Christelle Masi - October 2024 Market Report | Southern California Area

Page 1


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

Curious about what’s trending in your neighborhood? Ready to make a move? Download our app for real estate insights, on demand.

Key Features

Work with an Agent Custom Searches

Dynamic Map Get Local

Anytime Access

Share Information

Download the Keller Williams Real Estate Mobile App for iPhone, iPad, and Android via the links below:

For more information, click here

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

ThisIstheSweetSpotHomebuyers HaveBeenWaitingFor

After months of sitting on the sidelines, many homebuyers who were priced out by high mortgage rates and affordability challenges finally have an opportunity to make their move. With rates trending down, today’s market is a sweet spot for buyers— and it’s one that may not last long.

So, if you’ve put your own move on the back burner, here’s why maybe you shouldn’t delay your plans any longer.

As you weigh your options and decide if you should buy now or wait, ask yourself this: What do you think everyone else is going to do?

LosAngeles

What's in the Lo data?

There were 15,196 single-f sale, providing 34 month

There were 4,290 new list homes sold at a median p median overbid percenta with an average of 34 day

There were 5,764 condo a units for sale, providing 3. inventory. There were 1,60 984 units sold at a media $675k. The median overb at 97.8%, with an average market.

65K e Price 98 s n Market

amily homes, condos 3 to September 2024 e time the data was eed DRE# 01499010 a Del Rey 2024 Each

EMBER 2023 - SEPTEMBER 2024

le-Family Homes 12 months, year-over-year.

dos & Townhomes 12 months, year-over-year

Median SalesPrice

Single-Family Homes

The median sale price has increased from $939k last September 2023, to $965k as of September 2024

Condos & Townhomes

The median sale price has remained the same from $675k last September 2023, to $675k as of September 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 28 days last September 2023, to 34 days as of September 2024

Condos & Townhomes

The average time spent on the market went up from 31 days in September 2023, to 42 days as of September 2024.

Overbids

Single-Family Homes

The overbid percentage has decreased from 982% last September 2023, to 954% a year later

Condos & Townhomes

The overbid percentage has decreased from 99% last September 2023, to 97.8% a year later.

Santa Monica

What's in the Sa data?

There were 160 single-fam providing 3.7 months of in were 50 new listings, and median price of $3.2m. Th percentage was at 984%, 24 days on the market.

There were 185 condo and for sale, providing 3.6 mon

There were 57 new listing at a median sale price of $ overbid percentage was a average of 42 days on the

amily homes, condos 3 to September 2024 e time the data was eed DRE# 01499010 a Del Rey 2024 Each

Condo & Townhomes

57

New Listings

23 Sold Listings

3.6

Months of Inventory

$1M

Median Sale Price 95.2%

Median Sale vs List 42 Avg Days on Market

SantaMonica

SEPTEMBER 2023 - SEPTEMBER 2024

LISTINGS FOR SALE SOLD LISTINGS

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 $326m last September 2023, to $329m as of September 2024

Condos & Townhomes

The median sale price has decreased from $11m last September 2023, to $1m as of September 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 33 days last September 2023, to 24 days as of September 2024

Condos & Townhomes

The average time spent on the market went up from 28 days in September 2023, to 42 days as of September 2024.

Overbids

Single-Family Homes

The overbid percentage has decreased from 989% last September 2023, to 984% a year later

Condos & Townhomes

The overbid percentage has decreased from 100.8% last September 2023, to 95.2% a year later.

Brentwood

What's in the Brentwood data?

There were 132 single-family homes for sale, providing 75 months of inventory There were 26 new listings, and 11 homes sold at a median price of $4m. The median overbid percentage was at 88.6%, with an average of 26 days on the market.

There were 84 condo and townhome units for sale, providing 3.4 months of inventory. There were 24 new listings and 12 units sold at a median sale price of $1m. The median overbid percentage was at 93.4%, with an average of 39 days on the market.

Single-Family Homes

26 New Listings

7.5 Months of Inventory

11 Sold Listings

$4M Median Sale Price

88.6%

Median Sale vs List

26 Avg Days on Market

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

24

New Listings

3.4

Months of Inventory Me 93.4%

Median Sale vs List Avg

Median SalesPrice

Single-Family Homes

The median sale price has increased from $29m last September 2023, to $4m as of September 2024

Condos & Townhomes

The median sale price has decreased from $108m last September 2023, to $105m as of September 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 50 days last September 2023, to 26 days as of September 2024

Condos & Townhomes

The average time spent on the market went up from 22 days in September 2023, to 39 days as of September 2024.

Overbids

Single-Family Homes

The overbid percentage has decreased from 994% last September 2023, to 886% a year later

Condos & Townhomes

The overbid percentage has decreased from 98.2% last September 2023, to 93.4% a year later.

Marina DelRey

What's in the Marina Del Rey data?

There were 35 single-family homes for sale, providing 14.5 months of inventory. There were 7 new listings, and 2 homes sold at a median price of $1.6m. The median overbid percentage was at 903%, with an average of 14 days on the market.

There were 120 condo and townhome units for sale, providing 5.7 months of inventory. There were 29 new listings and 18 units sold at a median sale price of $1.1m. The median overbid percentage was at 94.3%, with an average of 53 days on the market.

Single-Family Homes

7 New Listings

14.5 Months of Inventory

2 Sold Listings

$1.6M Median Sale Price

90.3%

Median Sale vs List

14 Avg Days on Market

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

29

New Listings

18 Sold Listings

5.7

Months of Inventory

$1.1M

Median Sale Price 94.3%

Median Sale vs List

53 Avg Days on Market

MarinaDelRey

SEPTEMBER 2023 - SEPTEMBER 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 $35m last September 2023, to $16m as of September 2024

Condos & Townhomes

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

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 42 days last September 2023, to 14 days as of September 2024

Condos & Townhomes

The average time spent on the market went up from 34 days in September 2023, to 53 days as of September 2024.

Overbids

Single-Family Homes

The overbid percentage has decreased from 965% last September 2023, to 903% a year later

Condos & Townhomes

The overbid percentage has decreased from 96.7% last September 2023, to 94.3% a year later.

ManhattanBeach

What's in the Manhattan Beach data?

There were 107 single-family homes for sale, providing 2.5 months of inventory. There were 24 new listings, and 27 homes sold at a median price of $3.8m. The median overbid percentage was at 874%, with an average of 53 days on the market.

There were 26 condo and townhome units for sale, providing 3.4 months of inventory. There were 7 new listings and 7 units sold at a median sale price of $1.7m. The median overbid percentage was at 96.5%, with an average of 56 days on the market.

24 New Listings

2.5 Months of Inventory

27 Sold Listings

$3.8M Median Sale Price

87.4%

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 September 2023 to September 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

BER 2023 - SEPTEMBER 2024

Family Homes

months, year-over-year.

& Townhomes

months, year-over-year

Median SalesPrice

Single-Family Homes

The median sales price has increased from $31m last September 2023, to $38m as of September 2024

Condos & Townhomes

The median sales price has increased from $14m last September 2023, to 17m as of September 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 35 days last September 2023, to 53 days as of September 2024

Condos & Townhomes

The average time spent on the market went up from 12 days in September 2023, to 56 days as of September 2024.

Overbids

Single-Family Homes

The overbid percentage has decreased from 93.1% last September 2023, to 874% a year later

Condos & Townhomes

The overbid percentage has decreased from 974% last September 2023, to 96.5% a year later.

PalosVerdes

What's in the Palos Verdes data?

There were 80 single-family homes for sale, providing 59 months of inventory There were 21 new listings, and 3 homes sold at a median price of $2m. The median overbid percentage was at 88.9%, with an average of 29 days on the market.

There were 2 condo and townhome units for sale, providing 0 months of inventory. There were 0 new listings, and 1 unit sold at a median sale price of $719k. The median overbid percentage was at 90.5%, with an average of 185 days on the market.

21 New Listings

5.9 Months of Inventory

3 Sold Listings

$2M Median Sale Price

88.9%

Median Sale vs List

29 Avg Days on Market

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

0

New Listings

1 Sold Listing

0 Months of Inventory

$719K

Median Sale Price 90.5%

Median Sale vs List 185 Avg Days on Market

PalosVerdes

SEPTEMBER 2023 - SEPTEMBER 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 decreased from $22m last September 2023, to $2m as of September 2024

Condos & Townhomes

The median sales price has decreased from $915k last September 2023, to $719k as of September 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 34 days last September 2023, to 29 days as of September 2024

Condos & Townhomes

The average time spent on the market went up from 0 days in September 2023, to 185 days as of September 2024.

Overbids

Single-Family Homes

The overbid percentage has decreased from 98.5% last September 2023, to 889% a year later

Condos & Townhomes

The overbid percentage has increased from 866% last September 2023, to 90.5% a year later.

Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.