Christelle Masi December 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

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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

A recent study from the National Association of Realtors (NAR) shows most sellers (61%) completed at least minor repairs when selling their house. But sometimes life gets in the way and that’s just not possible. Maybe that’s why, 39% of sellers chose to sell as-is instead

LosAngeles

What's in the Los Angeles data?

There were 14,006 single-family homes for sale, providing 34 months of inventory

There were 2,906 new listings, and 2,671 homes sold at a median price of $973k. The median overbid percentage was at 96.5%, with an average of 39 days on the market.

There were 5,331 condo and townhome units for sale, providing 4.1 months of inventory. There were 1,031 new listings and 856 units sold at a median sale price of $679k. The median overbid percentage was at 95.7%, with an average of 45 days on the market.

2,906 New Listings

Homes

3.4 Months of Inventory

2,671 Sold Listings

$973K Median Sale Price

96.5% Median Sale vs List

39 Avg Days on Market

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

1,031

New Listings

856

Sold Listings

4.1

Months of Inventory

$679K

Median Sale Price 95.7%

Median Sale vs List 45 Avg Days on Market

LosAngeles

NOVEMBER 2023 - NOVEMBER 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 November 2023, to $973k as of November 2024

Condos & Townhomes

The median sale price has decreased from $709k last November 2023, to $679k as of November 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 32 days last November 2023, to 39 days as of November 2024

Condos & Townhomes

The average time spent on the market went up from 33 days in November 2023, to 45 days as of November 2024

Overbids

Single-Family Homes

The overbid percentage has decreased from 98% last November 2023, to 965% a year later

Condos & Townhomes

The overbid percentage has decreased from 98.2% last November 2023, to 95.7% a year later.

Santa Monica

What's in the Santa Monica data?

There were 139 single-family homes for sale, providing 8.5 months of inventory. There were 25 new listings, and 18 homes sold at a median price of $3.4m. The median overbid percentage was at 953%, with an average of 57 days on the market.

There were 169 condo and townhome units for sale, providing 4.7 months of inventory. There were 39 new listings and 24 units sold at a median sale price of $1.5m. The median overbid percentage was at 97.8%, with an average of 40 days on the market.

Single-Family Homes

25 New Listings

8.5 Months of Inventory

18 Sold Listings

$3.4M Median Sale Price

95.3%

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 November 2023 to November 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

39

New Listings

24 Sold Listings

4.7

Months of Inventory

$1.5M

Median Sale Price

97.8%

Median Sale vs List

40 Avg Days on Market

SantaMonica

NOVEMBER 2023 - NOVEMBER 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 increased from $29m last November 2023, to $34m as of November 2024

Condos & Townhomes

The median sale price has increased from $15m last November 2023, to $155m as of November 2024

Single-Family Homes

The average time spent on the market went up from 46 days last November 2023, to 57 days as of November 2024

Condos & Townhomes

The average time spent on the market went up from 38 days in November 2023, to 40 days as of November 2024.

Overbids

Single-Family Homes

The overbid percentage has decreased from 973% last November 2023, to 953% a year later

Condos & Townhomes

The overbid percentage has increased from 957% last November 2023, to 97.8% a year later.

Brentwood

What's in the Brentwood data?

There were 126 single-family homes for sale, providing 141 months of inventory There were 20 new listings, and 14 homes sold at a median price of $2.9m. The median overbid percentage was at 94.5%, with an average of 40 days on the market.

There were 64 condo and townhome units for sale, providing 4.5 months of inventory. There were 13 new listings and 7 units sold at a median sale price of $930k. The median overbid percentage was at 96.2%, with an average of 48 days on the market.

Single-Family Homes

20 New Listings

14.1 Months of Inventory

14 Sold Listings

$2.9M Median Sale Price

94.5%

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 November 2023 to November 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

13

New Listings

7

Sold Listings

4.5

Months of Inventory

$930K

Median Sale Price 96.2%

Median Sale vs List

48 Avg Days on Market

NOVEMBER 2023 - NOVEMBER 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 $38m last November 2023, to $29m as of November 2024

Condos & Townhomes

The median sale price has decreased from $12m last November 2023, to $930k as of November 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went down from 51 days last November 2023, to 40 days as of November 2024

Condos & Townhomes

The average time spent on the market went up from 41 days in November 2023, to 48 days as of November 2024

Overbids

Single-Family Homes

The overbid percentage has increased from 92.9% last November 2023, to 945% a year later

Condos & Townhomes

The overbid percentage has decreased from 96.9% last November 2023, to 96.2% a year later.

Marina DelRey

What's in the Marina Del Rey data?

There were 34 single-family homes for sale, providing 29 months of inventory. There were 2 new listings, and 0 homes sold at a median price of $0. The median overbid percentage was at 0%, with an average of 96 days on the market.

There were 114 condo and townhome units for sale, providing 4.3 months of inventory. There were 16 new listings and 18 units sold at a median sale price of $1m. The median overbid percentage was at 94.2%, with an average of 54 days on the market.

Single-Family Homes

2 New Listings

29 Months of Inventory

0 Sold Listings

$0 Median Sale Price

0%

Median Sale vs List

96 Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from November 2023 to November 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 & 16

New Listings

18

Sold Listings

4.3

Months of Inventory $1M

Median Sale Price 94.2%

Median Sale vs List 54 Avg Days on Market

Single-Family Homes

The median sale price has decreased from $19m last November 2023, to $0 as of November 2024

Condos & Townhomes

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

Single-Family Homes

The average time spent on the market went up from 0 days last November 2023, to 96 days as of November 2024

Condos & Townhomes

The average time spent on the market went up from 33 days in November 2023, to 54 days as of November 2024

Overbids

Single-Family Homes

The overbid percentage has decreased from 1008% last November 2023, to 0% a year later

Condos & Townhomes

The overbid percentage has decreased from 971% last November 2023, to 94.2% a year later.

ManhattanBeach

What's in the Manhattan Beach data?

There were 91 single-family homes for sale, providing 3.9 months of inventory. There were 11 new listings, and 18 homes sold at a median price of $3.7m. The median overbid percentage was at 954%, with an average of 44 days on the market.

There were 14 condo and townhome units for sale, providing 6 months of inventory. There were 2 new listings and 4 units sold at a median sale price of $4.1m. The median overbid percentage was at 95.9%, with an average of 34 days on the market.

11 New Listings

3.9 Months of Inventory

18 Sold Listings

$3.7M Median Sale Price

95.4%

Median Sale vs List

44 Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from November 2023 to November 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 - NOVEMBER 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 November 2023, to $37m as of November 2024

Condos & Townhomes

The median sales price has decreased from $18m last November 2023, to $15m as of November 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 20 days last November 2023, to 44 days as of November 2024

Condos & Townhomes

The average time spent on the market went down from 57 days in November 2023, to 34 days as of November 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 94.4% last November 2023, to 954% a year later

Condos & Townhomes

The overbid percentage has decreased from 983% last November 2023, to 95.9% a year later.

PalosVerdes

What's in the Palos Verdes data?

There were 61 single-family homes for sale, providing 98 months of inventory There were 6 new listings, and homes sold at a median price of $2.7m. The median overbid percentage was at 87.5%, with an average of 62 days on the market.

There were 2 condo and townhome units for sale, providing 0 months of inventory. There were 0 new listings, and 0 units sold at a median sale price of $0k. The median overbid percentage was at 0.0%, with an average of 3 days on the market.

6 New Listings

9.8 Months of Inventory

7 Sold Listings

$2.7M Median Sale Price

87.5%

Median Sale vs List

62 Avg Days on Market

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

New Listings

0 Sold Listings

0 Months of Inventory

$0K

Median Sale Price 0.0%

Median Sale vs List

3 Avg Days on Market

PalosVerdes

NOVEMBER 2023 - NOVEMBER 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 $33m last November 2023, to $27m as of November 2024

Condos & Townhomes

The median sales price has decreased from $985k last November 2023, to $0k as of November 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 56 days last November 2023, to 62 days as of November 2024

Condos & Townhomes

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

Overbids

Single-Family Homes

The overbid percentage has decreased from 93.1% last November 2023, to 875% a year later

Condos & Townhomes

The overbid percentage has decreased from 838% last November 2023, to 0.0% a year later.

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