Melanie Mihal - November 2024 Market Report - Southern California Area

Page 1


Southern California area

Los Angeles

Jump to Los Angeles Report

Santa Monica

Jump to Santa Monica Report

Brentwood

Jump to Brentwood Report

Marina Del Rey

Jump to Marina Del Rey Report

Pacific Palisades

Jump to Pacific Palisades Report

Culver City

Jump to Culver City Report

Sherman Oaks

Jump to Sherman Oaks Report

Studio City

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Westlake Village

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Playa Del Rey

Jump to Playa Del Rey Report

Venice

Jump to Venice Report

West Hollywood

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Beverly Hills

Jump to Beverly Hills Report

Riverside County

Jump to Riverside County Report

Encino

Jump to Encino Report

San Diego County

Jump to San Diego County Report

Inglewood

Jump to Inglewood Report

Orange County

Jump to Orange County Report

Topanga City

Jump to Topanga City Report

What’syourhome reallyworthin today’smarket?

That's 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. 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?

Icanhelp...

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

IsaFixerUpperRightforYou?

Looking to buy a home but feeling like almost everything is out of reach? Here’s the thing. There’s still a way to become a homeowner, even when affordability seems like a huge roadblock – and it might be with a fixer upper. Let’s dive into why buying a fixer upper could be your ticket to homeownership and how you can make it work.

What Is a Fixer Upper?

A fixer upper is a home that’s in livable condition but needs some work. The amount of work varies by home – some may need cosmetic updates like wallpaper removal and new flooring, while others might require more extensive repairs like replacing a roof or updating plumbing.

Smart Strategies for a Mortgage Application

Avoid paying off debts or collections without professional advice.

Don't have your credit report pulled too many times - this can hurt your credit score. 3 4 5 6 1 2

Always consult your mortgage professional before making large financial moves. Use verified funds for deposits to prevent closing delays.

HomeRenovationsThatCanMakea BIG IMPACT AccordingtoExperts

In2024,thehomebuyingmarketfacessignificantchallenges highprices, steepinterestrates,andlimitedhousinginventory.Formany,renovatingtheir currenthomeisamoreattractiveoptionthanpurchasinganewone.Whilethe LIRAreportpredictsadeclineinrenovationspending,expertsemphasizethat small-scaleupdatesortargetedlargerprojectscanstilldelivermajorbenefits.

Beforedivingintoarenovation,it’sessentialtoplan carefullyandbudgetwisely.Workingwithreputable professionalsiskey,especiallythoseoffering financingoptionsandtransferablewarranties.Sharing yourbudgetwithcontractorsupfrontandinvolving designersearlyensuresthatyourrenovationruns smoothlyandachievesbothfinancialandfunctional success Adetailedplanwillkeeptheprojectontrack andhelpavoidcostlysurprises

YOUR NEIGHBORHOOD ESCROW COMPANY

RESOLUTIONESCROW SPECIALTIES

Take a look at the services that we provide.

VENDOR DIRECTORY

When it comes to home ownership, knowing who you can trust is crucial. That's why we've curated a select list of trusted vendors who are ready to help with your home goals.

LosAngeles

What's in the Los Angeles data?

There were 15,466 single-family homes for sale, providing 3.1 months of inventory. There were 4,242 new listings, and 3,025 homes sold at a median price of $1m. The median overbid percentage was at 97.3%, with an average of 36 days on the market.

There were 5,790 condo and townhome units for sale, providing 3 8 months of inventory There were 1,502 new listings and 1,087 units sold at a median sale price of $695k. The median overbid percentage was at 97.1%, with an average of 42 days on the market.

He-Family Homes

242 ings

3,025 Sold Listings

1 of Inventory

$1M Median Sale Price

.3% Sale vs List

36 Avg Days on Market

sourced from Broker Metrics, includes all single-family homes, condos and in the California Area from October 2023 to October 2024. This may include data, and may vary from the time the data was gathered. All data is deemed not guaranteed. DRE# 01499010. Copyright KW Advisors Santa Monica | Brentwood | Marina Del Rey 2024. Each office is independently owned and operated.

Condo & Townhomes

1,502

New Listings

1,087 Sold Listings

3.8

Months of Inventory

$695K

Median Sale Price

97.1%

Median Sale vs List

42 Avg Days on Market

LosAngeles

OCTOBER 2023 - OCTOBER 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 October 2023, to $1m as of October 2024

Condos & Townhomes

The median sale price has increased from $685k last October 2023, to $695k as of October 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 29 days last October 2023, to 36 days as of October 2024

Condos & Townhomes

The average time spent on the market went up from 32 days in October 2023, to 42 days as of October 2024.

Overbids

Single-Family Homes

The overbid percentage has decreased from 97 6% last October 2023, to 97 3% a year later

Condos & Townhomes

The overbid percentage has decreased from 98.5% last October 2023, to 97.1% a year later.

Santa Monica

What's in the Santa Monica data?

There were 150 single-family homes for sale, providing 5 months of inventory. There were 29 new listings, and 28 homes sold at a median price of $2.8m. The median overbid percentage was at 98 5%, with an average of 37 days on the market

There were 183 condo and townhome units for sale, providing 4.6 months of inventory. There were 53 new listings and 30 units sold at a median sale price of $1.2m. The median overbid percentage was at 95.7%, with an average of 53 days on the market.

29 New Listings

5 Months of Inventory

98.5% Median Sale vs List

28 Sold Listings

$2.8M Median Sale Price

37 Avg Days on Market

single-family homes, condos and 2024. This may include gathered. All data is deemed Advisors Santa Monica | Brentwood | Marina Del Rey 2024. Each office is independently owned and operated.

Condo & Townhomes

53

Listings

antaMonica

OCTOBER 2023 - OCTOBER 2024

TINGS FOR SALE SOLD LISTINGS

Family Homes

2 months, year-over-year.

s & Townhomes

2 months, year-over-year

Median SalesPrice

Single-Family Homes

The median sale price has decreased from $3 6m last October 2023, to $2 8m as of October 2024

Condos & Townhomes

The median sale price has decreased from $1 3m last October 2023, to $1 2m as of October 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 30 days last October 2023, to 37 days as of October 2024

Condos & Townhomes

The average time spent on the market went down from 67 days in October 2023, to 53 days as of October 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 93 7% last October 2023, to 98 5% a year later

Condos & Townhomes

The overbid percentage has increased from 95.6% last October 2023, to 95.7% a year later.

Brentwood

What's in the Brentwood data?

There were 131 single-family homes for sale, providing 9.3 months of inventory. There were 31 new listings, and 13 homes sold at a median price of $3.2m. The median overbid percentage was at 87.3%, with an average of 57 days on the market.

There were 78 condo and townhome units for sale, providing 3.7 months of inventory. There were 17 new listings and 13 units sold at a median sale price of $1.3m. The median overbid percentage was at 98.6%, with an average of 25 days on the market.

Single-Family Homes

31 New Listings

13 Sold Listings

9.3 Months of Inventory

$3.2M Median Sale Price

87.3%

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 October 2023 to October 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

17 New Listings

13 Sold Listings

3.7 Months of Inventory $1.3M Median Sale Price 98.6% Median Sale vs List

25 Avg Days on Market

OCTOBER 2023 - OCTOBER 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 $4 1m last October 2023, to $3 2m as of October 2024

Condos & Townhomes

The median sale price has increased from $956k last October 2023, to $1 3m as of October 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 39 days last October 2023, to 57 days as of October 2024

Condos & Townhomes

The average time spent on the market went down from 28 days in October 2023, to 25 days as of October 2024.

Overbids

Single-Family Homes

The overbid percentage has decreased from 91 1% last October 2023, to 87 3% a year later

Condos & Townhomes

The overbid percentage has decreased from 100.2% last October 2023, to 98.6% a year later.

Marina DelRey

What's in the Marina Del Rey data?

There were 39 single-family homes for sale, providing 15.5 months of inventory. There were 6 new listings, and 2 homes sold at a median price of $2.6m. The median overbid percentage was at 96 2%, with an average of 34 days on the market

There were 130 condo and townhome units for sale, providing 4 months of inventory. There were 33 new listings and 18 units sold at a median sale price of $1.3m. The median overbid percentage was at 95.7%, with an average of 47 days on the market.

Single-Family Homes

6 ew Listings

2 Sold Listings

15.5 Months of Inventory

$2.6M Median Sale Price

96.2% 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 October 2023 to October 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

OCTOBER 2023 - OCTOBER 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 decreased from $2 66m last October 2023, to $2 61m as of October 2024

Condos & Townhomes

The median sale price has increased from $1 2m last October 2023, to $1 3m as of October 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 6 days last October 2023, to 34 days as of October 2024

Condos & Townhomes

The average time spent on the market went down from 52 days in October 2023, to 47 days as of October 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 91 8% last October 2023, to 96 2% a year later

Condos & Townhomes

The overbid percentage has decreased from 97.2% last October 2023, to 95.7% a year later.

Pacific Palisades

What's in the Pacific Palisades data?

There were 133 single-family homes for sale, providing 5.9 months of inventory. There wer new listings, and 11 homes sold at a median of $3.1m. The median overbid percentage wa 95 9%, with an average of 43 days on the ma

There were 24 condo and townhome units fo sale, providing 4.5 months of inventory. Ther were 8 new listings and 6 units sold at a med sale price of $1.6m. The median overbid percentage was at 96.4%, with an average of days on the market.

Condo & Townhomes

8 New Listings 4.5 Months of Inventory $1.6M Median Sale Price 96.4% Median Sale vs List 15 Avg Days on Market 6 Sold Listings

OCTOBER 2023 - OCTOBER 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 $4 4m last October 2023, to $3 1m as of October 2024

Condos & Townhomes

The median sale price has decreased from $1 8m last October 2023, to $1 6m as of October 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 38 days last October 2023, to 43 days as of October 2024

Condos & Townhomes

The average time spent on the market went down from 45 days in October 2023, to 15 days as of October 2024.

Overbids

Single-Family Homes

The overbid percentage has decreased from 96 4% last October 2023, to 95 9% a year later

Condos & Townhomes

The overbid percentage has decreased from 97.1% last October 2023, to 96.4% a year later.

Culver City

What's in the Culve

There were 88 single-family h providing 4.2 months of inve new listings, and 15 homes s of $1.5m. The median overbi 99.8%, with an average of 33

There were 58 condo and tow sale, providing 4.6 months of were 12 new listings and 17 sale price of $629k. The med percentage was at 95.9%, wi days on the market

single-family homes, condos and 2024. This may include gathered. All data is deemed Advisors Santa Monica | Brentwood | Marina Del Rey 2024. Each office is independently owned and operated.

Condo & Townhomes

ulverCity

OCTOBER 2023 - OCTOBER 2024

TINGS FOR SALE SOLD LISTINGS

Family Homes

2 months, year-over-year.

s & Townhomes

2 months, year-over-year

Median SalesPrice

Single-Family Homes

The median sale price has decreased from $1 7m last October 2023, to $1 5m as of October 2024

Condos & Townhomes

The median sale price has decreased from $1m last October 2023, to $629k as of October 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market remained the same from 33 days last October 2023, to 33 days as of October 2024

Condos & Townhomes

The average time spent on the market went up from 16 days in October 2023, to 48 days as of October 2024.

Overbids

Single-Family Homes

The overbid percentage has decreased from 100% last October 2023, to 99 8% a year later

Condos & Townhomes

The overbid percentage has decreased from 101.1% last October 2023, to 95.9% a year later.

Sherm Oaks

What's in the Sher data?

There were 227 single-family providing 6.5 months of inve new listings, and 31 homes s of $1.7m. The median overbi 96 5%, with an average of 33

There were 111 condo and to sale, providing 4.9 months of were 27 new listings and 17 sale price of $700k. The med percentage was at 99%, with days on the market.

single-family homes, condos and 2024. This may include gathered. All data is deemed Advisors Santa Monica | Brentwood | Marina Del Rey 2024. Each office is independently owned and operated.

Median SalesPrice

Single-Family Homes

The median sale price has decreased from $2 1m last October 2023, to $1 7m as of October 2024

Condos & Townhomes

The median sale price has decreased from $717k last October 2023, to $700k as of October 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 29 days last October 2023, to 33 days as of October 2024

Condos & Townhomes

The average time spent on the market went up from 13 days in October 2023, to 39 days as of October 2024.

Overbids

Single-Family Homes

The overbid percentage has decreased from 97 1% last October 2023, to 96 5% a year later

Condos & Townhomes

The overbid percentage has decreased from 101.2% last October 2023, to 99% a year later.

StudioCity

What's in the Studio City data?

There were 187 single-family homes for sale, providing 4.2 months of inventory. There were 53 new listings, and 21 homes sold at a median price of $2.1m. The median overbid percentage was at 96.3%, with an average of 45 days on the market.

There were 56 condo and townhome units for sale, providing 2.3 months of inventory. There were 15 new listings and 12 units sold at a median sale price of $800k. The median overbid percentage was at 97.7%, with an average of 41 days on the market.

Single-Family Homes

53 New Listings

21 Sold Listings

4.2 Months of Inventory

$2.1M Median Sale Price

96.3% Median Sale vs List

45 Avg Days on Market

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

15

StudioCity

OCTOBER 2023 - OCTOBER 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 $2 6m last October 2023, to $2 1m as of October 2024

Condos & Townhomes

The median sale price has decreased from $880k last October 2023, to $800k as of October 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 39 days last October 2023, to 45 days as of October 2024

Condos & Townhomes

The average time spent on the market went up from 32 days in October 2023, to 41 days as of October 2024.

Overbids

Single-Family Homes

The overbid percentage has decreased from 98 9% last October 2023, to 96 3% a year later

Condos & Townhomes

The overbid percentage has decreased from 101.1% last October 2023, to 97.7% a year later.

Westlake Village

What's in the Westlake Village data?

There were 122 single-family homes for sale, providing 2.5 months of inventory. There were 21 new listings, and 20 homes sold at a median price of $1.6m. The median overbid percentage was at 91 9%, with an average of 70 days on the market

There were 63 condo and townhome units for sale, providing 2 months of inventory. There were 9 new listings and 18 units sold at a median sale price of $817k. The median overbid percentage was at 96.1%, with an average of 64 days on the market.

Single-Family Homes

21 New Listings

20 Sold Listings

2.5 Months of Inventory

$1.6M Median Sale Price

91.9%

Median Sale vs List

70 Avg Days on Market

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

2 Months of Inventory 96.1%

Median Sale vs List

Median SalesPrice

Single-Family Homes

The median sale price has increased from $1 4m last October 2023, to $1 6m as of October 2024

Condos & Townhomes

The median sale price has decreased from $823k last October 2023, to $817k as of October 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 43 days last October 2023, to 70 days as of October 2024

Condos & Townhomes

The average time spent on the market went up from 55 days in October 2023, to 64 days as of October 2024.

Overbids

Single-Family Homes

The overbid percentage has decreased from 97% last October 2023, to 91 9% a year later

Condos & Townhomes

The overbid percentage has increased from 94.7% last October 2023, to 96.1% a year later.

Play Del

What's in t data?

There were 24 s providing 5 mon new listings, and of $3.8m. The m 80 5%, with an a

There were 43 c sale, providing 2 were 9 new listin sale price of $74 percentage was days on the mar

and include deemed Monica |

Months of 9

Median S

Oct2024

Median SalesPrice

Single-Family Homes

The median sale price has increased from $2 7m last October 2023, to $3 8m as of October 2024

Condos & Townhomes

The median sale price has decreased from $926k last October 2023, to $740k as of October 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 33 days last October 2023, to 154 days as of October 2024

Condos & Townhomes

The average time spent on the market went up from 43 days in October 2023, to 55 days as of October 2024.

Overbids

Single-Family Homes

The overbid percentage has decreased from 94 4% last October 2023, to 80 5% a year later

Condos & Townhomes

The overbid percentage has decreased from 97.5% last October 2023, to 97% a year later.

Venice

What's in the Venice data?

There were 159 single-family homes for sale, providing 6.3 months of inventory. There were 37 new listings, and 20 homes sold at a median price of $2.2m. The median overbid percentage was at 91.6%, with an average of 47 days on the market.

There were 22 condo and townhome units for sale, providing 18 months of inventory. There were 4 new listings and 4 units sold at a median sale price of $1.6m. The median overbid percentage was at 93.4%, with an average of 40 days on the market.

Single-Family Homes

37 New Listings

20 Sold Listings

6.3 Months of Inventory

$2.2M Median Sale Price

91.6%

Median Sale vs List

47 Avg Days on Market

The data, sourced from Broker Metrics, includes all single-family homes, condos and townhomes in the California Area from October 2023 to October 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 4

New Listings

18 Months of Inventory

93.4%

Median Sale vs List

Median SalesPrice

Single-Family Homes

The median sale price has decreased from $2 3m last October 2023, to $2 2m as of October 2024

Condos & Townhomes

The median sale price has increased from $925k last October 2023, to $1 6m as of October 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 39 days last October 2023, to 47 days as of October 2024

Condos & Townhomes

The average time spent on the market went down from 42 days in October 2023, to 40 days as of October 2024.

Overbids

Single-Family Homes

The overbid percentage has decreased from 96 1% last October 2023, to 91 6% a year later

Condos & Townhomes

The overbid percentage has increased from 92.7% last October 2023, to 93.4% a year later.

West Hollyw

What's in the West data?

There were 82 single-family h providing 8.7 months of inven new listings, and 6 homes sol of $1.8m. The median overbid 89.4%, with an average of 32 d

There were 225 condo and tow sale, providing 7.3 months of were 62 new listings and 23 u sale price of $1m. The median was at 93.5%, with an average market.

8M

Price Market

single-family homes, condos and 2024. This may include gathered. All data is deemed Advisors Santa Monica | Brentwood | Marina Del Rey 2024. Each office is independently owned and operated.

Condo

New Listings

7.3

Months of Inventory

93.5%

Median Sale vs List

Median SalesPrice

Single-Family Homes

The median sale price has decreased from $2 2m last October 2023, to $1 8m as of October 2024

Condos & Townhomes

The median sale price has increased from $985k last October 2023, to $1m as of October 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 16 days last October 2023, to 32 days as of October 2024

Condos & Townhomes

The average time spent on the market went up from 39 days in October 2023, to 47 days as of October 2024.

Overbids

Single-Family Homes

The overbid percentage has decreased from 98 5% last October 2023, to 89 4% a year later

Condos & Townhomes

The overbid percentage has remained the same from 93.5% last October 2023, to 93.5% a year later.

Beverly Hills

What's in the Beve data?

There were 331 single-family providing 10.2 months of inv new listings, and 24 homes s of $4.5m. The median overbi 91 1%, with an average of 87

There were 94 condo and tow sale, providing 4.4 months of were 15 new listings and 9 u sale price of $1.4m. The med percentage was at 95.1%, wi days on the market.

single-family homes, condos and 2024. This may include gathered. All data is deemed Advisors Santa Monica | Brentwood | Marina Del Rey 2024. Each office is independently owned and operated.

15

New Listings

4.4

Months of Inventory 95.1%

Median Sale vs List

Median SalesPrice

Single-Family Homes

The median sale price has increased from $3m last October 2023, to $4 5m as of October 2024

Condos & Townhomes

The median sale price has decreased from $1 9m last October 2023, to $1 4m as of October 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 39 days last October 2023, to 87 days as of October 2024

Condos & Townhomes

The average time spent on the market went down from 92 days in October 2023, to 44 days as of October 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 89 9% last October 2023, to 91 1% a year later

Condos & Townhomes

The overbid percentage has decreased from 95.2% last October 2023, to 95.1% a year later.

Riverside County

What's in the Riverside County data?

There were 9,956 single-family homes for sale, providing 3.5 months of inventory. There were 2,591 new listings, and 1,704 homes sold at a median price of $630k. The median overbid percentage was at 97.5%, with an average of 43 days on the market

There were 1,985 condo and townhome units for sale, providing 4.6 months of inventory. There were 524 new listings and 246 units sold at a median sale price of $445k. The median overbid percentage was at 96.6%, with an average of 55 days on the market.

Condo

524

New Listings

4.6

Months of Inventory

96.6%

Median Sale vs List

Median SalesPrice

Single-Family Homes

The median sale price has increased from $605k last October 2023, to $630k as of October 2024

Condos & Townhomes

The median sale price has decreased from $446k last October 2023, to $445k as of October 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 39 days last October 2023, to 43 days as of October 2024

Condos & Townhomes

The average time spent on the market went up from 49 days in October 2023, to 55 days as of October 2024.

Overbids

Single-Family Homes

The overbid percentage has decreased from 97 6% last October 2023, to 97 5% a year later

Condos & Townhomes

The overbid percentage has increased from 95.6% last October 2023, to 96.6% a year later.

Encino

What's in the Encino data?

There were 259 single-family homes for sale, providing 6 months of inventory. There were 68 new listings, and 24 homes sold at a median price of $1.8m. The median overbid percentage was at 96.4%, with an average of 59 days on the market.

There were 88 condo and townhome units for sale, providing 8.2 months of inventory. There were 24 new listings and 11 units sold at a median sale price of $579k. The median overbid percentage was at 97.9%, with an average of 28 days on the market.

Single-Family Homes

68 New Listings

24 Sold Listings

6 Months of Inventory

$1.8M Median Sale Price

96.4% Median Sale vs List

59 Avg Days on Market

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

OCTOBER 2023 - OCTOBER 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 $2 2m last October 2023, to $1 8m as of October 2024

Condos & Townhomes

The median sale price has increased from $412k last October 2023, to $579k as of October 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 25 days last October 2023, to 59 days as of October 2024

Condos & Townhomes

The average time spent on the market went down from 38 days in October 2023, to 28 days as of October 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 95 4% last October 2023, to 96 4% a year later

Condos & Townhomes

The overbid percentage has increased from 97.1% last October 2023, to 97.9% a year later.

SanDiego County

What's in the San Diego County data?

There were 6,580 single-family homes for sale, providing 3.1 months of inventory. There were 1,766 new listings, and 1,349 homes sold at a median price of $1m. The median overbid percentage was at 96 7%, with an average of 30 days on the market.

There were 3,347 condo and townhome units for sale, providing 3.3 months of inventory. There were 967 new listings and 607 units sold at a median sale price of $675k. The median overbid percentage was at 97.1%, with an average of 33 days on the market

Single-Family Homes

1,766

New Listings

1,349 Sold Listings

3.1 Months of Inventory

$1M Median Sale Price

96.7%

Median Sale vs List

30 Avg Days on Market

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

SanDiegoCounty

OCTOBER 2023 - OCTOBER 2024

LISTINGS FOR SALE SOLD LISTINGS

ngle-Family Homes st 12 months, year-over-year.

ondos & Townhomes st 12 months, year-over-year

Median SalesPrice

Single-Family Homes

The median sale price has increased from $959k last October 2023, to $1m as of October 2024

Condos & Townhomes

The median sale price has increased from $651k last October 2023, to $675k as of October 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 23 days last October 2023, to 30 days as of October 2024

Condos & Townhomes

The average time spent on the market went up from 22 days in October 2023, to 33 days as of October 2024.

Overbids

Single-Family Homes

The overbid percentage has increased from 96 4% last October 2023, to 96 7% a year later

Condos & Townhomes

The overbid percentage has decreased from 98.5% last October 2023, to 97.1% a year later.

Inglewood

What's in the Inglewood da

There were 83 single-family homes for sa providing 2.8 months of inventory. There w new listings, and 14 homes sold at a med of $832k. The median overbid percentage 93.8%, with an average of 66 days on the

There were 50 condo and townhome units sale, providing 3.3 months of inventory. T were 11 new listings and 9 units sold at a sale price of $494k. The median overbid percentage was at 99.6%, with an average days on the market.

14 Sold Listings

$832K

Median Sale Price

66 Avg Days on Market

includes all single-family homes, condos and October 2023 to October 2024. This may include time the data was gathered. All data is deemed 01499010. Copyright KW Advisors Santa Monica | Brentwood | Marina Del Rey 2024. Each office is independently owned and operated.

Condo & Townhomes

Listings

OCTOBER 2023 - OCTOBER 2024

y Homes ths, year-over-year. ownhomes ths, year-over-year

Median SalesPrice

Single-Family Homes

The median sale price has decreased from $847k last October 2023, to $832k as of October 2024

Condos & Townhomes

The median sale price has decreased from $515k last October 2023, to $494k as of October 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 40 days last October 2023, to 66 days as of October 2024

Condos & Townhomes

The average time spent on the market went up from 32 days in October 2023, to 38 days as of October 2024.

Overbids

Single-Family Homes

The overbid percentage has decreased from 100 4% last October 2023, to 93 8% a year later

Condos & Townhomes

The overbid percentage has increased from 95.5% last October 2023, to 99.6% a year later.

Orange County

What's in the Orange County data?

There were 4,427 single-family homes for sale, providing 2.3 months of inventory. There were 1,223 new listings, and 1,180 homes sold at a median price of $1.3m. The median overbid percentage was at 96 4%, with an average of 33 days on the market.

There were 2,304 condo and townhome units for sale, providing 2.3 months of inventory. There were 736 new listings and 580 units sold at a median sale price of $780k. The median overbid percentage was at 97.5%, with an average of 29 days on the market

Single-Family Homes

1,223 New Listings

1,180 Sold Listings

2.3 Months of Inventory

$1.3M

Median Sale Price

96.4%

Median Sale vs List

33 Avg Days on Market

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

rangeCounty

OCTOBER 2023 -

OCTOBER 2024

NGS FOR SALE SOLD LISTINGS

amily Homes months, year-over-year. & Townhomes months, year-over-year

Median SalesPrice

Single-Family Homes

The median sale price has increased from $1 2m last October 2023, to $1 3m as of October 2024

Condos & Townhomes

The median sale price has increased from $755k last October 2023, to $780k as of October 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 27 days last October 2023, to 33 days as of October 2024

Condos & Townhomes

The average time spent on the market went up from 25 days in October 2023, to 29 days as of October 2024.

Overbids

Single-Family Homes

The overbid percentage has decreased from 96 7% last October 2023, to 96 4% a year later

Condos & Townhomes

The overbid percentage has decreased from 99.3% last October 2023, to 97.5% a year later.

Topan City

What's in the T data?

There were 58 single-fa providing 8 months of new listings, and 10 ho of $2m. The median ov 77 9%, with an average

There were 6 condo an providing 0 months of new listings and 0 units price of $0. The median at 0%, with an average

0 stings

2M n Sale Price

4 ys on Market

single-family homes, condos and October 2024. This may include was gathered. All data is deemed Copyright KW Advisors Santa Monica | Brentwood | Marina Del Rey 2024. Each office is independently owned and operated.

Median SalesPrice

Single-Family Homes

The median sale price has increased from $1 9m last October 2023, to $2m as of October 2024

Condos & Townhomes

The median sale price has decreased from $795k last October 2023, to $0 as of October 2024

AVGDays OntheMarket

Single-Family Homes

The average time spent on the market went up from 36 days last October 2023, to 84 days as of October 2024

Condos & Townhomes

The average time spent on the market went down from 40 days in October 2023, to 0 days as of October 2024.

Overbids

Single-Family Homes

The overbid percentage has decreased from 96 1% last October 2023, to 77 9% a year later

Condos & Townhomes

The overbid percentage has decreased from 99.5% last October 2023, to 0% a year later.

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