Christelle Masi - September 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

Are you on the fence about whether to sell your house now or hold off? It’s a common dilemma, but here’s a key point to consider: your lifestyle might be the biggest factor in your decision While financial aspects are important, sometimes the personal motivations for moving are reason enough to make the leap sooner rather than later.

An annual report from the National Association of Realtors (NAR) offers insight into why homeowners like you chose to sell All of the top reasons are related to life changes As the graph below highlights:

LosAngeles

What's in the Los Angeles data?

There were 14,954 single-family homes for sale, providing 3 months of inventory There were 4,146 new listings, and 3,033 homes sold at a median price of $1m. The median overbid percentage was at 97.5%, with an average of 34 days on the market.

There were 5,746 condo and townhome units for sale, providing 3.1 months of inventory. There were 1,644 new listings and 1,192 units sold at a median sale price of $699k. The median overbid percentage was at 98%, with an average of 36 days on the market.

4,146 New Listings

Homes

3 Months of Inventory

3,033 Sold Listings

$1M Median Sale Price

97.5%

Median Sale vs List

34 Avg Days on Market

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

1,644

New Listings

1,192

Sold Listings

3.1

Months of Inventory

$699K

Median Sale Price 98%

Median Sale vs List 36 Avg Days on Market

LosAngeles

AUGUST 2023 - AUGUST 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 $948k last August 2023, to $1m as of August 2024

Condos & Townhomes

The median sale price has increased from $660k last August 2023, to $699k as of August 2024

AVGDays OntheMarket

Single-Family Homes

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

Condos & Townhomes

The average time spent on the market went up from 31 days in August 2023, to 36 days as of August 2024

Overbids

Single-Family Homes

The overbid percentage has decreased from 983% last August 2023, to 975% a year later

Condos & Townhomes

The overbid percentage has decreased from 99.3% last August 2023, to 98% a year later.

SantaMonica

What's in the Santa Monica data?

There were 137 single-family homes for sale, providing 82 months of inventory There were 30 new listings, and 13 homes sold at a median price of $3.2m. The median overbid percentage was at 96.9%, with an average of 22 days on the market.

There were 187 condo and townhome units for sale, providing 3.7 months of inventory. There were 59 new listings and 31 units sold at a median sale price of $1.2m. The median overbid percentage was at 95.9%, with an average of 43 days on the market.

Single-Family Homes

30 New Listings

8.2 Months of Inventory

13 Sold Listings

$3.2M Median Sale Price

96.9%

Median Sale vs List

22 Avg Days on Market

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

59

New Listings

31 Sold Listings

3.7

Months of Inventory

$1.2M

Median Sale Price 95.9%

Median Sale vs List

43 Avg Days on Market

SantaMonica

AUGUST 2023 - AUGUST 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 $38m last August 2023, to $32m as of August 2024

Condos & Townhomes

The median sale price has decreased from $125m last August 2023, to $120m as of August 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 39 days last August 2023, to 22 days as of August 2024

Condos & Townhomes

The average time spent on the market went up from 40 days in August 2023, to 43 days as of August 2024

Overbids

Single-Family Homes

The overbid percentage has increased from 928% last August 2023, to 969% a year later

Condos & Townhomes

The overbid percentage has decreased from 98.4% last August 2023, to 95.9% a year later.

Brentwood

What's in the Brentwood data?

There were 140 single-family homes for sale, providing 71 months of inventory There were 25 new listings, and 14 homes sold at a median price of $4.5m. The median overbid percentage was at 95.7%, with an average of 57 days on the market.

There were 82 condo and townhome units for sale, providing 3.3 months of inventory. There were 22 new listings and 15 units sold at a median sale price of $950k. The median overbid percentage was at 95%, with an average of 43 days on the market.

Single-Family Homes

25 New Listings

7.1 Months of Inventory

14 Sold Listings

$4.5M Median Sale Price

95.7%

Median Sale vs List

57 Avg Days on Market

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

22

New Listings

15

Sold Listings

3.3

Months of Inventory

$950K

Median Sale Price 95%

Median Sale vs List

43 Avg Days on Market

AUGUST 2023 - AUGUST 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 $33m last August 2023, to $45m as of August 2024

Condos & Townhomes

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

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 44 days last August 2023, to 57 days as of August 2024

Condos & Townhomes

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

Overbids

Single-Family Homes

The overbid percentage has decreased from 969% last August 2023, to 957% a year later

Condos & Townhomes

The overbid percentage has decreased from 97.1% last August 2023, to 95% a year later.

MarinaDelRey

What's in the Marina Del Rey data?

There were 31 single-family homes for sale, providing 14 months of inventory There were 4 new listings, and 1 home sold at a median price of $1.6m. The median overbid percentage was at 93.1%, with an average of 58 days on the market.

There were 126 condo and townhome units for sale, providing 4.3 months of inventory. There were 41 new listings and 16 units sold at a median sale price of $1.2m. The median overbid percentage was at 93.3%, with an average of 34 days on the market.

Single-Family Homes

4 New Listings

14 Months of Inventory

1 Sold Listing

$1.6M Median Sale Price

93.1%

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 2023 to August 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

New Listings

4.3

Months of Inventory 93.3%

Median Sale vs List

Median SalesPrice

Single-Family Homes

The median sale price has decreased from $19m last August 2023, to $16m as of August 2024

Condos & Townhomes

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

Single-Family Homes

The average time spent on the market went up from 46 days last August 2023, to 58 days as of August 2024

Condos & Townhomes

The average time spent on the market went up from 33 days in August 2023, to 34 days as of August 2024

Overbids

Single-Family Homes

The overbid percentage has decreased from 95% last August 2023, to 931% a year later

Condos & Townhomes

The overbid percentage has decreased from 98.6% last August 2023, to 93.3% 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.

21 New Listings

2.8 Months of Inventory

11 Sold Listings

$2.6M Median Sale Price

92.4%

Median Sale vs List

73 Avg Days on Market

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

Median SalesPrice

Single-Family Homes

The median sales price has decreased from $32m last August 2023, to $26m as of August 2024

Condos & Townhomes

The median sales price has increased from $19m last August 2023, to $24m as of August 2024

Single-Family Homes

The average time spent on the market went up from 39 days last August 2023, to 73 days as of August 2024

Condos & Townhomes

The average time spent on the market went up from 19 days in August 2023, to 36 days as of August 2024

Overbids

Single-Family Homes

The overbid percentage has decreased from 95.8% last August 2023, to 924% a year later

Condos & Townhomes

The overbid percentage has increased from 1024% last August 2023, to 98.3% a year later.

PalosVerdes

What's in the Palos Verdes data?

There were 66 single-family homes for sale, providing 85 months of inventory There were 10 new listings, and 12 homes sold at a median price of $3m. The median overbid percentage was at 93.8%, with an average of 46 days on the market.

There were 3 condo and townhome units for sale, providing 2 months of inventory. There was 1 new listing, and 1 unit sold at a median sale price of $1.2m. The median overbid percentage was at 101.0%, with an average of 3 days on the market.

10 New Listings

8.5 Months of Inventory

12 Sold Listings

$3M Median Sale Price

93.8%

Median Sale vs List

46 Avg Days on Market

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

1 Sold Listing

2 Month of Inventory

$1.2M Median Sale Price

101%

Median Sale vs List

3 Avg Days on Market

PalosVerdes

AUGUST 2023 - AUGUST 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 $26m last August 2023, to $3m as of August 2024

Condos & Townhomes

The median sales price has increased from $0 last August 2023, to $12m as of August 2024

Single-Family Homes

The average time spent on the market went up from 22 days last August 2023, to 46 days as of August 2024

Condos & Townhomes

The average time spent on the market went up from 0 days in August 2023, to 3 days as of August 2024

Overbids

Single-Family Homes

The overbid percentage has decreased from 97% last August 2023, to 938% a year later

Condos & Townhomes

The overbid percentage has increased from 00% last August 2023, to 101.1% a year later.

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