415
421
427
18.9%
Days on Market (Pending Sale)
45
25
33
31
-31.8%
Percent Under Contract
12.0%
11.1%
10.2%
5.9%
-51.1%
Average Median Price for Last 12 Months
$1,329,583
$1,325,097
$1,334,611
$1,288,891
-3.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Rancho Bernardo Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
201
Rancho Santa Fe Single Family Residences, December 2023
Current Market Snapshot
$4,465,000 Median Sales Price
$827 Average $/SF
$4.037
Dec Jan
10.6% ∆ YOY
Feb Mar Apr May Jun Jul
7.3% ∆ YOY
Aug
269
Sep Oct Nov
Properties For Sale
57.3% ∆ YOY
Dec
$4.465 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$4,037,500
$4,500,000
$5,437,500
$4,465,000
10.6%
Average Price per Square Foot
$771
$944
$956
$827
7.3%
Properties Sold
13
11
14
9
-30.8%
Properties Pending Sale
16
16
10
11
-31.2%
Properties For Sale
171
244
263
269
57.3%
Days on Market (Pending Sale)
78
58
87
48
-38.3%
Percent Under Contract
9.4%
6.6%
3.8%
4.1%
-56.3%
Average Median Price for Last 12 Months
$4,287,750
$4,781,667
$4,788,333
$4,482,115
4.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Rancho Santa Fe Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
202
Micro Market Report : December 2023
San Marcos Single Family Residences, December 2023
Current Market Snapshot
$1,125,350 Median Sales Price
$495 Average $/SF
$883
Dec Jan
27.4% ∆ YOY
Feb Mar Apr May Jun Jul
3.8% ∆ YOY
Aug
255
Sep Oct Nov
Properties For Sale
11.8% ∆ YOY
Dec
$1.125 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$883,000
$1,103,500
$1,173,045
$1,125,350
27.4%
Average Price per Square Foot
$477
$495
$493
$495
3.8%
Properties Sold
27
41
30
24
-11.1%
Properties Pending Sale
28
43
31
21
-25.0%
Properties For Sale
228
254
265
255
11.8%
Days on Market (Pending Sale)
45
26
36
32
-27.5%
Percent Under Contract
12.3%
16.9%
11.7%
8.2%
-32.9%
Average Median Price for Last 12 Months
$1,021,335
$1,119,716
$1,100,083
$1,071,177
4.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in San Marcos Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
203
San Diego Single Family Residences, December 2023
Current Market Snapshot
$1,061,800 Median Sales Price
$736 Average $/SF
$999
Dec Jan Feb
6.3% ∆ YOY
Mar Apr May Jun Jul
16.3% ∆ YOY
Aug
355
Sep Oct Nov
Properties For Sale
36.0% ∆ YOY
Dec
$1.061 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$999,000
$1,160,000
$1,049,000
$1,061,800
6.3%
Average Price per Square Foot
$633
$728
$720
$736
16.3%
Properties Sold
29
53
37
32
10.3%
Properties Pending Sale
33
75
29
32
-3.0%
Properties For Sale
261
336
351
355
36.0%
Days on Market (Pending Sale)
42
22
20
33
-20.4%
Percent Under Contract
12.6%
22.3%
8.3%
9.0%
-28.7%
Average Median Price for Last 12 Months
$1,065,833
$1,091,185
$1,089,767
$1,061,201
-0.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in San Diego Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
204
Micro Market Report : December 2023
Santee Single Family Residences, December 2023
Current Market Snapshot
$835,000 Median Sales Price
$482 Average $/SF
$730
Dec Jan
14.4% ∆ YOY
Feb Mar Apr May Jun Jul
3.4% ∆ YOY
Aug
198
Sep Oct Nov
Properties For Sale
7.6% ∆ YOY
Dec
$835 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$730,000
$817,500
$817,500
$835,000
14.4%
Average Price per Square Foot
$466
$501
$473
$482
3.4%
Properties Sold
35
28
18
21
-40.0%
Properties Pending Sale
28
19
19
20
-28.6%
Properties For Sale
184
200
189
198
7.6%
Days on Market (Pending Sale)
35
16
27
31
-9.4%
Percent Under Contract
15.2%
9.5%
10.1%
10.1%
-33.6%
Average Median Price for Last 12 Months
$786,500
$814,250
$808,500
$799,308
1.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Santee Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
205
Solana Beach Single Family Residences, December 2023
Current Market Snapshot
$3,100,000 Median Sales Price
Jan
58.6% ∆ YOY
Feb Mar Apr
$1,923 Average $/SF
$1.955
Dec
May Jun Jul
117.5% ∆ YOY
Aug
63
Sep Oct Nov
Properties For Sale
40.0% ∆ YOY
Dec
$3.100 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$1,955,000
$2,650,000
$2,830,000
$3,100,000
58.6%
Average Price per Square Foot
$884
$1,524
$1,006
$1,923
117.5%
Properties Sold
6
7
5
1
-83.3%
Properties Pending Sale
2
4
6
1
-50.0%
Properties For Sale
45
69
66
63
40.0%
Days on Market (Pending Sale)
77
81
77
9
-88.3%
Percent Under Contract
4.4%
5.8%
9.1%
1.6%
-64.3%
Average Median Price for Last 12 Months
$2,852,083
$3,005,667
$2,722,500
$2,915,288
2.2%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Solana Beach Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
206
Micro Market Report : December 2023
Spring Valley Single Family Residences, December 2023
Current Market Snapshot
$730,500 Median Sales Price
$461
Average $/SF
$676
Dec Jan Feb
8.1% ∆ YOY
Mar Apr May Jun Jul
1.8% ∆ YOY
Aug
246
Sep Oct Nov
Properties For Sale
16.6% ∆ YOY
Dec
$730 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$676,000
$766,000
$795,000
$730,500
8.1%
Average Price per Square Foot
$453
$470
$433
$461
1.8%
Properties Sold
28
33
20
22
-21.4%
Properties Pending Sale
30
30
26
26
-13.3%
Properties For Sale
211
229
243
246
16.6%
Days on Market (Pending Sale)
46
18
26
23
-50.7%
Percent Under Contract
14.2%
13.1%
10.7%
10.6%
-25.7%
Average Median Price for Last 12 Months
$728,458
$761,917
$749,667
$738,885
1.4%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Spring Valley Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
207
Vista Single Family Residences, December 2023
Current Market Snapshot
$842,500 Median Sales Price
$470 Average $/SF
$828
Dec Jan Feb
1.7% ∆ YOY
Mar Apr May Jun Jul
6.3% ∆ YOY
Aug
383
Sep Oct Nov
Properties For Sale
33.9% ∆ YOY
Dec
$842 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$828,750
$922,000
$955,000
$842,500
1.7%
Average Price per Square Foot
$442
$473
$477
$470
6.3%
Properties Sold
30
41
36
44
46.7%
Properties Pending Sale
35
46
45
43
22.9%
Properties For Sale
286
364
380
383
33.9%
Days on Market (Pending Sale)
43
34
25
48
13.0%
Percent Under Contract
12.2%
12.6%
11.8%
11.2%
-8.3%
Average Median Price for Last 12 Months
$869,146
$891,500
$858,833
$880,404
1.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Vista Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
208
Micro Market Report : December 2023
Condominiums Select Areas in Multiple Counties
210
Beverly Center - Miracle Mile
Marina Del Rey
Beverly Hills
Santa Monica
Brentwood
Sherman Oaks
Culver City
Studio City
Downtown Los Angeles
Venice
Encino
West Hollywood
Malibu
West LA
Malibu Beach
Westwood - Century City
Micro Market Report : December 2023
Condominiums
Country
United States
At a Glance
State
California
Region
Multiple
Counties
Los Angeles Orange Santa Barbara Monterey
Micro Market Report : December 2023
211
Beverly Center - Miracle Mile Condominiums, December 2023
Current Market Snapshot
$670,000 Median Sales Price
$851
Average $/SF
$866
Dec Jan
-22.7% ∆ YOY
Feb Mar Apr May Jun Jul
31.1% ∆ YOY
Aug
61
Sep Oct Nov
Properties For Sale
3.4% ∆ YOY
Dec
$670 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$866,500
$880,000
$1,295,000
$670,000
-22.7%
Average Price per Square Foot
$649
$1,394
$1,252
$851
31.1%
Properties Sold
6
9
5
7
16.7%
Properties Pending Sale
5
10
7
10
100.0%
Properties For Sale
59
57
72
61
3.4%
Days on Market (Pending Sale)
48
43
18
76
59.6%
Percent Under Contract
8.5%
17.5%
9.7%
16.4%
93.4%
Average Median Price for Last 12 Months
$950,708
$1,093,083
$949,000
$994,231
4.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Beverly Center - Miracle Mile Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
212
Micro Market Report : December 2023
Beverly Hills Condominiums, December 2023
Current Market Snapshot
$975,000 Median Sales Price
$721
Average $/SF
$1.325
Dec Jan
-26.4% ∆ YOY
Feb Mar Apr May Jun Jul
-67.0% ∆ YOY
Aug
65
Sep Oct Nov
Properties For Sale
22.6% ∆ YOY
Dec
$975 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$1,325,000
$2,200,000
$1,399,000
$975,000
-26.4%
Average Price per Square Foot
$2,187
$1,322
$690
$721
-67.0%
Properties Sold
3
15
4
8
166.7%
Properties Pending Sale
3
12
6
10
233.3%
Properties For Sale
53
55
70
65
22.6%
Days on Market (Pending Sale)
48
71
55
65
37.0%
Percent Under Contract
5.7%
21.8%
8.6%
15.4%
171.8%
Average Median Price for Last 12 Months
$1,503,188
$1,553,583
$1,672,500
$1,694,569
12.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Beverly Hills Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
213
Brentwood Condominiums, December 2023
Current Market Snapshot
$749,999 Median Sales Price
$712
Average $/SF
$931
Dec Jan
-19.5% ∆ YOY
Feb Mar Apr May Jun Jul
-5.9% ∆ YOY
Aug
59
Sep Oct Nov
Properties For Sale
1.7% ∆ YOY
Dec
$749 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$931,250
$974,000
$949,000
$749,999
-19.5%
Average Price per Square Foot
$757
$750
$741
$712
-5.9%
Properties Sold
10
14
11
9
-10.0%
Properties Pending Sale
5
9
8
4
-20.0%
Properties For Sale
58
51
70
59
1.7%
Days on Market (Pending Sale)
42
31
24
43
2.0%
Percent Under Contract
8.6%
17.6%
11.4%
6.8%
-21.4%
Average Median Price for Last 12 Months
$1,078,646
$910,917
$953,833
$967,827
-10.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Brentwood Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
214
Micro Market Report : December 2023
Culver City Condominiums, December 2023
Current Market Snapshot
$587,000 Median Sales Price
$667
Average $/SF
$620
Dec Jan
-5.3% ∆ YOY
Feb Mar Apr May Jun Jul
10.1% ∆ YOY
Aug
37
Sep Oct Nov
Properties For Sale
8.8% ∆ YOY
Dec
$587 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$620,000
$667,250
$644,000
$587,000
-5.3%
Average Price per Square Foot
$606
$641
$564
$667
10.1%
Properties Sold
11
12
4
12
9.1%
Properties Pending Sale
9
9
4
8
-11.1%
Properties For Sale
34
37
36
37
8.8%
Days on Market (Pending Sale)
60
16
37
52
-12.6%
Percent Under Contract
26.5%
24.3%
11.1%
21.6%
-18.3%
Average Median Price for Last 12 Months
$644,979
$654,417
$644,167
$642,053
-0.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Culver City Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
215
Downtown Condominiums, December 2023
Current Market Snapshot
$578,000 Median Sales Price
$712
Average $/SF
$570
Dec Jan Feb
1.4% ∆ YOY
Mar Apr May Jun Jul
12.1% ∆ YOY
Aug
246
Sep Oct Nov
Properties For Sale
-11.5% ∆ YOY
Dec
$578 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$570,000
$565,000
$610,000
$578,000
1.4%
Average Price per Square Foot
$635
$674
$670
$712
12.1%
Properties Sold
19
30
33
17
-10.5%
Properties Pending Sale
15
34
24
14
-6.7%
Properties For Sale
278
322
298
246
-11.5%
Days on Market (Pending Sale)
65
52
71
49
-24.1%
Percent Under Contract
5.4%
10.6%
8.1%
5.7%
5.5%
Average Median Price for Last 12 Months
$577,208
$583,667
$548,500
$572,184
-0.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Downtown Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
216
Micro Market Report : December 2023
Encino Condominiums, December 2023
Current Market Snapshot
$612,000 Median Sales Price
$479 Average $/SF
$502
Dec Jan
21.8% ∆ YOY
Feb Mar Apr May Jun Jul
20.4% ∆ YOY
Aug
30
Sep Oct Nov
Properties For Sale
-44.4% ∆ YOY
Dec
$612 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$502,500
$600,000
$698,500
$612,000
21.8%
Average Price per Square Foot
$398
$451
$421
$479
20.4%
Properties Sold
12
17
16
7
-41.7%
Properties Pending Sale
7
10
12
7
0.0%
Properties For Sale
54
42
51
30
-44.4%
Days on Market (Pending Sale)
63
19
33
70
11.9%
Percent Under Contract
13.0%
23.8%
23.5%
23.3%
80.0%
Average Median Price for Last 12 Months
$503,042
$545,917
$499,000
$510,620
1.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Encino Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
217
Malibu Condominiums, December 2023
Current Market Snapshot
No Sales Median Sales Price
Dec Jan Feb
n/a ∆ YOY
Mar Apr
No Sales Average $/SF
May Jun Jul
n/a ∆ YOY
Aug
13
Sep Oct Nov
Properties For Sale
8.3% ∆ YOY
Dec
Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$0
$1,075,000
$0
$0
n/a
Average Price per Square Foot
$0
$1,057
$0
$0
n/a
Properties Sold
0
7
0
0
n/a
Properties Pending Sale
0
6
3
2
n/a
Properties For Sale
12
17
11
13
8.3%
Days on Market (Pending Sale)
0
11
24
20
n/a
Percent Under Contract
0.0%
35.3%
27.3%
15.4%
n/a
Average Median Price for Last 12 Months
$1,269,930
$930,533
$1,039,667
$877,900
-30.9%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Malibu Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
218
Micro Market Report : December 2023
Malibu Beach Condominiums, December 2023
Current Market Snapshot
$1,135,000 Median Sales Price
$1,141 Average $/SF
$1.175
Dec Jan
-3.4% ∆ YOY
Feb Mar Apr May Jun Jul
-34.8% ∆ YOY
Aug
5
Sep Oct Nov
Properties For Sale
-16.7% ∆ YOY
Dec
$1.135 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$1,175,000
$1,025,000
$0
$1,135,000
-3.4%
Average Price per Square Foot
$1,749
$1,473
$0
$1,141
-34.8%
Properties Sold
1
1
0
1
0.0%
Properties Pending Sale
0
2
1
0
n/a
Properties For Sale
6
10
11
5
-16.7%
Days on Market (Pending Sale)
0
19
29
0
n/a
Percent Under Contract
0.0%
20.0%
9.1%
0.0%
n/a
Average Median Price for Last 12 Months
$1,098,792
$1,224,000
$2,114,667
$1,149,019
4.6%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Malibu Beach Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
219
Marina Del Rey Condominiums, December 2023
Current Market Snapshot
$935,000 Median Sales Price
$669 Average $/SF
$1.300
Dec Jan
-28.1% ∆ YOY
Feb Mar Apr May Jun Jul
-27.8% ∆ YOY
Aug
88
Sep Oct Nov
Properties For Sale
17.3% ∆ YOY
Dec
$935 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$1,300,000
$1,250,000
$1,340,000
$935,000
-28.1%
Average Price per Square Foot
$926
$760
$957
$669
-27.8%
Properties Sold
9
17
15
9
0.0%
Properties Pending Sale
11
10
11
13
18.2%
Properties For Sale
75
91
96
88
17.3%
Days on Market (Pending Sale)
33
43
28
53
59.7%
Percent Under Contract
14.7%
11.0%
11.5%
14.8%
0.7%
Average Median Price for Last 12 Months
$1,114,979
$1,168,917
$1,094,417
$1,189,176
6.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Marina Del Rey Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
220
Micro Market Report : December 2023
Santa Monica Condominiums, December 2023
Current Market Snapshot
$1,349,000 Median Sales Price
Jan
55.0% ∆ YOY
Feb Mar Apr
$1,190 Average $/SF
$870
Dec
May Jun Jul
32.2% ∆ YOY
Aug
97
Sep Oct Nov
Properties For Sale
-18.5% ∆ YOY
Dec
$1.349 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$870,500
$1,182,500
$1,040,000
$1,349,000
55.0%
Average Price per Square Foot
$900
$1,079
$1,108
$1,190
32.2%
Properties Sold
18
28
22
9
-50.0%
Properties Pending Sale
12
22
17
8
-33.3%
Properties For Sale
119
114
116
97
-18.5%
Days on Market (Pending Sale)
72
38
28
42
-41.5%
Percent Under Contract
10.1%
19.3%
14.7%
8.2%
-18.2%
Average Median Price for Last 12 Months
$1,152,458
$1,159,000
$1,188,000
$1,095,269
-5.0%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Santa Monica Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
221
Sherman Oaks Condominiums, December 2023
Current Market Snapshot
$725,000 Median Sales Price
$547
Average $/SF
$635
Dec Jan
14.2% ∆ YOY
Feb Mar Apr May Jun Jul
6.8% ∆ YOY
Aug
40
Sep Oct Nov
Properties For Sale
-21.6% ∆ YOY
Dec
$725 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$635,000
$649,000
$699,500
$725,000
14.2%
Average Price per Square Foot
$512
$552
$517
$547
6.8%
Properties Sold
13
17
8
11
-15.4%
Properties Pending Sale
10
11
8
8
-20.0%
Properties For Sale
51
48
45
40
-21.6%
Days on Market (Pending Sale)
42
18
27
47
11.2%
Percent Under Contract
19.6%
22.9%
17.8%
20.0%
2.0%
Average Median Price for Last 12 Months
$662,313
$713,042
$733,833
$677,788
2.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Sherman Oaks Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
222
Micro Market Report : December 2023
Studio City Condominiums, December 2023
Current Market Snapshot
$725,000 Median Sales Price
$652 Average $/SF
$726
Dec Jan
-0.2% ∆ YOY
Feb Mar Apr May Jun Jul
2.4% ∆ YOY
Aug
20
Sep Oct Nov
Properties For Sale
17.6% ∆ YOY
Dec
$725 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$726,500
$945,000
$940,000
$725,000
-0.2%
Average Price per Square Foot
$637
$580
$596
$652
2.4%
Properties Sold
4
5
14
2
-50.0%
Properties Pending Sale
4
6
9
4
0.0%
Properties For Sale
17
27
32
20
17.6%
Days on Market (Pending Sale)
15
9
34
50
243.1%
Percent Under Contract
23.5%
22.2%
28.1%
20.0%
-15.0%
Average Median Price for Last 12 Months
$786,792
$807,167
$801,333
$812,435
3.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Studio City Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
223
Venice Condominiums, December 2023
Current Market Snapshot
$1,300,000 Median Sales Price
$896 Average $/SF
Dec Jan Feb
n/a ∆ YOY
Mar Apr May Jun Jul
n/a ∆ YOY
Aug
10
Sep Oct Nov
Properties For Sale
42.9% ∆ YOY
Dec
$1.300 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$0
$1,050,000
$0
$1,300,000
n/a
Average Price per Square Foot
$0
$1,076
$0
$896
n/a
Properties Sold
0
1
0
1
n/a
Properties Pending Sale
0
0
0
0
n/a
Properties For Sale
7
7
8
10
42.9%
Days on Market (Pending Sale)
0
0
0
0
n/a
Percent Under Contract
0.0%
0.0%
0.0%
0.0%
n/a
Average Median Price for Last 12 Months
$1,246,591
$216,667
$433,333
$749,858
-39.8%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Venice Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
224
Micro Market Report : December 2023
West Hollywood Condominiums, December 2023
Current Market Snapshot
$979,000 Median Sales Price
$872 Average $/SF
$745
Dec Jan
31.4% ∆ YOY
Feb Mar Apr May Jun Jul
13.2% ∆ YOY
Aug
149
Sep Oct Nov
Properties For Sale
8.8% ∆ YOY
Dec
$979 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$745,000
$908,250
$827,500
$979,000
31.4%
Average Price per Square Foot
$770
$883
$836
$872
13.2%
Properties Sold
16
26
22
15
-6.2%
Properties Pending Sale
16
27
20
18
12.5%
Properties For Sale
137
140
158
149
8.8%
Days on Market (Pending Sale)
53
27
38
45
-16.0%
Percent Under Contract
11.7%
19.3%
12.7%
12.1%
3.4%
Average Median Price for Last 12 Months
$901,194
$931,617
$947,400
$979,765
8.7%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in West Hollywood Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
225
West Los Angeles Condominiums, December 2023
Current Market Snapshot
$881,500 Median Sales Price
$711
Average $/SF
$745
Dec Jan
18.3% ∆ YOY
Feb Mar Apr May Jun Jul
8.7% ∆ YOY
Aug
24
Sep Oct Nov
Properties For Sale
-22.6% ∆ YOY
Dec
$881 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$745,000
$850,000
$902,500
$881,500
18.3%
Average Price per Square Foot
$654
$719
$718
$711
8.7%
Properties Sold
3
9
6
8
166.7%
Properties Pending Sale
4
12
8
4
0.0%
Properties For Sale
31
36
37
24
-22.6%
Days on Market (Pending Sale)
42
17
26
51
21.6%
Percent Under Contract
12.9%
33.3%
21.6%
16.7%
29.2%
Average Median Price for Last 12 Months
$885,729
$946,250
$905,667
$886,646
0.1%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in West LA Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
226
Micro Market Report : December 2023
Westwood - Century City Condominiums, December 2023
Current Market Snapshot
$976,500 Median Sales Price
$731
Average $/SF
$997
Dec Jan Feb
-2.1% ∆ YOY
Mar Apr May Jun Jul
-8.2% ∆ YOY
Aug
237
Sep Oct Nov
Properties For Sale
0.0% ∆ YOY
Dec
$976 Median Sales Price ($100,000s)
Data*
Dec 2022
6 Month
3 Month
Dec 2023
% Change
Median Price
$997,500
$1,050,000
$1,030,000
$976,500
-2.1%
Average Price per Square Foot
$796
$768
$785
$731
-8.2%
Properties Sold
40
35
33
14
-65.0%
Properties Pending Sale
25
37
30
22
-12.0%
Properties For Sale
237
246
274
237
0.0%
Days on Market (Pending Sale)
58
48
34
136
136.0%
Percent Under Contract
10.5%
15.0%
10.9%
9.3%
-12.0%
Average Median Price for Last 12 Months
$1,077,979
$1,042,750
$1,042,167
$1,091,577
1.3%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Westwood - Century City Micro Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
Micro Market Report : December 2023
227
elliman.com
150 EL CAMINO DRIVE, BEVERLY HILLS, SUITE 150, CA 90212. 310.595.3888 © 2024 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE, THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. EQUAL HOUSING OPPORTUNITY. DATA SOURCED FROM BROKERMETRICS BY TERRADATUM.