Christelle Masi - June 2024 Market Report | Southern California Area

Page 1

Copyright by KW Advisors 2024 June 2024

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

Each office is independently owned and operated.
CHRISTELLE MASI
UNFOLDS.” Realtor® DRE #01886311 (310)
Christelle@MasiRealty.com 11812 San Vicente Blvd #100, Los Angeles, CA 90049
PURSUED, AND YOUR LIFE
429 6861

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

"
"

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long-term business
A Meeting Work with Christelle Masi Let’s Talk DRE #01886311 (310) 429 6861 Christelle@MasiRealty.com Let’s Meet 11812 San Vicente Blvd #100, Los Angeles, CA 90049
I am dedicated to maintaining a
relationship with you, as evidenced by my past work Please contact me when you're ready to move forward with your next purchase or sale, and let's discuss how to make it happen Schedule

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 13,734 single-family homes for sale, providing 25 months of inventory

There were 4,699 new listings, and 3,228 homes sold at a median price of $1m. The median overbid percentage was at 97.4%, with an average of 27 days on the market.

There were 4,953 condo and townhome units for sale, providing 2.7 months of inventory. There were 1,719 new listings and 1,112 units sold at a median sale price of $700k. The median overbid percentage was at 99%, with an average of 30 days on the market.

SFH Single-Family Homes

4,699 New Listings

3,228 Sold Listings

2.5 Months of Inventory

$1M Median Sale Price

97.4%

Median Sale vs List

27 Avg Days on Market

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

1,719

New Listings

1,112

Sold Listings

2.7

Months of Inventory

$700K

Median Sale Price 99%

Median Sale vs List 30 Avg Days on Market

CONDO

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

LosAngeles MAY 2023 - MAY 2024
May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 Mar2024 Apr2024 May2024 0 000 000 000 000 000 LISTINGS FOR SALE SOLD LISTINGS May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 Mar2024 Apr2024 May2024 0 000 000 000 000 000 000 000

Median SalesPrice

Single-Family Homes

The median sale price has increased from $909k last May 2023, to $1m as of May 2024

Condos & Townhomes

The median sale price has increased from $660k last May 2023, to $700k as of May 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 28 days last May 2023, to 27 days as of May 2024

Condos & Townhomes

The average time spent on the market went up from 27 days in May 2023, to 30 days as of May 2024

Overbids

Single-Family Homes

The overbid percentage has decreased from 977% last May 2023, to 974% a year later

Condos & Townhomes

The overbid percentage has decreased from 99.6% last May 2023, to 99% a year later.

Back to Table of Contents May2023 Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023 Jan2024Feb2024Mar2024Apr2024May2024 $0 $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 Feb2024Mar2024 Apr2024May2024 0 10 20 30 40 50 May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 Feb2024Mar2024Apr2024May2024 000% 2000% 4000% 6000% 8000% 10000% 12000%

SantaMonica

What's in the Santa Monica data?

There were 129 single-family homes for sale, providing 52 months of inventory There were 33 new listings, and 26 homes sold at a median price of $4.6m. The median overbid percentage was at 89.9%, with an average of 28 days on the market.

There were 169 condo and townhome units for sale, providing 3.3 months of inventory. There were 59 new listings and 31 units sold at a median sale price of $1.6m. The median overbid percentage was at 97.5%, with an average of 23 days on the market.

Single-Family Homes

33 New Listings

5.2 Months of Inventory

26 Sold Listings

$4.6M Median Sale Price

89.9% 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 May 2023 to May 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

SFH

Condo & Townhomes

59

New Listings

31 Sold Listings

3.3

Months of Inventory

$1.6M

Median Sale Price 97.5%

Median Sale vs List

23 Avg Days on Market

CONDO

SantaMonica

MAY 2023 - MAY 2024

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 Mar2024 Apr2024 May2024 0 50 100 150 200 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 Mar2024 Apr2024 May2024 0 50 100 150 200 LISTINGS FOR SALE SOLD LISTINGS

Median SalesPrice

Single-Family Homes

The median sale price has increased from $35m last May 2023, to $46m as of May 2024

Condos & Townhomes

The median sale price has increased from $1m last May 2023, to $16m as of May 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 18 days last May 2023, to 28 days as of May 2024

Condos & Townhomes

The average time spent on the market went down from 44 days in May 2023, to 23 days as of May 2024

Overbids

Single-Family Homes

The overbid percentage has decreased from 1026% last May 2023, to 899% a year later

Condos & Townhomes

The overbid percentage has decreased from 100.4% last May 2023, to 97.5% a year later.

Back to Table of Contents May2023 Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023 Jan2024Feb2024Mar2024Apr2024May2024 $0 $1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 Feb2024Mar2024 Apr2024May2024 0 20 40 60 80 100 120 May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 Feb2024Mar2024Apr2024May2024 000% 2000% 4000% 6000% 8000% 10000% 12000%

Brentwood

What's in the Brentwood data?

There were 153 single-family homes for sale, providing 55 months of inventory There were 41 new listings, and 16 homes sold at a median price of $4.3m. The median overbid percentage was at 93.8%, with an average of 38 days on the market.

There were 76 condo and townhome units for sale, providing 4.3 months of inventory. There were 24 new listings and 18 units sold at a median sale price of $1.3m. The median overbid percentage was at 98.6%, with an average of 29 days on the market.

Single-Family Homes

41 New Listings

5.5 Months of Inventory

15 Sold Listings

$4.3M Median Sale Price

93.8% 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 May 2023 to May 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

SFH

Condo & Townhomes

24

New Listings

18 Sold Listings

4.3

Months of Inventory

$1.3M

Median Sale Price 98.6%

Median Sale vs List

29 Avg Days on Market

CONDO

MAY 2023 - MAY 2024

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

Brentwood
May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 Mar2024 Apr2024 May2024 0 50 100 150 200 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 Mar2024 Apr2024 May2024 0 20 40 60 80 100 LISTINGS FOR SALE SOLD LISTINGS

Median SalesPrice

Single-Family Homes

The median sale price has increased from $36m last May 2023, to $43m as of May 2024

Condos & Townhomes

The median sale price has increased from $975k last May 2023, to $13m as of May 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 45 days last May 2023, to 38 days as of May 2024

Condos & Townhomes

The average time spent on the market went down from 30 days in May 2023, to 29 days as of May 2024

Overbids

Single-Family Homes

The overbid percentage has decreased from 959% last May 2023, to 938% a year later

Condos & Townhomes

The overbid percentage has increased from 96.8% last May 2023, to 98.6% a year later.

Back to Table of Contents May2023 Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023 Jan2024Feb2024Mar2024Apr2024May2024 $0 $1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 Feb2024Mar2024 Apr2024May2024 0 10 20 30 40 50 60 70 May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 Feb2024Mar2024Apr2024May2024 000% 2000% 4000% 6000% 8000% 10000% 12000%

MarinaDelRey

What's in the Marina Del Rey data?

There were 22 single-family homes for sale, providing 0 months of inventory There were 6 new listings, and 2 homes sold at a median price of $3.3m. The median overbid percentage was at 95.8%, with an average of 0 days on the market.

There were 123 condo and townhome units for sale, providing 4.1 months of inventory. There were 39 new listings and 16 units sold at a median sale price of $1.2m. The median overbid percentage was at 97.3%, with an average of 51 days on the market.

Single-Family Homes

6 New Listings

0 Months of Inventory

2 Sold Listings

$3.3M Median Sale Price

95.8%

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 May 2023 to May 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

SFH

New Listings

4.1

Months of Inventory 97.3%

Median Sale vs List

Condo & 39
, y y Feb2024 Mar2024 Apr2024 May2024 Feb2024 Mar2024 Apr2024 May2024 ISTINGS

Median SalesPrice

Single-Family Homes

The median sale price has increased from $29m last May 2023, to $33m as of May 2024

Condos & Townhomes

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

Single-Family Homes

The average time spent on the market went down from 59 days last May 2023, to 0 days as of May 2024

Condos & Townhomes

The average time spent on the market went up from 28 days in May 2023, to 51 days as of May 2024

Overbids

Single-Family Homes

The overbid percentage has increased from 92% last May 2023, to 958% a year later

Condos & Townhomes

The overbid percentage has decreased from 97.7% last May 2023, to 97.3% a year later.

Back to Table of Contents May2023 Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023 Jan2024Feb2024Mar2024Apr2024May2024 $0 $1,000,000 $2,000,000 $3,000,000 $4,000,000 May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 Feb2024Mar2024 Apr2024May2024 0 20 40 60 80 100 120 May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 Feb2024Mar2024Apr2024May2024 000% 2000% 4000% 6000% 8000% 10000% 12000%
AVGDays OntheMarket

ManhattanBeach

What's in the Manhattan Beach data?

There were 111 single-family homes for sale, providing 37 months of inventory There were 36 new listings, and 26 homes sold at a median price of $3.6m. The median overbid percentage was at 95.2%, with an average of 37 days on the market.

There were 22 condo and townhome units for sale, providing 5.7 months of inventory. There were 7 new listings and 5 units sold at a median sale price of $2.3m. The median overbid percentage was at 97.6%, with an average of 52 days on the market.

36 New Listings

3.7 Months of Inventory

26 Sold Listings

$3.6M Median Sale Price

95.2% Median Sale vs List

37 Avg Days on Market

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

SFH Single-Family Homes

hattanBeach

3 - MAY 2024

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

months, year-over-year

023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 Mar2024 Apr2024 May2024 023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 Mar2024 Apr2024 May2024 NGS FOR SALE SOLD LISTINGS

Median SalesPrice

Single-Family Homes

The median sales price has increased from $35m last May 2023, to $36m as of May 2024

Condos & Townhomes

The median sales price has increased from $16m last May 2023, to $23m as of May 2024

Single-Family Homes

The average time spent on the market went down from 56 days last May 2023, to 37 days as of May 2024

Condos & Townhomes

The average time spent on the market went up from 8 days in May 2023, to 52 days as of May 2024

Overbids

Single-Family Homes

The overbid percentage has decreased from 100.3% last May 2023, to 952% a year later

Condos & Townhomes

The overbid percentage has decreased from 1082% last May 2023, to 97.6% a year later.

Back to Table of Contents May2023 Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023 Jan2024Feb2024Mar2024Apr2024May2024 $0 $1,000,000 $2,000,000 $3,000,000 $4,000,000 May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 Feb2024Mar2024 Apr2024May2024 0 20 40 60 80 100 May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 Feb2024Mar2024Apr2024May2024 000% 2000% 4000% 6000% 8000% 10000% 12000%
AVGDays OntheMarket

PalosVerdes

What's in the Palos Verdes data?

There were 76 single-family homes for sale, providing 31 months of inventory There were 19 new listings, and 11 homes sold at a median price of $3.2m. The median overbid percentage was at 95.2%, with an average of 28 days on the market.

There were 3 condo and townhome units for sale, providing 2 months of inventory. There were 0 new listings and 3 units sold at a median sale price of $1m. The median overbid percentage was at 95.9%, with an average of 45 days on the market.

19 New Listings

3.1 Months of Inventory

11 Sold Listings

$3.2M Median Sale Price

95.2%

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 May 2023 to May 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

SFH Single-Family Homes

Condo

& Townhomes

0

New Listings

3 Sold Listings

0.5

Months of Inventory

$1M

Median Sale Price 95.9%

Median Sale vs List 45 Avg Days on Market

CONDO

PalosVerdes

MAY 2023 - MAY 2024

Single-Family Homes

Last 12 months, year-over-year.

Condos & Townhomes

Last 12 months, year-over-year

May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 Mar2024 Apr2024 May2024 0 20 40 60 80 100 May2023 Jun2023 Jul2023 Aug2023 Sep2023 Oct2023 Nov2023 Dec2023 Jan2024 Feb2024 Mar2024 Apr2024 May2024 0 1 2 3 4 5 LISTINGS FOR SALE SOLD LISTINGS

Median SalesPrice

Single-Family Homes

The median sales price has increased from $28m last May 2023, to $32m as of May 2024

Condos & Townhomes

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

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 40 days last May 2023, to 28 days as of May 2024

Condos & Townhomes

The average time spent on the market remained the same from 45 days in May 2023, to 45 days as of May 2024.

Overbids

Single-Family Homes

The overbid percentage has decreased from 102.6% last May 2023, to 952% a year later

Condos & Townhomes

The overbid percentage has increased from 0% last May 2023, to 95.9% a year later.

Back to Table of Contents May2023 Jun2023 Jul2023Aug2023Sep2023Oct2023Nov2023Dec2023 Jan2024Feb2024Mar2024Apr2024May2024 $0 $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 $3,000,000 $3,500,000 May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 Feb2024Mar2024 Apr2024May2024 0 50 100 150 200 250 300 May2023 Jun2023 Jul2023Aug2023Sep2023 Oct2023Nov2023Dec2023 Jan2024 Feb2024Mar2024Apr2024May2024 000% 2000% 4000% 6000% 8000% 10000% 12000%
11812 San Vicente Blvd Ste 100, Los Angeles, CA 90049, United States Keller Williams Brentwood Christelle Masi Realtor® DRE #01886311 (310) 429 6861 Christelle@MasiRealty.com

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