Chinai~Naples Team - Southern California Area | September 2023 Market Report

Page 1

Copyright by KW Advisors 2023

Southern California area

SantaMonica

Jump to Santa Monica Report

Brentwood

Jump to Brentwood Report

MarinaDelRey

Jump to Marina Del Rey Report

PacificPalisades

Jump to Pacific Palisades Report

Venice

Jump to Venice Report

WestHollywood

Jump to West Hollywood Report

BeverlyHills

Jump to Beverly Hills Report

PalmSprings

Jump to Palm Springs Report

CathedralCity

Jump to Cathedral City Report

RanchoMirage

Jump to Rancho Mirage Report

PalmDesert

Jump to Palm Desert Report

LaQuinta

Jump to La Quinta Report

That's the question you should be asking yourself.

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

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

REALTOR® | DRE #01446635 (310) 503-2185 (778) 513-0305 Surinder@ChinaiNaplesTeam com www ChinaiNaplesTeam com REALTOR® | DRE #02201796 (310) 386-5647 Paula@ChinaiNaplesTeam.com www ChinaiNaplesTeam com Wecanhelp... Contact us for a confidential, no obligation assessment of your home's value. We love referrals! If you have any friends, family, clients, or colleagues who are planning on buying, selling, or leasing a coastal or desert home in Southern California, please pass along our information
Canadian and USA Clients Welcome!
What’syourhomereally worthintoday’smarket? SurinderChinai PaulaNaples

TwoQuestionsToAsk YourselfifYou’reConsidering BuyingaHome

If you’re thinking of buying a home, chances are you’re paying attention to almost everything you hear about the housing market. And you’re getting your information from a variety of channels: the news, social media, your real estate agent, conversations with friends and loved ones, overhearing someone chatting at the local supermarket, the list goes on and on. Most likely, home prices and mortgage rates are coming up a lot.

To help cut through the noise and give you the information you need most, take a look at what the data says. Here are the top two questions you need to ask yourself about home prices and mortgage rates as you decide.

SantaMonica

What's in the Santa Monica data?

There were 149 single-family homes for sale, providing 4 9 months of inventory. There were 29 new listings, and 13 homes sold at a median price of $3.8m. The median overbid percentage was 92.8%, with an average of 40 days on the market

There were 141 condo and townhome units for sale, providing 2.3 months of inventory. There were 36 new listings and 31 units sold at a median price of $1 2m The median overbid percentage was at 98 5%, with an average of 40 days on the market.

Sold Listings

Months of Inventory

$3.8M Median Sale Price 92.8% Median Sale vs List

New Listings 40 Avg Days on Market

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

CONDO

Condo & Townhomes

36 New Listings

31 Sold Listings

2.3 Months of Inventory

$1.2M Median Sale Price

98.5% Median Sale vs List

40

Avg Days on Market

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 150 100 50 0 Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 200 150 100 50 0 SantaMonica AUGUST 2022
AUGUST 2023
-
LISTINGS FOR SALE SOLD LISTINGS

Median SalesPrice

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

The median sales price has increased from $1.1m last August 2022, to $1.2m as of August 2023.

Overbids

The overbid percentage has decreased from 96% last August 2022, to 92 8% a year later

The overbid percentage has increased from 97.3% last August 2022, to 98.5% a year later.

The average time spent on the market went up from 25 days last August 2022, to 40 days as of August 2023

The average time spent on the market went up from 31 days in August 2022, to 40 days as of August 2023

Condos & Townhomes Single-Family Homes AVGDays OntheMarket Condos & Townhomes Single-Family Homes
Condos & Townhomes Single-Family Homes Back to Table of Contents Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023 $10,000,000 $7,500,000 $5,000,000 $2,500,000 $0 Aug2022Sep2022 Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023 Apr2023May2023 Jun2023 Jul2023Aug2023 100 75 50 25 0 Aug2022Sep2022 Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023 Apr2023May2023 Jun2023 Jul2023Aug2023 125% 100% 75% 50% 25% 0%

Brentwood

What's in the Brentwood data?

18 New Listings 13 Sold Listings 8.7 Months of Inventory $3.3M Median Sale Price 97.1% Median Sale vs List 36 Avg Days on Market The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from August 2022 to August 2023. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed DRE# 01499010. Copyright KW Advisors Santa Monica | Brentwood | Marina Del Rey 2023. Each office is independently owned and operated. SFH Single-Family Homes

COND

Condo & Townho

Sold

2 Months of In

$1 Median Sa

97.1 Median Sale

Avg Days on

New

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 150 100 50 0 Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 75 50 25 0 Brentwood AUGUST 2022
AUGUST 2023
-
LISTINGS FOR SALE SOLD LISTINGS

Median SalesPrice

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

The median sales price has decreased from $1.082m last August 2022, to $1.080m as of August 2023.

Overbids

The overbid percentage has increased from 96 4% last August 2022, to 97 1% a year later

The overbid percentage has decreased from 97.4% last August 2022, to 97.1% a year later.

The average time spent on the market went up from 20 days last August 2022, to 36 days as of August 2023

The average time spent on the market has remained at 28 days since August 2022

Condos & Townhomes Single-Family Homes AVGDays OntheMarket Condos & Townhomes Single-Family Homes
Condos & Townhomes Single-Family Homes Back to Table of Contents Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023 $7,500,000 $5,000,000 $2,500,000 $0 Aug2022Sep2022 Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023 Apr2023May2023 Jun2023 Jul2023Aug2023 60 40 20 0 Aug2022Sep2022 Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023 Apr2023May2023 Jun2023 Jul2023Aug2023 125% 100% 75% 50% 25% 0%

What's in the Marina Del Rey data?

2 New Listings 1 Sold Listings 8 Months of Inventory $1.9M Median Sale Price 95% Median Sale vs List 49 Avg Days on Market The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from August 2022 to August 2023. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed DRE# 01499010. Copyright KW Advisors Santa Monica | Brentwood | Marina Del Rey 2023. Each office is independently owned and operated. SFH Single-Family Homes

29

15

Sold Listings CONDO

3.3 Months of Inventory

$1.3M Median Sale Price

New
Listings
98.6% Median Sale vs List 34 Avg Days on Market Condo & Townhomes

AUGUST 2022 - AUGUST 2023

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 40 30 20 10 0 Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 125 100 75 50 25 0
MarinaDelRey
LISTINGS FOR SALE SOLD LISTINGS

Median SalesPrice

The median sales price has increased from $0 last August 2022, to $1 9m as of August 2023

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

Overbids

The overbid percentage has increased from 0% last August 2022, to 95% a year later

The overbid percentage has increased from 97.7% last August 2022, to 98.6% a year later.

The average time spent on the market went down from 77 days last August 2022, to 49 days as of August 2023

The average time spent on the market went down from 48 days in August 2022, to 34 days as of August 2023

Condos & Townhomes Single-Family Homes
Condos & Townhomes Single-Family Homes
AVGDays OntheMarket
Condos & Townhomes Single-Family Homes Back to Table of Contents Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023 $10,000,000 $7,500,000 $5,000,000 $2,500,000 $0 Aug2022Sep2022 Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023 Apr2023May2023 Jun2023 Jul2023Aug2023 $10,000,000 $7,500,000 $5,000,000 $2,500,000 $0 Aug2022Sep2022 Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023 Apr2023May2023 Jun2023 Jul2023Aug2023 125% 100% 75% 50% 25% 0%

PacificPalisades

What's in the Pacific Palisades data?

$3.9M Median

vs
Days on
data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from August 2022 to August 2023. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed DRE# 01499010. Copyright KW Advisors Santa Monica | Brentwood | Marina Del Rey 2023. Each office is independently owned and operated. SFH Single-Family Homes
Sale Price 90.6% Median Sale
List 47 Avg
Market The

CONDO

Condo & Townhomes

5 New Listings

8 Sold Listings

2.1 Months of Inventory

$1.3M

Median Sale Price

92.6% Median Sale vs List

45

Avg Days on Market

AUGUST 2022 - AUGUST 2023

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 200 150 100 50 0 Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 50 40 30 20 10 0 PacificPalisades
LISTINGS FOR SALE SOLD LISTINGS

Median SalesPrice

Single-Family Homes

The median sales price has decreased from $4m last August 2022, to $3 9m as of August 2023

Condos & Townhomes

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

Overbids

Single-Family Homes

The overbid percentage has decreased from 105 4% last August 2022, to 90 6% a year later

Condos & Townhomes

The overbid percentage has decreased from 100.9% last August 2022, to 92.6% a year later.

Single-Family Homes

The average time spent on the market went up from 30 days last August 2022, to 47 days as of August 2023

Condos & Townhomes

The average time spent on market went up from 28 days in August 2022, to 45 days as of August 2023

Aug2022Sep2022 Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023 Apr2023May2023 Jun2023 Jul2023Aug2023 200 150 100 50 0
AVGDays OntheMarket
Back to Table of Contents Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023 $6,000,000 $4,000,000 $2,000,000 $0 Aug2022Sep2022 Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023 Apr2023May2023 Jun2023 Jul2023Aug2023 125% 100% 75% 50% 25% 0%

Venice

What's in the Venice data?

SFH

Single-Family Homes

Median Sale Price Median Sale vs List Avg Days on Market

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

CONDO

Condo & Townhomes

3 New Listings

3 Sold Listings

5.5 Months of Inventory

$1.6M

Median Sale Price

93.6% Median Sale vs List

93

Avg Days on Market

Venice

AUGUST 2022 - AUGUST 2023

Single-Family Homes

Last 12 months, year-over-year.

FOR SALE 40 30 20 10 0

LISTINGS 150 100 50 0 Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023

Condos & Townhomes

Last 12 months, year-over-year SOLD LISTINGS Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023

Median SalesPrice

Single-Family Homes

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

Condos & Townhomes

The median sales price has decreased from $1.8m last August 2022, to $1.6m as of August 2023.

Overbids

Single-Family Homes

The overbid percentage has increased from 96 5% last August 2022, to 98 1% a year later

Condos & Townhomes

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

Single-Family Homes

The average time spent on the market went down from 65 days last August 2022, to 33 days as of August 2023

Condos & Townhomes

The average time spent on the market went up from 16 days in August 2022, to 39 days as of August 2023

AVGDays OntheMarket
Back to Table of Contents Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023 $3,000,000 $2,000,000 $1,000,000 $0 Aug2022Sep2022 Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023 Apr2023May2023 Jun2023 Jul2023Aug2023 100 75 50 25 0 Aug2022Sep2022 Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023 Apr2023May2023 Jun2023 Jul2023Aug2023 125% 100% 75% 50% 25% 0%

$1.8M Median Sale Price 100.5% Median Sale

vs
data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from August 2022 to August 2023. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed DRE# 01499010. Copyright KW Advisors Santa Monica | Brentwood | Marina Del Rey 2023. Each office is independently owned and operated.
Single-Family Homes
List 59 Avg Days on Market The
SFH

CONDO

Condo & Townhomes

34 New Listings

21 Sold Listings

5.5 Months of Inventory

$1M Median Sale Price

97.2% Median Sale vs List

61

Avg Days on Market

WestHollywood

AUGUST 2022 - AUGUST 2023

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

SOLD LISTINGS Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 75 50 25 0 Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 200 150 100 50 0
LISTINGS FOR SALE

Median SalesPrice

Single-Family Homes

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

Condos & Townhomes

The median sales price has increased from $902k last August 2022, to $1m as of August 2023.

Overbids

Single-Family Homes

The overbid percentage has increased from 94 6% last August 2022, to 100 5% a year later

Condos & Townhomes

The overbid percentage has decreased from 97.3% last August 2022, to 97.2% a year later.

Single-Family Homes

The average time spent on the market went up from 34 days last August 2022, to 59 days as of August 2023

Condos & Townhomes

The average time spent on the market went up from 46 days in August 2022, to 61 days as of August 2023

AVGDays
OntheMarket
Back to Table of Contents Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023 $4,000,000 $3,000,000 $2,000,000 $1,000,000 $0 Aug2022Sep2022 Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023 Apr2023May2023 Jun2023 Jul2023Aug2023 150 100 50 0 Aug2022Sep2022 Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023 Apr2023May2023 Jun2023 Jul2023Aug2023 125% 100% 75% 50% 25% 0%

BeverlyHills

What's in the Beverly Hills data?

There were 248 single-family homes for sale, providing 12 months of inventory. There were 47 new listings, and 16 homes sold at a median price of $4m. The median overbid percentage was 81.9%, with an average of 33 days on the market

47 New Listings 16 Sold Listings 12 Months of Inventory $4.6M Median Sale Price 81.9% Median Sale vs List 33 Avg Days on Market The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from August 2022 to August 2023. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed DRE# 01499010. Copyright KW Advisors Santa Monica | Brentwood | Marina Del Rey 2023. Each office is independently owned and operated. SFH Single-Family Homes

CONDO

Condo & Townhomes

18 New Listings

6 Sold Listings

12.2 Months of Inventory

$1.1M

Median Sale Price

93.8% Median Sale vs List

28

Avg Days on Market

BeverlyHills

AUGUST 2022 - AUGUST 2023

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

FOR SALE SOLD LISTINGS Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 300 200 100 0 Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 75 50 25 0
LISTINGS

Median SalesPrice

Single-Family Homes

The median sales price has decreased from $5 2m last August 2022, to $4 6m as of August 2023

Condos & Townhomes

The median sales price has decreased from $1.5m last August 2022, to $1.1m as of August 2023.

Single-Family Homes

The average time spent on the market went down from 51 days last August 2022, to 33 days as of August 2023

Condos & Townhomes

The average time spent on the market went down from 68 days in August 2022, to 28 days as of August 2023

Single-Family Homes

The overbid percentage has decreased from 86% last August 2022, to 81 9% a year later

Condos & Townhomes

The overbid percentage has increased from 92.7% last August 2022, to 93.8% a year later.

AVGDays OntheMarket
Back to Table of Contents Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023 $10,000,000 $7,500,000 $5,000,000 $2,500,000 $0 Aug2022Sep2022 Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023 Apr2023May2023 Jun2023 Jul2023Aug2023 125 100 75 50 25 0 Aug2022Sep2022 Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023 Apr2023May2023 Jun2023 Jul2023Aug2023 100% 75% 50% 25% 0%
Overbids

PalmSprings

What's in the Palm Springs data?

There were 561 single-family homes for sale, providing 8 months of inventory. There were 70 new listings and 64 homes sold at a median sale price of $1.1m. The median overbid percentage was 95.9%, averaging 46 days on the market

70 New Listings 64 Sold Listings 8 Months of Inventory $1.1M Median Sale Price 97.4% Median Sale vs List 38 Avg Days on Market The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from August 2022 to August 2023. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed DRE# 01499010. Copyright KW Advisors Santa Monica | Brentwood | Marina Del Rey 2023. Each office is independently owned and operated. SFH Single-Family Homes

CONDO

Condo & Townhomes

93 New Listings

59 Sold Listings

4.8 Months of Inventory

$398K Median Sale Price

96% Median Sale vs List

51 Avg Days on Market

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 750 500 250 0 Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 600 400 200 0 PalmSprings AUGUST 2022 - AUGUST 2023
LISTINGS FOR SALE SOLD LISTINGS

Median SalesPrice

Single-Family Homes

The median sales price has increased from $615k last August 2022, to $616k as of August 2023

Condos & Townhomes

The median sales price has increased from $454k last August 2022, to $460k as of August 2023.

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 24 days last August 2022, to 38 days as of August 2023

Condos & Townhomes

The average time spent on the market went up from 24 days in August 2022, to 47 days as of August 2023

Overbids

Single-Family Homes

The overbid percentage has decreased from 100 1% last August 2022, to 97 4% a year later

Condos & Townhomes

The overbid percentage has decreased from 100.6% last August 2022, to 96.6% a year later.

Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023 $1,500,000 $1,000,000 $500,000 $0 Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023 75 50 25 0 Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023 100% 75% 50% 25% 0%
Back to Table of Contents

CathedralCity

51 New Listings 36 Sold Listings 4.6 Months of Inventory $565K Median Sale Price 97% Median Sale vs List 60 Avg Days on Market The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from August 2022 to August 2023. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed DRE# 01499010. Copyright KW Advisors Santa Monica | Brentwood | Marina Del Rey 2023. Each office is independently owned and operated. SFH Single-Family Homes

CONDO

Condo & Townhomes

21 New Listings

21 Sold Listings

3.4 Months of Inventory

$362K Median Sale Price

96.8% Median Sale vs List

70

Avg Days on Market

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 400 300 200 100 0 Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 100 75 50 25 0 CathedralCity AUGUST
AUGUST 2023
2022 -
FOR SALE SOLD LISTINGS
LISTINGS

Median SalesPrice

Single-Family Homes

The median sales price has increased from $970k last August 2022, to $999k as of August 2023

Condos & Townhomes

The median sales price has increased from $630k last August 2022, to $640k as of August 2023.

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 17 days last August 2022, to 19 days as of August 2023

Condos & Townhomes

The average time spent on the market went up from 14 days in August 2022, to 17 days as of August 2023

Overbids

Single-Family Homes

The overbid percentage has decreased from 100 6% last August 2022, to 99 7% a year later

Condos & Townhomes

The overbid percentage has decreased from 101.5% last August 2022, to 100.1% a year later.

Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023Jun2023 Jul2023Aug2023 $750,000 $500,000 $250,000 $0 Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023 75 50 25 0 Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023 100% 75% 50% 25% 0%
Back to Table of Contents
49 New Listings 42 Sold Listings 6 Months of Inventory $1.1M Median Sale Price 94.4% Median Sale vs List 76 Avg Days on Market The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from August 2022 to August 2023. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed DRE# 01499010. Copyright KW Advisors Santa Monica | Brentwood | Marina Del Rey 2023. Each office is independently owned and operated. SFH Single-Family Homes

CONDO

Condo & Townhomes

34 New Listings

23 Sold Listings

2.9 Months of Inventory

$575K Median Sale Price

96.2% Median Sale vs List

66

Avg Days on Market

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 400 300 200 100 0 Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 200 150 100 50 0 RanchoMirage
2022
AUGUST 2023
AUGUST
-
LISTINGS FOR SALE SOLD LISTINGS

Median SalesPrice

Single-Family Homes

The median sales price has remained at $1 2m this year compared to last August 2022

Condos & Townhomes

The median sales price has increased from $727k last August 2022, to $735k as of August 2023.

AVGDays OntheMarket

Single-Family Homes

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

Condos & Townhomes

The average time spent on the market went up from 16 days in August 2022, to 23 days as of August 2023

Overbids

Single-Family Homes

The overbid percentage has decreased from 100 1% last August 2022, to 97 7% a year later

Condos & Townhomes

The overbid percentage has decreased from 101.6% last August 2022, to 99.8% a year later.

Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023Jun2023 Jul2023Aug2023 $2,000,000 $1,500,000 $1,000,000 $500,000 $0 Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023 80 60 40 20 0 Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023 125% 100% 75% 50% 25% 0%
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PalmDesert

What's in the Palm Desert data?

There were 364 single-family homes for sale, providing 3 2 months of inventory. There were 64 new listings and 66 homes sold at a median price of $649k. The median overbid percentage was 95.7%, averaging 58 days on the market

There were 280 condo and townhome units for sale providing 1 3

64 New Listings 66 Sold Listings 3.2 Months of Inventory $649K Median Sale Price 95.7% Median Sale vs List 58 Avg Days on Market The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from August 2022 to August 2023. This may include preliminary data, and may vary from the time the data was gathered. All data is deemed reliable but not guaranteed DRE# 01499010. Copyright KW Advisors Santa Monica | Brentwood | Marina Del Rey 2023. Each office is independently owned and operated. SFH Single-Family Homes

46 New Listings

45 Sold Listings

5.4 Months of Inventory

$490K Median Sale Price

94.9% Median Sale vs List

51

Avg Days on Market

CONDO Condo & Townhomes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 600 400 200 0 Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 500 400 300 200 100 0 PalmDesert AUGUST 2022 - AUGUST 2023
Single-Family Homes
LISTINGS FOR SALE SOLD LISTINGS

Median SalesPrice

Single-Family Homes

The median sales price has remained at $1 2m this year compared to last August 2022

Condos & Townhomes

The median sales price has increased from $727k last August 2022, to $735k as of August 2023.

AVGDays OntheMarket

Single-Family Homes

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

Condos & Townhomes

The average time spent on the market went up from 16 days in August 2022, to 23 days as of August 2023

Overbids

Single-Family Homes

The overbid percentage has decreased from 100 1% last August 2022, to 97 7% a year later

Condos & Townhomes

The overbid percentage has decreased from 101.6% last August 2022, to 99.8% a year later.

Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023Jun2023 Jul2023Aug2023 $750,000 $500,000 $250,000 $0 Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023 75 50 25 0 Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023 100% 75% 50% 25% 0%
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LaQuinta

What's in the La Quinta data?

There were 413 single-family homes for sale, providing 5 6 months of inventory. There were 85 new listings and 58 homes sold at a median price of $1m. The median overbid percentage was 95%, averaging 63 days on the market

There were 92 condo and townhome units for sale, providing 4.8 months of inventory. There were 16 new listings and 9 units sold at a median price of $560k The median overbid percentage was 94 2%, averaging 55 days on the market.

New Listings Sold Listings

Months of Inventory

$1M Median Sale Price 95.4% Median Sale vs List 63 Avg Days on Market

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

C

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 600 400 200 0 Aug2022 Sep2022 Oct2022 Nov2022 Dec2022 Jan2023 Feb2023 Mar2023 Apr2023 May2023 Jun2023 Jul2023 Aug2023 150 100 50 0 LaQuinta AUGUST 2022 - AUGUST 2023
LISTINGS FOR SALE SOLD LISTINGS

Median SalesPrice

Single-Family Homes

The median sales price has remained at $1 2m this year compared to last August 2022

Condos & Townhomes

The median sales price has increased from $727k last August 2022, to $735k as of August 2023.

AVGDays OntheMarket

Single-Family Homes

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

Condos & Townhomes

The average time spent on the market went up from 16 days in August 2022, to 23 days as of August 2023

Overbids

Single-Family Homes

The overbid percentage has decreased from 100 1% last August 2022, to 97 7% a year later

Condos & Townhomes

The overbid percentage has decreased from 101.6% last August 2022, to 99.8% a year later.

Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023Jun2023 Jul2023Aug2023 $1,250,000 $1,000,000 $750,000 $500,000 $250,000 $0 Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023 100 75 50 25 0 Aug2022Sep2022Oct2022Nov2022Dec2022 Jan2023Feb2023Mar2023Apr2023May2023 Jun2023 Jul2023Aug2023 100% 75% 50% 25% 0%
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: 11812 San Vicente Blvd Ste 100, Los Angeles, CA 90049, United States KellerWilliamsBrentwood 444 Washington Blvd Marina Del Rey, CA 90292, United States KellerWilliamsMarinaDelRey 845 Vía De La Paz, Pacific Palisades, CA 90272, United States KellerWilliamsPacificPalisades
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| DRE #02201796 (310) 386-5647 Paula@ChinaiNaplesTeam.com www.ChinaiNaplesTeam.com SurinderChinai PaulaNaples
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