Market report for Southern California area May 2023

Southern California area

Los Angeles

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Santa Monica

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Brentwood

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Marina Del Rey

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Pacific Palisades

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Culver City

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Sherman Oaks

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Studio City

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Westlake Village

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Playa Del Rey

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Venice

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West Hollywood

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Beverly Hills

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Riverside County

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Encino

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San Diego County

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Inglewood

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Orange County

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What’syourhome reallyworthin today’smarket?

That's really the question you should be asking yourself.

Our market is incredibly diverse, and rapidly changing. Values vary not just by neighborhood, but by street. Your home isn't necessarily worth what your neighbors’ home is. At the end of the day, it’s the current market that sets the value of your home.

So, do you know what your home is worth in today's market?

Contact me for a confidential, no obligation assessment of your home's value.

HowHomeownersWinWhen TheyDownsize

Downsizing has long been a popular option when homeowners reach retirement age. But there are plenty of other life changes that could make downsizing worthwhile. Homeowners who have experienced a change in their lives or no longer feel like their house fits their needs may benefit from downsizing too. U.S. News explains:

“Downsizing is somewhat common among older people and retirees who no longer have children living at home. But these days, younger people are also looking to downsize to save money on housing . . .”

And when inflation has made most things significantly more expensive, saving money where you can has a lot of appeal. So, if you’re thinking about ways to budget differently, it could be worthwhile to take your home into consideration.

LosAngeles

What's in the Los Angeles data?

There were 11,216 single-family homes for sale, providing 2.2 months of inventory. There were 3,492 new listings, and 2,696 homes sold at a median sale price of $880k. The median overbid percentage was 98.1%, with an average of 33 days on the market.

There were 3,726 condo and townhome units for sale, providing 1 8 months of inventory There were 1,182 new listings, and 893 units sold at a median sale price of $650k. The median overbid percentage was 98.2%, with an average of 24 days on the market.

SFH Single-Family Homes

3,492 New Listings

2,696 Sold Listings

2.2 Months of Inventory

$880K Median Sale Price

98.1% Median Sale vs List

33 Avg Days on Market

The data, sourced from Broker Metrics on May 3rd, includes all single-family homes, condos, and townhomes in the California Area from April 2022 to April 2023. This may include preliminary data, and vary from the time the data was gathered. All data is deemed reliable but not guaranteed. Questions may be directed to Keller Williams Advisors. DRE# 01499010. Copyright Keller Williams Santa Monica | Brentwood | Marina Del Rey | Pacific Palisades 2023. Each Office is independently owned and operated.

CONDO

Condo & Townhomes

1,182 New Listings

893 Sold Listings

1.8 Months of Inventory

$650K Median Sale Price

98.2% Median Sale vs List

24 Avg Days on Market

Last 12 months,

Last 12 months, year-over-year

Median SalesPrice

Single-Family Homes

The median sales price has decreased from $99k in April 2022, to $880k as of April 2023

Condos

The median sales price has decreased from $696k in April 2022, to $650k as of April 2023.

Overbids

Single-Family Homes

The overbid percentage has decreased from 104 3% in April 2022, to 98 1% a year later

Condos & Townhomes

The overbid percentage has decreased from 103.4% in April 2022, to 98.2% a year later.

Single-Family

The average time spent on the market increased from 18 days in April 2022, to 33 days as of April 2023

Condos

The average time spent on the market increased from 20 days in April 2022, to 24 days as of April 2023

Santa Monica

What's in the Santa Monica data?

There were 134 single-family homes for sale, providing 9.7 months of inventory. There were 31 new listings, and 11 homes sold at a median sale price of $2.7m. The median overbid percentage was 99 8%, with an average of 41 days on the market.

There were 127 condo and townhome units for sale, providing 3.1 months of inventory. There were 40 new listings, and 15 units sold at a median sale price of $1.5m. The median overbid percentage was 96.8%, with an average of 56 days on the market

SFH Single-Family Homes

31 New Listings

11 Sold Listings

9.7 Months of Inventory

$2.7M Median Sale Price

99.8% Median Sale vs List

41 Avg Days on Market

The data, sourced from Broker Metrics on May 3rd, includes all single-family homes, condos, and townhomes in the California Area from April 2022 to April 2023. This may include preliminary data, and vary from the time the data was gathered. All data is deemed reliable but not guaranteed. Questions may be directed to Keller Williams Advisors. DRE# 01499010. Copyright Keller Williams Santa Monica | Brentwood | Marina Del Rey | Pacific Palisades 2023. Each Office is independently owned and operated.

Median SalesPrice

The median sales price has decreased from $4m in April 2022, to $2 7m as of April 2023

Condos

The median sales price has increased from $1.3m in April 2022, to $1.5m as of April 2023.

Overbids

Single-Family Homes

The overbid percentage has decreased from 107 4% in April 2022, to 99 8% a year later

Condos & Townhomes

The overbid percentage has decreased from 101.2% in April 2022, to 96.8% a year later.

Single-Family Homes

The average time spent on the market increased from 12 days in April 2022, to 41 days as of April 2023

Condos

The average time spent on the market increased from 29 days in April 2022, to 56 days as of April 2023

Brentwoo

What's in the Brentwood

There were 117 single-family homes for providing 4.9 months of inventory. There new listings, and 11 homes sold at a me price of $3.4m. The median overbid perc was 100.7%, with an average of 37 days market.

There were 49 condo and townhome un sale, providing 3 4 months of inventory were 9 new listings, and 15 units sold at sale price of $1m. The median overbid p was 96.2%, with an average of 29 days o market.

Hamily Homes

11 Sold Listings

entory

% s List

$3.4M Median Sale Price

37 Avg Days on Market

from Broker Metrics on May 3rd, includes all single-family homes, townhomes in the California Area from April 2022 to April 2023. This may data, and vary from the time the data was gathered. All data is not guaranteed. Questions may be directed to Keller Williams 01499010. Copyright Keller Williams Santa Monica | Brentwood | Marina Del Rey | Pacific Palisades 2023. Each Office is independently owned and operated.

3. Months of Inven

96.2% Median Sale vs

Median SalesPrice

Single-Family Homes

The median sales price has decreased from $3,1m in April 2022, to $3 4m as of April 2023

Condos

The median sales price has decreased from $1m in April 2022, to $1m as of April 2023.

Overbids

Single-Family Homes

The overbid percentage has decreased from 98 1% in April 2022, to 100 7% a year later

Condos & Townhomes

The overbid percentage has decreased from 102.1% in April 2022, to 96.2% a year later.

Single-Family

The average time spent on the market increased from 29 days in April 2022, to 37 days as of April 2023

Condos

The average time spent on the market increased from 25 days in April 2022, to 29 days as of April 2023

Marina DelRey

What's in the Marina Del Rey data?

There were 22 single-family homes for sale, providing 3.8 months of inventory. There were 5 new listings, and 0 homes sold. The median overbid percentage was 0%, with an average of 80 days on the market

There were currently 87 condo and townhome units for sale, providing 2.9 months of inventory. There were 33 new listings, and 10 units sold at a median sale price of $1.1m. The median overbid percentage was 96.3%, with an average of 24 days on the market.

SFH Single-Family Homes

5 New Listings

0 Sold Listings

3.8 Months of Inventory

$0 Median Sale Price

0% Median Sale vs List

80 Avg Days on Market

The data, sourced from Broker Metrics on May 3rd, includes all single-family homes, condos, and townhomes in the California Area from April 2022 to April 2023. This may include preliminary data, and vary from the time the data was gathered. All data is deemed reliable but not guaranteed. Questions may be directed to Keller Williams Advisors. DRE# 01499010. Copyright Keller Williams Santa Monica | Brentwood | Marina Del Rey | Pacific Palisades 2023. Each Office is independently owned and operated.

Median SalesPrice

The median sales price has decreased from $2 6m in April 2022, to $0 as of April 2023

Condos

The median sales price has decreased from $1.2m in April 2022, to $1.1m as of April 2023.

Overbids

Single-Family Homes

The overbid percentage has decreased from 97 2% in April 2022, to 0% a year later

Condos & Townhomes

The overbid percentage has decreased from 102.3% in April 2022, to 96.3% a year later.

Single-Family Homes

The average time spent on the market increased from 15 days in April 2022, to 80 days as of April 2023

Condos

The average time spent on the market increased from 18 days in April 2022, to 24 days as of April 2023

Pacifi Palisa

What's in the Palisades dat

Milpitas had a total of providing the market w inventory. There were of 13 homes sold with $3 9m The median ov average of 49 days on There were 41 condo sale, providing the ma inventory. There were and a total of 1 condo price of $1.4m. The m with an average of 21

3 d Listings

3.9M an Sale Price

9 Days on Market

s includes all single-family homes, April 2022 to April 2023. This may the data was gathered. All data is may be directed to Keller Williams Santa Monica | Brentwood | Marina Del Rey | Pacific Palisades 2023. Each Office is independently owned and operated.

C

1 New List

2. Months of Inven

89.4% Median Sale vs

Median SalesPrice

Single-Family

The median sales price has decreased from $5 6m in April 2022, to $3 9m as of April 2023

Condos

The median sales price has decreased from $3.8m in April 2022, to $1.4m as of April 2023.

Overbids

Single-Family Homes

The overbid percentage has increased from 93 6% in April 2022, to 97 2% a year later

Condos & Townhomes

The overbid percentage has decreased from 100.3% in April 2022, to 89.4% a year later.

Single-Family

The average time spent on the market increased from 34 days in April 2022, to 49 days as of April 2023

Condos

The average time spent on the market increased from 25 days in April 2022, to 21 days as of April 2023

Culve City

What's in the

There are 61 single-fa providing 2.5 months new listings, and 10 h price of $1.5m. The m was 93.1%, with an av market. There acurrently 34 co for sale, providing 1 m were 13 new listings, sale price of $674k. T percentage was 100 8 days on the market.

0 d Listings

1.5M an Sale Price

8 Days on Market

s includes all single-family homes, April 2022 to April 2023. This may the data was gathered. All data is may be directed to Keller Williams Santa Monica | Brentwood | Marina Del Rey | Pacific Palisades 2023. Each Office is independently owned and operated.

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 $2 2m in April 2022, to $1 5m as of April 2023

Condos

The median sales price has decreased from $807k in April 2022, to $674k as of April 2023.

Overbids

Single-Family Homes

The overbid percentage has decreased from 109 4% in April 2022, to 93 1% a year later

Condos & Townhomes

The overbid percentage has decreased from 105.2% in April 2022, to 100.8% a year later.

Single-Family Homes

The average time spent on the market decreased from 21 days last April 2022, to 18 days as of April 2023

Condos

The average time spent on the market increased from 11 days in April 2022, to 19 days as of April 2023

Sh O

Wha data There provid new lis price o was 10 marke There sale, p were 1 media percen on the

3 d Listings

1.5M an Sale Price

7 Days on Market

s includes all single-family homes, April 2022 to April 2023. This may the data was gathered. All data is may be directed to Keller Williams Santa Monica | Brentwood | Marina Del Rey | Pacific Palisades 2023. Each Office is independently owned and operated.

Last

Last 12 months,

Median SalesPrice

Single-Family Homes

The median sales price has decreased from $1 9m in April 2022, to $1 5m as of April 2023

Condos

The median sales price has increased from $700k in April 2022, to $752k as of April 2023.

Overbids

Single-Family Homes

The overbid percentage has decreased from 106 4% in April 2022, to 100 7% a year later

Condos & Townhomes

The overbid percentage has decreased from 106.6% in April 2022, to 99.1% a year later.

Single-Family

The average time spent on the market increased from 17 days in April 2022, to 27 days as of April 2023

Condos

The average time spent on the market increased from 18 days in April 2022, to 30 days as of April 2023

StudioCity

What's in the Studio City data?

There were 109 single-family homes for sale, providing 5.4 months of inventory. There were 34 new listings, and 18 homes sold at a median sale price of $1.8m. The median overbid percentage was 97.3%, with an average of 27 days on the market.

There were 36 condo and townhome units for sale, providing 1 1 months of inventory There were 14 new listings, and 9 units sold at a median sale price of $899k. The median overbid percentage was 100%, with an average of 14 days on the market.

SFH Single-Family Homes

34 New Listings

18 Sold Listings

5.4 Months of Inventory

$1.8M Median Sale Price

97.3% Median Sale vs List

27 Avg Days on Market

The data, sourced from Broker Metrics on May 3rd, includes all single-family homes, condos, and townhomes in the California Area from April 2022 to April 2023. This may include preliminary data, and vary from the time the data was gathered. All data is deemed reliable but not guaranteed. Questions may be directed to Keller Williams Advisors. DRE# 01499010. Copyright Keller Williams Santa Monica | Brentwood | Marina Del Rey | Pacific Palisades 2023. Each Office is independently owned and operated.

14 New Listings

1.1 Months of Inventory

100% Median Sale vs List

Median SalesPrice

Single-Family Homes

The median sales price has decreased from $2 8m in April 2022, to $1 8m as of April 2023

Condos & Townhomes

The median sales price has decreased from $900k in April 2022, to $899k as of April 2023.

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market increased from 13 days last April 2022, to 27 days as of April 2023

Condos

The average time spent on the market increased from 8 days in April 2022, to 14 days as of April 2023

Overbids

Single-Family Homes

The overbid percentage has decreased from 103 4% in April 2022, to 97 3% a year later

Condos & Townhomes

The overbid percentage has decreased from 111% in April 2022, to 100.8% a year later.

Westlake Village

What's in the Westlake Village data?

There were 120 single-family homes for sale, providing 2.1 months of inventory. There were 44 new listings, and 16 homes sold at a median sale price of $2.2m. The median overbid percentage was 96%, with an average of 38 days on the market.

There were 47 condo and townhome units for sale, providing 1.2 months of inventory. There were 14 new listings, and 13 units sold at a median sale price of $850k. The median overbid percentage was 94.8%, with an average of 46 days on the market

SFH Single-Family Homes

44 New Listings

16 Sold Listings

2.1 Months of Inventory

$2.2M Median Sale Price

96% Median Sale vs List

38 Avg Days on Market

The data, sourced from Broker Metrics on May 3rd, includes all single-family homes, condos, and townhomes in the California Area from April 2022 to April 2023. This may include preliminary data, and vary from the time the data was gathered. All data is deemed reliable but not guaranteed. Questions may be directed to Keller Williams Advisors. DRE# 01499010. Copyright Keller Williams Santa Monica | Brentwood | Marina Del Rey | Pacific Palisades 2023. Each Office is independently owned and operated.

Last

Condos

Last 12 months,

Median SalesPrice

Single-Family

The median sales price has decreased from $2 2m in April 2022, to $2 2m as of April 2023

The median sales price has decreased from $850k in April 2022, to $850k as of April 2023.

Overbids

Single-Family Homes

The overbid percentage has decreased from 100 3% in April 2022, to 96% a year later

Condos & Townhomes

The overbid percentage has decreased from 102.8% in April 2022, to 94.8% a year later.

Single-Family Homes

The average time spent on the market increased from 20 days in April 2022, to 38 days as of April 2023

Condos

The average days on market went up from 18 days in April 2022, to 46 days as of April 2023

Playa DelRey

What's in the Playa Del Rey data?

There were 18 single-family homes for sale, providing 3 months of inventory. There were 2 new listings, and 1 home sold at a median sale price of $3.4m. The median overbid percentage was 104 4%, with an average of 44 days on the market

There were 17 condo and townhome units for sale, providing 1.1 months of inventory. There were 5 new listings, and 11 units sold at a median sale price of $750k. The median overbid percentage was 102.6%, with an average of 19 days on the market.

SFH Single-Family Homes

2 New Listings

1 Sold Listings

3 Months of Inventory

$3.4M Median Sale Price

104.4% Median Sale vs List

44 Avg Days on Market

The data, sourced from Broker Metrics on May 3rd, includes all single-family homes, condos, and townhomes in the California Area from April 2022 to April 2023. This may include preliminary data, and vary from the time the data was gathered. All data is deemed reliable but not guaranteed. Questions may be directed to Keller Williams Advisors. DRE# 01499010. Copyright Keller Williams Santa Monica | Brentwood | Marina Del Rey | Pacific Palisades 2023. Each Office is independently owned and operated.

Median SalesPrice

Single-Family Homes

The median sales price has increased from $2 5m in April 2022, to $3 4m as of April 2023

Condos

The median sales price has decreased from $885k in April 2022, to $750k as of April 2023.

AVGDays OntheMarket

Single-Family

The average time spent on the market increased from 9 days in April 2022, to 44 days as of April 2023

Condos

The average time spent on the market increased from 9 days in April 2022, to 19 days as of April 2023

Overbids

Single-Family Homes

The overbid percentage has increased from 96 6% in April 2022, to 104 4% a year later

Condos & Townhomes

The overbid percentage has decreased from 105.7% in April 2022, to 102.6% a year later.

Venice

What's in the Venice data?

There were 96 single-family homes for sale, providing 7.4 months of inventory. There were 24 new listings, and 18 homes sold at a median sale price of $2.7m. The median overbid percentage was 94.1%, with an average of 65 days on the market.

There are currently 17 condo and townhome units for sale, providing 2 months of inventory There were 5 new listings, and 3 units sold at a median sale price of $1.1m. The median overbid percentage was 98.2%, with an average of 16 days on the market.

SFH Single-Family Homes

24 New Listings

18 Sold Listings

7.4 Months of Inventory

$2.7M Median Sale Price

94.1% Median Sale vs List

65 Avg Days on Market

The data, sourced from Broker Metrics on May 3rd, includes all single-family homes, condos, and townhomes in the California Area from April 2022 to April 2023. This may include preliminary data, and vary from the time the data was gathered. All data is deemed reliable but not guaranteed. Questions may be directed to Keller Williams Advisors. DRE# 01499010. Copyright Keller Williams Santa Monica | Brentwood | Marina Del Rey | Pacific Palisades 2023. Each Office is independently owned and operated.

5 New Listings

2 Months of Inventory

$

98.2% Median Sale vs List A

Median SalesPrice

Single-Family Homes

The median sales price has increased from $2 6m in April 2022, to $2 7m as of April 2023

Condos &

The median sales price has decreased from $1.2m in April 2022, to $1.1m as of April 2023.

Overbids

Single-Family Homes

The overbid percentage has decreased from 99 9% in April 2022, to 94 1% a year later

Condos & Townhomes

The overbid percentage has decreased from 98.4% in April 2022, to 98.2% a year later.

Single-Family

The average time spent on the market increased from 24 days last April 2022, to 65 days as of April 2023

Condos

The average time spent on the market decreased from 18 days in April 2022, to 16 days as of April 2023

West Hollywood

What's in the West Hollywood data?

There were 41 single-family homes for sale, providing 11.3 months of inventory. There were 6 new listings, and 4 homes sold at a median sale price of $2.2k. The median overbid percentage was 90 4%, with an average of 92 days on the market.

There were 129 condo and townhome units for sale, providing 3.5 months of inventory. There were 32 new listings, and 15 units sold at a median sale price of $1m. The median overbid percentage was 89%, with an average of 56 days on the market

SFH Single-Family Homes

6 New Listings

4 Sold Listings

11.3 Months of Inventory

$2.2M Median Sale Price

90.4% Median Sale vs List

92 Avg Days on Market

The data, sourced from Broker Metrics on May 3rd, includes all single-family homes, condos, and townhomes in the California Area from April 2022 to April 2023. This may include preliminary data, and vary from the time the data was gathered. All data is deemed reliable but not guaranteed. Questions may be directed to Keller Williams Advisors. DRE# 01499010. Copyright Keller Williams Santa Monica | Brentwood | Marina Del Rey | Pacific Palisades 2023. Each Office is independently owned and operated.

CONDO

Condo & Townhomes

32 New Listings

15 Sold Listings

3.5 Months of Inventory

1M Median Sale Price

89% Median Sale vs List

56 Avg Days on Market

Last

Last 12 months,

Median SalesPrice

Single-Family Homes

The median sales price has decreased from $2 4m in April 2022, to $2 2m as of April 2023

Condos

The median sales price has increased from $885k in April 2022, to $1m as of April 2023.

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market increased from 16 days in April 2022, to 92 days as of April 2023

Condos

The average time spent on the market increased from 33 days in April 2022, to 56 days as of April 2023

Overbids

Single-Family Homes

The overbid percentage has decreased from 105 4% in April 2022, to 90 4% a year later

Condos & Townhomes

The overbid percentage has decreased from 97.8% in April 2022, to 89% a year later.

Bever Hills

What's in the data?

There were 234 single providing 15.9 month new listings, and 13 h price of $4m. The me 88 1%, with an averag

There were 59 condo sale, providing 3.8 mo were 12 new listings, median sale price of $ percentage was 92.2% on the market.

s

13 d Listings

4M an Sale Price

1 Days on Market

includes all single-family homes, April 2022 to April 2023. This may the data was gathered. All data is may be directed to Keller Williams Santa Monica | Brentwood | Marina Del Rey | Pacific Palisades 2023. Each Office is independently owned and operated.

Median SalesPrice

The median sales price has increased from $3 5m in April 2022, to $4m as of April 2023

Condos

The median sales price has increased from $1.5m in April 2022, to $1.8m as of April 2023.

Overbids

Single-Family Homes

The overbid percentage has decreased from 93 6% in April 2022, to 88 1% a year later

Condos & Townhomes

The overbid percentage has decreased from 102.8% in April 2022, to 92.2% a year later.

Single-Family

The average time spent on the market increased from 22 days in April 2022, to 91 days as of April 2023

Condos

The average time spent on the market increased from 37 days in April 2022, to 56 days as of April 2023

Riverside County

What's in the Riverside County data?

There were 7,680 single-family homes for sale, providing 1.9 months of inventory. There were 2,027 new listings, and 1,859 homes sold at a median sale price of $587k. The median overbid percentage was 96 5%, with an average of 44 days on the market.

There were 1,637 condo and townhome units for sale, providing 2 months of inventory. There were 439 new listings, and 344 units sold at a median sale price of $480k. The median overbid percentage was 96.2%, with an average of 45 days on the market

SFH Single-Family Homes

2,027 New Listings

1,859 Sold Listings

1.9 Months of Inventory

$587K Median Sale Price

96.5% Median Sale vs List

44 Avg Days on Market

The data, sourced from Broker Metrics on May 3rd, includes all single-family homes, condos, and townhomes in the California Area from April 2022 to April 2023. This may include preliminary data, and vary from the time the data was gathered. All data is deemed reliable but not guaranteed. Questions may be directed to Keller Williams Advisors. DRE# 01499010. Copyright Keller Williams Santa Monica | Brentwood | Marina Del Rey | Pacific Palisades 2023. Each Office is independently owned and operated.

C

43 New List Months of Inven

96.2% Median Sale vs

Median SalesPrice

Single-Family Homes

The median sales price has decreased from $612k last April 2022, to $587k as of April 2023

Condos & Townhomes

The median sales price has increased from $474k last April 2022, to $480k as of April 2023.

Overbids

Single-Family Homes

The overbid percentage has decreased from 102 3% in April 2022, to 96 5% a year later

Condos & Townhomes

The overbid percentage has decreased from 103.6% in April 2022, to 96.2% a year later.

Single-Family Homes

The average days on market went up from 20 days in April 2022, to 44 days as of April 2023

Condos & Townhomes

The average days on market went up from 23 days in April 2022, to 45 days as of April 2023

Encino

What's in the Encino data?

There were 179 single-family homes for sale providing 4 months of inventory. There were new listings, and 30 homes sold at a median price of $1.7m. The median overbid percenta was 96%, with an average of 27 days on the market.

There are currently 50 condo and townhome for sale, providing 1 5 months of inventory T were 16 new listings, and 21 units sold at a median sale price of $555k. The median ove percentage was 97.9%, with an average of 38 on the market.

He-Family Homes

ngs

30 Sold Listings

f Inventory

% ale vs List

$1.7M Median Sale Price

27 Avg Days on Market

sourced from Broker Metrics on May 3rd, includes all single-family homes, townhomes in the California Area from April 2022 to April 2023. This may iminary data, and vary from the time the data was gathered. All data is able but not guaranteed. Questions may be directed to Keller Williams 01499010. Copyright Keller Williams Santa Monica | Brentwood | Marina Del Rey | Pacific Palisades 2023. Each Office is independently owned and operated.

16 New Listings

21 Sold Listings

1.5 Months of Inventory

$555K Median Sale Price

97.9% Median Sale vs List

38 Avg Days on Market

Last 12 months, year-over-year.

Last 12 months, year-over-year

Median SalesPrice

Single-Family Homes

The median sales price has decreased from $2m in April 2022, to $1 7m as of April 2023

Condos

The median sales price has increased from $510k in April 2022, to $555k as of April 2023.

Overbids

Single-Family Homes

The overbid percentage has decreased from 100 5% in April 2022, to 96% a year later

Condos & Townhomes

The overbid percentage has decreased from 101.9% in April 2022, to 97.9% a year later.

Single-Family

The average time spent on the market increased from 19 days in April 2022, to 27 days as of April 2023

Condos

The average time spent on the market increased from 19 days in April 2022, to 38 days as of April 2023

SanDiego County

What's in the San Diego County data?

There were 4,608 single-family homes for sale, providing 1.9 months of inventory. There were 1,393 new listings, and 1,312 homes sold at a median sale price of $950k. The median overbid percentage was 97 5%, with an average of 24 days on the market.

There were 1,857 condo and townhome units for sale, providing 1.4 months of inventory. There were 664 new listings, and 651 units sold at a median sale price of $635k. The median overbid percentage was 99.6%, with an average of 18 days on the market

SFH Single-Family Homes

1,393 New Listings

1,312 Sold Listings

1.9 Months of Inventory

$950K Median Sale Price

97.5% Median Sale vs List

24 Avg Days on Market

The data, sourced from Broker Metrics on May 3rd, includes all single-family homes, condos, and townhomes in the California Area from April 2022 to April 2023. This may include preliminary data, and vary from the time the data was gathered. All data is deemed reliable but not guaranteed. Questions may be directed to Keller Williams Advisors. DRE# 01499010. Copyright Keller Williams Santa Monica | Brentwood | Marina Del Rey | Pacific Palisades 2023. Each Office is independently owned and operated.

664

1.4

Last 12 months,

Condos

Last 12 months, year-over-year

Median SalesPrice

Single-Family Homes

The median sales price has decreased from $981k in April 2022, to $950k as of April 2023

Condos

The median sales price has decreased from $664k in April 2022, to $651k as of April 2023.

Overbids

Single-Family Homes

The overbid percentage has decreased from 105% in April 2022, to 97 5% a year later

Condos & Townhomes

The overbid percentage has decreased from 106% in April 2022, to 99.6% a year later.

Single-Family

The average time spent on the market increased from 13 days in April 2022, to 24 days as of April 2023

Condos

The average time spent on the market increased from 11 days in April 2022, to 18 days as of April 2023

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What's

There were providing 2 new listing price of $74 was 101.3% market. There were sale, provid were 10 ne sale price o percentage days on the

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1 New List

1. Months of Inven

101.2% Median Sale vs

Median SalesPrice

Single-Family Homes

The median sales price has decreased from $850k in April 2022, to $742k as of April 2023

Condos

The median sales price has decreased from $528k in April 2022, to $479k as of April 2023.

Overbids

Single-Family Homes

The overbid percentage has decreased from 108 4% in April 2022, to 101 3% a year later

Condos & Townhomes

The overbid percentage has decreased from 105.9% in April 2022, to 101.2% a year later.

Single-Family

The average time spent on the market increased from 19 days last April 2022, to 73 days as of April 2023

Condos

The average time spent on the market increased from 28 days in April 2022, to 35 days as of April 2023

Orange County

What's in the Orange County data?

There were 3,308 single-family homes for sale, providing 1.5 months of inventory. There were 1,152 new listings, and 1,009 homes sold at a median sale price of $1.2m. The median overbid percentage was 96 9%, with an average of 28 days on the market.

There were 1,662 condo and townhome units for sale, providing 1.1 months of inventory. There were 602 new listings, and 608 units sold at a median sale price of $730k. The median overbid percentage was 99%, with an average of 29 days on the market

SFH Single-Family Homes

1,152 New Listings

1,009 Sold Listings

1.5 Months of Inventory

$1.2M Median Sale Price

96.9% Median Sale vs List

28 Avg Days on Market

The data, sourced from Broker Metrics on May 3rd, includes all single-family homes, condos, and townhomes in the California Area from April 2022 to April 2023. This may include preliminary data, and vary from the time the data was gathered. All data is deemed reliable but not guaranteed. Questions may be directed to Keller Williams Advisors. DRE# 01499010. Copyright Keller Williams Santa Monica | Brentwood | Marina Del Rey | Pacific Palisades 2023. Each Office is independently owned and operated.

602 New Listings

1.1

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 $1 3m last April 2022, to $1 2m as of April 2023

Condos

The median sales price has decreased from $758k last April 2022, to $730k as of April 2023.

Overbids

Single-Family Homes

The overbid percentage has decreased from 103 2% in April 2022, to 96 9% a year later

Condos & Townhomes

The overbid percentage has decreased from 105.6% in April 2022, to 99% a year later.

Single-Family

The average time spent on the market increased from 15 days last April 2022, to 28 days as of April 2023

The average time spent on the market increased from 12 days in April 2022, to 29 days as of April 2023