Christelle Masi - July 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 Lo data?

There were 14,176 single-f sale, providing 29 month

There were 4,389 new list homes sold at a median p median overbid percenta with an average of 31 day

There were 5,210 condo a units for sale, providing 3. inventory. There were 1,67 995 units sold at a median $710k. The median overbi at 98.8%, with an average market.

amily homes, condos June 2024 This may ata was gathered All 99010 Copyright KW 2024 Each office is

E 2023 - JUNE 2024

Median SalesPrice

Single-Family Homes

The median sale price has increased from $950k last June 2023, to $1m as of June 2024

Condos & Townhomes

The median sale price has increased from $670k last June 2023, to $710k as of June 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 26 days last June 2023, to 31 days as of June 2024

Condos & Townhomes

The average time spent on the market went up from 27 days in June 2023, to 34 days as of June 2024

Overbids

Single-Family Homes

The overbid percentage has increased from 985% last June 2023, to 988% a year later

Condos & Townhomes

The overbid percentage has decreased from 99.1% last June 2023, to 98.8% a year later.

SantaMonic

What's in the Sa data?

There were 131 single-fam providing 67 months of in were 27 new listings, and median price of $2.5m. Th percentage was at 97.8%, 28 days on the market.

There were 162 condo and for sale, providing 3.8 mon

There were 44 new listing at a median sale price of $ overbid percentage was a average of 51 days on the

amily homes, condos June 2024 This may ata was gathered All 99010 Copyright KW 2024 Each office is

Condo & Townhomes

44

New Listings

36 Sold Listings

3.8

Months of Inventory

$1.4M

Median Sale Price

98%

Median Sale vs List

51 Avg Days on Market

SantaMonica

JUNE 2023 - JUNE 2024 LISTINGS FOR SALE

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 $34m last June 2023, to $25m as of June 2024

Condos & Townhomes

The median sale price has increased from $13m last June 2023, to $14m as of June 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 41 days last June 2023, to 28 days as of June 2024

Condos & Townhomes

The average time spent on the market went up from 30 days in June 2023, to 51 days as of June 2024

Overbids

Single-Family Homes

The overbid percentage has decreased from 983% last June 2023, to 978% a year later

Condos & Townhomes

The overbid percentage has decreased from 99.4% last June 2023, to 98% a year later.

Brentwood

What's in the Brentwood data?

There were 153 single-family homes for sale, providing 71 months of inventory There were 26 new listings, and 20 homes sold at a median price of $3.5m. The median overbid percentage was at 93.7%, with an average of 53 days on the market.

There were 79 condo and townhome units for sale, providing 3.9 months of inventory. There were 16 new listings and 7 units sold at a median sale price of $1.5m. The median overbid percentage was at 98.3%, with an average of 29 days on the market.

Single-Family Homes

26 New Listings

7.1 Months of Inventory

20 Sold Listings

$3.5M Median Sale Price

93.7%

Median Sale vs List

53 Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from June 2023 to June 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 & Tow

New Listings

3.9 Months of Inventory $ Me 98.3%

Median Sale vs List Avg

Median SalesPrice

Single-Family Homes

The median sale price has increased from $3m last June 2023, to $35m as of June 2024

Condos & Townhomes

The median sale price has increased from $998k last June 2023, to $15m as of June 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 60 days last June 2023, to 53 days as of June 2024

Condos & Townhomes

The average time spent on the market went down from 42 days in June 2023, to 29 days as of June 2024

Overbids

Single-Family Homes

The overbid percentage has increased from 888% last June 2023, to 937% a year later

Condos & Townhomes

The overbid percentage has decreased from 100.4% last June 2023, to 98.3% a year later.

MarinaDelRey

What's in the Marina Del Rey data?

There were 26 single-family homes for sale, providing 0 months of inventory There were 6 new listings, and 2 homes sold at a median price of $3.8m. The median overbid percentage was at 84.2%, with an average of 0 days on the market.

There were 117 condo and townhome units for sale, providing 5.3 months of inventory. There were 35 new listings and 20 units sold at a median sale price of $1m. The median overbid percentage was at 92.2%, with an average of 63 days on the market.

Single-Family Homes

6 New Listings

0 Months of Inventory

2 Sold Listings

$3.8M Median Sale Price

84.2%

Median Sale vs List

0 Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from June 2023 to June 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

35

New Listings

20 Sold Listings

5.3

Months of Inventory

$1M

Median Sale Price 92.2%

Median Sale vs List

63 Avg Days on Market

MarinaDelRey

JUNE 2023 - JUNE 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 $19m last June 2023, to $38m as of June 2024

Condos & Townhomes

The median sale price has decreased from $12m last June 2023, to $1m as of June 2024

Single-Family Homes

The average time spent on the market went down from 24 days last June 2023, to 0 days as of June 2024

Condos & Townhomes

The average time spent on the market went up from 30 days in June 2023, to 63 days as of June 2024

Overbids

Single-Family Homes

The overbid percentage has decreased from 944% last June 2023, to 842% a year later

Condos & Townhomes

The overbid percentage has decreased from 93.6% last June 2023, to 92.2% a year later.

Pacific Palisades

What's in the Pacific Palisades data?

There were 146 single-family homes for sale, providing 8 months of inventory. There were 36 new listings, and 13 homes sold at a median price of $4m. The median overbid percentage was at 927%, with an average of 36 days on the market.

There were 26 condo and townhome units for sale, providing 4.2 months of inventory. There were 8 new listings and 6 units sold at a median sale price of $1.4m. The median overbid percentage was at 98.5%, with an average of 56 days on the market.

Single-Family Homes

36 New Listings

8 Months of Inventory

13 Sold Listings

$4M Median Sale Price

92.7%

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 June 2023 to June 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

Family Homes

months, year-over-year. & Townhomes

months, year-over-year

Median SalesPrice

Single-Family Homes

The median sale price has increased from $33m last June 2023, to $4m as of June 2024

Condos & Townhomes

The median sale price has increased from $11m last June 2023, to $14m as of June 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 39 days last June 2023, to 36 days as of June 2024

Condos & Townhomes

The average time spent on the market went up from 16 days in June 2023, to 56 days as of June 2024

Overbids

Single-Family Homes

The overbid percentage has decreased from 956% last June 2023, to 927% a year later

Condos & Townhomes

The overbid percentage has increased from 97.5% last June 2023, to 98.5% a year later.

ManhattanBeach

What's in the Manhattan Beach data?

There were 114 single-family homes for sale, providing 35 months of inventory There were 26 new listings, and 15 homes sold at a median price of $3.2m. The median overbid percentage was at 96%, with an average of 28 days on the market.

There were 26 condo and townhome units for sale, providing 3.4 months of inventory. There were 9 new listings and 5 units sold at a median sale price of $1.7m. The median overbid percentage was at 93.1%, with an average of 31 days on the market.

26 New Listings

3.5 Months of Inventory

15 Sold Listings

$3.2M Median Sale Price

96%

Median Sale vs List

28 Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from June 2023 to June 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

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

months, year-over-year

Median SalesPrice

Single-Family Homes

The median sales price has decreased from $33m last June 2023, to $32m as of June 2024

Condos & Townhomes

The median sales price has increased from $15m last June 2023, to $17m as of June 2024

Single-Family Homes

The average time spent on the market went down from 63 days last June 2023, to 28 days as of June 2024

Condos & Townhomes

The average time spent on the market went down from 87 days in June 2023, to 31 days as of June 2024

Overbids

Single-Family Homes

The overbid percentage has increased from 95.8% last June 2023, to 96% a year later

Condos & Townhomes

The overbid percentage has decreased from 991% last June 2023, to 93.1% a year later.

PalosVerdes

What's in the Palos Verdes data?

There were 77 single-family homes for sale, providing 68 months of inventory There were 19 new listings, and 12 homes sold at a median price of $3.9m. The median overbid percentage was at 101.1%, with an average of 42 days on the market.

There were 3 condo and townhome units for sale, providing 0 months 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.

19 New Listings

6.8 Months of Inventory

12 Sold Listings

$3.9M Median Sale Price

101.1% Median Sale vs List

42 Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from June 2023 to June 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

0 Months of Inventory

$1.1M

Median Sale Price 153.5%

Median Sale vs List 0 Avg Days on Market

PalosVerdes

JUNE 2023 - JUNE 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 $25m last June 2023, to $39m as of June 2024

Condos & Townhomes

The median sales price has increased from $750k last June 2023, to $11m as of June 2024

Single-Family Homes

The average time spent on the market went down from 18 days last June 2023, to 42 days as of June 2024

Condos & Townhomes

The average time spent on the market remained the same from 0 days in June 2023, to 0 days as of June 2024.

Overbids

Single-Family Homes

The overbid percentage has decreased from 92.2% last June 2023, to 1011% a year later

Condos & Townhomes

The overbid percentage has increased from 905% last June 2023, to 153.5% a year later.

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