Market Report Market report of South California area for the month of April 2022.
Copyright by KW Advisors 2022
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What's your home actually worth
In Today's Market
That really is the question to ask yourself. Our market is incredible diverse and changes rapidly. Values vary not just by neighborhood, but by street. Your home isn't necessarily worth what your neighbors is. And at the end of the day, the current market sets your homes's value. So, do you know what your home is worth in today's market?
I can help... Contact me for a confidential, no obligation, assessment of your home's value.
Ranchodas Shalamandas DRE# 112300401 t: +1 634-323-4234
Why a Real Estate Professional Is Key When Selling Your House
With today’s real estate market moving as fast as it is, working with a real estate professional is more essential than ever. They have the skills, experience, and expertise it takes to navigate the highly detailed and involved process of selling a home. That may be why the percentage of people who list their houses on their own, known as a FSBO or For Sale By Owner, has reached its lowest point since 1985. Here are five reasons why selling with a real estate professional makes more sense, even in today’s hot market: 1. They Know What Buyers Want To See 2. They Help Maximize Your Buyer Pool 3. They Understand the Fine Print 4. They’re Trained Negotiators 5. They Know How To Set the Right Price for Your House There’s a lot that goes into selling your house. Instead of tackling it alone, reach out to a trusted real estate advisor to make sure you have an expert on your side throughout the entire process. Read more here.
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SFH
Single Family Homes
1,795
905
New Listings
Sold Listings
0.6
$1.42M
Months of Inventory
Median Sale Price
121%
12
Median Sale vs List
Avg Days on Market
This data is sourced from BrokerMetrics for the period 03/2021 thru 03/2022. Data may include preliminary data and may vary from the time this data was gathered. All data is deemed reliable but not guaranteed. Questions may be directed to Keller Williams San Francisco. 415.483.9285 DRE# 01995149 | DRE# 01906450 Copyright Keller Williams San Francisco | Peninsula Estates 2022. Each Office is independently owned and operated.
CONDO
Condo & Townhomes
837
392
New Listings
Sold Listings
0.7
$775K
Months of Inventory
Median Sale Price
109%
15
Median Sale vs List
Avg Days on Market
20 21
Au gu st 20 21 Se pt em be r2 02 1 O ct ob er 20 21 N ov em be r2 02 1 De ce m be r2 02 1 Ja nu ar y 20 22 Fe br ua ry 20 22 M ar ch 20 22
20 21
20 21
20 21
20 21
20 21
20 21
20 21 Au gu st 20 21 Se pt em be r2 02 1 O ct ob er 20 21 N ov em be r2 02 1 De ce m be r2 02 1 Ja nu ar y 20 22 Fe br ua ry 20 22 M ar ch 20 22
Ju ly
Ju ne
M ay
Ap ril 20 21
M ar ch
L I S T INGS FOR
Ju ly
Ju ne
M ay
Ap ril 20 21
M ar ch
Los Angeles MARCH 2021 - MARCH 2022
S A L E VS
Condos & Townhomes Last 12 months, year-over-year.
S O L D LISTINGS
4,000
3,000
2,000
1,000
0
Single Family Homes Last 12 months, year-over-year.
1,500
1,000
500
0
Median Sales Price Single Family Homes The median sales price is up $1.15m from Mar. 2021 to $1.42m on Mar. 2022.
$1,500,000
$1,000,000
$500,000
Condos & Townhomes The median sales price has slightly increased from $690k last Mar. 2021 to $775k on Mar. 2022.
M ar ch
20 21 Ap ril 20 21 M ay 20 21 Ju ne 20 21 Ju ly 20 21 Au gu st Se 20 pt 21 em be r2 02 O 1 ct ob er 20 N ov 21 em be r2 De 02 ce 1 m be r2 02 Ja 1 nu ar y 20 Fe 22 br ua ry 20 22 M ar ch 20 22
$0
AVG Days On the Market
30
20
Single Family Homes The average days on market is from 11 days last Mar. 2021 to 12 days by Mar. 2022.
10
Condos & Townhomes
Overbids Single Family Homes
125%
100%
The overbid percentage is up to 112.90% last Mar. 2021 which increases to 121.00% a year later.
75%
Condos & Townhomes
25%
50%
0%
20 21 M ar ch
The overbid percentage has gone up from 105.80% last Mar. 2021 to 109.10% a year later.
The average days on market last Mar. 2021 is 17 days down to 15 days on Mar. 2022.
Ap ril 20 21 M ay 20 21 Ju ne 20 21 Ju ly 20 21 Au gu st 20 Se 21 pt em be r2 02 O 1 ct ob er 20 N ov 21 em be r2 De 02 ce 1 m be r2 02 1 Ja nu ar y 20 Fe 22 br ua ry 20 22 M ar ch 20 22
M ar ch
20 21
Ap ril 20 21 M ay 20 21 Ju ne 20 21 Ju ly 20 21 Au gu st 20 Se 21 pt em be r2 02 O 1 ct ob er 20 N ov 21 em be r2 De 02 ce 1 m be r2 02 1 Ja nu ar y 20 Fe 22 br ua ry 20 22 M ar ch 20 22
0
Keller Williams Brentwood 11812 San Vicente Blvd Ste 100, Los Angeles, CA 90049, United States
Keller Williams Santa Monica 2701 Ocean Park Blvd #140, Santa Monica, CA 90405, United States