Christelle Masi - August 2024 Market Report | Southern California Area

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Southern California area

LosAngeles

Jump to Los Angeles Report

Jump to Santa Monica Report

Brentwood

Jump to Brentwood Report

MarinaDelRey

Jump to Marina Del Rey Report

ManhattanBeach

Jump to Manhattan Beach Report

PalosVerdes

Jump to Palos Verdes Report

SantaMonica

ABOUT christelle

She is knowledgeable, professional, and friendly and guides her buyers/sellers through the negotiation and escrow process. She diligently knows the market and finds the perfect properties for her clients, providing superior expertise along the way.

Efficiently negotiating against multiple offers Christelle gets offers accepted. Every client is treated as a top priority when they hire Christelle to be their Realtor.

“YOUR HOME IS MORE THAN JUST A PLACE TO LIVE - IT'S WHERE MEMORIES ARE MADE, DREAMS ARE

Client Testimonials

Christelle was awesome and I would 100% recommend her for residences in West LA. She recently helped me purchase a townhouse / condo in Santa Monica. As a first time buyer, there was a lot that I did not know, and she did a really great job answering all my questions and being my advocate through the negotiations and escrow process. She was also able to recommend other great professionals (lenders, inspectors, etc.) that all made the process run smoothly.

- gpassani

We've used Christelle twice now, in purchasing our first home then selling same and purchasing a new property She was instrumental in every aspect, selecting relevant properties, providing guidance on marketing strategy and managing offers. After we'd had offers accepted she put us in contact with extremely knowledgeable mortgage brokers, etc to close the deals 10/10 would recommend her to family and friends in a heartbeat

- Sarah and Tom Johnson

My Mobile App

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What’s your home really worth in today’s market?

That's really the question you should be asking yourself

Our market is in rapidly changin neighborhood, b isn't necessarily neighbors’ hom it’s the current m of your home.

So, do you know in today's marke

I can help...

Contact me for assessment of y

CHRISTELLE M

Realtor®

DRE #01886311 (310) 429 6861

Christelle@Mas

Why Having Your Own Agent Matters When

Buying a New Construction Home

Finding the right home is one of the biggest challenges for potential buyers today. Right now, the supply of homes for sale is still low. But there is a bright spot. Newly built homes make up a larger percent of the total homes available for sale than normal That’s why, if you’re craving more options, it makes sense to see if a newly built home is right for you.

But it’s important to remember the process of working with a builder is different than buying from a homeowner And, while builders typically have sales agents on-site, having your own agent helps make sure you have proper representation throughout your homebuying journey. As Realtor.com says:

“Keep in mind that the on-site agent you meet at a newconstruction office works for the builder So, as the homebuyer, it’s a smart idea to bring in your own agent, as well, to help you negotiate and stay protected in the transaction.”

Here’s how having your own agent is key when you build or buy a new construction home

LosAngeles

What's in the Los Angeles data?

There were 14,818 single-family homes for sale, providing 29 months of inventory

There were 4,436 new listings, and 3,146 homes sold at a median price of $1m. The median overbid percentage was at 98.4%, with an average of 30 days on the market.

There were 5,619 condo and townhome units for sale, providing 2.9 months of inventory. There were 1,745 new listings and 1,087 units sold at a median sale price of $719k. The median overbid percentage was at 97.4%, with an average of 36 days on the market.

le-Family Homes

436 tings

3,146 Sold Listings

9 of Inventory

8.4% Sale vs List

$1M Median Sale Price

30 Avg Days on Market

urced from Broker Metrics, includes all single-family homes, condos mes in the California Area from July 2023 to July 2024 This may minary data, and may vary from the time the data was gathered All med reliable but not guaranteed DRE# 01499010 Copyright KW nta Monica | Brentwood | Marina Del Rey 2024 Each office is tly owned and operated

Condo & Townhomes

1,745

New Listings

1,087

Sold Listings

2.9

Months of Inventory

$719K

Median Sale Price 97.4%

Median Sale vs List

36 Avg Days on Market

LosAngeles

JULY 2023 - JULY 2024

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

Median SalesPrice

Single-Family Homes

The median sale price has increased from $940k last July 2023, to $1m as of July 2024

Condos & Townhomes

The median sale price has increased from $675k last July 2023, to $719k as of July 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 25 days last July 2023, to 30 days as of July 2024

Condos & Townhomes

The average time spent on the market went up from 25 days in July 2023, to 36 days as of July 2024

Overbids

Single-Family Homes

The overbid percentage has decreased from 992% last July 2023, to 984% a year later

Condos & Townhomes

The overbid percentage has decreased from 100.3% last July 2023, to 97.4% a year later.

SantaMonica

What's in the Santa Monica data?

There were 130 single-family homes for sale, providing 58 months of inventory There were 19 new listings, and 12 homes sold at a median price of $4.3m. The median overbid percentage was at 99.4%, with an average of 45 days on the market.

There were 166 condo and townhome units for sale, providing 3.8 months of inventory. There were 50 new listings and 35 units sold at a median sale price of $1.3m. The median overbid percentage was at 94.6%, with an average of 43 days on the market.

Single-Family Homes

19 New Listings

5.8 Months of Inventory

12 Sold Listings

$4.3M Median Sale Price

99.4% Median Sale vs List

45 Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from July 2023 to July 2024 This may include preliminary data, and may vary from the time the data was gathered All data is deemed reliable but not guaranteed DRE# 01499010 Copyright KW Advisors Santa Monica | Brentwood | Marina Del Rey 2024 Each office is independently owned and operated

Condo & Townhomes

50

New Listings

35 Sold Listings

3.8

Months of Inventory

$1.3M

Median Sale Price 94.6%

Median Sale vs List

43 Avg Days on Market

ntaMonica

023 - JULY 2024

TINGS FOR SALE

-Family Homes

2 months, year-over-year.

os & Townhomes

2 months, year-over-year

Median SalesPrice

Single-Family Homes

The median sale price has increased from $32m last July 2023, to $43m as of July 2024

Condos & Townhomes

The median sale price has increased from $12m last July 2023, to $13m as of July 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market remained the same from 45 days last July 2023, to 45 days as of July 2024

Condos & Townhomes

The average time spent on the market went up from 28 days in July 2023, to 43 days as of July 2024

Overbids

Single-Family Homes

The overbid percentage has increased from 987% last July 2023, to 994% a year later

Condos & Townhomes

The overbid percentage has decreased from 99.9% last July 2023, to 94.6% a year later.

Brentwood

What's in the Brentwood data?

There were 147 single-family homes for sale, providing 82 months of inventory There were 33 new listings, and 11 homes sold at a median price of $4.3m. The median overbid percentage was at 95.2%, with an average of 35 days on the market.

There were 79 condo and townhome units for sale, providing 5.7 months of inventory. There were 19 new listings and 16 units sold at a median sale price of $1.1m. The median overbid percentage was at 94.9%, with an average of 40 days on the market.

Single-Family Homes

33 New Listings

8.2 Months of Inventory

11 Sold Listings

$4.3M Median Sale Price

95.2%

Median Sale vs List

35 Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from July 2023 to July 2024 This may include preliminary data, and may vary from the time the data was gathered All data is deemed reliable but not guaranteed DRE# 01499010 Copyright KW Advisors Santa Monica | Brentwood | Marina Del Rey 2024 Each office is independently owned and operated

19

New Listings

& Townhomes

16 Sold Listings

5.7

Months of Inventory

$1.1M

Median Sale Price 94.9%

Median Sale vs List

40 Avg Days on Market

JULY 2023 - JULY 2024

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

Median SalesPrice

Single-Family Homes

The median sale price has increased from $37m last July 2023, to $43m as of July 2024

Condos & Townhomes

The median sale price has increased from $725k last July 2023, to $11m as of July 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 31 days in July 2023, to 40 days as of July 2024

Condos & Townhomes

The average time spent on the market went up from 31 days in July 2023, to 40 days as of July 2024

Overbids

Single-Family Homes

The overbid percentage has increased from 941% last July 2023, to 952% a year later

Condos & Townhomes

The overbid percentage has decreased from 96.8% last July 2023, to 94.9% a year later.

MarinaDelRey

What's in the Marina Del Rey data?

There were 35 single-family homes for sale, providing 27 months of inventory There were 9 new listings, and 0 homes sold at a median price of $0. The median overbid percentage was at 0%, with an average of 15 days on the market.

There were 126 condo and townhome units for sale, providing 2.7 months of inventory. There were 30 new listings and 27 units sold at a median sale price of $1.1m. The median overbid percentage was at 95.9%, with an average of 55 days on the market.

Single-Family Homes

9 New Listings

27 Months of Inventory

0 Sold Listings

$0 Median Sale Price

0%

Median Sale vs List

15 Avg Days on Market

e data, sourced from Broker Metrics, includes all single-family homes, condos d townhomes in the California Area from July 2023 to July 2024 This may clude preliminary data, and may vary from the time the data was gathered All ta is deemed reliable but not guaranteed DRE# 01499010 Copyright KW dvisors Santa Monica | Brentwood | Marina Del Rey 2024 Each office is dependently owned and operated

Condo & Townhomes

30

New Listings

27 Sold Listings

2.7

Months of Inventory

$1.1M

Median Sale Price 95.9%

Median Sale vs List

55 Avg Days on Market

MarinaDelRey

JULY 2023 - JULY 2024

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

Median SalesPrice

Single-Family Homes

The median sale price has decreased from $33m last July 2023, to $0 as of July 2024

Condos & Townhomes

The median sale price has decreased from $13m last July 2023, to $11m as of July 2024

Single-Family Homes

The average time spent on the market went up from 0 days last July 2023, to 15 days as of July 2024

Condos & Townhomes

The average time spent on the market went up from 26 days in July 2023, to 55 days as of July 2024

Overbids

Single-Family Homes

The overbid percentage has decreased from 971% last July 2023, to 0% a year later

Condos & Townhomes

The overbid percentage has decreased from 97.1% last July 2023, to 95.9% a year later.

PacificPalisades

What's in the Pacific Palisades data?

There were 142 single-family homes for providing 48 months of inventory Ther were 26 new listings, and 21 homes sold median price of $4m. The median overb percentage was at 95.2%, with an averag 47 days on the market.

There were 34 condo and townhome un for sale, providing 2.4 months of invento There were 11 new listings and 9 units so a median sale price of $1.3m. The media overbid percentage was at 95.6%, with a average of 48 days on the market.

26 New Listings

4.8 Months of Inventory

21 Sold Listings

$4M Median Sale Price

95.2%

Median Sale vs List

47 Avg Days on Market

New Listings

Townhomes

9

Sold Listings

2.4

Months of Inventory

$1.3M

Median Sale Price 95.6%

Median Sale vs List

48 Avg Days on Market

PacificPalisades

JULY 2023 - JULY 2024

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

Median SalesPrice

Single-Family Homes

The median sale price has increased from $35m last July 2023, to $4m as of July 2024

Condos & Townhomes

The median sale price has increased from $133m last July 2023, to $134m as of July 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 34 days last July 2023, to 47 days as of July 2024

Condos & Townhomes

The average time spent on the market went down from 51 days in July 2023, to 48 days as of July 2024

Overbids

Single-Family Homes

The overbid percentage has decreased from 967% last July 2023, to 952% a year later

Condos & Townhomes

The overbid percentage has decreased from 98% last July 2023, to 95.6% a year later.

ManhattanBeach

What's in the Manhattan Beach data?

There were 104 single-family homes for sale, providing 52 months of inventory There were 19 new listings, and 15 homes sold at a median price of $2.5m. The median overbid percentage was at 98.8%, with an average of 40 days on the market.

There were 30 condo and townhome units for sale, providing 2.2 months of inventory. There were 10 new listings and 3 units sold at a median sale price of $1.4m. The median overbid percentage was at 101.5%, with an average of 18 days on the market.

19 New Listings

5.2 Months of Inventory

15 Sold Listings

$2.5M Median Sale Price

98.8% Median Sale vs List

40 Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from July 2023 to July 2024 This may include preliminary data, and may vary from the time the data was gathered All data is deemed reliable but not guaranteed DRE# 01499010 Copyright KW Advisors Santa Monica | Brentwood | Marina Del Rey 2024 Each office is independently owned and operated

hattanBeach

23 - JULY 2024

Family Homes months, year-over-year. & Townhomes

months, year-over-year

Median SalesPrice

Single-Family Homes

The median sales price has decreased from $26m last July 2023, to $25m as of July 2024

Condos & Townhomes

The median sales price has decreased from $24m last July 2023, to $14m as of July 2024

Single-Family Homes

The average time spent on the market went up from 27 days last July 2023, to 40 days as of July 2024

Condos & Townhomes

The average time spent on the market went up from 7 days in July 2023, to 18 days as of July 2024

Overbids

Single-Family Homes

The overbid percentage has increased from 98.1% last July 2023, to 988% a year later

Condos & Townhomes

The overbid percentage has increased from 933% last July 2023, to 101.5% a year later.

PalosVerdes

What's in the Palos Verdes data?

There were 5 single-family homes for sale, providing 32 months of inventory There were 17 new listings, and 15 homes sold at a median price of $2.7m. The median overbid percentage was at 96.2%, with an average of 69 days on the market.

There were 5 condo and townhome units for sale, providing 1 month of inventory. There were 2 new listings, and 1 unit sold at a median sale price of $1.1m. The median overbid percentage was at 153.5%, with an average of 0 days on the market.

17 New Listings

3.2 Months of Inventory

15 Sold Listings

$2.7M Median Sale Price

96.2%

Median Sale vs List

69 Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from July 2023 to July 2024 This may include preliminary data, and may vary from the time the data was gathered All data is deemed reliable but not guaranteed DRE# 01499010 Copyright KW Advisors Santa Monica | Brentwood | Marina Del Rey 2024 Each office is independently owned and operated

Condo & Townhomes

2

New Listings

1 Sold Listing

1 Month of Inventory $1M Median Sale Price 94.4%

Median Sale vs List 10 Avg Days on Market

PalosVerdes

JULY 2023 - JULY 2024

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

Median SalesPrice

Single-Family Homes

The median sales price has increased from $24m last July 2023, to $27m as of July 2024

Condos & Townhomes

The median sales price has increased from $0 last July 2023, to $1m as of July 2024

Single-Family Homes

The average time spent on the market went up from 25 days last July 2023, to 69 days as of July 2024

Condos & Townhomes

The average time spent on the market went down from 29 days in July 2023, to 10 days as of July 2024

Overbids

Single-Family Homes

The overbid percentage has decreased from 94.1% last July 2023, to 962% a year later

Condos & Townhomes

The overbid percentage has increased from 00% last July 2023, to 94.4% a year later.

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